Use Of Ethical Behavior Will Pay Off Philosophy

In order to answer my first question I would like to say that YES ethical leadership will always pay off in the long run as it is the base and the roots of every person and business. To be ethical is, to be honest, moral and disciplined.

The word ethics is resultant from the Greek word ethos, referring to a person's primary orientation toward life. The Latin conversion of ethos is "mos, moris," from which comes the English statement moral. In Roman times, the emphasis shifted from internal character to overt activities - acts, lifestyle, and customs. Ethical behavior is what all career people should aim to have. Not just the ethical attributes but the exceptional behavior in this regard. This is because to build a career, you must be governed by rules of ethics to safeguard you and others.

Different organizations have an ethical code of behavior. Over and above this, different professions have ethics codes that are not to be violated. The main definition of ethics is that it is a philosophy which seeks to uphold various fundamental issues that mainly address morality and so on. There are many things that you can gain from having good behavioral ethics in the workplace.

Leaders must understand the subject of ethics - what it is and why it is important. Ethics is the branch of values concerned with the goal, means, and penalty of moral behavior. It is the study of moral decision and right and wrong conduct. Some human judgments are accurate (earth is round); others are visual (she is beautiful); and still others are ethical (people should be honest and should not kill). Moral judgments are the judgment about what is right and immoral, what is bad and good.

ROOTS OF ETHICS

Ethics has both religious and secular roots. Religious ethics is based on a theistic understanding of the world. What is real, true, and good is defined by God. Secular ethics is based on a scientific understanding of the world. Reality, truth and goodness do not depend on the existence of a God. Both religious and secular ethics may endorse many common values, such as the preservation of life and the importance of the Golden Rule. The primary difference is how values are verified.

There are some basic principles of ethics and ethical behavior:

PRINCIPLE OF BENEFICENCE

Traditionally unstated as the "first principle" of integrity, the dictum "do well and avoid evil" lends some moral substance to this principle. The code of beneficence is a "middle principle".

PRINCIPLE OF COMMON GOOD

In general, the common good consist of all the circumstances of the society and the goods protected by those conditions, which permit individuals to accomplish human and spiritual flourishing.

PRINCIPLE OF DISTRIBTIVE JUSTICE

Considered as one type of fairness, distributive justice is a fundamental concept in the Catholic convention and is closely connected to the human dignity, the common good and bad people.

PRINCIPLE OF DOUBLE EFFECT

An action that is superior in itself that has two special effects - an intended and otherwise not logically attainable good effect, and an unplanned yet foreseen evil effect-is licit.

PRINCIPLE OF FORMAL AND MATERIAL CORPORATION

Moralists have long famous that under many circumstances, it would be unfeasible for an individual to do well in the humankind, without being concerned to some extent in evil.

PRINCIPLE OF HUMAN DIGNITY

The fundamental worth that inheres in each human being. From the Catholic standpoint, the source of human self-esteem is rooted in the notion of Imago Dei.

PRINCIPLE OF INFORMED CONCENT

It is the right and duty of every knowledgeable individual to advance his or her own welfare.

PRINCIPLE OF RELIGIOUS FREEDOM

All persons have a right to spiritual freedom, which has its base in human dignity. This principle implies that competent persons should never be enforced to act in a manner.

PRINCIPLE OF RESPECT FOR AUTONOMY

As commonly understand today, autonomy is the aptitude for self-determination. Being autonomous, however, is not identical as being esteemed as an autonomous agent.

PRINCIPLE OF TOLERATION

Lenience of moral and religious view other than one's own is often measured a civic virtue in the United States. In the Catholic ethical tradition, however, the standard has a long history that is deep-rooted not solely in a democratic origin of the government but of government as it is merely related to common good.

IMPORTANCE OF ETHICS

Ethics is essential not only in industry but in all portion of time because it is the fundamental part and the institution on which the society is put together. A business or the social order which lacks ethical morality is clear to fail sooner or afterward. . According to International Ethical Business Registry, "there has been a spectacular increase in the ethical anticipation of businesses and professionals above the past ten years. Increasingly, consumers, clients and human resources are intentionally seeking out those who describe the basic soil, rules of their action on a day today...."

"Price is what you pay. Value is what you get" - Warren Buffet

A manager should always treat his staff, regulars, shareholders, administration, media and civilization in an truthful and fair way by knowing the diversity between right or wrong and selecting what is right, this is the groundwork of principled decision making. MEMORISE: GOOD ETHICS IS EXCELLENT BUSINESS.

"Non-corporation with the evil is as much a duty as is co-operation with good" - Mahatma Gandhi.EXAMPLETHE STARBUCKS STORY

A good example of the importance of values and ethics for business success is Starbucks. In 1971, The Starbucks Coffee, Tea, and Spice store opened for business in Seattle, Washington. Today, Starbucks is a global enterprise with 11,000 stores in 37 countries and more than 100,000 employees. It averages 35 million customers' visits each week and has customers who return an average of 18 times a month. Since 1992 its stock has risen 5,000 percent.

In The Starbucks Experience, Joseph Michelle describes five leadership principles that are foundation of Starbucks' greatness - makes it your own, everything matters, surprise and delight, embrace resistance, and leave your mark.

These principles are put into practice through the Green Apron Book, a pocket - sized job - aid that describes employee "ways of being" in order to be successful - be welcoming, be genuine, be knowledge, be considerate, be involved. These are simple instructions provided in an appealing way that capture the essence of the company's culture.

In 2008 Michael Gill wrote How Starbucks Saved My Life. It is a story about life and work with valuable leadership lessons.

CONCLUSION

Establishing moral principles means shaping the core values which must guide the organization. O'Brien suggests four for selflessness: localness, merit, directness, and leanness. By localness, he means adopting a viewpoint of pushing power downward to the lowest level feasible, and encouraging initiative and autonomy. By merit, he means directing actions toward the overall goal of the association, and what is most excellent for all. By openness, he means being straightforward and honest in all transactions. And by leanness, he means well-organized use of resources and economy when possible.

"REAL LEADERS ALWAYS CONCENTRATE ON DOING RIGHT THINGS, AND NOT DOING THE THINGS RIGHT"Question 2."Within the business context, businesses are expected to have good ethical values and act socially responsible. The problem is that the ethics of the business is a mixture of individual sets of ethics. This is why it is important to have good individuals as employees. It is also equally important that when you go to work somewhere that you feel like you share the values of those you work with. Ethics is not just talking about the right thing. It is doing what is right in every decision that is made."Based on the above observation discuss the impact on society that ethical leaders can make.Answer 2.

Traditionally, if we go through the meaning of the leadership then it is , person who can make profits for the company and make company grow. This traditional view of leadership is slowly getting down, as more theorists are acknowledging that leaders should also have the standard of ensuring trust and ethical behavior. Good leadership represents not only to competence, but to ethical behavior and transforming people. Ethical leadership needs ethical leaders. If leaders are ethical, then only they can ensure that the ethics will be followed inside the company.

Ethical leadership is a type of leadership that involves leading in a manner that compliments the right and decorum of others. "As leaders are by character in a position of social authority, ethical leadership focuses on how creams of the crop use their social control in the decision they make, measures they engage in, and ways they manipulate others". Leaders who are ethical reveal a level of honesty that is important for motivating a sense of leader credibility, which is important for supporters to accept the visualization of the leader. These are significant and direct components to leading decently. The character and veracity of the leader provide the origin for personal characteristics that express leaders' ethical beliefs, principles and decisions.

Leaders who are ethical are nation oriented, and also conscious of how their decisions affect others, and use their social power for the goodness of other and not for their self interest. Another aspect of ethical leadership is to motivate their followers to work for the interest of people and put their interest first instead of self needs and interests. Motivating involves appealing others in a logical and emotional dedication linking leaders and supporters that make both parties similarly responsible in the search of a common goal. Ethical leaders assist supporters in gaining a sense of individual competence that allow them to be self satisfactory by encouraging and empowering them.

It is said that people will always forgive the leader who will fail to reach the goal or fail to make good relation with the team or not work properly but never forgive the leader who is not disciplined and well principled. Such a person lacks ethical authority and cannot be trusted or respected. Even as essential as visualization is to leadership success, more imperative are values, because the morals of the leaders will establish the rightness and unfairness of all that he or she does.

Leaders are always ike role models so everything they say regarding ethics is like the truth for the followers and it always put an enormous impact on the followers. It is something which is more that a document or a memo of the company. The leaders' actions put the manner for peoples' behavior in the direction of one another and for presentation on the job. An effective leader accomplish, through personal example, the building of individual obligation and group teamwork towards accomplishment of the assignment or mission. The leader who is honest, noble and dedicated in his personal actions helps the assembly succeed.

Now as leadership is in so demand so more and more schools have starting teaching ethical leadership as an important subject for the students. Almost half of all big business schools now require one or extra courses in ethics, and commerce ethics doctoral programs have been recognized at the University of Pennsylvania's Wharton School and the University of Virginia's Darden School of Business.

Ethics in leadership is the key to the organization. Business leaders must take those decisions which will not only benefit them but also to others and should recognize that whether it will affect other or not. The good leaders make known their moral principles and their ethics and advocate them in their leadership approach and procedures. It consists of communicating absolute and accurate information, where there is a non public and proficient, ethical, or legal commitment to do so. When practicing ethics, you expand the respect and appreciation of employees, with the contentment of knowing you did the right thing.

Seven Principles of Commendable Business Ethics

1. Be Trustful: Trust is a core for every business so every business leader should always try to maintain the trust of their customers. This will help the business to make good and healthy relation with customers and creates goodwill of the company.

2. Be Open Minded: To make the company grow, the leader should always welcome new ideas and keep an open mind to generate new ideas for the benefits of the company which will help the company to expand. Leaders should ask for opinions and ideas from the customers nad the employees.

3. Meet Obligations: Leader should work hard regardless of any circumstances he should try to make best use of his power and gain customers and clients trust. He should be able to reclaim all the business losses by honoring all his commitments and obligations.

4. Have Clear Documents: It is the primary responsibility of the leader to re evaluate the documents of the company and make it clear that whether they are correct or not. It may include brochures, or print documents of the company which are official. Most importantly it is necessary to know that they do not misrepresent or misinterpret.

5. Become Community Involved: Leaders should always keep their organization involved with community and its other things so that the society will know that the company is community oriented and always take interest in community things, in simple words be involved.

6. Be Respectful: Leaders should always respect others with heart and should not do discriminations regarding colour, age, positions, and all other aspects.

EXAMPLE

One of the highest-flying examples of not having an decent leader is in the big business Enron. Enron Corporation is a gas pipeline company that twisted into a massive enterprise. In 2001, the company malformed due to scandals and bad headship. Basically, the motive why they failed was due to a position of values that employees had to consent to, but in fact executives were demonstrating a different set of values. Due to this miscommunication of values and other important facts, the company went bankrupt.

The conclusion to the Enron case, according to Wee Heesun, is that smart CEOs will realize that an honest, transparent, and trustworthy culture can also bolster employee morale and ultimately guard shareholder value.