DEJ 8 The World’s Most Reputable CEOs 2019

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Vicky Valet’s article delves into the lives of influential leaders who have significantly impacted their organizations and industries. The article underscores the crucial role of a leader’s reputation and its direct correlation to achieving business success in today’s workforce.

The author stresses that being genuine, transparent, and making ethical decisions are essential characteristics that help to establish trust among stakeholders. This idea is especially relevant in today’s business world, where consumers and employees increasingly value honesty in leadership. The CEOs highlighted in the article demonstrate some of these qualities, proving that effective leadership is not just about making profits; it also involves creating a positive work environment and taking responsibility.

Furthermore, Valet talks about how social media and public opinion can affect a CEO’s reputation. Leaders must manage how the public sees them in today’s fast-paced world. Leaders who can do this well improve their reputation and that of their organization. This is especially important because businesses are under more public scrutiny now, so leaders must connect with their audience genuinely.

Valet’s article is a reminder of how leadership is changing in the 21st century. It emphasizes the importance of moral leadership in creating sustainable businesses. The article encourages current and future leaders to think about their practices and values. As we see changes in workforce dynamics and consumer expectations, the qualities highlighted by the author should be a key focus of any leadership development strategy.

References

Valet, V. (2019). The World’s Most Reputable CEOs 2019. Forbes. Retrieved from https://www.forbes.com/

DEJ 8, Fyre Festival: How a 25-year-old scammed investors out of $26 million

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Tom Huddleston Jr. thoroughly examines the infamous Fyre Festival. The luxury music festival was a disaster for attendees and investors due to poor management and deceptive practices. The article explores the festival’s failure, highlighting key issues related to leadership and accountability.

The Fyre Festival disaster showed that its organizers, especially Billy McFarland, needed better leadership. McFarland, who was only 25, was too ambitious and inexperienced. He made big promises without having the proper setup to keep them. This raises questions about what makes a good leader, like planning ahead and taking responsibility for their actions. The article points out that McFarland’s confident sales pitch got a lot of money invested, but he needed help to make a workable plan happen. This shows a big gap between having a vision and being able to make it work.

Huddleston Jr. effectively shows how the festival’s marketing, which heavily relied on social media influencers and a glamorous image, was a cover-up that hid the underlying chaos. The lack of clear communication worsened the issues, leaving investors and attendees unaware of the festival’s readiness. This situation warns about the importance of honesty and realistic communication in leadership roles.

The article emphasizes how irresponsible leadership affected McFarland, investors who lost millions, and festival-goers who faced unsafe and unsatisfactory conditions. It shows how poor leadership decisions can impact different stakeholders and stresses the need for leaders to act with accountability and foresight.

Huddleston Jr.’s article explores the Fyre Festival’s story and serves as both an exciting narrative and a critical review of leadership failures. It makes us think about the qualities needed for successful leadership in high-stakes situations and leaders’ ethical responsibilities towards their stakeholders. The Fyre Festival is a powerful reminder that effective leadership requires more than just vision; it demands a commitment to integrity, transparency, and accountability.

References

Huddleston Jr., T. (2019, August 18). Fyre Festival: How a 25-year-old scammed investors out of $26 million. CNBC.

DEJ 7 Philly Fighting COVID CEO Admits Taking Vaccine Doses Home Despite Patient Demand

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Philly Fighting COVID (PFC) leadership faces backlash after reports that CEO Andrei Doroshin took COVID-19 vaccine doses home while people seeking vaccinations were turned away. This situation raises concerns about ethical leadership and public health management responsibilities.

Doroshin’s actions, as reported by Marin, Feldman, and Yu (2021), show a troubling disregard for the mission of PFC, which is a dedicated nonprofit organization that helps people get COVID-19 vaccinations. Even though the community needed them, taking vaccine doses away from the site suggests that personal interests were more important than public health needs. This issue is incredibly upsetting because many people were actively looking for vaccinations when they felt anxious and worried.

The reaction of Doroshin’s friends, who reportedly shared a Snapchat photo of him giving a vaccine outside of an official setting, raises questions about whether this was the right thing to do. This occurrence shows that they might not fully understand how important it is to give out vaccines correctly, especially during a public health crisis.

Andrei Doroshin’s leadership in this situation shows what can happen when personal interests are more important than the organization’s mission. Proper leadership is crucial for building trust and keeping communities safe, especially during crises. In the future, leaders in health organizations must be watchful and dedicated to their responsibilities to build trust and maintain the honesty of public health efforts.

References

Marin, M., Feldman, N., & Yu, A. (2021, January 26). Philly Fighting COVID CEO admits taking vaccine doses home despite patient demand.

DEJ #7 Reflection of Senators Sold Off Their Stocks Ahead of Coronavirus Economic Crash

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Author Jeanine Santucci examines the actions of U.S. senators who sold off large amounts of their stock holdings just before the economic downturn caused by the COVID-19 pandemic. This report highlights the ethical concerns surrounding insider trading, especially in the context of public service and leadership.

The article questions the honesty and responsibility of elected officials. Good leaders should be open and act ethically, especially during crises. The senators’ actions could be breaking public trust and not focusing on the well-being of the people they represent. This situation shows a problem, although leaders are portrayed to be good examples, incidents like these can make people doubt the reasons behind political decisions.

The timing of the stock sales, which closely coincided with the pandemic’s beginning, suggests a troubling awareness of upcoming market changes. This proactive behavior raises ethical questions about the responsibilities of those in power to prioritize the public’s best interests. Genuine leadership requires making well-informed decisions and openly communicating about how those decisions will impact the public.

Santucci’s article reminds us how important it is for leaders to act ethically, especially during crises. It calls for a closer examination of lawmakers’ actions and highlights the need for changes that encourage accountability. The behavior of these senators shows the urgent need for leaders to be honest and open to keep public trust and maintain effective governance during tough times.

References
Santucci, J. (2020). Senators sold off their stocks ahead of coronavirus economic crash. USA TODAY.

DEJ 8 “The Society of Corporate Compliance and Ethics blog” blog review

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The SCCE blog is a trusted resource for corporate governance and compliance professionals committed to enhancing compliance and ethical quality. It achieves this by providing timely updates, training opportunities, and insights into best practices, making it a reliable source for professionals seeking to improve ethical standards within their organizations.

The SCCE blog is valuable, presenting real-life scenarios and case studies that prompt readers to delve into and contemplate ethical dilemmas. By engaging with the content, compliance professionals are empowered to make informed decisions while cultivating an environment of accountability and integrity within their respective organizations. This resource also plays a crucial role in promoting ethical awareness and responsibility, as it is conducive to sharing and discussing with colleagues.

The SCCE blog delves into theoretical frameworks and explains their practical implementation. By providing access to a wealth of resources, including immersive training sessions and conferences, the blog actively fosters the growth of knowing how to make ethical decisions among compliance professionals. This practical approach equips them to navigate intricate choices confidently, thereby upholding their organizations’ integrity.

The Society of Corporate Compliance and Ethics blog is an indispensable guide for professionals deeply committed to upholding ethical standards in corporate governance. Its integration with the core principles expounded in our module on ethical thinking underscores its pivotal role as a catalyst for fostering ethical decision-making within organizational settings. By providing relevant content and invaluable insights, the SCCE blog actively enriches the discourse surrounding ethical conduct in the corporate sphere.

References

Society of Corporate Compliance and Ethics. (n.d.). Retrieved from [SCCE website](https://www.corporatecompliance.org)

DEJ 8

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The Becker-Posner Blog, penned by the distinguished economist Gary Becker and the esteemed Judge Richard A. Posner, offers thought-provoking and illuminating discussions at the intersection of economics, law, and ethics. Readers partake in ethical contemplation, fostering introspection on the ethical intricacies of economic and legal matters. The Becker-Posner Blog, penned by economist Gary Becker and Judge Richard A. Posner, presents insightful discussions at the intersection of economics, law, and ethics. Their opinions and posts prompt readers to participate in ethical reasoning by encouraging deep reflection on the moral aspects of economic and legal matters.

The Becker-Posner Blog underscores the significance of considering all citizens’ welfare in policy decisions. The concept is based on ethical principles that prioritize fairness and accountability. Becker and Posner frequently employ utilitarian principles to evaluate the societal impacts of policies, demonstrating consistency with ethical frameworks that consider both the costs and benefits of these policies. The Becker-Posner Blog delves into real-life situations, providing an in-depth analysis of how different ethical frameworks can be applied to guide decision-making. It offers practical, real-world examples to demonstrate the implementation of theoretical concepts in various scenarios.

The Becker-Posner Blog explores how ethical principles can be seamlessly integrated into economic and legal analyses, serving as a cornerstone in nurturing a well-informed and ethically attuned society.

References

Becker, G. S., & Posner, R. A. (n.d.). The Becker-Posner Blog. Retrieved from http://www.becker-posner-blog.com

DEJ 7 “Thinking Ethically” article review

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Thinking Ethically by Velasquez, Andre, Shanks, and Meyer offers a comprehensive framework for ethical decision-making that is relevant to readers from diverse backgrounds. The authors highlight the prevalence of moral dilemmas in our daily lives, resonating with diverse readers by framing ethical issues as integral to our everyday experience, from foreign policy to education. The article underscores the significance of ethical contemplation in personal and societal realms, making it a valuable resource for anyone seeking guidance on moral dilemmas.

Velasquez, Andre, Shanks, and Meyers stress the crucial nature of the first step, which involves meticulously gathering all pertinent facts. In today’s complex and interconnected world, where the proliferation of misinformation can significantly sway opinions and drive decision-making processes, it is imperative to diligently verify the accuracy of facts before arriving at any conclusions. Nevertheless, the authors also underscore that possessing factual information alone is insufficient. Ethical decision-making transcends the accumulation of data; it necessitates a contemplation of the fundamental values that underpin our actions and choices.

I believe “Thinking Ethically” is a valuable article for individuals confronted with moral quandaries. It’s central focus lies in the examination of different values and the exploration of diverse ethical frameworks. The author’s objective is to cultivate a more contemplative and involved communities by equipping readers with the capacity to discern moral predicaments.

Reference

Velasquez, M., Andre, C., Shanks, T. S. J., & Meyer, M. J. (n.d.). *Thinking ethically*. Markkula Center for Applied Ethics. Retrieved from Markkula Center for Applied Ethics

DEJ 7 “The Markkula Center for Applied Ethics” article review

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The Markkula Center for Applied Ethics at Santa Clara University has developed a new structured approach to analyzing and making ethical decisions. This guide addresses ethics in personal, organizational, and societal contexts. Contributors, including Manuel Velasquez and Dennis Moberg, discuss how ethics goes beyond individual actions to creating ethical communities, businesses, and governments.

They emphasize that ethics involves standards and practices guiding human behavior in various roles, such as friends, family members, professionals, or citizens. This broad approach highlights the universality of ethical principles while recognizing the unique challenges of different social roles. Including character as a fundamental component of ethics is particularly insightful, underscoring that ethical behavior is about following rules and nurturing traits that promote ethical actions.

This new collaborative development involves dialogue and debate, reflecting ethics’ dynamic and evolving nature. It’s important to note that the framework was last revised in 2021, showing a commitment to keeping ethical discussions relevant to contemporary issues.

In my opinion, this development is valuable for individuals and organizations seeking to comprehend and apply ethical principles across diverse domains. It offers a structured yet flexible ethical approach, empowering users to tailor it to their contexts. By fostering ethical awareness and action, this framework significantly contributes to the goal of creating more ethical societies.

References

Markkula Center for Applied Ethics. (2021). *A framework for thinking ethically*. Santa Clara University.

Tuckman’s model and understanding group dynamics

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Integrating two distinct universities posed the challenge of establishing a standardized academic workload management system for nursing faculty. Tuckman’s model of small-group development was employed to analyze the processes and effectiveness of a project team assigned to tackle this issue. Through a comprehensive review of agendas, notes, and meeting minutes, the study sheds light on the obstacles encountered and the strategies employed to overcome them. The successful utilization of a team charter emerged as a pivotal tool, significantly transforming a diverse group into a highly productive team. The insights gained from this study are crucial in understanding the intricacy of guiding diverse teams and the significance of Tuckman’s framework in understanding group dynamics.

The analysis brought to light several challenges, encompassing varying expectations and communication barriers. The study implemented a team charter that was found to be crucial in aligning goals and establishing clear roles, thus facilitating the transition from the storming to the norming phase.

Effectively managing a diverse team to achieve high productivity is inherently complex due to the different backgrounds, perspectives, and work styles involved. Tuckman’s model, which outlines the stages of group development, provides a framework for understanding and enhancing the dynamics and processes within the team. This study underscores the critical importance of structured approaches, such as team charters, in managing the development of a team. Team charters establish a clear framework for decision-making, roles and responsibilities, communication protocols, and conflict-resolution processes, which are essential for fostering a productive team environment.

References

Natvig, D., & Stark, N. L. (2016). A project team analysis using Tuckman’s model of small-group development. *Journal of Nursing Education, 55*(12), 675-681.

Personal values and performance in teams

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David J. Glew’s research delves into the intricate correlation between personal values and performance at both individual and team levels. The study encompassed two cohorts: 107 undergraduate teams and an additional 54 MBA teams. Its primary objective was to discern the impact of personal values on team dynamics and overall outcomes.

The study uncovered a counterintuitive finding at the individual level: valuing a sense of accomplishment was negatively associated with peer-evaluated performance within teams. The study revealed that past individual performance outside of the team context demonstrated a stronger positive relationship with performance within teams, indicating that past experiences and achievements may better prepare individuals for effective teamwork, irrespective of their values.

At the team level, the study highlighted the crucial role of the value of equality. Teams where members collectively valued equality demonstrated improved performance. The study also found that the emphasis on equality was a more significant predictor of team success than the aggregate prior performance of team members, emphasizing the importance of shared values in achieving team goals.

These findings have implications for both organizational behavior and team management. They also open up exciting avenues for future research. Investigating other values that might impact team performance and how these interact with team composition and context could offer further insights into optimizing team effectiveness.

Glew’s study contributes to a better understanding of the role of personal values in team settings, offering valuable guidelines for enhancing team performance through value alignment.

Reference:

Glew, D. J. (2024). Personal values and performance in teams: An individual and team-level analysis. *Journal of Team Dynamics*, 15(3), 45-67.