Foundations of Ethics: Virtue and Values

Foundations of Ethics: Virtue and Values

COMPARE AND CONTRAST THE APPROACHES OF THE PARTIES WHO INFLUENCE BUSINESS DECISION MAKING AS IT RELATES TO ETHICS AND OF THOSE WHO ARE INFLUENCED BY THEIR DECISIONS

The business decisions are always influenced by the business leaders. It is important for these business leaders to make sure that all their practices are inline with the ethical standards and guidelines for operating businesses. This is said because of the fact that their decisions in regard to business activities can have a huge influence on business, as well as, on individuals that are related to the business directly or indirectly. These individuals that can be affected by the decisions that a business leader takes in regard to business activities include the stakeholders of the business (Jennings, 2012). The stakeholders include people like, the employees, the consumers of the business and society, as well.

The importance of exercise in an ethical business leadership is associated with the need to ensure that all individuals with an interest in the company from passing the correct actions to take ethical leader and an example to follow. They find that this form of action increases the confidence or respect for the leader and, incidentally, to the organization. The reasons why it is necessary to exercise ethical business leadership from going in this direction is mainly in amentar of confidence and respect of all those who are related to the entity (Jennings, 2012).

For ethical leadership understand the establishment of behavior that is appropriate and correct, with respect to standards, and that is articulated through the actions and interpersonal relationships, as well as their motivation in employees of the entity through two-way communications reinforcement, and decision making. The activity of a company's performance and its leader must be ethical because the parties concerned in the organization, from suppliers to customers or employees, they expect the entity to show ethical performance and social responsibility (Jennings, 2012).

One of the motivations of the leader to act ethically is to be attractive to their employees so that put their talents to the company. Here, you could put this ethic dealing with respect for these workers to engage with the objectives of the organization, or handing out rewards and punishments so that everyone knows what actions imply what consequences. Another of the reasons, why it is important ethics must be sought in the influence that a leader has on their employees, so that their ethical attitudes translate into ethical attitudes of other members of the organization (Jennings, 2012). That is the leader's example, and its mode of operation will be taken as a role model for the rest of the team under their influence.

Another reason for the act in an ethical leader is to earn the respect of workers. Currently, both a sports and in business in general, the use of coercive power rely on a higher position to impose increasingly less useful and frequent. So respectful and ethical leader will be followed, and their influence based ...