Leaders are the need of the company. Effective leadership requires developing attitude, behaviour and humanity. A good leader can attract his followers by putting charismatic effect on them. There are some techniques which really help to develop leadership skills. Formal
Effective leadership is seen as major source of management to sustained competitive advantage for organization performance improvement according to (Avolio, 1999; lado, Boyd and Wright, 1992; Rowe, 2001). According to Yukl (1989) most of leadership definition describe it as the idea of guiding followers to their goals while specifically, leadership is hard to understand but easy to perceive human activities. According (Smith, 2000 in Marn 2012) stated that “leadership is the process or activity of influencing an individual or group in effort towards
Leadership is a learned quality, which depends on the personality of the leaders, situation, task and the followers (Ganepola). Developing leadership skills can be managed by various activities. Being a good leader is a process. Practicing leadership skills, create an effective leader who achieves his or her goals by working together with an effective team. Hence, self-discovery helps to know more about the strengths and weaknesses of a person.
The same as individuals in society, business entities are subject to legalities intended to offer every member in the industry a fair chance to succeed. But, when objectives take precedence over ethical decision making, it implies the importance of ethics in business
Leaders are expected to motivate and persuade employees to achieve common goals however, in doing so this must treat their employees with respect and understand that the workforce is a composition of multiple personalities unique to each individual. Effective and ethical leaders operate with: Respect for others and should not use employees for personal gain, this helps to solidify the vales projected by the leader. The ability to serve others by putting employee interests and needs ahead of their own. The ability to treat each employee fairly and justly. Honesty towards not only his employees but also to
Business ethics is the ability to make a correct decision on the dos and the don’ts on the respect of the business point of view. Business ethics is also known as the moral principle of business. Origination of the word ethics is “ethos” which is a Greek word whose meaning is “character”. The higher officials of a company must have personal ethics to run the run the company with high moral values. An ethical business is always abided by the laws, it always follows the rules and the regulation prescribed.
Ethics are the moral values that are mostly set by society and businesses to represent a certain standard for correct behaviour. A business’s code of ethics or code of conduct reflects and describes the appropriate behaviour that is expected from employees in that organisation. Professionalism is how organisation managers and employees represent and conduct themselves when dealing with the stakeholders of the business. 1. Theories of Ethics: There are different kinds of ethics theories namely: Ethics theories that guide conduct Utilitarian theory: the theory is also known as the consequence based theory and it focuses mainly on the consequences of an action.
Customers have the wide choice of goods and services. Due to such facts, people, widen there lists of demands for producers and entrepreneurships. One of the new demands to the business is ethical behavior. Such an ethical behavior involves many factors. According to Charles Hill: “The most common ethical issues in international business involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations” (Hill, 2009).
For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad. Every etiquette that a business has, will reflect on what kind of company or business you are. Thus, every company or business must show the proper and right etiquettes it should have, so that the customers will have that kind of trust and a good feedback on your company.
1.1. The Importance of Leadership in Organization Before knowing the importance of leadership in organization, first we have to know about the meaning of leadership. According to Kevin Kruze, leadership is a process of social influence, which maximizes the efforts of others, towards the achievement of a goal. It’s not only about the power, or authority, but it’s about influencing other people to do a better thing. Leadership acts as the catalyst that makes all other elements work together; without leadership, all other business resources is not effective.