Leadership and Business Ethics: Importance and Styles

This report analyzes the importance of leadership in business ethics and explores various leadership styles such as democratic, servant, transformational, and transactional. It also discusses the significance of organizational change management and risk assessment in business leadership. The report emphasizes the need for adhering to legislation and codes that govern the working of organizations. It also highlights the importance of clear objectives, plans, and strategies for the growth and development of businesses.

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
ASSESSMENT 1: PROVIDING LEADERSHIP
Name of the Student
Name of the University
Author Note

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
Introduction
The report is focused towards the effective application of Leadership across
organizations. The reports analyzes leadership in the context of business ethics. The various
styles of leadership are identified and their importance in regards to the mission, vision and goals
of organizations are put forward. Leadership is important in terms of developing support,
competence and influencing people towards performing effectively. The study would be
beneficial in effectively evaluating all these significant aspects that are connected with leadership
and leadership development in any organization.
Summative Assessment 1
Leadership value is very closely associated with business ethics. Business ethics is the
study of the business policies that are most appropriate. Business ethics are concerned with the
development of ethical factors that can improve the ethical factors that are associated with
business and leadership. The encompass policy guidelines that are associated with issues such as
bribery, trading by insiders, governance, discrimination, corporate social responsibility and
responsibilities that are fiduciary. Business ethics is a very important part of leadership as the
way in which leadership is implemented depends on the values that are intrinsically associated
with business ethical consideration. In regards to the same leadership can be well managed and
effectively implemented. It is important to note that ethical dimensions give leadership an
entirely new perspective. This way leaders can serve to be better examples to be followed by
their subordinates. This also greatly contributes towards the development of organizational
culture. Business leadership is important in the context of business ethics. Organizational
operation can create problematic situations for various companies. Concerning the same, there
can be the development of unethical practices within a given organization. These need to be
checked as there can be serious implications of the same on the long term reputation and survival
of the organization. Hence, it is important to consider that business ethics can help to deliver the
right results for any business over longer periods of time. Leadership can be improved hence and
the development of better and more effective organization of work can take place.
In the context of the organizational mission and vision, democratic leadership is much important.
The decisions in this case are made from inputs that are provided by the involved workers. This
makes decision making easier as inputs can be taken form a large number of sources. This

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
contributes effectively towards the better involvement of the leader and subordinate towards the
achievement of common missions.
Servant leadership is important as this makes the leaders serve the subordinates. The
mission and the vision statements are important to be achieved thus. It is important that the
leader provides all forms of facilities to the subordinates that actually help to make the process of
the achievement of goals easier.
Transformational leadership helps to align the skills of the people involved with the
greater goals of the organization. This means that the leadership helps to improve the
performance level of the subordinates to optimal levels that are required as per the mission and
vision of the given organization. This helps to create a strong growth path for both the leadership
and the followers
Transactional leadership is about the rewarding of the successful employees on the
completion of their successful goals. The leader actually makes the reward functions to help
them achieve beyond the target and contribute greatly towards the performances that are required
as per the mission and visions of the organization.
In addition to the leadership methods discussed above, the leaders running an
organization must adhere to the legislation, codes or bylaws that controls and manages the
working of the same. In this regard, legislations like Work Health and Safety Act 2001 can be
referred. It enumerates the provisions to ensure the safety, health as well as welfare of the
workers in an organization. Moreover it also gives protection to the health and safety of every
person who can also be affected by the work of the organization. Hence this Act provides safety
and protection to the general public.
In this regard, Code of Practice on first aid in the workplace can be referred which
denotes a code of practice as per section 274 of the said Act. Any person conducting a business
is required to follow the Code. One of the most important duties of an organization is to provide
effective first aid immediately to the workers or any other person who gets injured or falls sick in
the workplace so that the severity of the illness or the injury can be reduced.
Similarly, section 274 also enumerates Code of Practice regarding managing electrical
risks in the workplaces. Electrical risks involve shock, injury or even death caused as a result of

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
electricity. However this Code does not include work on electrical equipment which is operated
by extra high voltage of electricity. Not only the employers but also the workers have the duty to
take reasonable care while working with electrical equipment.
Another legislation that governs the employment is the Fair Work Act 2009 (Cth). It
enumerates the terms, conditions and provisions of employment and also states the rights and
liabilities of the employers, employees and even the organizations related to the employment.
The employers together with the employees are required to follow the provisions else will be
liable for breaching it and pecuniary penalty will be imposed.
Further, Safe Work Australia Act 2008 also states provisions regarding employment. A
body known as the Safe Work Australia is created under the Act for improving occupational
health for ensuring safety and security together with providing compensation.
Another important Act that must be followed and applied in any workplace is the
Australian Human Rights Commission Act 1986 (Cth) that gives protection to the people in
employment from discrimination due to their political opinion, religion, nationality, criminal
record and other factors. In Australia, discrimination on the basis of above mentioned various
factors is unlawful and various legislation have been enacted like Age Discrimination Act 2004,
Disability Discrimination Act 1992, Racial Discrimination Act 1975 and Sex Discrimination Act
1984.
If in any workplace, any person is subjected to discrimination regarding age he can seek
relief by referring to the Age Discrimination Act 2004. This Act provides strict penalties to be
imposed on those committing discrimination on the basis of age. Thus, employers as well as
others involved in the workplace committed discrimination on disability, race or sex will said to
commit breach of provisions enumerated in the Disability Discrimination Act 1992, Racial
Discrimination Act 1975 and Sex Discrimination Act 1984.
The mission statement is the statement of the path of development that the organization
wants to take towards the future. The mission statements are mostly long term as they aim to
achieve long term development for the organization. Each business needs to adhere to certain
important business values. These are the specific factors that need to be considered essentially
for the development of the organization.

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
It is important to create clear objectives as they help to form better strategies for the
future growth and development of business. Businesses in today’s world need to constantly work
in competitive environments. This means that more effective strategies are taken to develop
strategies that can help businesses to develop themselves over time. Objectives help to create
strong goals that can be systematically achieved. Plans help to form stronger bands between the
business goals and the required competencies and resources. Strategies can help to gain
advantage over aspects of operations that would otherwise not be possible.
Business leaders of today need to have clear understanding of organizational change
management. This enables them to optimize the work functions according to the change
requirements.
Summative Assessment 2
Activity 1:-
Communicating organizational mission and goals
A significant part of the leadership is connected with the development of organizational
vision and mission that can actually help to achieve the developmental goals that are much
important for any given organization. It also helps to create a more inclusive sense of
responsibility among the workers of the organization. It is the responsibility of the leader to
instill the values that are associated with the developmental path that is taken by the organization
to realize its future goals. Leadership values essentially depend on the ethical handling of
people, resources, situations, clients, time and other much important business factors. Business
ethics are applied most importantly in times of decision making, implementation of plan,
planning, relationship development and building business networks. It is much important to
remember that business run due to a certain amount of trust that not only concerns the external
stakeholders but the internal investors at the same time. This trust value is important in
generating further value for leadership. In essence, leaders need to treat their subordinates well.
They should develop better relationships with them through the application of ethical
frameworks. Business ethics provide better leadership frameworks in any given situations. It is
important they are considered to make the right decisions at the right time and plan the right
growth strategies for organizations through application of effective leadership. In essence,
leaders need to be more ethical in the ways in which they deal with situations. If business ethics

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
are not considered then organizations can face various reputational, legal and operational
challenges.
There is a need to consider the various types of leaderships that can be aligned with the
organizational vision and mission statements to derive better results. Four leadership styles that
can be considered thus are: Democratic leadership, Servant leadership, Transformational
leadership and transactional leadership.
It is important to create clear objectives as they help to form better strategies for the
future growth and development of business. Businesses in today’s world need to constantly work
in competitive environments. This means that more effective strategies are taken to develop
strategies that can help businesses to develop themselves over time. Objectives help to create
strong goals that can be systematically achieved. Plans help to form stronger bands between the
business goals and the required competencies and resources. Strategies can help to gain
advantage over aspects of operations that would otherwise not be possible.
Business leaders of today need to have clear understanding of organizational change
management. This enables them to optimize the work functions according to the change
requirements.
Activity 2:-
Influence groups and individuals:
Risk assessment is a very important aspect of business leadership. Business organizations
come under impacts of the macroeconomic changes which in turn impacts their business
operations. For example, market risks as shown below owing to entry of new companies or
existing companies introducing more innovative products results in the companies losing their
customers to their competitors. This results in fall of revenue which is reflected in the profit and
loss account. The fall in revenue results in companies giving lower returns to their investors on
the latter’s investments (Uhl and Gollenia 2016). This lowering of return results in the investors
divesting in the shares of the companies concerned, which ultimately hits the very productivity.
Lowering of productivity results in companies losing their customers and ultimately the
leadership position they hold in the market. Thus, it is evident from the discussion that the
management bodies of companies have to ensure that they identify, analyze and manage the risks

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
to the extent possible in order to maintain their leadership in the market (table below). The risk
management methods of the firm should be parts of their core business leadership strategies and
should function under the leadership of the apex management. The apex management should
analyze the risks identified by the lower level employees based on their intensity and likelihood.
They should then form strategies to mitigate the risks to the possible extent (Becker and Smidt
2016). The strategies should be executed to the employees under monitoring of the apex
management.
Risks of companies
Ris
k
no
Documen
t control
informati
on
Risk
identifie
r
Risk
Category
Risk
Descript
ion
Impact of
the risks
Risk
respons
e
category
Owner
of risk
Precautiona
ry
recommenda
tions
Owner of
Risk
response
action
1
Profit and
Loss
statement,
balance
sheets
Falling
profits
because
customer
s sense
lack of
security
in
companie
s
Market
risks
1.
Market
risks can
originate
due to
introduct
ion of
new
products
by
existing
competit
or
compani
es and/or
entry of
new
compani
es firms
with
similar
products.
2. Loss
of
customer
loyalty
1. Fall in
revenue and
losing of
consumers.
(short term
impact)
2. Losing
investors,
and supply
chains due
to falling
capacity to
give
positive
ROI.
(medium
term)
3. Goodwill
risk and
losing of
global
market
position
(long term
loss)
4. Reduced
productivity
due to
increasing
accidents
and loss of
resources
Strategic
decision
s,
marketin
g
strategie
s
Finance
departme
nt,
Marketin
g
departme
nt, Risk
manager,
Engineer
1. Formation
of a strong
risk
management
strategy.
2. Use of
modern risk
management
systems
3.
Strengthenin
g marketing
of products,
introducing
new and
innovative
products with
less
competitors
Conducting
marketing
analysis
Marketing
departme
nt
2 Risk
register
Employe
es,
customer
s or any
other
stakehold
er
WHS
risks
WHS
risks to
employe
es and
customer
s due to
collision
with
objects
Loss of
productivity
, actions
from Safe
Work
High to
very
high
Manage
ment
Safety
training of
employees
Managem
ent and
the
concerned
departme
ntal heads

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
etc
3
Unjustifie
d loss of
capital,
Unjsutifie
d loss of
data,
Unexplain
able alter
of
informatio
n
Employe
es,
customer
s or any
other
stakehold
er
Cyber
theft risks
1. Cyber-
attack
would
cause
loss of
ICT data
and
designs
which
would
attract
huge
security
risks
towrads
the
compani
es
compani
es.
2. Cyber
attacks
lead to
loss of
customer
and
financial
data of
extreme
business
significa
nce. Loss
of
customer
data and
financial
resources
online
lead to
R1
3. Data
of
customer
s are
leaked to
external
parties
which
spark
security
issues
among
customer
s
1. Loss of
sensitive
business
data.
2. Loss of
financial
resources.
3.
Unauthorize
d access to
the
business
strategy
information
of the
company.
4. R1
High
Apex
manage
ment and
all the
departme
ntal
heads
1. Tightening
of security.
2. Allocating
new email ids
and
passwords to
each
employees.
3. Mandating
subordinates
to obtain
approval of
superiors to
accede to
specific
information.
4. Making it
compulsory
for all
employees to
exchange
official
information
exclusively
on the
formally laid
path of
information
sharing.
5. Employees
holding
assistant
managers and
beyond
should lock
their systems
using a four
layer
password
security.
Apex
managem
ent and all
the
departme
ntal heads
4 Cannot be
document
ed
Employe
es,
customer
s or any
other
stakehold
er
Natural
disasters
Natural
disasters
lead to
loss of
resources
,
inventor
Depends on
the
seriousness
and
intensity of
the
calamities
Immedia
te
Governm
ent,
security
personne
l etc
Evacuation or
any other
necessary
steps
Governm
ent,
security
personnel
etc

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
y and
assets
5
Governme
nt and
legal
websites
Apex
managem
ent
Change in
legislation
s
pertaining
to retail
sector
Change
in laws
require
compane
is to
comply
with the
new laws
pertainin
g to
safety
measures
1. Damage
to existing
stock
2.
Unproducti
ve
maintenanc
e costs
3.Requires
companeies
in Australia
adapt the
relevant
areas of
operations
as per the
laws like
cyber laws
Immedia
te
Apex
manage
ment and
all the
departme
ntal
heads
Compliance,
OHS
strategies
Governm
ents
6 Risk
register
Apex
managem
ent,
security
officer
and any
other
employee
Fire,
exlosions
Loss of
materials
, loss of
equipme
nt, injury
of
employe
es, loss
of
producti
vity,
casualty
in case
of large
scale
explosio
ns
Companies
lose
productivity
, employees,
resources
Immedia
te or
within
the date
of
enforce
ment
specified
specified
Apex
manage
ment and
all the
departme
ntal
heads
Risk
management
strategies
Apex
managem
ent and
finance
departme
nt
7 Financial
statements
Apex
managem
ent and
top
managers
including
CFO,
R&D
head,
night
auditors
Goodwill
risks
The
company
may
loose
trust of
stakehol
ders like
customer
s
Companies
lose
productivity
, employees,
suppliers,
patents and
assets
Immedia
te
Apex
manage
ment and
all the
departme
ntal
heads
Risk
management
strategies
Apex
managem
ent and
finance
departme
nt
8 Financial
statements
Apex
managem
ent and
top
managers
including
CFO
Capital
risks
Weakeni
ng of
capital
base of
compani
ess due
to lower
generatio
n of
capital
Companies
in Australia
lose
productivity
, employees,
suppliers,
patents and
assets
Immedia
te
Apex
manage
ment and
all the
departme
ntal
heads
Strengthenin
g marketing
of products,
introducing
new and
innovative
products with
less
competitors
to boost
revenue
generation
and
strengthen
Apex
managem
ent and
finance
departme
nt

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
goodwill
9 Financial
statements
Apex
managem
ent and
top
managers
including
CFO,
R&D
head
Technolo
gical risks
1.
Modern
technolo
gy leaves
previous
technolo
gy
versions
redundan
t.
Requires
companies
in Australia
to carry on
continuous
research on
product
technology,
operation,
ecommerce
technology
etc to
enhance
customer
services
Immedia
te
Apex
manage
ment and
all the
departme
ntal
heads
Requires
companies in
Australia to
carry on
continuous
research on
product
technology,
operation,
ecommerce
technology
etc
Technolo
gical
officer
Activity 3:-
Building and supporting teams
The role of an effective team leader is to engage actively with all the members of the
team. The role additionally requires providing essential support to all the team members. He
needs to provide effective feedback and help the members develop optimal performance
capabilities. The characteristics required are active communication, effective interactions,
developed understanding and better management skills.
Activity 4:-
Personal and professional competence
Good leadership is about being participative, introspective and always be prepared. They
need to be developed in accordance of their specific activities. Leadership is all about doing the
right things at the right time. This is difficult is proper participation is not present. It is important
to remember that organizational development actually helps to create better and more effective
ways for achieving business productivity. The business value help to achieve the greater business
goals through proper stakeholder management.
Adapting to leadership styles are important as business operation situations keep
changing. Specific situations demand specific actions to be taken. Business operations means
engaging with the people that are most important in the context of business. This means
engaging with people that can provide high productivity to the organization. The business values
can help to gain better productivity from the business. It is important that businesses adhere to

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
policies that can provide them with greater productivity and create more value for their
customers.
Professional development activities are important to develop the potential of the
employee. The leader in this case needs to understand both the strengths and weaknesses of the
employees. In regards to the same specific actions need to be taken in order to engage in better
and more effective development of the children.
Conclusion
Hence, from the above discussions, it can be concluded that leadership is a significant
factor across any organization that helps it to lead the company and the generation of people, it is
dealing with. The activities conducted for testing the communicational power of leaders in
organizations as well as other prospects of life, it is found that the objective of an alliance is to
accomplish entire arrangement reasonableness, keep up money related quality, while
successfully getting their normal things done. This objective can be gambled if the connection
does not viably and gainfully react to conditions and dangers by seeing a corporate strategy.
The report mulled over that ace movement expect a sincere action in overhauling the individual
aptitudes and information. The learning and improvement exercises helps in getting there are
edge in the activity advancement. By effectively coordinating different pieces of aptitudes,
information , the chairmen styles that are related to social limits, canny power, authority
aptitudes, introduction skills, attitude, and particular other key aptitudes and favours, one can
have the decision to get his/her own and ace improvement. Also, pioneers need to give close idea
to execution determinants by making a dream, being (and impelling) adaptability and change,
manufacturing more grounded affiliations and structures with agents and clients, enabling
workers at all levels to pick choices and make, while simultaneously keeping up tight cash
related controls.
These credits ought to be gotten in a reliable and auspicious style while considering exchange
offs, creating conditions, and the need to keep up a positive genuine culture. A solid power social
event can assist a pioneer with achieving this. By putting key pioneers all through the
association, watching outer models and occasions ought to be possible at the departmental level.

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
With this information, the official accomplices and pioneers can plan a relevant, adaptable,
imaginative system that will control the relationship into a profitable future.

Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
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Running head: ASSESSMENT 1: PROVIDING LEADERSHIP
Work Health and Safety Act 2001