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Ethical Management Leadership in Business

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Added on  2021-05-31

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LEADERSHIP IN BUSINESS 1 LEADERSHIP IN BUSINESS 10 Leadership in business Name: Institution: Introduction In the contemporary world of business, it is essential to note that proficient, competent and well-organized ethical management leadership is a comprehensive business practice (Trevino and Nelson, 2016, pp. The managers heading various companies operating in the current business environment must be keen to effectively address and manage ethical issues within their business premises. Thus, ethical management leadership can be best described as a process by the organizational management

Ethical Management Leadership in Business

   Added on 2021-05-31

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Running head: LEADERSHIP IN BUSINESS1Leadership in businessName:Institution:
Ethical Management Leadership in Business_1
LEADERSHIP IN BUSINESS2IntroductionIn the contemporary world of business, it is essential to note that proficient, competent and well-organized ethical management leadership is a comprehensive business practice (Trevino and Nelson, 2016, pp. 20). The managers heading various companies operating in the current business environment must be keen to effectively address and manage ethical issues within their business premises. Thus, ethical management leadership can be best described as a process by the organizational management to guide and direct the organizational employees to incorporate ethical practices, behavior and values in their daily operations in order to enable the company deliver the best results (Ciulla, 2014, pp. 42). There are a number of ethical issues that companies need to address in order to remain relevant and competitive in the business environment. Such issues ethical considerations include corporate social responsibility, brand reputation, compliance to the law, environmental pollution, consumer protection and privacy (Parrott, 2014, pp. 84). A company that adheres to high ethical standards conduct will have its employees’ morale boosted, have undisputed enhancement of their corporate image, improved organizational performance, increased productivity, improved business-customer relationship and increased shareholder loyalty (Hartman, DesJardins & MacDonald, 2014, pp. 133).Hence, it is crucial to understand that efficient and knowledgeable ethical management determines the organizational success and growth in many ways. However, the process of managing these ethics tend to pose a great challenge to many managers due to a number of reasons and factors such as lack of teamwork, poor communication, culture and high costs of managing ethical standards within an organization (Trevino and Nelson, 2016, pp. 20). Therefore, the essay seeks to outline and discuss various challenges faced by the managers in theeffort to apply and practice ethical management leadership in Asian countries as well as
Ethical Management Leadership in Business_2
LEADERSHIP IN BUSINESS3recommendations and suggestions on how managers in the selected Asian countries can practice and apply ethical management leadership in their companies.The unconducive business environment and lack of a clear strategy stating the ethical standards and how they will be followed is posing a big threat for managers heading most companies in Asian countries (Shapiro and Stefkovich, 2016, pp. 110). Due to the changes brought by globalization, employees will come into an organization and others will leave. Hence,it means that there are new people joining the organization due to some changes in business environment. For instance, the introduction of new technology will propel some organizations to acquire new staff to join their companies and handle such technological operations. Therefore, organizations are lacking a well-established way of ensuring that they train the new employees about the ethical issues to be considered in their line of duty. Some other companies may have those ethical issues documented but the elaborate mechanism of passing them to the new employees’ issues is lacking (Schermerhorn et al., 2014, pp. 53). For instance, the KOSAN Company in China has been facing a very bad relationship with its suppliers and employees leading to fall in their revenues by 30%. Since the new employees have no background information on the very good ethical standards to help them relate with the suppliers, the situation tends to get worse since suppliers fail to supply the raw materials enough to produce thenecessary end products (Mizuo, 2013, pp. 10).Lack of consistency in following the company’s ethical guidelines by managers tend to be very challenging for most organizations in the Asian countries. In ethical management studies, managers in a company need to as role models in steering the adherence to the ethical guidelines (Crane and Matten, 2016, pp. 134). Thus, it means that failure by the managers to do so may discourage their employees from following ethical rules and regulations to the end.
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