I have a two-part question:
1. Would you describe the financial meltdown in the 2007-2008 financial markets as a failure of “people” of our “capital market processes? Why? Provide supporting thoughts with ethical theory and examples.
2. Why is diversity and discrimination two important ethical factors that leaders should focus on while attempting to manage their workforce? Provide one example of how mismanaging these issues have had an impact on an organization? How would you explain the importance of this to your employees?
Requirements: 1 full page per question (2 total pages), with 1 reference for each question (APA Style)
Given the significance of promoting diversity and eliminating discrimination, I would communicate the organization’s commitment to foster diversity and eradicate discrimination against employees in multiple ways. The first step is to develop policies and guidelines that govern decision-makers addressing HR-related concerns like recruitment and promotions. The best way to communicate such sensitive matters is through action because they demonstrate the organization’s seriousness about discrimination and diversity (Associated Press, 2022). Another approach is to sensitize employees on the pursuits that the organization seeks to attain by embracing diversity and eliminating discrimination. Demonstrating that such policies benefit both the organization and the employees by creating a healthy working environment for all parties will make them more enthusiastic to abide by the stipulated policy guidelines.