Ethics in Business

Case Study # 102927

Ethics in Business

A description of the sources of power of a chief executive officer (CEO) and a case study analysis of the changes instituted at Tyco after the conviction of their former (CEO).

984 words () | 4 sources | MLA | 2008 United States

Paper Summary:

This paper discusses ethics in business, particularly by the leaders of the organization. It describes the role of the chief executive officer (CEO) and the sources of power that he or she may have. The paper then discusses the ethical changes instituted at Tyco after the conviction of former CEO, Dennis Kozlowski, in 2005. The paper describes the case and how it was handled by the company.

Table of Contents:
The CEO and Power
Tyco after the Conviction of its CEO

From the Paper:

"The company also makes clear statements of its ethical principles on its website and calls for adherence to high standards "by establishing processes and practices that promote and ensure integrity, compliance, and accountability" (Verschoor, 2006, para. 8). The lapses of Kozlowski showed that the ethical structure in place before was inadequate, and only time will tell if the corrected system will serve to assure a more ethical operation in the future. Stopping the cycle of corruption is the goal, and bringing in every employee as an active participant in assuring ethical behavior is the primary means of achieving it."

Sample of Sources Used:

DuBrin, A.J., R.D. Ireland, & J.C. Williams. Management & Organization. Cincinnati: South-Western, 1989.
Heifetz, Ronald A. and Donald L. Laurie. "The Work of Leadership." Harvard Business Review (January-February 1997), 124-134.
Nahavandi, A. (2006). The art and science of leadership. (4th ed.). Upper Saddle River, NJ: Pearson Prentice-Hall.
Verschoor, C.C. (2006, April 1). Tyco: an ethical metamorphosis. Strategic Finance. Retrieved May 30, 3007 from http://www.highbeam.com/doc/1G1-144352595.html.