Making a business decision for any CEO is easy, the main principle is to keep the shareholders happy by generating more revenue. The more money a company earns the more attractive it looks to the potential investor. Now, from history, we have learned that every CEO is "not" created equal and some use bad business practices to earn more revenue. So, laws were created to set guidelines, companies started to use risk assessment to see if a decision would lead to any legal recourse that would make them a liability, or put them in fault. Not until I took this class did I not realize that there is no one law for every decision that must be made in a business. Thus, the need for ethical decision making. Ethics is described as a normative, because is rely on our reasoning of how we should act. How we think we should act is heavily influenced by our morals and personal integrity. Norms are normal behaviors but what may be normal or what my values are may be different from yours. Therefore, in business, it is important to create good ethical values as set standards. Not only does this create personal responsibly but also aware of social responsibly. This way if someone had to make a decision because they understand the values their reasoning should be ethical. Reasoning can be practical which deals with what we should do and theoretical dealing with what we believe we should do.
Making decisions can be hard, so there is an ethical decision-making process you can follow. We may
Leadership and Ethical Decision – Making
Richard Garner
INTD670-1301A-06
Leadership and Ethical Decision – Making
Dr. Lisa Smart
January 14, 2013
Phase 1 Individual Project
Abstract
Ethics are principles that are kept throughout one’s life so that he/she maintains a respectable level of honest value. Based on my moral outlook on life, my view of ethics may differ to that of many in this class. The reason for that is ethics partially depends on the individual feelings of a given situation
new society and world of business. The way the world keeps changing from year to year is the reasoning for the different approaches to management systems. Research has shown a big change in just three years and still continues today, by becoming experts to working in teams and focus on putting their clients with great service. The CEO would also, come to each SunTrust Bank to stay in touch with team member on how to connect with clients. Team members were pushed in making more sales to promote a profitable
Jacque Hartnett
1. Why was the CEO going ahead with the dismissal when he did? The CEO probably felt this was his only opportunity to get rid of Dr. Dulac before the chairman came back from vacation. Just because the chairman was friends with Dr. Dulac and also a patient of his, the chairman should have put that aside because they are running a business. Sometimes being friends and engaging in business does not coincide with one another. Dr. Dulac wasn’t fulfilling
traded firms, CEOs are agents of the shareholder, and by virtue of them being in that role, their primary fiduciary responsibility is to watch the interest of the shareholders and maximize the returns to the shareholders. Inasmuch as that, all decisions from the managers of these firms have to be for one and only one purpose – maximizing the shareholder’s profit. These include decisions that authorize spending of the firm’s money on activities of Corporate Social Responsibilities (CSR). Any act performed
theory to use when making business decisions, and why the liability should fall on the people regulating the market interactions, not the producer of the products. Second, I will come from a different angle and analyze the objections that some people may have about the Stakeholder theory. Last, I will analyze the ethics and consequences of taking a different course of action as the CEO of Ford. By the end of this paper, you should have an in depth understanding of why the decision to go ahead with
play a major role in any organization because they influence the behaviors. Over and above, they impact the performance, which is the most critical factor in the growth of that organization. Job satisfaction is known as the feelings of employees about their jobs. Apparently, whole Foods Market emphasizes on positive emotional reflections, work environment, the quality of supervision, and the work itself in order to achieve job satisfaction.
In the first place, John Mackey, the CEO of Whole Foods Market
and Joe reports directly to her. John is the President and CEO of the company and the immediate boss to Mary. The other stakeholders are the general employees of this big company and among them anonymous letter writer. Since this is a computer company, the other stake holders are the customers and the community at large.
The Division Manager Mary has
WEEK 6
Business Ethics Simulation
1. What should CEO Werner say to the Division Chiefs? Is the decision ethical? Why or why not?
I think from looking at and seeing the three choices, I would tell the Division Chiefs that: "With what is going on a lot of companies are doing business with China right now. How do you be different and get around the problem?" I don't think that this decision that was given is ethical because it is the senior officers of the company that are making the ethical
well as disadvantages if he/she is chosen to become the CEO.
Recently an increasing number of company boards have decided that in order to best serve shareholders it is prudent to promote the CFO to CEO. CFOs themselves remain reticent about any personal ambitions beyond the CFO role - at least in public. But given this recent string of high profile promotions there is an increasing recognition that they have what it takes to take over the CEO role. To understand why CFOs are more frequently getting
ASSESMENT 1: CASE STUDY – 3599603 (James Xanthis)
HealthCo has created many problems from its “dark ages” attitude toward management. This has occurred due to a very routine way of operation where what the CEO says goes, and input from staff is brushed off as “the CEO can’t see a reason to change.” This autocratic management style is leaving staff feeling unvalued and just another “number”. Staff are wanting more interaction with management and a more flexible way