This paper explorers the importance of Ethics and Values in the workplace, and having an adequate leader to enforce them. The author will be using research of procedures, and past history corporation disasters to support the topic of discussion. Wilson (n.d.) suggests that ethics are not only important in the workplace but society in general. He claims that if either one lacks ethical principles, that it is only a matter of time before they nosedive. Dogra (2010) proposes that businesses have the highest chances of survival if they are ethical. She suggests that it benefits business in three categories: Profit Maximization, Efficient Utilization of Business Resources, and Creates Goodwill in the Market. This paper examines Dogra’s theories, in addition to companies that have failed because of poor Values and Ethics enforced by an inadequate leader, together with ways to implement Ethics and Values into the workplace.
Table of Contents
- The Importance of Leadership Ethics and Values in the Work Place
- Maximizing Profit
- Efficient Utilization of Business Resources
- Creates Goodwill in the Market
- Corporate Catastrophes
- ENRON
- WorldCom
- Implementing Ethics and Values
Objectives and Key Themes
This paper explores the significance of ethics and values in the workplace and the role of a strong leader in upholding them. It uses research, procedures, and historical corporate disasters to support its arguments. The main themes and ideas explored in this work include:- The importance of a code of ethics for businesses and its impact on profit, resource efficiency, and goodwill.
- The impact of unethical leadership on company performance, as demonstrated through the examples of Enron and WorldCom.
- The importance of incorporating values and ethics into company culture and training programs.
- The key characteristics of ethical leadership, including dedication, integrity, accountability, and conduct.
Chapter Summaries
This paper begins by establishing the importance of ethics and values in the workplace, highlighting their influence on a company's success. It argues that a strong code of ethics can be a powerful tool for maximizing profit, utilizing resources efficiently, and generating goodwill in the market. The paper then examines the consequences of unethical leadership, using the cases of Enron and WorldCom to illustrate the devastating impact of greed and lack of integrity on a company's survival. Finally, the paper explores how to successfully implement ethics and values into a company's culture. It emphasizes the importance of strong leadership, with specific attributes such as dedication, integrity, accountability, and conduct, to guide and enforce ethical behavior within the organization.Keywords
The main keywords and themes of this paper revolve around the ethical dimension of leadership and its crucial role in the success of businesses. It focuses on concepts such as ethical standards, corporate culture, profit maximization, resource utilization, goodwill, and the detrimental impact of unethical behavior, as exemplified by the Enron and WorldCom scandals. The paper also explores practical strategies for implementing ethics and values into the workplace and the importance of ethical leadership qualities.- Quote paper
- MBA Candiate Adam Tar (Author), 2012, The Importance of Leadership Ethics and Values in the Work Place, Munich, GRIN Verlag, https://www.grin.com/document/215818
