Today, organisations are operating and competing in a dynamic and complex environment. Leaders play a central part in any success of an organisation because better leaders develop better employees which then in return develops greater success of an organisation. Ethics and values also play a central part in business sustainability. An organisation that is built on good ethics and values is most likely to succeed and have a good reputation. Ethics, values and good leadership are closely affiliated because these aspects contribute to the success and sustainability to any thriving organisation. John D Rockefeller said ‘Good leadership consists of showing average people how to do the work of superior people.’ That quote is very accurate, because a good leader with good ethics and values is able to motivate and influence other people to superiority. In this paper, I will be discussing the importance of ethics and values in business sustainability. I will also be discussing the importance of leadership in the success of an organisation.
IMPORTANCE OF ETHICS AND VALUES IN BUSINESS SUSTAINABILITY
In this section, I will be discussing the importance of ethics and values in business sustainability. I will do so by explaining what ethics, values and sustainability is. I will discuss why ethics and values are important and how they are practiced in a business. I will also discuss who sets the foundation of these ethics and values, when and when these ethics and values implemented.
Ethics and values play an essential role in business sustainability. Before elaborating on what the importance of ethics and values in business sustainability are, these terms need to be defined. Ethics can be defined as moral principles that influence or cont...
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..., responsible, transformational and innovative can be a leader. This person can come in the form of a CEO, a managing director etc.
Where is great leadership practiced? This all depends on the size of the organisation. Leadership in business organisations can be practiced provisionally, nationally and even globally. Even if corruption prevails in a country, effective leadership of an organisation will not be affected.
In conclusion, effective leadership is essential for any success of a good organisation. Leaders like Richard Branson( Virgin), Larry Page(Google) and Indra Nooyi( Pepsi) all have globally thriving business organisations. They understood that good leadership is vital in any organisation, and they all embody similar characteristics and traits of an effective leader. Therefore, I believe that great leadership is the cornerstone to great organisations.
Many definitions exist on what leadership is. Despite the many differences in definitions, they all describe the leader as someone who influences others. Leaders transform individuals around them allowing them to work to their full potential. In order for a leader to be successful they must be knowledgeable, self- confident, and effective communicators. These characteristics will create a positive workplace environment that results in an increase in productivity. Leadership is not defined by titles or salary. Leaders must acquire their skills and continue to improve on them through learning. Good leaders provide a vision and help motivate others to make that vision happen. The leader must be effective and successful in creating a strong institution.
Practices of Leadership contribute to managing sustainability (ethics and corporate social responsibility) in the post-bureaucratic era.
Organizations that are led by management who perform in a principled behavior are probable to be exemplified by an affirmative ethical civilization. Also, when their workforce is rewarded by doing what is right, helps cultivate the positive ethical image throughout the o...
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.
Leadership and success come hand in hand. You cant only have one. People that are great leaders are successful. They need to lead the right people and stay true to themselves. The best thing a person can do to become the best potential leader is to read and learn about the most influential leaders of all time. A person has to have the right mind set and the most drive out of anybody else to become successful. They have to want to be more successful more than he or she wants to breath. Being a leader is not a trait. Its a way of life.
Many Scholars characterize the core qualities and skills necessary for an effective leader. Useem defines leadership as “Creating a vision and translating that vision into actions”. Historically, an effective leader was assumed to be exceptionally knowledgeable, authoritative, and dominate. Those leaders applied the command and control method to lead an organization. With the passage of time, this definition has been changed. The modern definition of an effective leader is honest, courageous, trustworthy, inspirational, and result-oriented. Today’s leaders create shared values and vision, and empower others to achieve their targets.
Leadership has been defined as the process whereby an individual influences others in accomplishment of shared objectives. Leadership is not a one-way linear event in which only the leader affects the followers but a process through which leaders influence and they are affected by their followers. It is undisputable truth that the success or failure of an enterprise is dependent on the presence of a visionary leader who is able to offer direction in achieving the business’s objectives. Leaders are known to inspire and instill a sense of dedication and zeal to their followers which are principles crucial for success. There is tendency to view leadership in the context of highly successful business enterprises in the world that has led to the misconception that leaders are great and famous people. Successful corporations in the world have relied on the genius of their leaders to succeed. Nonetheless, in response to the changing global business environment and operations, the need for individual leaders or teams has increased significantly. The external business environment has become increasingly dynamic with uncertainty and demands for change being the two major issues faced by corporations.
Ethics is concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for a given situation (Crane & Matten, 2010). Since law does not necessarily cover the morality of many controversial issues, moral reflection ought to be performed on any action, regardless of its lawfulness. The growing power of business in today’s society has enabled businesses to significantly impact the world. Hence, business ethics is highly relevant as it could determine whether businesses contribute or cause harm to the society at large.
People always talk about how important it is for companies to have a good leader, someone who not only keeps the blue numbers, but also achieves a loyalty from customers, pleasant working environment, successful business partnerships and ahead of the competition.
Ethical leadership organizational ethics and socially responsibility are inseparable (Johnson). Leadership is not a inherited gift or family heritage; it is not a degree from an ivy league graduate school. Becoming a leader is an intentional process of growth that must be lived out experientially (Mullane). Ethical leaders demonstrate three distinctive characteristics, knowledge, action and character. Leaders have to have the ability to say “yes” or even “no” to a never ending series of challenges. A leader needs to be able to define their values, character and leadership style. When accepting the role of leadership you become encumbered by ethical issues and concerns. .
The field of ethics (or moral philosophy) involves systematizing, defending, and recommending concepts of right and wrong behavior (Fieser, 2009). Many of the decisions one faces in a typical day could result in a multitude of outcomes. At times it can be hard to determine whether or not the decision you are making is an ethical one. Many philosophies have been devised to illustrate the different ways of evaluating moral decisions. Normative ethics focuses on assessing right and wrong behavior. This may involve reinforcing positive habits, duties we should follow, or the consequences of our behavior (Fieser, 2009). Of the many normative philosophies two stand out to be most accepted; teleology and deontology. Although they oppose each other in how actions are evaluated, they uphold many similar characteristics under the surface.
It is the year 2014, and Richard Branson is one of the richest men in the world. For the past 20 years, Mr. Branson has worked to become a world renowned businessman who defies the odds of all traditional business, and attributes all of his success, to his effective leadership, which begs the inherent question, what has Sir Branson done to be an effective leader?
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.
“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’
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