I need a response to the below Statement:
There are various roles ethics play in conscious capitalism. The four pillars of conscious capitalism are purpose, stakeholder, culture, and leadership. A higher purpose is important. It is a fundamental idea that every organization has an obligation beyond producing revenue. They have a higher purpose to better the community. The organization has a social responsibility to better the environment that it is conducting business (Mackey, 2014). Leaders have the ability to influence others. The organizational leaders’ ethical standards influence all the organization and even society. The leader sets the code of conduct for the entire organization. The others will follow behind the leader. If the leader doesn’t have a strong ethical character the others may follow the leader. The organization has an obligation to acquire only leaders that make ethical decisions. This may be difficult because ethics are not often listening on a resume’. It is the organization’s responsibility to monitor and be alert. Below are two examples of leaders that have chosen or not chosen to make ethical decisions. The decisions will not only affect the leader, follower, organization but society.
The department has a product they must roll out in four days. The production of this product typically takes six days to complete. The manager of the department is under immense pressure from the owner of the organization to make the deadline. The manager finds a technique that allows the product to be produced in a smaller time frame. The technique, however, could compromise the safety of the product. The manager is aware of the compromise. The manager decides to move forward with the faster production technique. The manager fails to inform upper management nor the followers of the compromise. This is an example of how ethics plays a role in conscious capitalism. The manager was not doing what is best for society or the organization.
The manager of the finance department has a report that is due. The report includes figures that are not desirable for the chairman of the organization. The leader is aware of a way to manipulate the reporting and include the deficit in the following month’s report. The manager without hesitation decides to report the exact figures. Although undesirable the manager reports the figures and takes accountability. The manager creates an action plan that they will present to the chairman that includes a plan to reduce future undesirable figures. The manager in this example displays how their ethical character plays a role in conscious capitalism. This manager chose not to manipulate facts for their own benefit.
Mackey, J & Sisodia, R. (2014). Conscious capitalism: Liberating the heroic spirit of business. http://library.books24x7.com.lopes.idm.oclc.org/toc.aspx?bookid=133267.
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