1. WHAT IS MANAGERIAL RESPONSIBILITY FOR ETHICAL LEADERSHIP
             In today's business world, the bottom line is all to often regarded as the end-all, and whatever means it takes to reach that end is "permissible." What is missing in this rush to show a better bottom line than the previous quarter or fiscal year is that the idea of fairness in business dealings often goes out the window. We are living in an age of management-by-whatever-means necessary. We have seen examples from Enron to WorldCom, even to FEMA in the wake of Hurricane Katrina prove that deviousness is acceptable to many. What management needs to provide to its managers who are to be the company's future leaders is a sense, not merely of fairness, but of commitment to ethical standards. It is a matte of fairness, and a commitment to be fair to others as we would others to be fair to us- an update of the Golden Rule. Here is why James Q. Wilson (1993) considers the problem of ethics and moral judgments to be a matter of commitment. "Commitments are both useful and honorable. We are fair because we wish others who make commitments to us and because we condemn unfairness as a violation of a general social contract" (Wilson 42). Each corporation must establish and adhere to a standard code of ethics, to be signed by every manager and every new hire. Maybe it is time to return the principles of the Golden Rule to the business world of the 21st century.
             2. TRUST, COOPERATION AND PRINCIPLES ON CORPORATE EFFECTIVENESS
             "Trust" is a dangerous word to use in today's American business world. The reason can be seen in daily headlines about downsizing, plant closings, outsourcing of jobs to Third World low-=wage nations, and the impending malaise in an economy overburdened with debt and less spending by consumers. The fact is the gulf between top management and workers is expanding. On one hand, management feels that employees ar...