Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Question :Charles O. Response

Respond with 150 words with 1 reference and with 1 direct question

For most of the history of leadership studies, researchers focused primarily upon empirical questions concerning the nature of leadership; the focus of ethics in leadership was mostly an afterthought (Palmer, 2009). From a historical viewpoint this is certainly fathomable. It was and still is in most circles accepted that a business or corporation exists solely to maximize profits (Arnold, Beauchamp & Bowie, 2013). It is easy to see if this was the accepted axiom that ethics in leadership would exist more on an individual level as opposed to on a general one. It is hard to imagine stakeholders or employees questioning the ethics of the leadership when a company or organization is successful and the majority affiliated are satisfied.

When Milton Friedman made the quote previously mentioned regarding maximizing profit, it was prior to the Enron and WorldCom disasters, along with the housing disaster in 2008. Since these events, much more media-driven, political, and academic attention has been paid to ethical leadership (Palmer, 2009). While it is very difficult for one to take the opportunistic political focus seriously, especially considering how much those same people benefit from these disasters, it is notable to consider what the academic world has to say due to their reputation and credibility being on the line amongst their peers.

In any event of a collapse of an organization, the attention will always remain on the leadership at the helm. Whether that leadership is innocent or oblivious is not a factor. They are in charge. This illuminates how critical it is in contemporary times for leaders to remain aware of all pertinent operations within an organization, and to maintain a sense of ethics in their role as leaders. Leadership is subjective in nature; there are hundreds of definitions (Palmer, 2009). Ethics are more in line with fundamentally accepted morals. It is unethical to lie, cheat, steal, and to treat others in a way they would not want to be treated. Unlike the nature of leadership, these are not up for debate.

So, ethical leadership is adhering to the moral standards already in place. Also, although somewhat vague, ethical leadership involves doing the right thing regardless of the consequences. Drucker described management as performing a task right, and leadership as doing the right thing (Kouzes & Posner, 2012). That definition of leadership can be tailored to fit ethical leadership by adding that leadership is doing the right thing all the time, or by putting the interests of the company or organization as a whole above the personal interest of the leadership. The importance of this is obvious when one considers the livelihood and future of those belonging under one''s leadership. An ethical leader should consider through a sense of empathy the implications and realities of decisions made when it pertains to the future of the employees and the organization.

References

Arnold, D.G., Beauchamp, T.L., & Bowie, N.E. (2013). Ethical Theory and Business, (9th edition). Upper Saddle River: Pearson Education, Inc.

Kouzes, J. M., & Posner, B. Z. (2012). The Leadership Challenge: 5th Edition. San Francisco, CA: Jossey-Bass.

Palmer, D. E. (2009). Business leadership: Three levels of ethical analysis. Journal of Business Ethics, 88(3), 525-536. doi:http://dx.doi.org/10.1007/s10551-009-0117-x

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M91419569
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Management Theories

Questionassume the role of presenter at a conference on

Question: Assume the role of presenter at a conference on organizational development, and then develop a PowerPoint presentation that addresses the following: Explain the importance of top-level leadership in organizatio ...

Foundations of complexitycomplexity theory the field of

Foundations of Complexity Complexity theory, the field of study of complex systems, is a relatively recent theory. It is a broad theory encompassing nine research traditions-an aggregation of principles, concepts, theori ...

Suppose a machine has two components that prevent injury

Suppose a machine has two components that prevent injury; component A and component B. If either of the components fail, an employee will be injured.  It is important to note that both A and B cannot fail at the same tim ...

As a single parent earning on a limited income how can you

As a single parent earning on a limited income, how can you stretch your grocery dollar to plan nutritious meals for you and your children? Would you seek the assistance of federal programs?

Assessment descriptionthis assessment is a culmination

Assessment Description This assessment is a culmination piece, in which you will be given an opportunity to combine the information you have accumulated in Assessments 1 and 2. More importantly, you will need to showcase ...

Assessment descriptionyou are required to read the

Assessment Description You are required to read the following journal article article: 1. How Risky is Your Company? HBR. May-June 1999 You are also required to read a fictional case study based on a company that will be ...

Assume that a salesman learned the price elasticity of

Assume that a salesman learned the price elasticity of demand for his products is -2.0. How many percent will increase in the total sales (revenue) if he cuts the price by 10%? Show your calculation process?

Assignment overview -this assessment item requires you to

Assignment Overview - This assessment item requires you to consider:- The operation of diverse and complex government and non-government project contractural arrangements relevant to a range of managed services, ICT, and ...

A survey of us adults found that 69 of those who text on

A survey of U.S. adults found that 69% of those who text on cell phones receive spam or unwanted messages. You randomly select 100 U.S. adults who text on cell phones. A) Determine whether you can use a normal distributi ...

Assume that a perfectly competitive firm has the following

Assume that a perfectly competitive firm has the following revenue and cost functions: TC= 5625 +5Q + 0.01Q^2 AVC=5 + 0.01Q MC=5 + 0.02Q TR=20Q A) what is the level of output that maximizes profits, if any? Compute profi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As