Business Ethics Samuel .A. Amah Columbia Southern University Abstract The reflection paper critically examines business ethics, leadership, and business relationships and how they are interrelated and contribute to an organization’s overall culture. Key highlights include; the impact of trade relationships within an origination, how different leadership style affect ethical practices, effects of ethics on the overall culture of an organization, writers approach to business ethics and
Business Ethics and Virtue Ethics There are many things that make a company unique and successful. The liberty of working in an organization in society today is that, companies are filled with many different individuals from all ways of life. It’s these people who bring something new, innovative and exciting to their line of work and often times you will find positively affect the others around them. Within my military profession it is the leadership and the culture of our environment that makes
Business ethics, business relationships and leadership make immense contribution towards influencing an organization’s overall existing culture. They all play a key role in an organization 's development, success, and achievement through various aspects. There are numerous ways in which business ethics, business relationships, and business leadership affect an organization’s culture. These impacts can have either positive or negative repercussions. Some of the ways through which the business culture
benefits of ethical leadership; having a positive corporate reputation, ethically empowered employees, increased quality, and higher customer satisfaction. Ethical leadership will benefit an organization, because it creates a healthy ethical environment, and culture which produces a positive corporate reputation. This will foster employees that; appreciate that ethics is important, recognizes and discusses ethical concerns, works to resolve ethics issues at the lowest level, sees ethics as part of quality
Enron, a Discussion on Ethics and Law Leadership’s Role in Ethical Dilemma As documented in a promotional video for Enron, Kenneth Lay states: “Enron is a company that deals with everyone with absolute integrity. We play by all the rules. . . We want people to leave a transaction with Enron thinking they have been dealt with in the highest possible way, as far as integrity and truthfulness and really doing our business right.” (Enron Vision and Values, 1998, 3:32) Whereas this message was intended
Common Ethics Misconceptions Trevino & Brown (2004) in Academy of Management Executives talked about the five business ethics myths. 1. It is easy to be ethical 2. Unethical behavior in business results from bad people 3. A formal code of ethics is the easiest way to manage them 4. Principled leadership revolves around your leaders 5. At one time, people appeared to be more ethical Pundits and business leaders say being ethical is straightforward when being ethical is complex
Zappos.com, the company has seen enormous progression including a union with another online leader, Amazon (About Zappos, n.d.). At Zappos, the company’s success is based a culture in which the employees are valued. Although the culture is unique, the group at Zappos enjoys the creative and sometimes uncanny environment within the company. The leadership believes if the employees are happy, rewarded, and appreciated at their job, then this will trickle over into the great customer service that exists
fresh-roasted, gourmet coffee beans and brewing and roasting accessories. The company’s total revenue for 2013 was $14.8 Billion Dollars. Today, they have more than 21,000 stores in 65 countries and is the premier roaster and retailer of specialty coffee in the world. The company expects to expand to more countries and open more stores in the future. In this paper, I will discuss Starbucks Organizational Culture that has led to its phenomenal success, the effects of managements’ decisions
was bankruptcy in December 2001, and became the largest bankruptcy case in American history. It was a long-term influence on media and stock market that ‘shocked America’ (JE. Stiglitz, 2003). There are many cause lead Enron to fail, in this report only focus on responsible management part, which ethics and social corporate responsibility, leadership, planning, and organization culture. Enron would be read as the demise not just of one firm, but relate to entire economic model’ (Henwood. 2005, p
Enron Leadership One of the best examples recently seen relating to bad leadership is what took place within Enron. Throughout the late ‘90’s, Enron, an American energy company, was considered one of the country 's most innovative companies; while the company continued to build power plants and operate gas lines, it became better known for its unique trading businesses (npr.org, 2014). It can be described as the ideal company for the dotcom-driven stock market boom of the '90s; Enron threw itself