Discussion Post #1 Your post must be at least 600 words long, not counting any references. Use as many references as appropriate to indicate what sources you are drawing upon in order to substantiate...

Discussion Post #1
1) Business ethics as per me is studying the business practices and policies in appropriate manner about the potential subjects of controversy that includes insider trading, corporate governance, discrimination,
ibery, fiduciary responsibilities and corporate social responsibility. These ethics do provide basic guideline that a business may choose for attaining to gain public approval (Stark, 1993). This is ensured by the business ethics that a specific basic trust level do exists between the consumers and the several market participants with the businesses. For example, same consideration must be given by the portfolio manager to the portfolios of any individual investors and the family members. Such practice makes sure that fair treatment is received by the public. This business ethics concept started in 1960s because by that time corporations became quite aware about the rise of consumer based society showing concern about the society, environment, social causes as well as the corporate responsibility (Murphy & Patrick, 1998). These ethics is not only just about moral code of what is right and what is wrong, instead it also attempt towards reconciliation of what organizations must do legally versus maintenance of competitive advantage over other business practices (Zafer, 2021). There are several ways in which a business displays business ethics.
2) The corporations does frame several code of ethics as business ethical framework for the purpose of winning the stakeholder’s confidence along with building and maintaining the strong
and image among the common public. But many times organizations fail to follow own business ethics because these code of ethics are not law imposed (Stark, 1993). Also, there exists a gap between existence of business values and principles on ethical grounds and behavior and attitude of the organization. One core reason behind this failure is ineffective ethics program and other reason is deficiencies in corporate culture. This failure can be seen by the scandals about the insider trading,
ibery, false advertising and the like constituting business misconduct which are basically failure of a business to act ethically. Misunderstanding between the employees and management acts as a cause of business ethics failure. Many employees at workplace lack internal communication and misses out business ethics at varying points. Ethical codes does fail as they tend to raise unrealistic expectations or sometimes they try to control way more than expected. Codes requiring the excessive tracking and reporting may result in cynicism within the companies and among the public.
3) Mechanisms that may persuade organizations towards acting ethically and keeping best interest of society in mind instead of focusing only on economic bottom line is must to have and these include incorporation of corporate polices, appointment of ethics officers and sustainability initiatives such as stakeholder engagement, improving operations, board leadership, executive compensation, management accountability, supply chain management, transparency and employee engagement (Zafer, 2021). Best compelling mechanism may be CSR emphasizing both the responsibility of ethical interaction and money making with su
ounding community. Another mechanism is triple bottom line and stakeholder theory implications. Organizations may encourage business ethics at workplace by preparation and support staff acting in right way. Proclamations and good intentions alone are not enough so the leaders need to act as model as well as reward ethical behaviors in employees. Recruiting and hiring well, educating staff about the risks of associated, being transparent about finances, speaking truth to authority and legal must not be litmus test (Cunliffe et al, 2020).
References
Stark A. What's the matter with business ethics? Harvard Business Review. 1993 May-Jun;71(3):38-40, 43-4, 46-8.
Zafer Adiguzel, Evaluation and Importance of Business Ethics in Terms of Organizational Culture, Multidisciplinary Approaches to Ethics in the Digital Era, 10.4018/978-1-7998-4117-3.ch014, (248-275), (2021)
Ann L Cunliffe, Silvia Ivaldi, Embedded ethics and reflexivity: na
ating a charter of ethical experience, Management Learning, 10.1177/1350507620960014, (135050762096001), (2020).
Anke Trommershausen, Ethics as Practice: The Challenge of Ethics Management in Mediatized Working Environments—Journalism in Change, Responsibility and Resistance, 10.1007/978-3-658-26212-9_11, (175-197), (2019).
Haydn W. McComas, Ethical leadership within law enforcement agencies: pedagogical and cultural challenges, Journal of Criminological Research, Policy and Practice, 10.1108/JCRPP-12-2018-0044, (2019).
Murphy, Patrick E. “Implementing Business Ethics.” Journal of Business Ethics, vol. 7, no. 12, 1988, pp. 907–915. JSTOR, www.jstor.org/stable/25071852. Accessed 5 May 2021.
Gary W. White (2001) Business Ethics, Journal of Business & Finance Li
arianship, 6:4, 49, DOI: 10.1300/J109v06n04_05
Svensson, G., Wood, G. A Model of Business Ethics. J Bus Ethics 77, 303–322 (2008). https:
doi.org/10.1007/s10551-007-9351-2
Discussion Post #2
(a) The characteristics that corporate America value in a leader does include Strategic leadership, cultural cognizance, flexibility, critical thinking, inspiring, interpersonal communication, open mindedness and creativity, self awareness and authenticity, responsibility and dependability, patience and tenacity and finally the continuous improvement. Americans do value the leaders who are strategic in the action while thinking critically. Their preference is efficient planning before undergoing nay implementation. However, they are flexible and culturally cognizant along with being creative and open minded. Furthermore, these traits may not necessarily make one an effective global business leader but supports efficiently and effectively in domestic settings (Basham, 2012). Leadership is vital within American cultural beliefs and practices context. Core characteristics of American corporate leader includes-
1. Cultural cognizance- organizational structure varies from culture to culture and the countries emphasizing traditionally on the social classes and hierarchy needs to instill a well defined clear order specifying the formal respect of the ones in authority position whereas a semi-formal setup may be required by some organizations. Thus, a global leader needs to be cognizant of several variations of culture not only at the time of choosing managers but also while defining employee wages, marketing strategies, benefits and long term as well as short term goals.
2. Flexible approach- This is one core characteristics as it makes one able to communicate directives and ideas concisely and clearly while also considering the cultural variations. An effective leader must be flexible enough to shift the approaches and tactics while maintaining the continuity of command and guiding the business in right way. Also, adapting to business challenges and changes acts as vital in leading American corporate. Leaders thus must be flexible and willing to take input as well as open to understand the varying perspectives. So, to manage complexity, leaders need flexibility along with being prepared for any conflicting information while holding the degree of emotional intelligence and boldness. A flexible leader is the one promoting the active communication among all the members of team and is open to take risks as well (Sczesny et al, 2004).
3. Broadened Networks- Networking importance with other department as well as other...