...|FOR OFFICE USE ONLY | |SCRIPT NO. | | |LATE DAYS | | Leeds University Business School Assessed Coursework Coversheet For use with individual assessed work 200975766 Student Identification Number: Module Code: LUBS _____5002M_____________ Module Title: __Information and Organisation Design __ Module Leader: Andrew Robinson Declared Word Count: ____1492________ Asymmetric Information and Its impact upon the Market Function Introduction Financial market functioning is based on certain fundamentals and technical principles. Information about the market scenarios and the background activities are stated as the fundamental aspects of the financial market movements. If a deal is being carried out between two entities and one entity possesses additive information over another then this scenario reflects the actualization of an unfair financial transaction. The possession of additive information by one entity over another in the financial market is stated as information asymmetry or asymmetric information (Hughes, Liu and Liu, 2007). The current discussion includes the overall assessment of various theories that had been presented over the period of time and their practical application into the financial market in context of asymmetric information. In addition, the discussions carried out in the current essay also elaborate...
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...Leadership: Trustworthiness and Ethical Stewardship Northcentral University The problem to be investigated is the on-going debate of the ethical duties of leadership in business. The more focused questions and issues are: What is the ethical leader? What is the obligation of that leader? How does a leader create “buy-in” and trust within an organization? And Is a value-based system needed to create a successful business? James Carlopio described a leader in a recent article: ‘‘Today’s leaders must resist the powerful temptation of self-interest and must be motivated by broader values and principles ‘based on a morally established duty owed and a fiduciary obligation.” James Carlopio further explained that this ‘‘ethical stewardship’’ approach to leadership was essential if leaders expected to earn the trust of others (Carlopio, 2002, pp. 71–74). I strongly feel that leadership in any organization has a duty and are obligated to demonstrate the appropriate ethical stewardship in and outside of the business setting. Company stakeholders want to ensure that the organization is value-based. Stakeholders trust that every decision made is sound, ethical, and displays the company’s morals, values and mission. It is the duty of leadership to create an environment that cultivates all of the above. Lastly, leadership should be held accountable for unethical ventures and the message that it sends to its stakeholders...
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...Stewardship Essay By: Kristen Williams What is definition of biophilia? What does it have to do with life? What was the aspect from Wilson? There are so many questions that are to be asked and answers that would like to be brought to our attention. Let’s get to the point. The term biophilia means “love of life or living systems. It was used first by Erich Fromm to describe the psychological orientation of being attracted to all that are alive and viral. He was not the only person that used this term for the living system. Wilson used the same term in the same sense but he described it as “the connection that human beings subconsciously seek with the rest of life” Wilson also proposed the opportunity that the deep connection humans have with nature are embedded in our biology. When considering biosphere in economic terms, we take the attitude that nothing matters except what is important for humankind, or how we must provide some concerns for human nature or animal life. In the former example, we may discover that our actions has caused some species or environment loss that would have helped us to better reserve our value of life, even improved it affectedly. In the case of the letter I wrote to those who do not take our environment seriously, I point out the most environmental issues that we have in our environment. The issue that I was discussing was about the pollution. Pollution contributed to our health and has a low quality in life. Pollution is the air we breathe...
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...Trustworthiness and Ethical Stewardship The problem to be investigated is to address the relationship between “leadership behavior, perceptions about [a] leader’s trustworthiness, and the ethical duties” (Caldwell, Hayes & Long, 2012, p.497) associated with interdependent leadership style. As this author reflects upon the different leaders that he has served under over the past forty years, the good ones were epitomized by assigning responsibility and expecting subordinates to live up to those responsibilities, keep their word, and being congruent in keeping their own. On the other hand, the worst leaders were characterized by being unfaithful in keep their word, appearing not to care about those that worked for them, in being mediocre in their jobs, and tolerating mediocrity in others. This author realizes that principles are not established by individual experience, but the findings of Caldwell, Hayes, and Long, among others, empirically support the subjective experience of the author. Ethical Stewardship The idea of ethical stewardship is presented in Caldwell et al. (2010), who indicate that there are leaders who strive to “maximize long-term wealth creation” through “creating relationships that maximize stakeholder ownership and commitment” (p.501). Ryan, Buchholtz & Kolb (2010) reviewed research drawing from stewardship theory and “its assumptions of executive good will and firm-interest-maximizing motivation” (p. 681) in discussing relationships between CEOs and corporate...
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...Environmental Stewardship After scanning the headlines, obituaries, and world news sections, a wife tosses her Sunday newspaper into the wastebasket. Moments later, when her husband sees the discarded newspaper and inquires about the scores from last night’s ball game, she quickly pulls up The New York Times application on her smartphone to recite the information he is looking for. In another home, a young boy squeals with delight as he discovers Styrofoam peanuts were used to package the birthday gift that his grandmother had shipped to him. A group of teens toss their soda cans into the garbage after the high school football game. Scenes similar to these play out around the world every day, and un-necessary waste is being created. When creating the earth, God provided for human beings a beautiful dwelling place equipped with all the resources needed for survival. In Genesis 2:15, God’s intention for man to care for the earth is revealed when He puts Adam “…in the Garden of Eden to work it and take care of it” (NIV). The condition of the earth today and the declining availability of natural resources speaks of the careless ways of past and present generations in regards to the environment. In being a good steward of God’s creation, Christians bear the responsibility of working to reduce waste and educating others about the importance of environmental preservation. The Environmental Protection Agency defines waste as, “Any garbage or refuse, sludge from a wastewater treatment...
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...their sustainability principles and broad plans for implementation. In the 1980s the environmental concerns were primarily pollution control and prevention with a focus on reducing emissions from existing manufacturing processes. During this period the company made significant improvement in pollution control and prevention, risk management, and facility improvements such as reducing toxic materials and emissions. In the 1990s the focus shifted to product stewardship, which emphasizes earlier intervention to minimize environmental impacts associated with the full life cycle of a product. The product stewardship function focused on developing global processes for tracking and managing regulatory compliance issues, customer inquiry response systems, information management, public policy shaping, product take-back programs, green packaging, and integrating “design for the environment” and life cycle analysis into product development processes. Today the company realizes that pollution prevention and product stewardship have become baseline market expectations and that to be an environmental leader in this century, a company needs to integrate environmental sustainability into its fundamental business strategy. This company realizes that it must redefine its core business utilizing the principles of the 3 “E’s”: Environmental, Economic and Equitable (social) sustainability. The reasons...
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...Foundation of Ethics: Virtue and Values Evaluate Ethical Perspectives on Social Responsibility Submitted to Northcentral University DEFINING THE CONCEPT OF SOCIAL RESPONSIBILITY Depending on whom you ask, the concept of social responsibility may mean different things. However, within an organizational culture, social responsibility refers to ethical practices that benefit the greater society and simultaneously benefits the health of the organization. The concept of social responsibility is an ideology of ethical behavior that upholds that people and stakeholders should act in the interest of the greater collective good. Typically, social responsibility addresses the ethical obligations of organizations to sustain the law, while complying with environmental and social regulations that are sustainable for economic development. Stated simply, social responsibility is management’s interest in the welfare of the society in which it conducts business. It is a concept whose inception can be traced by to Peter Drucker, known as “The Father of Modern Management.” His realization that workers should be treated as a resource was ground breaking in the corporate world. Drucker defended the concept of proper corporate social responsibility to the point of turning a social problem into economic opportunity and productivity, while creating well paid jobs performed by competent people. William A. Cohen, a Drucker graduate and author of the article What Drucker Taught...
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...Human services' extended utilization of innovation and expanding capacity to scatter data with the push of a catch requires that associations consider information stewardship at the neighborhood level. HIM experts impact how information are overseen and scattered, and in this manner, they have an obligation to advance proper social insurance information stewardship standards. The American Medical Informatics Association characterizes information stewardship as the "obligations and accountabilities connected with overseeing, gathering, seeing, putting away, sharing, revealing, or generally making utilization of individual wellbeing information."1It advance expresses that "standards of information stewardship apply to all the work force, frameworks,...
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...Good Stewardship Today Means a Brighter Future Good stewardship over the limited resources that have been entrusted to us today can have a long-lasting impact. Not only is it important for someone to be able to recognize when they have poor financial habits, it is even more important to educate someone to achieve financial freedom. It’s easy to follow our inclination toward acquiring “stuff.” However, when we are obsessed with stuff, we miss what’s really important and end up struggling financially and emotionally. Financial bondage is a serious problem that is easy to get into; getting out is much harder. First, children and young adults should be taught at a young age to manage their finances. I believe young adults (including Dalat students)...
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...Leadership, Trustworthiness, and Ethical Stewardship Leadership, Trustworthiness, and Ethical Stewardship The problem to be investigated is to identify the correlation between leadership, trustworthiness, and ethical stewardship. Leadership is the epicenter for any group or organization. In order for an organization to be successful it is imperative that the employees trust the leaders. This trustworthiness will allow the leader to be identified as ethical stewards. Caldwell, Hayes, and Long (2010) contend that these ethical stewards can direct an organization’s efforts toward fortune for all stakeholders. Leadership In understanding leadership’s role within an organization, its role must be clearly defined. There are many definitions of leadership. Each definition has its own characteristic based on the perspective of the individual providing it. Lussier and Achua (2004; as cited by Caldwell, Hayes, & Long, 2010) define leadership as “the process of influencing leaders and followers to achieve organizational objectives through change” (p. 5). This translates to mean that the leader must have the ability to make decisions that will be beneficial for the organization and not promote their own self-interest. Their decisions will impact many different stakeholders such as the company, venders, customers, economy and themselves. In order for the leader to be effective in making decisions they must have specific skills. These specific skills include project management, technical...
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...Leadership: Trustworthiness and Ethical Stewardship MGT7019-8: Ethics in Business Northcentral University Dr. Jo Ann Davis November 12, 2012 Leadership: Trustworthiness and Ethical Stewardship The problem to be investigated is the correlation linking the components of leadership, trustworthiness, ethical stewardship, and their effects on sustainable organizational culture. This paper will identify both the similarities and differences between the practices of those who have influence over the decision making process pertaining to the ethical issues faced by their organization. In addition, this essay will present an evaluation of the measures that a business may take to meet ethical considerations relative to social performance, financial performance and reputation. Finally, the paper will provide an assessment of the degree to which social, ethical and public issues should be considered regarding both internal and external shareholder connections. Among the international business market, the significance of comprehending the associations connecting management behaviors, awareness regarding manager’s trustworthiness and the moral duties inherent in the psychological bond are becoming progressively more important (Caldwell, Hayes, & Long, 2012). It is increasingly acknowledged that one’s moral character and competence are important prerequisites of the trademarks for leading with integrity and having the ability to build trust in organizations (Harrington, 2010)...
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...e-store and was the first ladies footwear and accessories retailer to launch an online shop in Singapore. The brand remains committed to Corporate Social Responsibility, supporting Humanitarian Causes, Human Excellence and Environmental Initiatives. Collaborations with international charities through the years include World Vision, Meat Free Monday and the United Nations Entity for Gender Equality (UNWOMEN) and Breast Cancer Foundation. Charles and Keith had several fund raising for women relating aid. This shoes that Charles and Keith probably wants to reach to the women by supporting them and in return gain their favor and buy their products. Since 2010, the brand has also taken steps to reduce their carbon footprint by using Forest Stewardship Council (FSC) certified paper for all their shopping bags and...
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...Ikea, the international retailer of furniture and household goods, has a reputation for low prices and fresh, innovative design. However, it is also keen to develop a reputation for environmental stewardship and sensitivity to social issues. The Ikea Group of Companies has around 150 stores in 22 countries. It was founded in 1943, and in 2001 had a turnover of 11.3 billion euros. It employs 70,000 people, and purchases its raw materials from more than 50 countries, principally China, Sweden, Poland, Germany and Italy. Most of Ikea's sales take place in Germany (21%), the USA (13%), the UK (12%), France (9%) and Sweden (7%). In September 2000, Ikea launched The Ikea way on purchasing home furnishing products, a three-page 'code of conduct' for its 2,000 suppliers, focusing on working conditions and environmental impacts (see below). As a first step, suppliers were asked to return a questionnaire to ascertain how well they already complied with the code. External auditors have been appointed to carry out more detailed reviews and to verify the information provided by Ikea's suppliers. Where shortcomings are identified, the companies will be asked to put in place an action plan to remedy them. The code warns suppliers: 'Repeated violations of IKEA's requirements will result in the termination of co-operation.' Ikea has also shown itself not to be shy of working with lobby groups. As long ago as 1991, it collaborated with Greenpeace to find a way of printing its catalogues on...
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...and find solutions that are ethical, sustainable or user-friendly, thus convince societies to adopt these steps. Every leading social entrepreneur (Bill Gates/ Richard Bronson) are visionaries that are concerned with profit maximization but also the welfare of the public. Social entrepreneurship shapes the frontiers between the profit- oriented sectors and the non-profit oriented sectors as social enterprises can vary from for-profit community development organizations such as hybrid organizations which have both profit and non-profit elements. This is so because of the different traditions of social entrepreneurship in different parts of the world. Some examples of non-profit social enterprises are the Forest Stewardship Council (FSC), BRAC (NGO) or the Marine Stewardship Council (MSC) and some examples of profit oriented social enterprises are the Grameen bank in Bangladesh and SELCO. A good example of a social entrepreneur is Jordan Kassalow. He is the CEO and founder of VisionSpring. VisionSpring is a non-profit organization which was founded in 2001and its aim is to reduce poverty, provide job opportunities to the poor and provide affordable and low price eyeglasses in developing countries such as Bangladesh, India and Mexico. Currently, VisionSpring helps thousands of poor people by providing jobs and create access to vision...
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...to add onto their current supply to keep up with the expansion. Ikea alone uses almost 1% of all wood used commercially around the world. The company said it plans on becoming “forest positive” by 2020, meaning that, despite its continuing high demand for timber, it intends its business to have overall positive effect on the world’s forest. What does this mean? The commitment of this approach means it will be growing at least as many trees as it uses to make products by 2020. Ikea also intend to become of the biggest and most certified wood user and recycled wood products. The largest challenge to this strategy is that the company is dependent on this strategy entirely on its relationship with one global certification scheme, Forest Stewardship Council (FSC). Also, many environmental groups are claiming that Ikea is willfully deceiving its customers and...
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