Wells Fargo Accounts Scandal

If I could choose between being at my desk and not being bothered versus walking around talking to my employees, I’d chose the solitude at my desk. But, because I know how important it is for good leaders to have relationships with their people, I force myself out of my chair to develop those relationships. I struggle committing to find a mentor for myself. The thought of me needing to look for someone with a bigger title than mine and always having to be the one to drive the conversation sounds exhausting to me. However, in order for me to learn from other leaders, I need to embrace mentoring relationships and develop a plan of action to ensure successful mentoring relationships.
B5. How Goals Support Growth Understanding the person, …show more content…
If you do not have integrity and expect integrity of your people, you and your company will fail. Three consequences of unethical decision making are failed businesses, loss of employment of the individuals involved, and an untrusting market that loses trust in the system itself.
C. Business Scenario
The business scenario that is in the news today which demonstrates ineffective leadership is the Wells Fargo Accounts scandal. It seems the leadership in that scenario was more concerned about making sales, than about meeting the customer needs or supporting the employees that were supposed to provide service and products needed to customers. The company leadership did not lead with integrity and honesty and dishonesty and carelessness seems to have been modeled down to the pipelines of employees.
C1. Justification In the Wells Fargo Account Scandal, management most likely used the transactional leadership theory. The transactional leadership theory rewards compliance of the rules in place and punishes non-compliance of the rule. The transactional leadership theory is used to deliver results in a process that has been implemented with no space for variation. Instead it focuses on the follower to find faults or deviations from the