Management of Risk for Leadership and Ethical- myassignmenthelp

Question: Discuss about the Management of Risk for Leadership and Ethical Practice. Answer: Introduction This report focuses on the leadership practices in light of different bases of power, morals, ethical reasoning and ethical leadership. In this report, Broadcom Limited Company has been taken into consideration. In order to reflect on the leadership, Graham Gibbs (1992) six steps have been followed. Description It is evaluated that the most difficult leadership challenge is related to maintain an ethical climate in organization. Leaders can exert influence over an ethical climate on the basis of virtue of the position they held in company. Broadcom Limited Company is multinational company and more than 15,700 employees. I have worked as an employee over there. In Broadcom Limited Company, there are several leaders who are working in each and every section of organization abusing their position in different way (Day and Miscenko, 2016). Feeling During my employment in that company, I realised that leaders are abusing their power to take personal advantages in the business process system of organization. They give less work to employees who are close to them and more work to them who are having no relation with them. This kind of work practice in allocation of work and leadership style have bad influence over the ethical climate of organization and also result to demotivation among employees. Company may face several issues such as employees disappointment, high cost of production and increased labour turnover. It is observed that leaders should understand the impact of their unethical leadership practice (Zulaihah, 2017). Evaluation After evaluating the case and all the related information, it is inferred that leaders needs to be unbiased with each and every employees. If they take undue advantage of their position then it will not only decrease the business efficiency but also result to high loss of business in long term. A leader in Broadcom Limited Company needs to use ethical leadership skills but also develop an ethical philosophy in the business process system. Nonetheless, these issues and problems could be evaluated by using employees log book, annual report and employees appraisal forms. I realised that this bias leadership style in allocation of work will jeopardise the efficiency of business. Therefore, it is inferred that corrupt and absolute power corrupts the leaders in absolute way if they do not have values and code of working standards. Analysis It is evaluated that a leader needs to create check list and ethical values which they could follow in their leadership style. If they practice bias free leadership style then they could influence employee in more positive way. In process of Broadcom Limited Company, leaders are taking undue advantage of their position and allocating less work to their relatives and more work to other employees. This may result to chaos in the business process at the certain point of time. Nonetheless, it will eventually increase the overall output and efficiency of the business at large. Leaders can influence others if they are admired and liked by other employees. In Broadcom Limit d Company, leaders have neither their own values nor they are consistent with the organizations value (Lichtenstein, et al. 2016). Conclusion It is evaluated that leaders have access to variety of sources and all these sources could be used by them to make their leadership style more ethical and legal. If they follow proper rules and work ethically then employees would be more reliable. Now in the end, it could be inferred that if leaders use unethical business practice then in long run it will surely destruct the value of the organization. Action All the leaders should follow ethical leadership code of conduct. This code of conduct and leadership practice will motivate employees and reduce the labour turnover as well. In addition to this, below given table would also assist leaders to follow proper ethical leadership practice (Uhl-Bien, 2016). Preparation of Ethics and compliance glossary Determine the standards values and ethical program. Formulation of code of conduct Build a culture of integrity Re-evaluation and proper check This above given action plan reflects the procedural check which will assess whether leaders are leading employees ethically in the best interest of organization or not. It is considered that culture of organization should be employees oriented. References Day, D. and Miscenko, D., 2016. Leader-Member Exchange (LMX): Construct evolution, contributions, and future prospects for advancing leadership theory.The Oxford handbook of leader-member exchange, pp.9-28. Lichtenstein, B.B., Uhl-Bien, M., Marion, R., Seers, A., Orton, J.D. and Schreiber, C., 2016. Complexity leadership theory: An interactive perspective on leading in complex adaptive systems. Uhl-Bien, M., 2016. Relational leadership theory: Exploring the social processes of leadership and organizing.The leadership quarterly,17(6), pp.654-676. Zulaihah, I., 2017. Contingency Leadership Theory.AL-TANZIM; Jurnal Manajemen Pendidikan Islam,1(1), pp.1-14.