Ethical leadership is a growing concept and many large companies are promoting business ethics as their corporate social responsibility. The behavior and the individual values of the leader provide the direction to the business. Leader’s actions in term of ethical behavior and unethical behavior gives ideas to the employee and other stakeholders that what need to follow and what values are aspired in an organization. The position of the leader with moral and ethical values is most important to provide the solutions to ethical issues in a workplace. This also evident from above discussion that ethical leadership is also crucial in developing the ethical culture within an organization.
Ruby Tuesday operates on a documented code of ethical conduct that governs both the internal and external affairs of the company. As Chief Executive Officer of Ruby Tuesday, I deem the code of conduct an essential part of the overall functioning of the business. Customer satisfaction, issues pertaining to employees and legal compliance form the foundation for efficiency and sustainability of any business. The code provides a balance and allows for transparency in terms of the expectations and duties of all stakeholders. All aspects of the code of ethics of Ruby Tuesday are important to the viability of the company.
“Criminal justice leaders obviously play a key role in ethics. Not only must they enforce and uphold ethical standards, they must also set an example and see that employees are instructed in the ethical conduct of police business” (Peak, 2010,). Kanungo argues that the ethical actions of a leader can be explained by three factors: “the motive of the actor which is the primary source of one’s behavior, the manifest behavior itself, and the social context in which the behavior takes place” (Kanungo, 2011). Therefore, considering these three points, the honesty and ethics of a leader will determine how the leader strives to do the best for the followers and the organization. The values a true leader will be recognized in the daily actions of the leader.
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.
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.
· Take care of our employees. · Respect our supplies. Costco promises to conduct its business in total compliance with the law in order to maintain strong moral dignity among its employees. This aids Costco’s in their honest reputation among product distributors, employees and customers. Costco recognizes that its customers are the reason for the company’s success.
Introduction Business Ethics Business ethics are the moral principles that guide individuals and organizations to make decisions based on organization beliefs and values for business practices in its industry. It guides the way a business behaves. Individual or the organization who is acting in the ethical way should be able to distinguish between right and wrong and then make the right decisions. The companies also should fulfill the corporate social responsibilities in which they should minimize harmful effects to the environment and communities. Also companies should treat their employees fairly and respect their values.
A manager must have the utmost understanding that that Ethical Leadership and the actions associated with Ethical Leadership, are demands of being in a managerial position and will assist them in their daily duties and benefit career progression. One of the biggest advantages of practicing Ethical Leadership is manager’s reputation and how you are perceived by others. Ethical Leader/ Manager is a person who acts with integrity, knows his/her core values and having the courage to act on them on behalf of the common good. Vision in ethical leadership means that the manager must be able to look at the choices he makes from a number of different perspectives. In other words, an ethical leader has the ability to anticipate or “visualize” the consequences
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.