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Importance of ethics in business
Importance of ethics and values in business
Importance of ethics in business
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Introduction Based on data compiled over a five-year period, Bustin (2014) discovered that the greatest threat that businesses faced in trying to accomplish and maintain a high level of performance, was the lack of accountability. This information he was able to glean from his interviews with over 3500 executives worldwide. He concluded that most businesses were not operating effectively, because of accountability issues. Accountability therefore, is a critical component in the efficient operation of a business, and therefore the leadership of every business needs to develop a culture of accountability within the organization. In order to facilitate this process, Bustin (2014) compiled the principles and practices that he gleaned from the executives he interviewed, and from those evolved his Seven Pillars of Accountability. Using these pillars, with a sense of intentionality, he posited, serves as a roadmap to help businesses build and enhance accountability from within, resulting in a more effective and productive business.
The Seven Pillars of Accountability
Bustin’s Seven Pillars of Accountability for building a culture of accountability
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As a leader who views accountability as crucial to the success of my business, there are a few strategies that I will need to put in place. Knowing that if there is compatibility between what I say and what I do, people will trust what I say, I realize that I need to walk the talk (Johnson & Phillips, 2003). My actions must reflect the values and mission of my business. Bustin (2014) presented the Seven Pillars of Accountability as a model for building a culture of accountability in our enterprise: Character, Unity, Learning, Tracking, Urgency, Reputation, and Evolving. As a leader in my business, my responsibility would be to implement these pillars to the best of my
• Accountability: We don’t say, “It’s not my fault” or “It’s not my job.” We take responsibility for meeting our commitments – our personal ones as well as those of the entire organization. We take ownership of the
Merriam-Webster Dictionary defines accountability as: “the quality or state of being accountable; especially: an obligation or willingness to accept responsibility or to account for one 's actions. Accountability is one the most important aspects in the military and civilian life style. Holding Marines accountable for their actions and having every Marine and piece of gear assigned to you accounted for is required at all times. It ensures the safety and stability of all the Marines.
Responsibility is a word used improperly too often in one’s everyday life. It is the state, to which one is acting accountably for something within his or her own power, control, and/or management. It is the ability to comprehend rational thoughts and make decisions within one’s moral compass. Beginning at a young age, we are taught the importance of responsibility on a daily basis. Whether it be on the basis of taking responsibility for foolish past actions, or behaving responsibly to develop one’s aptitude of dependability when tasks must be accomplished, the action of being responsible ultimately leads to adding meaning and value to one’s life. After reading The Responsible Company, by Yvon Chouinard and Vincent Stanley, one can begin to comprehend the true meaning behind utilizing corporate social responsibility (CSR) during business practices. Chouinard speaks about the moments in his career, where a company is encouraged and cultivated passed its ordinary human excellence to become more responsible when dealing with the many diverse environmental issues within the business cycle. Although there are many concepts and moments that Chouinard establishes as important, there are a few moments that seemed to have a deeper meaning and deserved another moment of reminiscence because it increased peoples’ sense of responsibility and capability to act responsibly.
Web. The Web. The Web. 26 Jan. 2014. Corporate Accountability International.
Accountability defined as the responsibility of an individual in a position of an employee or student. In this section, I am going further to mention some situations and how does this situation demonstrate the responsibility that reflected from the dimensions of my personality, including conditions from communication, diversity awareness, decision-making and problem solving. First am going to point at some of my situation that I experienced as a student and then build it up to the situation that I faced in the work placement program as an employee.
The hardest skill for a manager to master sometimes is delegation. It is a skill that, at the root, is fundamental in the ultimate success in whatever endeavor one would encounter. Delegation is very important, especially in the business that I am in, the parcel industry. United Parcel Service is a multibillion dollar corporation where I am currently employed. Within its structure, without those who can properly delegate, it would be virtually impossible to manage its many processes effectively. It actually starts at the top of the chain, the corporate level. Within our corporate setting, we have different elements that are rolled up into what one would call a balanced scorecard. The scorecard consists of four major elements, business, people, turnover, and technology. Regional Managers role out the elements that is pertinent to their particular sector of the operation. These are delegated to those at the district level (managers). The hierarchy is as follows Corporate, regional, district, division, center. I personally fall into the category under center management. The center manager rolls out tasks to the full-time supervisors who then, in turn, roll out tasks to me as a part time supervisor. The jobs and tasks that I am personally responsible for directly correlate with those who are at the top of the chain, just at a smaller portion. The absolute key in delegation would be to have solid controls in place for accountability. You will notice that this will be a recurring theme within this paper. Without accountability within the infrastructure, can there really be success in delegation in any industry?
I show accountability everyday in my life when it comes to my athletics or academics. I have a very structured life here at Georgia Southern and my golf coaches require me to be in different places throughout the day. Being on time to workouts, qualifying rounds, practices, and lunches requires accountability in myself and knowing when I have things I must
Accountability is a trait that seems to be increasingly more rare every day because no one wants to own up and take responsibility for their actions. Growing up I was taught to be responsible for my actions and to always own up to my mistakes. Honesty is one of the most important values I hold and I believe that honesty and accountability go hand in hand. I feel that I am very accountable because I am not afraid to admit when I messed up and know how to use mistakes as a learning experience and not repeat them over
Connie and her staff are on the right track to avoid manager mishaps as they have reformulated and redefined manager roles of what is expected of them from the viewpoint and perspective of the company. Connie and her staff have experienced a scandal and have taken executive actions in firing certain mangers running the sales team as their actions have brought embarrassment and shame as they try to recover their reputation. Defining new leader rules and core values of the company is the job of the executive team. It is the executive team which sets the standards of the company, the roles of employees and managers, and outlines the synergy between the company and mission statement. The executive team must revisit the outlined roles, values, and expectations of their managers due to failures experienced with past managers ultimately resulting in the defacement of the company as whole.
Performance management is a process that guarantees an organisation and all of its available resources are working collectively and effectively towards achieving the organisation’s mission or goal. Performance management affords an understanding of what drives an individuals, and even organisations, performance at all levels. An understanding of performance management allows for the identification and minimisation of unproductive areas of an organisation, as well as an ability to predict future performance. It is a powerful tool that can be used by managers at all levels of an organisation to help improve a company’s productivity.
According to Luterman (2016), trust is the foundation for a healthy relationship. There are three elements needed to build trust in any clinical relationship, which include: a) caring, b) consistency and c) credibility. Initially, patients will trust a clinician based on their Au. D. title (i.e., degree). However, it is important to consider each component of trust individually to establish and maintain a successful relationship.
1. This week I learned some very valuable lessons on accountability and the importance of getting it right when in a leadership position. Throughout this paper I will reflect on what I learned, how accountability affects the unit and how it relates to the Air Force core value of Excellence in all we do. I will highlight some of my mistakes and pitfalls during my time this week as the squadron leader, in an effort to identify the areas that I will improve on in the future.
As healthcare workers, we hear phrases like professional accountability and lifelong learning every so often. Mostly, we hear it during in-services and a few other times a year while adhering to our facility's education policy. Unfortunately, when our work environment foster valuing accountability and lifelong learning once in awhile, we miss the importance of accountability and the value of learning in our everyday practice. Learning doesn't take place a few times a year. It is a continuous process. One that is never complete and should happen everyday. Similar to how accountability isn't something we think about twice a year. We should think about accountability with every action we take. Accountability impacts our practice and the care we provide for our patients. Measuring myself against an established truth of what is ethical and legal nursing practice allows me to be the type of nurse that is needed. To be accountable is to be responsible for my actions. It is to understand that what I do and say impact the lives of my residents.
The most common phrase I have ever heard come my mom is “You’re so irresponsible.” What does it really even mean to be considered “responsible?” I have never been known as being responsible until this current year. I have had a rough year, I’m not fond of talking about this sort of topic to a random group of strangers. Although, I am proud of every event that I’ve been through and see myself as a strong woman.
Responsibility accounting is the practice that focuses on providing financial information useful in evaluating efficiency and effectiveness of managers or department heads, on the basis of financial performance directly under their control. Responsibility accounting is also based on the assumption that every cost incurred must be the responsibility of one person somewhere in the company. Examples could include; the cost of rent being assigned to the person who negotiates and signs the rental agreements; or the cost of an employee’s salary being the responsibility of that person’s direct manager, or human resources manager (S. Bragg, 2010).