Podcast
Questions and Answers
What is the primary role of a leader in creating an ethical culture?
What is the primary role of a leader in creating an ethical culture?
- Establishing hierarchical structures and power dynamics
- Enforcing policies and viewpoints
- Motivating employees through rewards and incentives
- Influencing corporate culture and ethical posture (correct)
What is the potential outcome of a leader's ability to motivate and enforce norms?
What is the potential outcome of a leader's ability to motivate and enforce norms?
- Decreased employee satisfaction and commitment
- Normative myopia
- Increased employee satisfaction and commitment (correct)
- Improved stakeholder relationships
What is the primary dimension of leadership that influences ethical decision-making?
What is the primary dimension of leadership that influences ethical decision-making?
- Operational decision-making
- Strategic decision-making
- Ethical decision-making (correct)
- Tactical decision-making
What is the potential pitfall of a leader's influence on corporate culture and ethical posture?
What is the potential pitfall of a leader's influence on corporate culture and ethical posture?
What is the primary way a leader can create an ethical culture?
What is the primary way a leader can create an ethical culture?
What is a key characteristic of ethical leaders?
What is a key characteristic of ethical leaders?
Why are ethical leaders important for an organization?
Why are ethical leaders important for an organization?
What is the result of an organization having an ethical leader?
What is the result of an organization having an ethical leader?
What can be a consequence of a lack of ethical leadership?
What can be a consequence of a lack of ethical leadership?
What is a key principle of ethical decision-making?
What is a key principle of ethical decision-making?
What is the underlying assumption of managers who reject the application of normative values in their decision-making processes?
What is the underlying assumption of managers who reject the application of normative values in their decision-making processes?
Which of the following is a consequence of embracing a fact-value dichotomy in business decision making?
Which of the following is a consequence of embracing a fact-value dichotomy in business decision making?
What is a potential drawback of normative myopia in corporate decision making?
What is a potential drawback of normative myopia in corporate decision making?
Which of the following is a characteristic of an organization that prioritizes ethical values in decision making?
Which of the following is a characteristic of an organization that prioritizes ethical values in decision making?
What is a potential consequence of ignoring normative values in business decision making?
What is a potential consequence of ignoring normative values in business decision making?
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Study Notes
Ethical Leadership
- Ethical decisions are a crucial aspect of leadership, enabling the creation of an ethical culture within an organization.
- Leaders have the power to motivate and enforce norms, policies, and viewpoints, thereby influencing the corporate culture and ethical posture.
Characteristics of Ethical Leaders
- Ethical leaders consider the interests of all stakeholders in their decision-making process.
- They serve as role models for the organization's values.
Misconceptions about Normative Values
- Some individuals believe that normative values do not apply to managerial decisions.
- Others think that facts and values can be separated in decision-making.
- Another misconception is that normative values are outside the realm of business.
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