Ethical leadership is related to employee job satisfaction by impacting a positive influence on employee performance (Resick et al., 2011). The ethical leadership also found to increase the intrinsic motivation and job responses (Piccolo, et al., 2010). The willingness of the employee to report any concern and problem also depends on the organization culture and leadership behavior (Brown et al., 2005). It is also studied that a leader with strong ethical traits can affect positively to task significance and autonomy of the employee job (Ruiz, Ruiz & Martinez, 2011). According to them, the followers have willingly perceived the good traits of their leaders and thus good moral, values are practiced in an organization that can shape the overall
The competition between businesses will ensure better quality of their goods and service they provide. Competition is well known for providing great productivity which leaders to a growth in the economy. Not only can competition improve the quality of work, it can also improve innovation. Innovation is an important quality to have in a company because it aids in keeping products and services fresh. “Economic Influence on Marketing” claims, “To keep current, your business has to adapt to changes in the industry and must always keep its eye out for innovative, cutting-edge technology and product improvements” (Bradley).
Credibility is your reputation for being trustworthy- trustworthy is performing your work with excellence; to care about those you work with and for; to live high ethical, corporate and personal values; and to deliver on your promises. Competence relates to your proven set of skills and knowledge to accomplish business tasks. Others will judge you by your track record of success. Caring shows that you will act in the interests to to others, cultivate a sense of community and demonstrate accountability to others. Character shows that you will advance to high personal, corporate, and business values.
386). When company earns positive impression for its practices, it is expected that it will not only gain more profit, but also regular and even loyal customers. Importance of Code of Ethics from an Employer’s Standpoint From the employer’s standpoint, code of ethics is vital because defines the relationship of employees to the organization itself, and it also affects the level of commitment of the employees as they perform their duties as a help in achieving the company's goals (Guber, 2011, p. 5). Importance of Code of Ethics from an Employee’s
(Daft, 157). One interesting study reveals that companies that have more CSR commitments score higher in the stock market than those with little to none CSR projects (157). Also, research shows that customers and employees care about ethics (Velasquez, 4).” Velasquez believes that “ethical behavior is the best long-term business strategy for a company” (Ethics, 4) mainly because “it creates the kind of goodwill and reputation that expand a company’s opportunities for profit (6).” Higher ethical commitments from businesses will likely lead to enhance image and reputation, which can lead to greater satisfaction from stakeholders, and eventually will translate to financial benefits. In the long run, commitment to ethical management will pay off the costs of not having to resort to unethical practices, which are traditionally used by managers to increase company
The most important thing to do is to produce high quality products or services that customer values. This is because customer relationship is important to the survival of a company. In order to have quality products, transformation leaders serve as role models for their followers, allow them to identify with a shared organizational vision, and provide a sense of meaning and achievement. Transformational leadership attends to change the organization to fit the environment and motivate the employee to change to their expectation. Employee who has good relationship with customer will increase the customer satisfaction.
This committee would be responsible for the development and operation of the ethics management framework. They will also oversee the implementation and administration of the ethics management framework, including administration and training of policies and procedures, and resolving ethical dilemmas. iii) Establish an Ethics Office An ethics officer manages the institutionalization of ethics in an organisation1. This role is becoming more common, particularly in larger and more progressive organizations. The ethics officer is usually trained about matters of ethics in the workplace, particularly about resolving ethical dilemmas.2 With ethics being questionable in CORCON, there is no doubt that the existence of an ethics office will be beneficial to employees and the company as a whole.
Constant flexibility and adaptation are one of the most important elements of success for the company on a client-specific level. What are some other values that describe not only the culture of the business organization but also the way One Smooth Stone delivers quality to its clients? Ledogar describes the three main values the One Smooth Stone holds the entire company’s motto is “Smart, Fast and with Kindness.” The other values that are important to the company include mutual trust, hard work, and the freedom to think outside of the box, so they can get the job done the right way and have fun doing it. But if you are looking for examples of smart, fast and with kindness. Smart is being able to get the best resources, applying the best techniques to your project and choosing the strategy in what you’re presenting to the performance of your client.
In the view of Shin (2012) displaying effective ethical leadership skills is positively associated with the increase in the goodwill of the organization. As stated by Kuntz, Kuntz, Elenkov and Nabirukhina (2013) one of the ethical challenges faced by organizations around the globe is to maintain the consistency of these practices within their operations. The development of the consistency and efficiency within the organization requires effective infrastructure within the firm. On the other hand, it has been argued by Yukl, Mahsud, Hassan and Prussia (2013) that one of the major issues related to the concept of ethical leadership is measuring the effectiveness of these practices on the
The efforts add value the company and have unsurpassed impacts on it 's global perform. P&G 's code of conduct addresses satisfying, motivated and loyal employees that represent the basis of a global leader. The development of employee satisfaction is essential in the increased productivity, quality and higher number of innovated products. P&G 's employee motivation are base on appealing to built-in drives rather than using outside threats and rewards. Satisfied employees form optimistic reference to P&G and increase its
However, Chipotle’s leaders believe that the company has engendered greater trust among its customers and this is something that promises to pay huge dividends down the line. For example, managers In addition, the integrity of the company also is important for every business nowadays. It is one of the most sought-after qualities not only of individual employees, but of companies. Integrity in business is very helpful in the ways of build on trust in all business relationship and to get a better reputation for the public