I’m stuck on a Business question and need an explanation.
Module 1 – Case
For a Successful Start—Business Ethics
This assignment provides you the opportunity to learn about ethical business behavior that is all around us.
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. Retrieved from http://cnx.org/content/col25722/1.3 pg. 15. CC BY 4.0 license
Also view the following interviews with Warren Buffett:
CBS Sunday Morning. (2017, December 3). Sunday profile: Warren Buffett [Video file]. Retrieved from https://www.youtube.com/watch?time_continue=168&v=O665cNwMVGw.
PBS NewsHour. (2017, June 26). America should stand for more than just wealth, says Warren Buffett [Video file]. Retrieved from https://www.youtube.com/watch?v=S6irBmOnQEc.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” Warren Buffett
What is an ethical leader? These individuals 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.
In this assignment you have the opportunity to learn about Warren Buffett as well as another business leader of a well-known company or corporation of your choice that you have not had an opportunity to study yet. (Select a leader you are unfamiliar with.)
Keep in mind that all people possess virtues and vices, and while they may strive to support ethical tenets, they may fail at times.
It might be helpful for you to review the following lists of virtues and vices to see examples.
Niche Partners PTY Ltd. (n.d.). A list of the 52 virtues. http://www.52virtues.com/virtues/the-52-virtues.php
VirtueScience.com (n.d.). List of vices. Retrieved from https://www.virtuescience.com/vicelist.html
Address the following in a 3- to 4-page essay, demonstrating your critical-thinking skills:
- Discuss Warren Buffett’s approach to business dealings, especially as they relate to business ethics.
- Apply ethical philosophies that you have learned about in this Module and state which you think apply to Mr. Buffett.
- Utilize two of Mr. Buffett’s quotes that you have found through an Internet search that pertain to business ethics and discuss their meaning.
- Compare and contrast your chosen leader’s behaviors to what you have learned about Warren Buffett.
This assignment should utilize third-person voice. 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).
Use your module background information and any other reliable sources you wish to find. For all sources, provide in-text citations and include a reference list.
General References Useful for Preparing Graduate-Level Papers:
For a list of general reference sources related to locating library sources, using APA formatting, applying critical-thinking skills, and so forth, see General References Useful for Preparing Graduate-Level Papers. It is not required that you read these sources page-by-page, but rather use them as guides.
Your submission will be evaluated using the following criteria from the Case grading rubric, located in the Case dropbox:
Assignment-driven criteria: Covers all key elements of the assignment in a substantive way.
Critical thinking: Conceptualizes the problem. Multiple information sources, expert opinion, and assumptions are analyzed, synthesized, and critically evaluated. Logically consistent conclusions are presented with appropriate rationale.
Business writing: Mastery in written communications and a skilled, knowledgeable, and error-free presentation to an appropriately specialized audience.
Effective use of information: Locates relevant and quality sources of information, using strong and compelling content to support ideas, convey understanding of the topic, and shape the whole work.
Citing sources: Mastery using in-text citations of sources, proper format for quotations, and correct format of full-source information in the reference list using APA style (bibliography).
Timeliness: Assignment submitted on time or collaborated with professor for an approved extension on due date.