Table of content
1. Introduction
2. Importance of values and ethics in the business
• Ethical conducts in organisations
3. Importance of leadership in the success of business
Introduction
“Ethics can be defined as moral principles that govern or influence a person’s behaviour and values are the context in which an organisation or society’s norms are established and justified” (buzz text book).Ethics are the guidelines helping us tell the difference between the is wrong and right. Most people are encouraged by ethics to normally do the right things. Ethics and values are based on individual beliefs and standards in society that one if from, they vary from person to person. Leadership is the authority and capability for one to lead people in an organization in order to achieve goals. They are the main role players in all the organizations and are crucial to their success. Ethics in a business means taking the precise way’
The importance of ethics and values in business sustainability
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 ...
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...sation and its employees, assists employees to bind effort altogether and work effectively as a group. Leaders revitalises people toward goals in order to be successful and for the survival of the organisation. leaders stimulates employees towards reaching goals.
A business short of leadership often fails and has no chance of survival. An organisation with no leader is like “an army without generals”. A leader can make an organisation successful or break it depending on the skills they have. An expert in leadership warren Bennis said, on capital can borrow money and one with poor location can move to point b “A business short on leadership has little chance of survival”.
References
• http://businesscasestudies.co.uk/tata-steel/business-ethics-and-sustainability-in-the-steel-industry/what-are-business-ethics-and-sustainability.html#ixzz2ziCOYLdZ
Leadership can be defined as the way through which one individual has impacts and influences the attitudes and behavior of other people at a workplace. The tasks of leaders in corporations include organizational as well as departmental activities. Leaders are responsible fr coordination of these activities so as to reach the goals successfully by motivating and inspiring team members. (DUYGULU, Ethem and Ciraklar, Nurcan, 2008). Besides, leaders are supposed to resolve issues by avoiding conflicting situations related to work and strive to boost progress on achieving the overall objectives of a company. Moreover, great leaders provide the required knowledge,
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
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.
German Philosopher, Immanuel Kant once said, “In law a man is guilty when he violates the rights of others. In ethics he is guilty if he only thinks of doing so” (1800). The word ethics refers to “character” and “conduct” (Northouse, 2015, p. 330). It is deeply “concerned with the virtuousness of individuals and their motives” and “the kinds of values and morals an individual or a society finds desirable or appropriate” (Northouse, 2015, p. 330). Thus, “in regards to leadership, ethics is concerned with what leaders do and who leaders are” (Northouse, 2015, p. 330). Ethics in leadership allows leaders to make decisions regarding what is virtuous or not in a situation. All throughout the history of American government, difficult decisions have been made and the fight for ethics has always been “implicitly or explicitly involved” (Northouse, 2015, p. 330).
Leaders are the individuals who help to create options and opportunities. They help in identifying the choices and solve the problems. They build commitment and coalitions. Leaders do this by inspiring others and working along with them to construct the shared vision of the possibilities and commitments of a better group, organization or community. They engage the followers in such a way that most of the followers become leaders in their own right. The variety of demands of an increasingly complex world very often require that leadership be shared by most of the members of an organization, in appropriate ways for different situations. A leader is the on...
Ethics have been apart of life since we born. We are taught at a young age to not still, and that it is bad; to always hold that door open for older people, and to just be whole heartily kind. Also we have to think ethically every decision we have to make and to take everything in apart of what you decide, even keeping you in interest. It is important to consider a situation or contest in which moral problems occur. Also it is important to establish moral principles, rules and guidelines. Another is on how businesses apply ethics to make then well rounded, which is important for anyone in business or going into business. The last important thing is why we cannot have the central problems of morality how to attain agreement in a moral system
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.
Kouzes and Posner’s (2012), original study took place in 1987. “The more defective our leaders, the greater our longing to have highly ethical leaders” (Ciulla, 2004, p. 3). In spite of the fact, that ethics and leadership are obviously interrelated in most cases. This led us into checking for definitions of both variables. Ethics can be defined ‘as the standards of good or bad and right or wrong’. Hultman & Gellerman, (2002). The word ‘ethics’ originated from Greek word meaning, customs, conduct, moral, right and wrong. Northouse, (2013, p. 424). Therefore, ethics is a process of what it’s called values and moral principles an individual or society reflects are desirable and acceptable Northouse, (2013). Ethics in leadership is the test of right and wrong, good and bad, and the moral principles of the leader and follower relationship. Ciulla, (2004). Psychologically, the behavior of ethics ascertains how people view values, ethical leadership evaluate the relative importance of ethical values, and the way we treat each other every day. Gini, (2004, p. 31, 34). As the ethics definition and more specific leadership ethics definition means, the moral
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.
Ethics are the morals principles that we obtain through various means, such as religion, culture, etc., that people live by. Values are the way we feel about honesty, wrong-doing, etc. Ethics and values help determine the way employees and members of the business should act and how they should act to show how what the business stands for. The business has a number of ways in which it helps employees can use ethics and values to show the importance in business sustainability.
Ethics in the workplace is a very important thing to have. Without a sense of ethicality in the workplace there are many things that could go wrong. You could even end up losing a job because of a lack of ethics, or other consequences could be felt due to a lack of caring or morality. The workplace is a place that you should show respect and dignity, and a deeper sense of ethics is very important in order to uphold these senses of morality. Workplace ethics, which include such things as behavior, integrity, commitment, teamwork, and other things, are important, if not required, in most workplaces and can help to improve performance and morale for workers and employers.
Ethical leadership is having an understanding of who you are, what your core values are, having the courage to live them all, in your personal life as well as your work life. Ethical leadership involves leading in a manner that respects the rights and dignity of others. Ethical decision making and leadership are the basis of ethical organizations. Leadership is a relationship between leaders and followers. The foundation of this relationship is trust. The leaders themselves must be ethical in their decisions and actions in order to influence others to behave accordingly. Ethical leadership is to know one’s core values and having the courage to live them through one’s life. Ethics and leaders go hand in hand; ethics is the heart of leadership.
There will be probably any sort of organization that achieved its goal of high profit without the assistance of the leaders. There is a need to take into consideration, the difference between the leader and the manager. Leader is a personality that leads the team, while the manager is the personality that manages the things by being at the back of the team. Both of the words speak about themselves and have their own values and the importance.
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
First and foremost, leaders help to motivate and develop employees in a workplace. There is a popular quote that states, “a manager