Business Ethical Values Essay Example | Topics and Well Written Essays - 1000 words

Business Ethical Values - Essay ExampleValues of both employers and employees, therefore, significantly suss out success of a business. By designing suitable ethical expectations and codes of conduct, businesses ensure that ethical principles are upheld. patch exploring significance of business ethics, Fisher & Lovell (2009) concludes that there is a strong correlation between individual set and business ethics. This paper explores specific set that make business leading ethical. Choosing Best Values plot choosing best esteems, it is important to select values and ethics that you not lone(prenominal) believe in, but in like manner define your character. After the selection procedure, Glass (1981) advises that an individual must visibly live by the values every day. Living ones values is a powerful tool for leading and influencing former(a)s. In business, values of employees and employers are dependent on one another(prenominal). Thus, freedom of a business draw to strike e thical values depends on set of values defined by employees. Nevertheless, an ethical business leader, accord to Guth (1999), is described by the following five traits willingly chooses to lead, good role model to others, provides feasible emerging vision, provides inspiration, and makes other people feel appreciated and important. Values that Make Business Leaders Ethical candidly is the first and foremost value that business leaders must practice to become ethical (MSG, 2012). The value go unders commitment of business leaders to observance of business principles in both favorable and unfavorable conditions. mollie (2011) asserts that several corporations have different manuals with slogans encouraging commitment of workers to honesty. Integrity is another vale that makes business leaders ethical. Mollie (2011) defines integrity as possession of strong adherence to professional standards and/or moral principles. Integrity, therefore, connotes stability, consistency, and quali fication of a leader. In other words, integrity implies that a leader is readily willing to take a high road by applying the most valuable ethical standards. Rhode (2006), however, defines integrity as a enounce of completeness and wholeness. Thus, based on Rhodes definition (2006), demonstrating integrity indicates soundness and completeness in a leaders character and in his/her organization. Responsibility, as another value, is an integral part of business ethics. A responsible leader is accountable for his/her actions and decisions. He/she carries the entire liability of any judgment made in his/her organization. Ir function, on the other hand, erodes cohesion and respect in any organization. That is, irresponsibility increases blame games and wrongful victimization in an organization. Rhode (2006), nonetheless, perceives actions and responsibility as both a cause and a result of the other. That is, actions or decisions a leader makes determine whether he/she is a responsible in dividual or not. Conversely, being responsible in small actions or making sound judgment determines weight of tasks a leader is allocated. Responsibility is closely related to quality, which is another important value in business ethics. Quality measures output of a leader. Quality should not only focus on production of best products, but should also extend to every facet of a leader. A leader who appraises quality and struggles for it daily develops a deep sense of