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Refrace week2-1rem9 - Essay Example

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They claim that these factors include such things as the particular scenario or context ; the people involved or present; and the perception of freedom to make the ethically correct decision. According to Jennings (2006) it is not a lack of knowledge about ethics in a business setting that is the difficulty, but the fact that leaders in industry find themselves lacking in the necessary moral fiber to cope with the pressures they meet when attempting to do what they really know what is correct. Beggs and Dean (2007) advocate that in order to deal with this adverse situation business leaders require training in the practice of business ethics in a variety of situations and subsequent the making of relevant decisions. In 1992 Badaracco focused upon four types of morality for leaders in their many faceted lives.:-. Commitment to ethics in private life Commitments to ethics as economic agents, to people such as stakeholders, but also workers who need employment security , and to clients. Commitments to ethics as company leaders Ethical responsibilities in wider society. In short, a business leader should be bound by an ethical code in whichever of his various roles he is operating. On a similar point Gick (2003) stated that it is a combination of several different factors which influence both the morale and the code of ethics adhered to. He cited the situation of the person, the circumstance in which he finds himself, as well as any shifts in society and culture, as being among factors which

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could have an impact upon a person’s ethical decision making. Just think back over the past half century or so and consider how attitudes have altered about such things as apartheid, women’s rights and equal pay for example. Backing this up Kelley and Elle (2003) stated that values held and attitudes, including the perceptions of what is actually happening, are influences upon the cognitive development of an ethical response to a particular situation or problem. According to Reed (1999) people in leadership may look for clarification as to the most appropriate behavior in particular contexts. A leader may turn towards the most important person he can find who has some association with the particular situation, when both trying to understand the ethics involved ,and also its relevance to decisions to be made. Gick (2003) points out how the ethics involved and the decisions made can depend upon the particular organization and the person’s position in it. These he says have their impact upon the ethical principles adopted by both individuals and the group as a whole. Dang and Mescher (2010) have also described a variety of factors related to the ethical patterns taken up by top management. It is stressed how important it is that responsible corporate directors understand ethics and its various components. These are similar issues to those discussed by Small (2011). He focuses upon management based upon wisdom and morality, and describes the difficulties corporate directors have in to observing ethics in all areas. They must be bound both by national and international law, as well as the rules of their particular organization. It is possible of course that the legal experts within a company will be responsible for keeping within the letter of the law. There are however always situations in a company where an ethical framework , rather than a legal one is
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SALEH ALOTHMAN Week 2: Discussion Word Count: This week the topic for discussion was the importance of ethics among top management and how it can impact, both positively or negatively, the stability and growth possibilities of the particular company. Morality in business is a difficult subject for many in management…
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