The Power Corruption Cycle: How mishandling power can lead to corruption.
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Describe the way mishandling power can lead to corruption and how occurs in organizations today. Use an example to illustrate it from your research.
What is emotional intelligence? How is it related to leadership? How is emotional intelligence related to different leadership traits? What leadership traits might prevent corruption, or promote it? How might training and development in the area of emotional intelligence and leadership prevent corruption and unethical behavior from developing in organizations?
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This solution discusses how mishandling power can lead to corruption and how emotionally intelligent leadership can limit such corruption.
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The Power Corruption Cycle
The results of corruption:
According to the United Nations Office on Drugs and Crime (2007) "corruption within and between public and private sectors has become one of the leading problems for businesses all over the world...more than $1 trillion dollars (US$ 1,000 billion) are paid in bribes every year, which means that each year the cost of corrupt activities is equal to a full 3 per cent of the world's gross domestic product " (p. 1).
Describe the way mishandling power can lead to corruption and how occurs in organizations today. Use an example to illustrate it from your research:
The mishandling of power can most certainly lead to corruption, both in the private and government sectors. Found at the core of almost all scandals are those in higher positions, cutting deals to line their pockets, or the pockets of others who promise "turf" protection and or promotions. A very prominent scandal involving corruption practice is with the Department of Housing and Urban Development (HUD) and FannieMae. After many years of investigation, it was indeed found that the cause of the corruption stemmed from those in power abusing it. They created programs that affected the poor, but promoted a lavish lifestyle for themselves. They used obscure political polices to feed into their corruption, thus ending in a scandal that rocked the housing industry and sent it plummeting. http://www.downsizinggovernment.org/hud/scandals. This is an all-too familiar story that is repeated time-after-time.
What is emotional intelligence (EI)?
What is emotional ...
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