Essay Homework: Business Ethic
Read Cases from the Real World: Competition and the Markers of Business Success, found in the following:
Byars, S., & Stanberry, K. (2018). Why ethics matter, chapter 1. Business Ethics. Rice University, OpenStax.
Crippen, A. (2008). Warren Buffett: People thought "I was doing some sort of Ponzi scheme."
What is an ethical leader? They lead by example and exemplify ethical decision making and conduct focused on a common good. They are known to act with integrity and inspire respect among peers, constituents, and subordinates. Successful ethical leaders are champions of their beliefs and communicate them throughout an organization to develop a supportive culture.
Keep in mind that all people possess virtues and vices, and while they may strive to support ethical tenets, they may fail at times.
Task
Address the following in a 4 pages essay, demonstrating your critical-thinking skills:
I. Discuss Warren Buffett's approach to business dealings, especially as they relate to business ethics.
II. Compare that approach to Bernie Madoff's.
III. Apply ethical philosophies that you have learned about in this Module and state which you think apply to Mr. Buffett.
IV. Which ethical philosophies apply to Mr. Madoff? Why?
Create a table where you compare and contrast these two investors from an ethical standpoint. Be sure to discuss your table in your paper.
Write a well-integrated paper with a strong introduction and conclusion, and use a few section headings (i.e., do not simply follow a Q & A format).
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.