Here are some recommendations for the company that can improve the ethical leadership practice in the company. Build ethics awareness program that works through steady communication and sharing the values, operating principles and the implementation of ethical standards. Lead by example, all the leader within a company must demonstrate his commitment to the ethics. Accountability for ethical
Knowing, and understanding as a manager and influencing employees to follow standards that when something is misunderstood or unknown, owning up to its behavior on the situation can be corrected and guided to what is expected from the leader or manager and down to the employees. Having an understanding to ethical consideration and accountability will improve customer satisfaction, employee performance, and the continuum for accountability ("Ethical Leadership: Fostering An Ethical Environment And Culture",
Ethics and morality establish how individuals act and treat each other and, through accounting practices and principles, an ‘‘ethical system facilitates trust among its adherents and creates the necessary foundation for a cooperative endeavor” (Satava, Caldwell, & Richards, 2006, p. 281). Ethical decision-making is important for today’s business leaders. As defined by Hicks and Hicks (2014), ethics is “what is morally right and wrong” (p. 111). Individuals must therefore make decisions by choosing among alternatives that coincide with their individual ethical principles and moral
Chemerix should have a comprehensive code of conduct. The most important factor for a company to promote moral behavior is a complete list of codes of conduct. It plays as a guideline, and helps the company to make ethical decisions, and solve ethical dilemmas. As a result, following a well-structured code of conduct increases the reputation of the company, and prevents negative financial effects due to legal issues. Companies should make sure that employees read and understand the requirements of their organization 's code of conduct.
It deals with human conduct and how an individual reacts and decides appropriately. In a profession, there are ethics that should be observed in order to maintain the public interest for the profession. In most companies, these ethics are presented to employees through code of ethics. This code includes detailed guidelines to encourage ethical and responsible behavior to their employees. Accounting profession has a code of ethics containing the required behavior of accountants for the profession.
It also states that it is based on respect, integrity and especially howemployees should be motivated. Ethical issues Ethics is a rule that tells the difference between right and wrong. It helps to know the behavior of the employees in a company and encourage us to do the right and good thing. This is all about the way Nike should do the right thing in an ethical way. Ethically, people in the position to make decisions in Nike should bejust, not biased, state of being equal and be thoughtful of the right of the individuals and their workers.
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. Being an ethical business captivate and keep employees, stakeholders, and employees as they consider knowing
Leaders set the example and represent the entire organization. When you have an ethical leader, it is more likely that you will have a much more productive and collaborative body of workers. Also, ethical leaders create ethical cultures that influence followers to behave more ethically and to refrain from behaving unethically (Schaubroeck et al., 2012). Therefore, core values of an organization must always be exemplified by ethical leaders. Two key principles of ethical leadership include integrity and respect.
Decisions taken within an organization are made by the leadership in light of the company’s culture, principles and policies. Leaders are the role models as they set the tone for the ethical stance of their individual followers, or the group they lead. As an ethical leader, they are expected to take responsibility and work to correct mistakes. They must ensure the company has an effective internal controls in place to identify unethical practices. In my opinion, big companies in their audit and compliance committees should have members who may act as ethicist to assess whether the actions of the company are consistent with the desired ethical
1.1 Task 1, P1. Under this task I will explain the ethical issues of KFC Company needs to be consider in its operational. Ethics Ethics can be defined as moral guidelines which govern good behavior, so to behaving ethically is what deemed to be morally acceptable. Business ethics: It is a form of applied ethics or professional ethics observes ethical principles and moral or ethical problems that arise in the business environment. It applies to all aspects of professional behavior which applicable for the behavior of individuals and entire organizations.