You will assume the role of a leader and decide what strategies you will use to develop a strong organizational ethical climate. In your position as a leader, you will need to identify primary and secondary stakeholders and satisfy their concerns, understand the organization’s ethical standing, and develop an ethics training program.
Scenario:
You are a business manager of Paradigm Toys, a publicly held company that is a retailer and manufacturer of children’s toys. The board of directors has asked you to conduct an ethics audit of the company and report to the board if you find the need for ethics training.
Requirements:
Prepare a report (suggested length of 6–8 pages) for Paradigm Toys in which you do the following:
a. Discuss the value that an ethics audit could bring to Paradigm Toys.
C. Develop the ethical framework that you would use if you were faced with an ethical dilemma by doing the following:
1. Identify and analyze an ethical dilemma in a business setting. (An example of an ethical dilemma can be found in Task 1. The example in Task 1 cannot be submitted as the specific ethical dilemma response for this aspect.)
2. Evaluate two potential solutions to the ethical dilemma identified in part C1.
3. Explain which solution from part C2 you believe is the more ethical choice.
1. Identify three key topics that you would cover in your ethics training program.
a. Explain why you would include the three topics from part D1 in your training program.
2. Recommend a delivery method and justify why you believe it would be the most effective for the training program.
E. Acknowledge sources, using in-text citations and references, for content that is quoted, paraphrased, or summarized.
Answer preview
Any operating company or business is defined by its adopted beliefs and behaviors, that guide all operations within the company. According to Mökander & Floridi (2021), any company that is socially responsible has a culture driven by ethical principles. That means the organization must respect its employee’s efforts, prioritize the customers’ needs, and any other duties that show the company’s commitment to being socially responsible. Therefore, an organization can’t achieve CSR without a strong ethical culture.
Role of Paradigm Toys’ Leadership in Fostering an Ethical Culture
The Paradigm Toys organization’s conduct is influenced by both internal and external factors. Employees’ interests influence internal pressures because they want better pay for an appreciation of their efforts. Paying employees is a business regulation but recognizing their efforts and compensating them is an ethical policy (Mökander & Floridi, 2021). Therefore, Paradigm management can foster an ethical culture and increase employees’ productivity by compensating them based on their accomplishments. Through that, the management will promote an attitude of honesty and hardwork.
