Ethical Leadership - The Cornerstone of Running a Business Successfully
DOI:
https://doi.org/10.33516/maj.v59i11.90-91Keywords:
No Keywords.Abstract
Ethical leadership has become a vital concept in today's corporate world, as recent scandals have highlighted the catastrophic impact of unethical practices. This article delves into the core principles of ethical leadership and explores how it influences organizational culture, decisionmaking, and long-term business success. It examines prominent global and Indian corporate failures that illustrate the importance of integrity and transparency in leadership roles. Through a review of literature, analysis of objectives, and study of ethical leadership's organizational benefits, this article underscores the essential role that ethical leaders play in fostering sustainable growth and creating positive stakeholder relationships.
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References
Brown, M.E., & Treviño, L.K. (2006). Ethical Leadership: A Review and Future Directions. Journal of Management, 32(6), 951-990.
Kouzes, J.M., & Posner, B.Z. (2002). The Leadership Challenge. Jossey-Bass.
Global Business Ethics Survey (2020). Ethics Resource Center (ERC).
From the industry-wide experience of the Author as CFO and Acting CEO roles while working with reputed organizations in India and international locations.