Unit 1 Sample Business Topic Research Paper

Unit 1 Sample Business Topic Research Paper - Ethics the...

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Ethics, the Core Characteristic of Business Leadership BU483 Independent Directed Study III Instructor: Blake Escudier By (Author) 1/1/2010
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1 Abstract The aim of this paper is to examine and evaluate how ethics is the central and most important part of effective leadership. There has been so much research conducted by many moral philosophers and business experts on how to make ethical business decisions but many of their theories contradict each other leaving managers confused about how to guide their conduct when faced with ethical dilemmas. Managers are also challenged because they do not know how to communicate ethics to the workforce. Many corporations such as Enron and WorldCom have collapsed due to misconduct from their leaders, thus employees have lost trust in their managers as well. The paper presents a simple way to encourage everyone to guide their conduct with integrity and honesty. It explains that a successful organization is not all about profits but also about how leaders create a prosperous organization by making effective ethical decisions that will create a sustainable organization for the long-run that will stand strong against the fierce competition that globalization has created with the full cooperation of its employees and the support of its shareholders. In conclusion, the paper focuses on explaining that ethics is at the core of business leadership and without it organizations will utterly fail.
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2 Ethics, the Core Characteristic of Business Leadership The famous American author Mark Twain (1835-1910) once wrote to the Young People’s Society at the Greenpoint Presbyterian Church, “Always do right; this will gratify some people and astonish the rest and if doing right is so great and wonderful then why is it so hard to do the right thing especially for our business leaders and managers in organizations? Some might argue a lack of knowledge about the law. Others may say is just lack of ethics on an individual ’s part, or both. The lack of ethical behavior seems to be diminishing as the years go by in our business firms and across society. Therefore, today is necessary to go back to basics and recover the value and integrity that is needed to distinguish and redefine what is right and wrong or how one ought to or ought not to behave. Dr. Williard C. Butcher, chairman of The Chase Manhattan Corporation, gave a speech to the 1987 graduating students of the A.B. Freeman School of Business Commencement in New Orleans, and told them that managing an organization meant more than just increasing profits; it also involved the need to incorporate ethics in every decision made for the success of the organization and its stakeholders and that leaders that lack an ethical foundation will ultimately fail. This was seen in the collapse of Enron and WorldCom that continue to be the most discussed scandals of the past decade where leaders engaged in unethical acts losing sight of their values, integrity, and honesty that stimulate ethical reasoning and behavior within their organizations.
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