Dave A Johnson Bus-340 Ethical & Legal Issues in Business The Legal, Ethical, and Technological Conerns in Business November 20, 2011 The legal, Ethical, and Technological Concerns in Business Introduction The domain of business ethics describe the ethical responsibilities and set the moral boundaries in perspective of doing the particular business in the particular scenario. Furthermore, the domain of business ethics also analyzes
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Case 1 ENRON: WHAT CAUSED THE ETHICAL COLLAPSE? case summary | Kenneth Lay, former chairman and chief executive officer (CEO) of Enron Corp., claimed to be a moral and ethical leader and exhorted Enron’s officers and employees to be highly ethical in their decisions and actions. In addition, the Enron Code of Ethics specified that “An employee shall not conduct himself or herself in a manner which directly or indirectly would be detrimental to the best interests of the Company or in a manner
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the right thing and always remain ethical in all aspects of life; Ethics is base on the norms like truthfulness, honesty, integrity, respect for others, fairness, and justice. Ethics play a role in all aspects of life like business, restaurant at all part of life ethics come in to play. When it comes to hiring a person ethics play a role, should you hire someone because they qualify or because of the color of their skin, school the went etc. Now remaining ethical all depends on how the person chooses
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In this paper, I will briefly describe the transformational leadership style and the moral leadership style. Next, I will compare and contrast how a city manager embodying each style might respond to the management dilemma in the scenario, "A Matter of Style." Lastly, I will explain at least one insight you have or conclusion you can draw about leadership styles and/or approaches as a result of this comparison. A transformational leader is one that has the ability to change the culture of an organization
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employees to report wrongdoing when the issue of of a legal nature, as compared to wrongdoings that have an ethical issue to them. The legal wrongdoing is clearer and therefore the whistleblower has less confusion in the matter. Additionally, the whistleblower may feel that they are legally responsible if they do not report the behavior or incident (Tsahuridu & Vandekerckhove, 2008). Ethical wrongdoing is mercurial, leaving the issue open for translation, if it is not clearly stated as wrong
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be socially responsible and ethical? In this chapter, we’re going to look at what it means to be socially responsible and ethical and what role managers play in both. Focus on the following learning outcomes as you read and study this chapter. LEARNING OUTCOMES 5.1 Discuss what it means to be socially responsible and what factors influence that decision. 5.2 Explain green management and how organizations can go green. 5.3 Discuss the factors that lead to ethical and unethical behavior. 5.4
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Businesses and organizations should implement good uncompromised ethical practices, policies and procedures in order to obtain a positive reputation and to be successful. Employees are faced with many personal ethical decisions on a daily basis; a wrong decision could lead to stress, a bad reputation from colleagues or retaliation from management. Organizational leaders should build trust with their employees, display integrity and good ethical business practices. This was not the case with Valerie Young
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1. Understanding the links and differences between management and leadership 1.1 Discuss the concept of leaders as effective managers Leadership and management go hand in hand but is not the same thing, but are linked and compliment each other. There has been debate about the difference between leadership and management. With some believing there is no distinction, while others that they should be separated in two defined roles. A common definition is: Management is about the
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Introduction Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner that are consistent with the principles of ethics and professional behavior (Blink, 2015). When making decisions, organizations often require commitment, consciousness, and competence. One interesting aspect of ethical decision-making is that they are not only morally “correct” but they are also effective. In other words, ethical decisions generate and maintain trust, demonstrate
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expectations have pushed corporate decision makers into murky waters when deciding which course of action to take. In an era of instant communication, public distrust, and a multitude of variables to consider before making a decision, leaders must have some form of guideline to help them make choices that reflect responsibility and accountability. The creation and implementation of an official corporate governance policy and internal practice will lead to these critical decisions being made with the good of
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