BUS610 Week 4 Assignment
BUS610 Week 4 Assignment
Popular in Course
verified elite notetaker
Popular in Department
This 0 page Study Guide was uploaded by Experthelper Notetaker on Saturday November 14, 2015. The Study Guide belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 19 views.
Reviews for BUS610 Week 4 Assignment
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 11/14/15
Running head BUSINESS ETHICS Business Ethics Mia A Rapier BUS 610 Organizational Behavior Dr Anthony Trotta October 5 2014 BUSINESS ETHICS 2 Business ethics are deemed behavioral traits which can include honesty accuracy and sound judgment exemplified by individuals who have cultivated and continue to demonstrate a high moral character DeKay 2011 Robert Nardelli is the notorious former CEO of Home Depot the nation39s secondlargest retailer after WalMart Stores Nardelli s infamy is due in part to his leadership style one he groomed and perfected at his previous tenure as head of General Electric which has been described as maniacal exacting and toughminded and autocratic and stubborn Grow et al 2007 It is the intent of this paper to explore business ethics as they relate to Robert Nardelli while also examining three pertinent leadership theories applicable to business Trait Behavioral and Situation and Contingency theories Ethics are a collection of values that guide businesses and their respective policies and decisions and this paper will detail how the ethical philosophy of Nardelli affected the reputation productivity and bottom line of the Home Depot There is no one leadership theory from which to explain and analyze the power function and attributes of organizations or their superiors rather leadership theory is more of an umbrella term used to describe different control theories These approaches expand our view of how leaders operate within various environments and with other members of an organization They also account for greater complexity in interactions between the various factors that in uence leader effectiveness Baack 2012 Let s begin with Trait Theory leadership traits are physical and personality characteristics that differentiate leaders from followers Baack 2012 For many years leadership was considered a trait an innate part of a person s makeup that allowed them to lead and manage others more easily and effectively than others The potential traits and characteristics of these leaders included physical attributes like height strength and BUSINESS ETHICS 3 attractiveness along with personal personality and social traits which provided them with an intrinsic base of governance over others Though the traits initially believed to be linked to great leaders were admirable it quickly became clear that not all individuals possessing them where necessarily great leaders which led to differing trait theories The Big Five trait theory proposes that five simple measurements cause personality and they include extroversion agreeableness conscientiousness neuroticism versus emotional stability and openness to experience These five factors have been related to effective general job performance due in part to enhanced levels of job knowledge and conscientious effort These same five factors have also been associated with leadership B aack Behavioral theories were founded on the belief that leaders are made not born so subsequently this leadership theory focuses on the actions of leaders not on their intellectual prowess Four behavioral theories of leadership emerged to specifically address the different needs of deemed leaders and they include the University of Michigan Study the Ohio State Studies the Leadership Grid and the Scandinavian DevelopmentOriented Approach The University of Michigan Study identified jobcentered or productionoriented managers and employeecentered leaders arguing that peopleoriented leaders would build better teams and create a better workplace environment B aack 2012 The Ohio State University Studies examined two distinct features of leadership initiating structure and consideration Initiating structure refers to the phase of leadership that precedes activity it is the planning and organizing phase where leaders detail tasks for group members Consideration is leadership behavior that expresses concern for employees by establishing a warm supportive friendly BUSINESS ETHICS 4 climate Leaders exhibit consideration through concern for worker comfort wellbeing and satisfaction B aack 2012 Situational and contingency theories contend that leadership is not a universal trait rather effective leaders acclimate to the changing conditions and scenarios they encounter Fiedler39s Contingency Model is a key player within contingency theories with the premise being the performance of interacting groups is contingent upon the interaction of leadership styles and the favorability of the situation for the leader Mitchell et al 1970 The contingency approach recommends taskoriented low Least Preferred Coworker leaders for situations with low or high control and relationshiporiented leaders high LPC for situations exhibiting moderate levels of potential control Baack 2012 Hersey and Blanchard39s situational leadership model proposes that effective leaders alter their approach based on the employees they are tasked to manage to best utilize the strengths of said employees Returning to former Home Depot executive Robert Nardelli and relating the aforementioned leadership theories to his controversial leadership style I deduce that the behavioral theory associated with the University of Michigan studies is most relevant In that study the effects of leader behavior on job performance was examined and two leadership styles were the result either job centered or employee centered Nardelli s leadership and managerial style is most aligned with the job centered also known as productionoriented approach of this study in that he focused on the technical aspects of the job including finding better methods of operation with the goal of increasing output through individuals and groups The principal concerns of productionoriented leaders include reaching production goals keeping costs in line and following schedules B aack 2012 While under Nardelli s leadership sales at the Home BUSINESS ETHICS Depot soared from 46 billion in 2000 the year Nardelli took over to 815 billion in 2005 an average annual growth rate of 12 Profits more than doubled to 58 billion that year Grow et al 2007 Despite the infamy surrounding Nardelli s tenure at Home Depot related to his attitude and approach I do not consider him unethical Certainly his leadership style was more aligned with Wall Street and production rather than a consumerdriven industry but in the end his leadership style allowed the company to grow financially and make it most competitive within its retail industry It was the intent of this paper to explore business ethics as they relate to Robert Nardelli the former CEO of Home Depot while also examining three pertinent leadership theories applicable to business Trait Behavioral and Situation and Contingency theories Ethics have been described as a collection of values that guide businesses and their respective policies and decisions and in the end my perspective was that Nardelli was not unethical while at the helm despite his oftentimes dubious leadership techniques BUSINESS ETHICS 6 Reference Baack D 2012 Organizational behavior San Diego CA Bridgepoint Education Inc Charan R 2006 Home Depot s blueprint for culture change Harvard Business Review 844 6070 Retrieved from EB SCOhost database DeKay S H 2011 Doing What s Right Communicating Business Ethics Business Communication Quarterly 743 287288 doi1011771080569911413813 Retrieved from httpedsbebscohostcomproxy libraryashfordeduedsdetaildetail vid4ampsiddc1a29c5b2e84a58926e 74ac11754ea440sessionmgr1 1 1amphid127ampbdataJandGUQZWRzLWXpde3d bbshampAN6543 8784 Grow B Foust D Thornton E Farzad R McGregor J amp Zegal S 2007 Out at home depot Business Week Retrieved from httpWWWbusinessweekcomstories200701 14out athomedepot Mitchell TR Biglan A Oncken GR and Fiedler RE 1970 The contingency model criticisms and suggestions The Academy of Management Journal Vol 13 No 3 pp 253267 Retrieved from httpWWWj stororgdiscover 102307254963 uid2482844087ampuid2134ampuid3739 BUSINESS ETHICS 60ampuid2ampuid70ampuid3ampuid2482844077ampuid3739256ampuid60ampsid21 1048366 9493
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'