Assignment #4 : King Jewels : Ethical Leadership in Practice
Discuss how the leadership style may have contributed to unethical behavior.
In the world of greed, I think people tend to forget what the words leadership mean. Leadership means being a good role model for your peers, being able to guide, lead and direct them in the right direction. In the case of King Jewels Clement Tam failed to do so because he let his power take over he responsibility to be a great leader for the company. King Jewels was just a mom and pop jewel store owned by Andy Wong and his wife for 20 years during the 1985. The business later expanded from Hong Kong to China in the 1990’s. Sells had been booming in the last ten years. According to Mr.
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Discuss how the proper segregation of duties could have prevented Tam from fraudulently sourcing the gems.
I think Mr. Wong went wrong for hiring his right hand man and so forth. The whole senior management for this company is either family or friends. This can create a hostile working environment if they every get into a conflict at work or outside of work, which is not good for the business. I think if the proper segregation of duties were put into play I think it still would have been potential fraud involve. My reasons for saying this is because Mr. Ho is known for his style of leadership so even if the gems went though the proper process he had the final say in with gems were to be picked. Mr. Ho is known for making decisions with consulting with his colleagues. So, overall I think so fraudulent activity would have went down one way or another.
Discuss the company’s compensation plan contributed to the deceptive behavior. In this particular business the cash flow was booming. Everyone was buying
jewelry from teens to elderly people. Their biggest cliente was women of all ages. I being a woman myself do know that women love to shop for nice things jewelry being one of them. This company was making billions of dollars so I can only imagine that the pay and annual bonuses were nice as well. Like I said earlier people will do anything possible for greed. Even if the
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.
An ethical audit is important to establish the company’s current weaknesses and strengths concerning how it conducts itself in an ethical manner. An ethics audit will involve evaluating the company’s standard of ethic, it ethic climate, and how well the company’s employees follow ethical standards. One of the first things to evaluate in an ethics audit is if a company has a written code of ethics and how comprehensive it is. Moreover, the written code of ethics should apply to everyone in the company from the top down with a clear zero tolerance policy in place for ethics violations. Included in a comprehensive ethics code should be a method for
The one pattern within the data that appears to be inconsistent yet if the auditors had established an internal control systems would be Monus the founder moving so freely throughout every aspect of the company with no one checking his movements. From choosing what properties to purchase to purchasing supplies. In any company there should be segregation of duties. For example, the person making the deposits should not be the person writing the checks. Had there been stipulations made it would not have been so convenient to commit the
I began this book like most books, with great anticipation that it was going to be amazing, why else would a qualified instructor assign it. I assumed that it would be a shining example of the finest managerial principals in existence all compacted into a simple to read text with plenty of graphs and helpful handouts. I was certain that I would be a more effective leader for having read it. I spent time strategizing how I would write my paper with great enthusiasm. Then, I read the book.
M A R T I N L U T H E R K I N G J R .
It is without a doubt that the government of the United States has changed in the ethics department. Unfortunately, the United States has had its share of unethical leaders in its past, but nothing compared to the leader it has today. Many people affected by the actions of our leaders and it is very unfortunate that they are not taken into consideration of the challenging work they put to make this country great. The United States president and his group known as Trump Administration, are far from knowing or respecting the word ethics in any terms. Moreover, he has become a bully with power and does not care about the comments he makes, or who he offends. His behavior along with his administration are very unethical. Consequently, there are
According to Webster’s Dictionary, leadership is the power or ability to lead other people, the act or instance of leading. I believe that Leadership is an art, the art to get others to follow and accomplish a common goal or task in a harmonic manner. A leader can be shown in all kinds of shapes and forms. To be a great leader many people believe it consists of modeling the way, inspiring a shared vision, enabling others to act, and encouraging the heart. Over the course of me learning how to become a better leader and being in leadership roles, I’ve learned that all these are very necessary to be a great leader.
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.
It is only during moral lapses and corporate scandals that interest groups and the broader public ask themselves the fundamental ethical questions, who are the managers of the organization and were they acting with the ethical guidelines. For a long time, the issue of ethics was largely ignored, with organizations focusing on profit maximization. However, this has changed, and much attention is now focused on ethics management by researchers and leaders. The issue of ethics has arisen at a time when public trust on corporate governance is low, and the legitimacy of leadership is being questioned. Leaders are expected to be the source of moral development and ethical guidance to their employees.
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.
a) List the three elements and discuss how each of these elements is present in Anna Thomas’ fraud at Rusher Automotive.
Effective leadership approaches from a biblical perspective consist of God’s nature in his manifested character. Christian leaders are willing to pay the price to lead in Christ’s affliction. Paul said there is a price to pay in order to lead and Jesus reminded us, “Remember what I told you: 'A servant is not greater than his master. ' If they persecuted me, they will persecute you also. If they obeyed my teaching, they will obey yours also” (John 15:20, New International Version). Christian leaders need core attributes of God’s styles and approaches, support and linkage from scriptures, and knowledge of his leadership models of truth for effective leadership. However, these perspectives will gave me a better appreciation and insight of who God is and who I can be with his guidance.
Ethical leadership is leadership that is involved in leading in a manner that respects the rights and dignity of others. As leaders are by nature in a position of social power, ethical leadership focuses on how leaders use their social power in the decisions they make, actions they engage in and ways they influence others. Leaders who are ethical demonstrate a level of integrity that is important for stimulating a sense of leader trustworthiness, which is important for followers to accept the vision of the leader.
Leadership is by all means a special talent that not all people possess. A leader must also have ethics to be effective for the long term in the corporate world. These leaders generally implement ethical programs in order to influence an organizations climate (Yukl, 2010). I will evaluate the importance of ethical leadership and the role it plays into today’s organizations. In addition, I will discuss the repercussions a company may have when its leadership allows and even rewards unethical business practices. Lastly, I will apply my personal leadership perspective. My perspective will include the path-goal theory and ethical practices that I find important to
All in all, the results displayed by the analysis of each study correspond to the overall effort of the posed research. For example, supported results aligned with study hypotheses, but signified that certain mechanisms underlie the criterion for each of the tested variables on different levels according to Ashkanasy, Falkus, and Callan (2000). Whereas, Beeri et al., (2013)