ETHICAL - PowerPoint Presentation

Slide1

ETHICAL

UNETHICAL

Ethical LeadershipSlide2

Explain What is meant by Ethical Leadership

Describe the Importance of Ethical Leadership

Explain What are Ethics

Explain the Various Ethical Theories

Explain the Ethical Leadership Perspectives of Leadership Scholars

Explain the Principles of Ethical Leadership

Describe the Various Elements of Character

Explain How to Make Ethical DecisionsList the Challenges of Ethical Leadership

Explain How to Develop Ethical Leadership in Leaders

Explain What is meant by Ethical Dilemmas

Explain the Four Paradigms of DilemmasExplain the Core Responsibilities of an Ethical Leader

List the Key Traits of an Ethical Leader

List the Tips to Improve Ethical Leadership in an Organization

Course ObjectivesSlide3

Introduction

David McCain worked as a Senior Assistant at Lewinsky & Sculler Co., a law firm specializing in corporate cases.

David has been working at Lewinsky & Sculler for the past five years and is a trusted and capable employee.Slide4

Introduction

Lewinsky & Sculler has a national as well as international client base which includes many Fortune 500 companies.

It had grown to become the largest law firm in Canada and had started as a small partnership firm between two partners Andrew Lewinsky and Keith Sculler. Slide5

Introduction

Many people believed that this rapid and humongous growth of Lewinsky & Sculler could be attributed to the core values of ethical principles that each employee of the company believed in.

Lewinsky & Sculler stressed on the need for ethical principles to be followed in each of its business transactions and even encouraged its employees to be ethical and just in their personal lives.Slide6

Introduction

Owing to its high ethical standards of working, Lewinsky & Sculler had achieved a stellar reputation and received many awards for its outstanding work in the areas of law and intellectual property.Slide7

Introduction

However, one day Mr. Andrew Lewinsky, the firm’s Co-founder and Partner received news that David had committed a fraud in his company.

David had found a loophole in the power of attorney from one of Lewinsky & Sculler’s client, Howard Inc. Slide8

Introduction

Using the loophole, David had illegally sold shares of the client in a Canadian company. David had made almost $110 million in this embezzlement.

Andrew was shocked by this fraudulent activity that had taken place in his organization. It was also very unfortunate that Lewinsky & Sculler did not have any insurance to cover this kind of activity.Slide9

Introduction

Lewinsky & Sculler now faced many daunting questions in the face of this fraud, such as:

What plan of action should be taken to save the law firm in this time of crisis?

What impact would this embezzlement have on the 600+ lawyers and other employees of the company?

How would the reputation of Lewinsky & Sculler be impacted by this fraud?

What impact would the news of this fraudulent activity have on Lewinsky & Sculler’s relationship and business of its 14,000+ clients?Slide10

Introduction

Lewinsky & Sculler now faced many daunting questions in the face of this fraud, such as:

Would the clients lose trust in Lewinsky & Sculler’s ethics and integrity and break all business ties with the company?

Would this breach of trust ruin the firm’s reputation in Canada and abroad?

Would Lewinsky & Sculler survive this crisis and remain financially stable?

What can Lewinsky & Sculler do for the client whose shares had been used to perpetuate the fraud and theft by David?Slide11

Introduction

You can understand from the above situation that being ‘ethical’ is not only important but also crucial in any business.

Ethics should be integrated into the basic day-today working of each and every employee of an organization. Slide12

Introduction

However, as one goes up the organizational hierarchy, it becomes crucial that an organization should have ‘ethical leaders’ who follow and preach ‘ethical leadership’.

This is because it is these leaders who lead the employees and guide them. Slide13

Introduction

So if the leaders are themselves not ethical, the organization cannot expect to function on the lines of ethics and moral values.

Let us learn about

‘Ethical Leadership’

in detail.Slide14

What is meant by Ethical Leadership?

Ethical Leadership means using ethics and making an ethical decision in situations that are faced by leaders.

It means keeping in mind several ethical perspectives while providing the overall leadership guidance to subordinates and the also the job responsibilities performed by leaders.

Ethical leadership helps leaders to make ethical decisions and be an ethical leader.Slide15

Importance of Ethical Leadership

They also aim to gain returns that benefit the firm, its stakeholders, and the CEO, at the same time obtaining everything within the purview of ethics and moral principles.

You can understand from the above situation that being ‘ethical’ is not only important but also crucial in any business.

Ethics should be integrated into the basic day-today working of each and every employee of an organization. Slide16

Virtue-Based Approach

Virtue-based Approaches

(Theories related to Leaders’ Character)

‘Virtue-based Theories’ or the ‘Virtue-based Approach’ is related to who the leader is and is based on the leader’s character.

However, you should keep in mind that an individual can learn these virtues and retain them through experience and practice. Slide17

Deontological Theories

Deontological Theories (Theories related to Duty or Rules )

‘Deontological Theories’ are related to duty or rules.

Hence, ‘Deontological Theories’ are more concerned with the actions that lead to consequences and whether the actions are good or bad.Slide18

Respect for Others

Respect for Others

Respect for Others:

As per this principle of ethical leadership, leaders can be ethical when they treat others with dignity and respect.

Hence, ethical leaders do not treat people as means to their own ends.

Ethical leaders believe that followers have goals and ambitions. Slide19

What is meant by ‘Character’ in Ethical Leadership?

Responsibility

Courageous

Honesty

Obedience

Trustworthiness

Inspiring

Loyal

Integrity

Respect

Tactful

The following are some of the key attributes of a ‘good character’:Slide20

Real Life Example

You will now try to understand how Abraham Lincoln, the renowned American President was not only a great leader but also a great ethical leader.

Abraham Lincoln was born on February 12, 1809.

He became the 16th President of the United States.

His tenure as the President of the United States lasted from March 1861 until his assassination in April 1865.Slide21

Hence, for example, sometimes the leader may have to choose between two values that are important such as success and honesty.

So, in such situations the leader should assign priorities to values and one takes precedence over the other.

When an ethical leader is faced with a situation where his important moral values come into conflict and the leader has to make a choice between these values, then the situation is an ‘Ethical Dilemma’.

However, it is crucial that the leader should take care to balance between both the values in order to avoid unethical decision making.

What is meant by Ethical Dilemmas?Slide22

Being Aware of One's Weaknesses

2

3

4

1

7

8

9

10

6

Being Aware of One's Weaknesses

Being Aware of One's Weaknesses:

An ethical leader is aware of his strengths and is also aware of his weaknesses.

Only when a person knows his weakness, he will be able to compensate for that weakness.

5Slide23

This is a DEMO Course On –

Ethical Leadership.

Join MAG

Pemium Membership and Get Access to Unlimited Courses for Lifetime.

What Do you Get:

View All Courses Online.Download Powerpoint

Presentation for Each Course.Do the Knowledge Checks for Each Course.

ManagementStudyGuide.com