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Exam (elaborations)

Business Ethics BMAL 590 Questions With Solutions

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  • Course
  • BMAL 590
  • Institution
  • BMAL 590

Business Ethics BMAL 590 Questions With Solutions Corporate Culture can be defined as a set of values, beliefs, goals, norms, and ways of solving problems that members (employees) of an organization share Opportunity Factors Opportunity describes the conditions in an organization that limit o...

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  • November 12, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BMAL 590
  • BMAL 590
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UpperClass
Business Ethics BMAL 590 Questions With
Solutions

Corporate Culture can be defined as a set of values, beliefs, goals, norms, and ways of

solving problems that members (employees) of an organization share




Opportunity Factors Opportunity describes the conditions in an organization that limit or

permit ethical or unethical behavior. Opportunity results from conditions that either provide

rewards, whether internal or external, or fail to erect barriers against unethical behavior.

Opportunity relates to individuals' immediate job context: where they work, with whom they

work, and the nature of the work




The Role of Leadership In Developing An Ethics Program 1. Conduct a rigorous self-

assessment of the firm's values and its existing ethics and compliance program.

2. Maintain commitment from top managers.

3. Publish, post, and make codes of ethics available and understandable.

4. Communicate ethical standards through multiple channels (for example, paper documents and

web pages).

5. Provide timely training to reinforce knowledge.

6. Provide confidential resources to whom employees can go for advice or to report their

concerns.

, Business Ethics BMAL 590 Questions With
Solutions
7. Ensure consistent implementation.

8. Respond and enforce consistently, promptly and fairly.

9. Monitor and assess using appropriate methods.

10. Revise and reform to ensure continuous improvement.




Coercive Leadership Style the coercive leader demands instantaneous obedience and

focuses on achievement, initiative, and self control.




Authoritative Leadership Style the authoritative leader, considered to be one of the most

effective styles, inspires employees to follow a vision, facilitates change, and creates a strong

positive performance climate




Affiliative Leadership Style the affiliative leader values people, their emotions and their

needs, and relies on friendship and trust to promote flexibility, innovation, and risk taking




Democratic Leadership Style the democratic leader relies on participation and teamwork

to reach collaborative decisions. This style focuses on communication and creates a positive

climate for achieving results.

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