Ethics concerns principles of right or wrong conduct, it is usually thought of a

Question

Ethics concerns principles of right or wrong conduct, it is usually thought of as a set of moral standards that governs or influences the way people behave. Business ethics is the application of ethical principles and standards to the actions and decisions of business organisations and the conduct of their personnel. (James et al 2002). Do you believe organisational leaders have a duty to adhere to ethical behaviour when crafting and executing strategy and what are the possible implications for not adhering to these behaviours. Use examples to illustrate your answer.

Explanation / Answer

Business leaders should lead by example in their professional approach and decision making .Ethics in business ensure long run with a positive outlook for the company. It also helps in driving business value which create a brand image to the public and can set as a bench standard for the corporates .Thus business leaders have key strategic role in designing the ethical practise and developing organisation culture.

One such typical case study is from Apple who takes serious action against their contract manufacturers who breach their contract by providing substandard employment working and life environment for their labours. By taking stringent action against them Apple has provened their brand quality and their commitment towards society.

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.