Business Ethics And Sustainability

1337 Words6 Pages
The importance of ethics and values in business sustainability is undeniable. Ethics has been defined as, “Moral principles that govern or influence a person’s behaviour”- Hornby. Ethics is different from business ethics however, business ethics is defined as “Written or unwritten codes of principles or values that govern decisions and actions within an organisation”. Therefore we can see that the ethics, moral standards and behaviour of the consumers, employees, entrepreneurs or management teams does not concern business ethics.
Business ethics has to do with the ethical behaviour and decisions of the entire organisation as a whole. This means that the decision to behave or act ethically is a moral one. Decision making that happens within a business is made by individuals or groups that need to make the decision on whether or not to act ethically, this may mean avoiding a decision that could produce the most profit for the organization because it is unethical and does not uphold the values of the organization or business.
When looking at business ethics it is important to differentiate between the types of ethics. The main types of ethics are descriptive ethics, normative ethics and analytical ethics. Descriptive ethics is described as how people behave the moral standards they claim to follow. Normative ethics is described as creating or evaluating moral standards, it is an attempt to discover what people should do or whether their moral behaviour is reasonable. Analytical ethics is described as the study of assumptions people make under normative ethics.
Sustainability is an “enduring and balanced approach to economic activity, environmental responsibility and societal benefit”- Tata Steel. Sustainability is about meeting the ...

... middle of paper ...

...nd allows for everyone in the company to be involved. It also means that leaders work alongside employees, creating greater guidance and support for the employee.
A lot has been said about how important leadership is and a few leadership categories have been explained, but it is also important to understand which factors influence a leader. By having knowledge about what influences a leader and what traits leaders possess it can be seen how they affect a company’s success and how important their leadership is for any business organisation to be successful.
There are eight main traits that an effective leader must possess. Intelligence, Knowledge & expertise, maturity, high energy, self-confidence, integrity & honesty, stress tolerance and dominance. These traits allow for a well-rounded leader that is capable of managing people and dealing with almost any situation.
Open Document