week 6

Week 6

Week 6 - Overview & Learning Objectives

Attached Files:

·  Chapter 10. Globalization of Ethical Decision Making.pptx  Chapter 10. Globalization of Ethical Decision Making.pptx - Alternative Formats (437.194 KB)

·  Chapter 11. Ethical Leadership.pptx  Chapter 11. Ethical Leadership.pptx - Alternative Formats (769.931 KB)

Assigned Readings:

Chapter 10. Globalization of Ethical Decision Making.

Chapter 11. Ethical Leadership.

Overview:

Advances in communication, technology, and transportation have further minimized the world’s borders, creating an ever more interconnected global economy. Chapter 10 discusses how transactions across international boundaries define global business, and how the variety of cultures and expectations around the globe complicates the topic of business ethics. International businesspeople must understand the values, cultures, and ethical standards of his or her home country, as well as every country in which his or her firm conducts business. Formal codes of conduct are less common internationally, and the topics of principle concern shift between countries and across time. Major concerns today involve global risks, legal approaches to business ethics, and compliance measures. Insufficient understanding of the complexity of global business can destroy trust and do lasting damage to a firm. This chapter examines these topics, as well as the role of international organizations like the IMF, the UN, and the WTO in shaping international business. It will help students to learn about the cultural differences between nations and how they can affect common business practices, as well as to gain a general awareness of global ethical issues. This chapter aims to help students understand, and possibly avoid, the ethical quagmires that exist in the global business environment.

Chapter 11 demonstrates the importance of leadership in creating an ethical culture. We first provide a definition of ethical leadership and explore its relationship to ethical decision making. Next, requirements of ethical leadership are provided, followed by how ethical leadership benefits the company. The relationship between ethical leadership and organizational culture is examined, as well as ways ethical leaders can manage conflict. Managing conflict appropriately identifies potential issues and reinforces a firm’s ethical climate. An important part of leadership is the implementation of employee-centered leadership. Employee-centered leadership recognizes that while not everyone will be a manager, every employee can and should practice leadership skills to support ethical decision making. An essential component of employee-centered leadership is communication. Without communication all attempts at maintaining an ethical culture fail. We describe common ethical leadership styles proven effective in building an ethical corporate culture. Finally, we conclude with a model to address ethical issues and misconduct disasters. Leaders can use this model to guide the firm’s ethical culture, detect ethical risk areas before they become problematic, and develop methods of recovery if an unethical decision or disaster occurs.

Chapter 10. Globalization of Ethical Decision Making

Learning Objectives

1. Discuss global values, goals, and business practices within ethics

2. Understand the role of capitalism and economics as factors in business ethics

3. Assess the role of multinational corporations in business ethics

4. Assess the role of the International Monetary Fund in business ethics

5. Assess the role of the United Nations Global Compact in business ethics

6. Assess the role of the World Trade Organization in business ethics

7. Explore and discuss common global business practices

8. Gain awareness of global ethical issues

Chapter 11. Ethical Leadership

Learning Objectives

1. Define ethical leadership

2. Examine requirements for ethical leadership

3. Realize the benefits that come from effective ethical leadership

4. Understand how ethical leadership impacts organizational culture

5. Learn about the different styles of conflict management

6. Understand how employees can be empowered to take on responsibilities in ethical leadership

7. Examine leader–follower relationships

8. Learn about leadership styles and how they influence ethical leadership

9. Use the RADAR model to determine how ethical leaders handle misconduct situations

Discussion

Reflection and Discussion Forum Week 6

Assigned Readings:

Chapter 10. Globalization of Ethical Decision Making.

Chapter 11. Ethical Leadership.

Initial Postings:  Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

1. Jeff Bezos - How to Start a Business - the Amazon founder talks about his philosophy on business success as the operator of the largest website in the world.

https://www.youtube.com/watch?v=jJeVpl73PA4

Length: 36.56

Questions:      

1. What is the role of failure in global business success?

2. How do companies like Amazon take advantage of diverse tax laws from country to country?

3. Why do you think that the U.S. is tax averse compared to other countries who see a social responsibility element to taxation?

[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student's own words - do not provide quotes!]

 [Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

Submitting the Initial Posting: Your initial posting should be completed by Thursday, 11:59 p.m. EST. 

Response to Other Student Postings :  Respond substantively to the post of at least two peers, by Friday, 11:59 p.m. EST. A peer response such as “I agree with her,” or “I liked what he said about that” or similar comments are not considered substantive and will not be counted for course credit.

[Continue the discussion through Sunday,11:59 p.m. EST by highlighting differences between your postings and your colleagues' postings. Provide additional insights or alternative perspectives]

Evaluation of posts and responses:  Your initial posts and peer responses will be evaluated on the basis of the kind of critical thinking and engagement displayed. The grading rubric evaluates the content based on seven areas:

Content Knowledge & Structure, Critical Thinking, Clarity & Effective Communication, Integration of Knowledge & Articles, Presentation, Writing Mechanics, and Response to Other Students.

Activity 6

Top 5 Risks for Business in 2017 – this clip covers Control Risks’ assessment of the top 5 risks for businesses in 2017 across the world, in all business sectors and all geographies.

https://www.youtube.com/watch?v=vZ6Vllgshxw

Length: 3:50

Questions:

1. How do companies stay on top of emerging global risks?

2. Share the global corruption perception map from Transparency International:

https://www.transparency.org/news/feature/corruption_perceptions_index_2016

How can this help businesses understand global diversity?

3. What do you see as the most looming global ethics risk?

Ethical Leadership, Part 1: Perilous at the Top – this clips discusses what is means to be an ethical leader and the impact that the (moral) example set by leaders has on subordinates.

https://www.youtube.com/watch?v=gg-cbwOeScA

Length: 11:35

Questions:

1. Why do you think unethical behavior by leaders is more adopted than ethical behavior?

2. What role does a lack of self-reflection have on ethical or unethical conduct?

3. How would you relate to the comment that “absolute power corrupts absolutely”?

The assignment is to answer the question provided above in essay form. This is to be in narrative form and should be as thorough as possible. Bullet points should not to be used. The paper should be at least 1.5 - 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to competitive strategy. The textbook should also be utilized. Do not insert excess line spacing. APA formatting and citation should be used.