Importance of Business Ethics and Leadership Styles in Woolworths Group Limited

Business ethics
Table of Contents

INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Importance of having good business ethics and its affect on leadership................................1
Four main leadership styles....................................................................................................1
Legislation affect leadership in the orgnisation......................................................................2
Organisation’s mission, Purpose and value............................................................................2
Organisation’s main objectives..............................................................................................2
Organisation’s change process...............................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................3

INTRODUCTION
The organisation selected for this assignment based on Business ethics is Woolworths
Group Limited which is a well and one of the major retailing company of Australia having its
headquarter in New South Wale, Australia and serving customers across New Zealand and
Australia (WOOLWORTHS GROUP: Strategy and objectives, 2020). This report consist a
discussion about importance of business ethics along with leadership styles. Further, a evaluation
of affect of legislation on leadership along with mission, vision and objectives of selected
orgnisation us also there together with its changing process of.
MAIN BODY
Importance of having good business ethics and its affect on leadership
Business ethics mainly represent a set of moral rules and principles that governs the
business operations, decision making and how employees and other stakeholders are treated in a
company by their top authority, managers and leaders (Crane and et. al., 2019). Having good
business ethics is important for an orgnisation like Woolworths Group Limited is it ensures
better decision making and strategy formulating that meet the expectations of all stakeholders
along with keeping a balance with Corporate social reasonability that lead to enhanced brand
image and better reputation to attract larger customers. Further, Good business ethics also lead
affect in leadership as it ensures better creation of better workplace environment and enhance
motivation level for employees through means of good business ethics and participative
leadership approach.
Four main leadership styles
The four main leadership style that could be adopted by leaders of Woolworths Group
Limited to ensure better motivation and direction to its employees are evaluated below:
Autocratic Leadership styles- This style of leadership is associated with command and
compliance where an autocratic leader gives orders without any consultation that must be obeyed
by the subordinates (Al-Sada., Al-Esmael, and Faisal, 2017).
Democratic or participative leadership style- Under this leadership style use of legitimate
power is made by leader where proper involvement and participation of subordinates is allowed
in decision making thus, meets the principles and moral of business ethics.
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