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Developing ethical leadership and its importance for a successful businessman iwantessay

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The importance of leadership
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Developing ethical leadership and its importance for a successful businessman iwantessay

  1. 1. Developing Ethical Leadership and its Importance for a Successful Businessman An Introduction to Ethical Leadership Ethical leadership is about more than just having a good character. Ethical leaders symbolize and transmit the objectives, vision and values of the organization to its key followers and stakeholders always with consideration of ethical principles. Leadership of an ethical nature ensures not only the success, but also the sustainability, of any business or business person. Developing Ethical Leadership By viewing business and ethical considerations simultaneously, it sends the important message that ethics is an integral part of the organization and is the first step in developing ethical leadership. Conversations need to be had at all levels which include discussions about how decisions that are made align with the organization’s values. Leadership programs with an ethical leadership element are also an excellent way to emphasize the importance of ethical principles within the company. Importantly, the business needs to develop an open culture so that employees at all levels feel comfortable questioning or challenging whether or not the actions of the company are aligned with its values. The Importance of Ethical Leadership for Business Success Ethical leaders are important for any business because they are the essential ink between the objectives of the organization and its external and internal stakeholders, including employees. Without this type of leadership, the organization will not receive the proper direction it needs to achieve its goals. A businessman will only be successful if his decisions are guided by the values of the company. It is understood by ethical leaders that their personal ego does not have a place within the organization. Instead the focus has to be on the success of the business. In this way, there will be no instances of executive greed leading to negative results for the organization. For any business, the most important and essential element is human resources. Ethical leadership involves attracting the best people for the necessary positions within the company and then developing them for the role. Businessmen will be successful within this framework, because they will be most likely to employ skilled persons with high levels of integrity who can become the future ethical leaders of the company. When there is ethical leadership in place, these principles are supposed to be transmitted to all levels of staff and be incorporated in the everyday activities, as well as long-term strategies, of the organization. Once employees throughout the company are living and working with consideration of these values, success for any business owner is guaranteed. In practical terms, if a salesperson internalizes the values of the company as embodied by the ethical leadership of the company, he is less likely to be dishonest or deceitful in his dealings with the company or with customers. For instance, sales should not be a duping mechanism with the main goal being solely to sell a specified number of products or make a certain amount of profit. A product should be sold to a person who can get utility from it. Once this approach is recognized and accepted, the business owner will find himself at the helm of a profitable company with a reputation for excellent customer service. Ethical leadership is an essential part of any successful company. It is important to develop this type of leadership so that the company can become and remain successful. Businessmen will find that the
  2. 2. performance of their organizations will be enhanced once all of the decisions and activities of employees at all levels are guided by the company’s values.

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