If Business Ethics is merely theory, then history would not be littered with cautionary tales.
Take the example of Enron, the major Energy Corporation that was destroyed by the Leadership’s financial frauds. Or the recent story of the now-defunct Theranos, whose CEO Elizabeth Holmes jeopardised public health and misled investors by making fraudulent claims about a blood testing device. Both companies no longer exist, and Miss Holmes is now awaiting trial.
The lesson is clear - unethical Leaders will face the consequences of their actions, sooner or later.
As an aspiring Leader, it is crucial that you actively incorporate Ethics into your approach to management. Not only will it build a positive work environment, it can also enhance brand reputation, customer loyalty and employee productivity. So how can you begin leading with Ethics? Here are some Expert-given pointers to begin with:
Ultimately, building an ethical managerial approach and organisational culture is an ongoing process. It will take some trial-and-error, and you will need to revise and redo - but the effort will pay off in the end.
https://www.forbes.com/councils/forbescoachescouncil/2019/01/07/leading-with-ethics/ https://www.indeed.com/career-advice/career-development/what-is-ethical-management
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