In the Metaphysics of Moral by E. Kant, the great philosopher cites that ethics is every action by which one enables the freedom of oneself and others, which will allow everyone to coexist peacefully, which is considered to be right. It is down to the point of doing the right, which benefits society’s macro and micro aspects.
Therefore, the word ethical leadership refers to following the right principles, which will benefit the business and the greater will of society.
For example, today, all companies are following the program of zero-emission, which comes under the part of ethics and doing the right thing.
Table of Contents
The Importance Of Ethical Leadership
As Uncle Ben says, with great power comes great responsibility. Similarly, when you get into a leadership position, you must use the place to grow the business and the community.
Hence, experts and business executives are moving towards protecting the spirit of nature and humans.
Here are some of the benefits that will change your outlook toward ethical leadership –
Improved Brand Image
Today, people are inclined towards businesses that are in the right practices, as environmental activists have raised awareness of inhuman-like practices and asked business executives to do the right thing.
It creates a good brand image in the market, especially with the exponential rise of the digital world. Therefore, acting and participating in the right behavior will get you customers and more business to grow and expand.
But how do you instill such thoughts or behavior within yourself?
- Through executive development and ethical leadership coaching!
Positive Workplace Culture
It is more like Liverpool FC’s slogan: You will never walk alone, which is similar to setting the workplace culture in the company. Employees look up to leaders and try to imitate that in their actions toward means of production.
Therefore, in order to develop the right workplace, you need to motivate the people in the right direction and guide them to participate in good ethical behavior. Consequently, you must look for ways to participate in good practices with the right moral reasons and truth.
Another thing that follows ethical leadership is helping the HR department attract the right people to help the company grow.
Ethics and recruitment go hand in hand, especially if you look at the rise of woke GenZ, for whom doing the right thing matters before engaging themselves in the production line.
For reference, you can review the workers of Disney.
Leaving aside, hiring the right people with moral codes and ethics is important, ensuring that the company contributes to society more; for that, the right leadership is imperative.
The present business scenario has changed over the years, especially with a customer looking to buy products whose manufacturing process is right.
It does not necessarily harm the flora and fauna of the environment. Rather, it depends on recycling processes like Levi’s and Adidas.
In simple words, a business that can put forward good ethical choices and decisions will gain the maximum numbers at the end of the financial year and lower the customer attrition rate, which is important for the growth of the business.
You do not want to be like Netflix to believe in hiring and firing employees, whereas your investment in staff should have a longer-term perspective.
Therefore, ethical leadership is necessary to build trust with employees participating in the growth and expansion of the company.
It is impossible when you make employees less threatened, less objectionable to the direction of the business, and look after mental and physical well-being through proper remunerations and leave structure, which will help you gain employees’ trust.
All in all, you will move towards decreasing the employee attrition rate and increasing staff loyalty, ensuring the smooth flow of business.
The Bottom Line
In the end, it is the logical human actions that make the difference between right and wrong practices. Therefore, it is important to engage in education that will teach you about ethical practices and ways to build a company whose work and brand image entangles to contribute to the greater good of society.