When explaining the importance of ethics and values in the sustainability of a business organisation I would like start to by exploring the definition of ethics and values. By understanding these definitions this will allow us to understand the significance of these two elements in sustainability of a business organisation and how they bring about or contribute towards the sustainability. I will also briefly discuss what sustainability is.
A business organisation is made up of employees and stakeholders individuals who are different in many ways. Too my understanding ethics are those moral principle that govern or influence the behaviour of individuals so then values would be your own attitude towards a thing. Basically your ethics would be influenced by the way you think, you’re up bring and cultural experience.
Ethics concern an individual's moral decisions about what is right and wrong. Decisions taken within an organisation are made by individuals or groups of people, but whoever makes the decisions will be influenced by the culture of the company. The decision to behave ethically is a moral one; employees must decide what they think is the right course of action. This may involve rejecting the route that would lead to the biggest short-term profit Ethical behaviour and social responsibility can bring a significant benefits to a business. For example, they may:
attract customers to the firm's products, thereby boosting sales and profits
make employees want to stay with the business, reduce labour turnover and therefore increase productivity
attract more employees wanting to work for the business, reduce recruitment costs and enable the company to get the most talented employees
Attract investors and keep the company's ...
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...reliance on influence leadership is essential in obtaining successful work accomplishment.
Should management fail to provide able or good leadership, informal leadership will develop which will eventually regulate the behaviour of employees and may come into conflict with managerial leadership.
Good leadership is essential to an organisations that shape the way we live, work and play. Leadership transforms potential into reality. Leadership is present in the systems theory without leadership inputs won’t be efficiently transformed into outputs of high standards leadership has direct influence on the productivity, working environment establishment of vision mission goals and objective through these statements being realised success will be achieved. It is the social skill of leadership which accomplishes organisational goals by utilising the potential of the employees
Leadership at times can be a complex topic to delve into and may appear to be a simple and graspable concept for a certain few. Leadership skills are not simply acquired through position, seniority, pay scale, or the amount of titles an individual holds but is a characteristic acquired or is an innate trait for the fortunate few who possess it. Leadership can be misconstrued with management; a manager “manages” the daily operations of a company’s work while a leader envisions, influences, and empowers the individuals around them.
In my conclusion, business ethics is the key to a successful business. Personal values plays a main factor to help you in business. “Whatever you do, work hearty, as for the Lord and not for men” (Colossians 3:23). In my business and personal life, I will make sure everything I do is from the heart and for the Lord. I will never put materialistic things over the works and calling of the
Establishing and implementing a strategic approach to improving organizational ethics is based on establishing, communicating, and monitoring ethical values and legal requirements that characterize the firm's history, culture, and operating environment” (p. 129). Ethics programs ensure satisfactory relationships with all stakeholders by aligning with all of their demands and needs, and determine conduct with customers and relationships with regulators, shareholders, suppliers, and employees (Ferrell, 2004). Values are a core set of beliefs and principles, one or many. A number of factors contribute to the development of values. These include membership in a community or culture, attitudes, beliefs, and behaviors.
Ethics is a social, religious, or civil code of behavior considered appropriate, especially that of a specific group, profession, or individual. Business ethics is the analyzation of moral and social accountability in reference to procedures and the making of decisions in a company (Merriam, 2015). While every individual has their own value system in regards to ethics, there is a type
The over-reaching question however is what is ethics? Ethics is defined as, an area of study that deals with ideas about what is good and bad behavior: a branch of philosophy dealing with what is morally right or wrong (Merriam-Webster, n.d.). Granted this a rather broad definition. However, ethics are the cornerstone upon which businesses must be built on.
You need to be able to easily offer your employees benefits, manage compliance, and control costs, especially as your business continues to grow.
Business ethics are a set of moral rules that govern how a business operates, how people should be treated within an organization, and how business decisions are made. They are a crucial part of employment and in managing a sustainable business, mainly because of the serious consequences that can result from decisions made with a lack of regard to ethics. Even if you don’t believe that good ethics don’t contribute to profit levels, you should realize those poor ethics have a negative effect on your bottom line in the long-run. Every business in every industry has certain guidelines to which its employees must stick to, and regularly outline such aspects in employee handbooks.
”Leadership involves the exhibition of style or behavior by managers or supervisors while dealing with subordinates; leadership is a critical determinant of the employees ' actions toward the achievement of the organizational goals” (Saeed, Almas, Anis-ul-Haq, & Niazi, 2014). Leadership is a strength that initiates, inspires, and guides the cooperation and attitudes of others on the way to set vision. Leadership is influential and involves several styles of approaches that involve trust, accomplishment and focus to reach a projected result. Using and implementing the ideas of others motivates new thinking and gains the confidence to build the trust and encourage everyone to work to the same goals (Northouse,
Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.
Motivating the workforce can be a massive advantage for PEP because motivating by making them feel valued and part of a team means the employees the workforce can work better which means improved quality of product or service to customers and therefore improve results for PEP. All businesses need to make a profit or a surplus. Profit is the money left over after all the expenses has been paid. Profit provides money for further growth, investment and rewarding the owner(s) as well as their shareholders. PEP need to increase their sales and market shares in order to make a profit.
Encourage the involvement of people at all levels and help people to use and develop their abilities for the companies benefit.
Leadership is the ability of a superior to influence the behaviour of subordinates and persuade them to follow a particular course of action (Barnard, 1938).It is the ultimate act which brings to success all of the potent potential that is in an organisation and its people and it transforms potential to reality (LEADERSHIP THEORIE...
Ethics and values are very important in guiding employees and management in an organisation. It encourages employees to be accountable and transparent and also in make ethical decisions. In an organisation that ethics are practiced there are less conflicts and there is consistency at all times even when an organisation undergoes difficult times. A code of ethics is established in an organisation to solve problems when the do arise and explains how employees should respond when faced with different situations. Values and ethics are important for employees to get along. Our values tell us what we think is important and that helps us in making right decisions. For example a person who values justice will not be coursing conflicts and will adhere to ...
Ethics is the study of right or wrong and the morality of the choices that individuals make. That basicly means the set of morals or responsibility that a person, group, or field have. Ethics can also be classified as code of morals. In business there are ethics that portray to business. These are called business ethics, business ethics just happen to be the application of ethics, morals, into the business field. Some examples of business ethics are obeying all rules and regulations even when nobody 's looking, which is pretty self explanatory, you shouldn’t be breaking rules. Even if it is as simple as washing your hands after you use the restroom or straight up lying to your customers, they are the ones making you money so if they find out
Leadership, without doubt, is a significantly important function of management. It helps to aggrandize efficiency and to fulfil an organization’s goals. Leadership is the ability of a manager to induce the subordinates to work with confidence, determination, courage and zeal. It is also defined as ability to influence a group towards the realization of a goal. Leaders should have the capability of developing future visions, and to drive the organizational members to want to attain the visions. This paper states my points in which I duly believe, justifies the importance of an outstanding leader in any organization.