500 words. Ethics, Responsibility and Sustainanbility.
Leaders and managers face ethical situations in the course of formulating, choosing, implementing, and evaluating business strategies. As a leader, how would you best ensure that a code of business ethics is read, understood, believed, remembered, and acted upon rather than ignored?
As a leader of an organization, you will be required to protect the interest of its shareholders and stakeholders. As the organization thrives, their success is contingent upon on workers who are committed to fostering an environment whereby they receive an honest day’s work for an honest day’s pay. Waste, fraud, and abuse can cripple the organization and causefinancial hardship that impedes strategic management initiatives. The success of the organization is hinged upon employees doing the right thing one hundred percent of the time and protecting the strategic initiatives. Enron, Tyco, and Worldcom are examples of organizations that succumb to managerial/employee malfeasance (Ghoshal, 2005). As a leader, what do suggest your company do to ensure employees are aware of amoral hazards and that they maintain ethical standards?
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