Reflective Statement Seminar Four: Ethical Leadership Debate Guiding Reflective Question | Student Reflection | What was the definition of ‘ethical leadership’ adopted by the participants in the debate?What is the role of the directors as envisaged by Codes of Corporate Governance and wider society?Are these expectations consistent with the ideas of ethical leadership? | The four characters, Mike, Jan, Mei-Hua and Deshi were portrayed as individuals with starkly differing views on ethical leadership. Mike believes that strong influence of ethical leaders in organizations will shape people within. Meanwhile, Jan’s idea of ethical leadership involves her employees taking up of social responsibility which she believes will be able to …show more content…
| In a shareholder company, the main conflict lies in the needs of the stakeholders, both internal and external, and the survival of the business itself (Jones et al. 2007). This could be commonly seen in 1) monetary terms, where employees expectations of wages are in conflict with profit maximization 2) environmental terms, when the needs of increased producing might directly increase pollution or indirectly stress the environment by depleting resources unsustainably and 3) supplier-consumer terms, where consumer demands for lower prices while suppliers strive to obtain better prices for services and goods they provide (Goodpaster 1991). Ethical leadership ensures that decisions are made only after considering the interests of all involved parties. It will discourage the influence of external pressures and self-interest from manifesting top managers and, in turn, satisfy the stakeholders by addressing their concerns (Goodpaster 1991). Hence, it could be argued that ethical leadership encourages empathy, which aids shareholder companies to reach a common understanding. Although this will not effectively remove the tensions permanently, it will however reduce it to manageable levels, ultimately ensuring the survival of the business. | What are the challenges in really delivering ethical leadership and how much of this is caused by the profit maximisation that underlies shareholder focus? | In my opinion, the identification and
Ethics is the guiding force in any respectable organization. With a moral compass, especially in the leadership of organization, a company can become compromised and fall into a quagmire of legal issues, a tarnished reputation, and devaluation of company stock if it is a publically traded company. In pursuit of examine my own ethical lens I will analyze the ethical traits of an admired leader, my own traits as exhibited in the Ethical Lens Inventory, and how I make a decision concerning a particular ethical dilemma.
What is ethically responsible management? How can a corporation, given its economic mission, be managed with appropriate attention to ethical concerns? These are central questions in the field of business ethics. There are two approaches to answering such questions. The first one is Milton Friedman’s shareholder theory of management and the second one is Edwards Freeman’s “Stakeholder” theory of management, two different views about the purpose and aims of a business.
This paper will first discuss briefly what ethics are and provide the definition for an ethical issue. An ethical leadership issue is identified and explained for this author’s practice area. We will then identify and discuss key strategies for leadership that are pertinent to the ethical issue. Next, empirical evidence which supports the strategies discussed will be analyzed. Then, the impact and importance of the strategies will be stated. The final step will be to provide a conclusion to the reader that summarizes the content and strategies.
Leaders can begin by establishing a systematic approach to ethics so when ethical issues do occur; the organization’s actions to address them match its core values. To do this, leaders should identify and discuss specific ethical challenges, determine how to approach them, and provide practical insights to help maintain and enhance ethical performance.
This paper will respond to three questions, “Are all managers leaders?” (Phillips & Gully, 2014, p. 425) “What are some common barriers preventing leaders from behaving ethically and how can these barriers be overcome?” (Phillips & Gully, 2014, p. 450) And “Is it possible for leadership substitutes to be effective?” (Phillips & Gully, 2014, p. 450)
Ethical leadership is vital for the success of any business; this case study illustrates that the lack of moral values and a healthy ethically incline corporate culture, can lead to scrupulous behavior from the CEO all the way down the company. Scrushy had a demanding and cunning personality, and it was easy for his to influence others in his business to go along with the fraud. Also, having Stanwick and Stanwick, (2013) an active board of directors does have a positive impact on the performance of the firm. Also, good corporate governance supports the ethical requirements established by the stakeholders. A moral leader must cultivate a real ethically driven organization, which has no tolerance for unethical behavior.
My understanding of the seven tasks of the ethical leader in creating value for an organization’s stakeholders is that these seven tasks should lead as a guide to leaders. It is essential for leaders to be role models for their employees. A leader needs to not just think about themselves, but to consider how their actions will affect others, including the image of the company. Having a process for employees to address their concerns and feel they are being heard is very important for leading a team. This creates value and a feeling of belonging within a company. Developing key employees and utilizing their talents also gives them value as well as value for others. This raises the bar for them to step up and become role models as well. Always acting in the best interest of the company, even if it is letting someone go.
Leaders must discuss specific ethical problems and create a system to address them and provide insights to help enhance and maintain ethical performance.
The purpose of this paper is to reflect on my thoughts on how I can utilize certain methods that will help shape the vision of the organization. I will explain how ethics play a role in leadership and decision making. This week I encountered multiple dilemmas which affected my actions at work, home, and school; in this paper I will exploit those dilemmas and how they are considered weakness that I incorporated in my IDP. Using last week 's assignment to start an IDP, I came up with certain actions (part 3) to take to further advance myself as a leader. The reasoning behind these actions will show how proper ethical actions define a leader, and the influence it holds with the organization’s culture.
The topic that we choose is “The relationship between Leadership and Ethics”. The term ethics has been defined as inquiry into the nature and grounds of morality or a branch of philosophy of human conduct and determine right and wrong (Ferrell, Fraedrich & Ferrell, 2010). In the other words, it includes study of general nature of moral, specific moral choices, moral philosophy, and rules or standards of governing the conduct of the member of a profession (Ferrell et al., 2010).
Ethical leadership encompasses the manner in which one leaders that respects the rights and dignity of other individuals. According to Preston (1996) “ethics is concerned about what is right, fair, just, or good; about what we ought to do, not just what is the case or what is most acceptable or expedient” (p.16). Ethical leadership calls for ethical leaders in the organization. However, although an organization’s beliefs, valves, customs and philosophies need to start from the chief executive, the managers and employees must be dedicated to the organization’s goals for a culture be shaped (Butts Ed.). In order for a strong organizational culture to be successful, components of key valves must be in place and followed. With the
The paper focuses on interviewing a business leader who is seen to apply ethical business practices in the organization they lead with an aim of finding the important elements in ethical leadership. The interview is scheduled for 30 minutes where the interviewer will ask the ethical leader various questions pertaining to ethical leadership. Some of the questions that will be asked include, What is your leadership background? What are the traits of an ethical leader? what are the values of an ethical leader? What is the importance of ethical leadership in a competitive environment? Does ethical leadership affect customer relations? Do you observe ethics while interacting
As already observed above, the leaders have the responsibility of making the decisions in the firm. They should consider the ethical as well as moral aspects as they make the decisions, and should be sure to make decisions that lead to the benefit of the parties involved. In order to make such decisions, there is need to observe some procedures as indicated in the essay below.
Plato once asked whether you would rather be "an unethical person with a good reputation or an ethical person with a reputation for injustice." Ethical leadership has long been a debate in regards to its importance and place in the universal business world.
This broader concept of ethical leadership empowers leaders to incorporate and be explicit about their own values and ethics. The following list provides a framework for developing ethical leadership. It is based on the observations of and conversations with a host of executives and students over the past 25 years, and on readings of both popular and scholarly business literature. Written from the perspective of the leader, these ten facets of ethical leaders offer a way to understand ethical leadership that is more complex and more useful than just a matter of “good character and values.”