A company’s leadership is also involved training to handle the unethical dilemmas. An environment that practices ethical leadership, must have written codes of ethics on which an organization’s culture get to develop. Ethical compliances are also involved in the development of corporate social responsibility. Recommendations Although L’Oreal is ranked as one of the top ethical organization, there is always a placed to improvement. Here are some recommendations for the company that can improve the ethical leadership practice in the company.
This can inculcate an ethical attitude in Foxconn’s employees and help employees make “right” decisions when they are in an ethical dilemma. Having an ethics code addresses the root cause of the problem, however research has shown that an ethics code is only effective when it is used as part of a comprehensive corporate ethics program (Mhonderwa, 2012). This can be costly to implement for Foxconn as it has more than one million employees. Lastly, the customers of Foxconn should enforce a compliance-based ethics program on Foxconn. The message must be made clear to Foxconn that if it engages in unethical behaviour, the customers will find alternative manufacturers.
Leaders must work hard through hiring, training, and performance management systems to bring in the right employees and then help employees internalize the organization’s underlying values. Ethical leadership from the top is very important- because it creates an environment in which lower-level ethical leaders can flourish- but ethical leadership at the supervisory level has a huge impact on followers’ attitudes and behavior. Unethical Influences Companies rely on employees to produce and deliver high-quality products and services. Employees are impacted by a variety of forces—both internal and external—as they attempt to perform their job duties. Employers who are aware of these forces, and who are prepared to leverage or counteract them, can increase productivity and loyalty.
Many a time the management is faced with a dilemma when making decisions. In principle, decisions must be ethical to prevent negative setbacks to organizations and managers. Markkula Center for Applied Ethics at Santa Clara University through Velasquez et al (2009), highlights the process of ethical decision-making; i) Recognition of ethical issues during choice making between alternatives. ii) Getting the facts about the case iii) Evaluation of alternative actions so that the choice will produce the best benefits and least harm, the choice will respect the rights of stakeholders and the option must treat the involved parties proportionately or equally. This is a utilitarian-rights-justice approach.
Based on literatures, 52.7% of projects were not completed on time and within the proposed budget, and 31.1% did not fulfill their scope. The majority of project management early studies clarified that if a projects completion time exceeded its due date, or expenses exceeded the budget, or outcomes did not satisfy a company's or the customer’s performance requirements, the project was assumed to be a failure. Today we admit that determining whether a project is a success or a failure is much more complex decision to make. Due to delays in project completion time companies, most of the times, pay penalties to the other parties which will increase the overall project cost. Yet these projects might be considered successful projects.
This is very important because this criterion turns the eyes of the company outside the organization and towards the customer. Furthermore, it enhances the specific role of the marketplace in a successful project. Verzuh in The fast forward MBA in project management (2004) agrees that the golden triangle is enough to define success. Except from time and cost parameters he mentions high quality. Verzuh links quality with the outcome of the project that must have two components: functionality (what the project is supposed to do) and performance (how well the functionality
Further, the managerial implication to CATA4 comes from SLM, which diagnoses leadership weaknesses within CATA4. Consequently, the entrepreneurship of inventing is the competitive advantage of sustainable development. The further recommendation is to appoint communication and training teams to conduct regular meetings then propose implementation plan, within the steering group, the HR director Neil Parks and sponsor Lea Chang are the accountable for reviewing progress. The pilot-test is also integral to measure effectiveness for in place changes, following modification would better collect from “voice of employee” where necessary, ultimately the
Ethical principles are universal standards of right and wrong prescribing the kind of behavior an ethical company or person should and should not engage in. These principles provide a guide to making decisions but they also establish the criteria by which your decisions will be judged by others. In business, how people judge your character is critical to sustainable success because it is the basis of trust and credibility. Both of these essential assets can be destroyed by actions can be, or are perceived to be unethical. Thus, successful executives must be concerned with both their character and their reputation.
The ‘good’ companies undertake the practice of performance related pay to motivate employees. Despite all the positive factors of such companies, it is argued that they camouflage their true nature under such practices. It is suggested that these practices are in place simply during favourable market conditions and are withdrawn when the markets plummet. It could be a front for a managerial strategy that is geared towards compliance and work intensification. (Bacon,
Smart organisation know that customer service is a crucial factor to success, which helps them maintain existing and gain new potential customers. Good customer service is important, because it helps the organisation to differentiate itself from competitors. Organisations benefit from offering quality customer service to their clients with an increase and profit. Bad customer service chases potential customers to competitors and this cause a bad image to the organisation in the public’s eye. Bad customer service can lead to tarnish the company brand.