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5 pages/≈1375 words
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MLA
Subject:
Management
Type:
Term Paper
Language:
English (U.S.)
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Topic:

Personal Code of Ethics and Decisions

Term Paper Instructions:

The personal code of ethics will be based on your values assessment, the content we learned about in class, and your own reflection about the type of leader you want to be. I hope it will provide a significant closure of this class and will help you later in your life and career.
#Section 1: In the assignment, you should first discuss the following questions (1-2 pages; Times New Roman, single-spaced, 12 font, with one-inch margins on each page):
What did you learn about yourself from your decisions in the cases discussed in class?
What biases do you think were most interesting and important to know about?
Which do you think are most relevant to your life?
Did any of the biases surprise you?
What tools did you gain from this class to help buffer you against these decision making biases?
#Section 2: After all of the assessments, readings, discussions, and introspection, I want you to think about what it means for you to be a leader who leads with values. You should write a brief, one-page statement about the type of ethical leader you aspire to be—this is your personal code of ethics. This is essentially a contract with yourself—something you can read going forward to make sure you are leading in line with your espoused values.

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Personal Code of Ethics
Question 1
One of the things that became evident during the discussions of cases in class was that emotions and my connection to people could get the best of me when it comes to decision-making. The decision-making process ought to be emotion-free. According to Loewenstein and Lerner (619), for a long time, the decision-making process was viewed as a cognitive process where options were assessed based on merit. However, the authors indicate that it was soon discovered that emotions play a big role in how people make their decisions. For example, any decision that involves children often has many women and mothers in general compromise on their decision-making. In the cases in class, I found myself compromising on my ethical principles and morals because of the emotions that a scenario drew out of me. For example, in the scenario where I let the married employees off the graveyard shift, I said it was ethical to do so because of the influence of children. As Zulfiqar and Islam (140) indicate, human feelings play a great role in influencing the outcome of a cost-benefit analysis during the decision-making process.
The other thing that I learned about myself is that I am not as ethical as I happen to think I am. Everyone believes they are the most ethical and uncompromisable individuals in the world. I happen to think quite highly of myself, and my values and principles have always guided my decisions. However, the scenarios and cases we went through in class made me realize that some instances in life can make me compromise on my principles. In the case involving the pharmaceutical researcher, I remember feeling a little overwhelmed that in Scenario B, the drug ended up being successful and profitable. Such cases are criminal and should warrant arrest and a long jail term, but I remember being relieved mainly because the outcome was positive. Sezer et al. (13) warn of the impending danger of focusing on desired outcomes while neglecting the path leading to the outcomes. From their article, I was challenged to remain consistent in my values regardless of the outcome of a case.
Question 2
Two biases proved interesting and crucial to know and learn about in class. These biases include the outcome bias and the confirmation bias. The reason why I consider these two crucial for me is because they happen to be quite common in the world, and few people are aware of the times they happen to showcase these two biases. According to Murata et al. (3911), often, people ignore the process and focus largely on the outcome of a process as long as it agrees with their set expectations. At times, people are comfortable compromising on their morals as long as the outcome is sufficient in their eyes. I found myself incredibly guilty of this bias. Often, I have focused on the outcome of something with little regard for how I get to the outcome. For example, there are times that I have failed to study as I know I can. However, when the test period is almost due, I end up spending sleepless nights trying to play catch-up. Even though, at times, I do pass, this greatly leaves me exhausted, and I end up needing a lot of time to recuperate.
Secondly, I found the confirmation bia...
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