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Essay / Ethics and Values in Business Sustainability - 978
The importance of ethics and values in business sustainability. Before explaining the importance of ethics and values in business, we need to define the following: Ethics: The ability of an individual to distinguish their moral judgments about right and wrong. Values: These are the moral standards and principles that a person considers important. They work hand in hand with ethics. Sustainability: meeting the challenges of ensuring that future generations can enjoy the same type of lifestyle we enjoy today. Critical decisions within a business/organization may need to be made by individuals or groups. More often than not, the ethics and values of the employees of that organization will affect the quality and type of decisions made within the organization. Ethical behavior and value system of employees is very important because in the long run, for example, if employees are not ethical, it will end up being ingrained in the company culture and ruin the image of the organization , which will make the sustainability of the business extremely difficult. Common benefits of a company that promotes ethical behavior and value systems are:1. Attract Customers – If you take care of your customers, they will definitely continue to support you. In the long run, this will increase the company's sales and profits2. Employees will want to stay with the company. If you take care of your employees, they will take care of your business. Your employees will be motivated and this could increase the productivity of the company. There will be no need for labor turnover and less money will be spent on training programs.3. Attract more employees - This way the company can get more talent and manage the bubble...... middle of paper ... ader can do by ensuring that everyone contributes effectively to the 'business. This will help people realize their potential and foster their potential to achieve a common goal. The Most Common Ways Leadership Can Benefit a Business1. A Clear Vision – Setting a clear vision and communicating it effectively helps employees understand.2. Effective Planning - A well-conducted plan will be effective in achieving the organization's goals.3. Inspiration and Motivation - Provides inspiration and motivation for people to perform optimally.4. New Ideas – Employees can openly contribute and discuss new ideas in a positive environment. It is clear that without leadership a strong business is not possible, much less efficient production. Leadership is the glue that ensures everything is in place at all times, doing exactly what it's supposed to do..