In discussing leadership, it is important to note that not all leaders or managers are alike. Moreover, the environments in which these managers or leaders function play a significant role as to the impact of legal and policy issues. For example, I work for a global organization that operates in more than 160 countries and jurisdictions. The basic policy and legal issues that governed me as a manager domestically also govern managers that work overseas. However, those managers are required to be mindful of additional policy and legal issues for the countries in which they operate.
All employees are required to attend annual training on topics such as compliance, fraud and anti-bribery. Moreover, the company sends out reminders during the holidays …show more content…
One could argue that the answer depends on the person making the decision as well as the decision being made. However, in discussing ethical decision-making, much consideration is placed on the decision-making process rather than the decision. Consider our readings and case studies on ethical decision-making frameworks i.e. consequentialist versus non-consequentialist theories. According to Michael Roberto’s article, “Why making the decisions the right way is more important than making the right decisions” (2005), managers and leaders should be empowered to focus on determining the right process to make the right decision versus finding the right solution to a problem. Rather than fixating on what decision to make, managers and leaders should consider how they should go about making the decision. “Leaders who answer the “how” question correctly often experience a profound improvement in their decision-making effectiveness” (Roberto, 2005, para …show more content…
Additionally, leaders have indirect responsibilities to the stakeholders to insure that the company is profitable, full disclosure of appropriate information, business transparency and in compliance with the company’s code of ethics. When the leadership acts unethically, it negatively impacts the stakeholders. Consider the lessons learned from the Enron scandal. “In particular, Enron provides one of America’s most striking examples of stakeholder neglect” (Neal & Cochran, 2008, p.1). We are talking about Corporate Social Responsibility or CSR. The World Business Council for Sustainable Development defines corporate social responsibility as the “continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Baker,
All employees are required to attend annual training on topics such as compliance, fraud and anti-bribery. Moreover, the company sends out reminders during the holidays …show more content…
One could argue that the answer depends on the person making the decision as well as the decision being made. However, in discussing ethical decision-making, much consideration is placed on the decision-making process rather than the decision. Consider our readings and case studies on ethical decision-making frameworks i.e. consequentialist versus non-consequentialist theories. According to Michael Roberto’s article, “Why making the decisions the right way is more important than making the right decisions” (2005), managers and leaders should be empowered to focus on determining the right process to make the right decision versus finding the right solution to a problem. Rather than fixating on what decision to make, managers and leaders should consider how they should go about making the decision. “Leaders who answer the “how” question correctly often experience a profound improvement in their decision-making effectiveness” (Roberto, 2005, para …show more content…
Additionally, leaders have indirect responsibilities to the stakeholders to insure that the company is profitable, full disclosure of appropriate information, business transparency and in compliance with the company’s code of ethics. When the leadership acts unethically, it negatively impacts the stakeholders. Consider the lessons learned from the Enron scandal. “In particular, Enron provides one of America’s most striking examples of stakeholder neglect” (Neal & Cochran, 2008, p.1). We are talking about Corporate Social Responsibility or CSR. The World Business Council for Sustainable Development defines corporate social responsibility as the “continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Baker,