Business Analysis

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The term Business can be defined as an organization or enterprising entity engaged in commercial, industrial or professional activities. A business can be a for-profit entity, such as a publicly-traded corporation, or a non-profit organization engaged in business activities, such as an agricultural cooperative (Investopedia Dictionary). Business, from its early years of existence to the modern day world, has been about ethics, culture, values and norms of its environment. Business success is defined in many ways such as sustainability or high profit margins to name a few. Factors such as these needs to be considered when starting up a business because the main aim of having a business is to generate profits and most importantly is to make your business as sustainable as possible. I’m sure no one wants to run a business short term, so therefore Ethical issues like Code of Conduct and whistle blowing to name a few, will be discussed further in detail. What will also be discussed is the role that Corporate Social Responsibility plays in ethical conduct, fair and sustainable business. Ethical behaviour of businesses is observed through them being socially responsible.

A successful business becomes a success when it has good leadership. Just like a Captain of a ship, a good leader of a Business has to drive the company’s ship to greater success and reach new frontiers all the time. Strong leadership is essential to drive management and business initiatives. Leadership styles will also be discussed in this assignment, they include: Autocratic Leadership, Democratic Leadership and Liassez-Faire (Free reign) Leadership. Leadership acts as the catalyst that makes all other elements work together; without leadership, all other business re...

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...s organisations? Well, it is extremely important to have that great leader to steer the business in great success. It was also discussed in the assignment about different types of leaders and styles and what kind or style of leadership does one prefer to influence their organisations positively and successfully. With good leadership in an organisation, business sustainability is guaranteed.

Linking the two topics, a good leader that has good ethical conduct and is bounded by good values will know that a business is only in motion because of its employees, suppliers and customers. A good leader will take all values of the customer, supplier and employee and translate them into company values to suit and satisfy everyone and that has a positive influence in business sustainability. So therefore, a sustainable business run by a good leader is a successful business.

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