The boundaries of moral and ethical behaviors are defined by the expectation of their respective eras. In this regard, the essay aims to address the evolution of the tenets of morality and ethics in business…
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These ethical standards governing the existence of human life encompass diverse realms of endeavors including business entities. As businesses comprise a greater majority of the world’s human activities, the importance of studying ethics come as a necessity rather than a matter of natural occurrence.
During the 1990s, the study on business ethics have been clearly structured and formalized through acknowledging it as a necessary part of business operations. Ferrell, Fraedrich & Ferrell (2009, 6) define business ethics as “the principles and standards that guide behavior in the world of business”. In the field of accounting, for example, Smith & Smith (2010) indicated that ethical issues were clearly identified in its practice as evidenced by the book written by Michael Josephson describing the “Ten Universal Values, as follows: honesty, integrity, promise-keeping, fidelity, fairness, caring, respect for others, responsible citizenship, pursuit of excellence, and accountability” (Smith & Smith, 2010, par. 10).
Likewise, with organizations venturing in international markets, the tenets of moral and ethics need to encompass standards and guidelines which widen the jurisdiction of business ethics internationally. As averred by Enderle (1997), “business ethics is an emerging and dynamic field, depending strongly on economic factors, but also on political changes and a growing awareness of value conflicts and ethical and environmental demands” (1475).
Business ethics discusses the concepts on leadership and management where managerial responsibilities for the conduct of subordinates need to conform to ethical codes for guidance and compliance. The study of ethics give direction to promote the ethical behavior expected of stakeholders in the business setting. It assists individuals and groups in understanding the ways to cope and address conflicts
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Traditional conceptualizations categorized leadership styles into three distinct categories. These are: democratic, autocratic and laissez-faire. This categorization is greatly associated with Kurt Lewin and his fellow researchers (Hill & McShane, 2006). Different situations require different leadership styles.
Leadership is the ability to lead a group of people or an organization. In essence, it involves the establishment of a clear vision, with a clear vivid picture of the destination, and a grasp of success and how to attain it. Secondly, the vision should be shared with others so that they can willingly follow (Northouse, 2009).
Defining the characteristics is indeed a complex process as it associates the notion of solution to diverse problems with varying intensity. In today’s world of cut throat competitive business environment organizational leadership is a huge area of study because proper leadership can uplift the performance of an organization from grass root levels to sky rocketed acceleration.
Leadership style: Autocratic. In this case, an urgent need to lay off followers is needed to avoid further dropping of company’s revenue. It needs a leadership that overrides emotional connection between the leader and the followers to avoid degeneration of
Many of these leaders have accomplishments and they have records in history as being some of the most remarkable leaders (Lussier and Achua, 2009). For example, Malcolm X was one of last century’s most pragmatic of leaders and his deeds are thus
This is understanding and controlling one’s emotions in equal proportion to understanding the emotional state of others. La Toya Jackson was fired from the show in 2011. La Toya allowed her ego to drive her
Democratic style of leadership is the direction which law enforcement leaders ought to take. Superior law enforcement leaders necessitate taking long-term, tactical views when mounting budgets as well as policies.