C206 Task 2

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School

Ashford University *

*We aren’t endorsed by this school

Course

206

Subject

Management

Date

Jun 26, 2024

Type

docx

Pages

7

Uploaded by rakoz12

1 C206 Task 2: ETHICAL LEADERSHIP C206 Task 2: Ethical Leadership  Western Governors University August 2, 2023
2 C206 Task 2: ETHICAL LEADERSHIP C206 Task 2: Ethical Leadership  A: Corporate Social Responsibility In the ever-evolving world of business, corporate social responsibility (CSR) has become an integral part of successful business strategy. A solid financial position has traditionally been considered a sign of social responsibility. Socially responsible organizations have strong finances. As a result, corporations understand the importance of making business decisions that are socially and environmentally responsible. CSR (Corporate Social Responsibility) encompasses people, the planet, and corporate profits. Corporations can accurately measure how effective their CSR efforts are when they equalize and measure these three views. A1: Primary and Secondary Stakeholders A stakeholder is an individual or entity who may be affected by an organization's actions. Depending on the nature of the interest, it may be financial or non-financial. The following are the types of stakeholders: Primary Stakeholders: Organizations and individuals with direct or contractual relationships with them are dependent on their overall financial health. A few examples are employees, investors, customers, and suppliers. Secondary Stakeholders: Individuals or groups with an indirect relationship to the organization. There is no formal or contractual relationship between them, and their financial well-being is not dependent on the organization. A few examples are communities, the media, and activist groups.  The primary and secondary stakeholders of Paradigm Toys are the same as those of any other organization. Paradigm's employees are the primary stakeholders since they are directly
3 C206 Task 2: ETHICAL LEADERSHIP connected to the company and financially dependent on its success. The community is a secondary stakeholder. Paradigm has an indirect relationship with the community. Organizational actions and success have an impact on the community. In addition to employing community members, Paradigm does business with other local businesses. A2: Responsibility for Stakeholders In order to meet its CSR responsibilities, Paradigm Toys can: Stakeholders – Employees: Assure a safe working environment for employees and provide them with a competitive salary, retirement plans, medical, dental, and vision insurance, and tuition reimbursement. The actions taken by Paradigm will result in a safe and healthy work environment, as well as compensation and benefits that support employees' goals of living an enjoyable life. Secondary Stakeholder - Community: Make Paradigm Toy's production and operations environmentally sustainable and do not negatively impact the community. Environmental responsibility ensures a safe, healthy environment for all members of the community. By making charitable donations to organizations that improve health in the community, such as a local food bank and free medical clinic, Paradigm can support the community. B1 & B1A: The Significance of Developing and Fostering an Ethical Culture An ethical culture must be developed and nurtured within an organization. Ethics culture establishes expectations and standards for the behaviors and responses an organization should use when confronted with ethical dilemmas. The establishment of an ethical culture ensures that employees and leadership share the same ethical values.  Developing and nurturing a strong ethical culture within Paradigm Toy is an important responsibility of the leadership team. Leadership at Paradigm acts as a role model, engages
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