The desire for power, money, and success can be a destructive force that has far-reaching implications for ethics and morality within organizations. The problem is greed!
Having a strong value compass that aligns with ethical principles has become a crucial factor in building a successful and sustainable enterprise. In this article, we will delve into why a value compass is essential for your business, with a specific focus on ethical values.
Ethics should be the foundation for action in every company. It helps build trust, attract and retain employees, reduce legal and financial risks, and contribute to the greater good of society. By focusing on ethical behavior, companies can not only achieve financial success, but also make a positive contribution to the world.
We can talk about good and bad management, and think about why businesses fail or why companies get involved in unethical business practices. When we take a deep look into the root cause of today's problems, which dominate the headlines of business news, we can easily identify that there is a general lack of value orientation in management and leadership. So what we can say is just that....
....Value-oriented leadership is important for several reasons. Here are some of them: