adership in depth and provides examples of how ethical and unethical behaviours of leaders persist in today’s globally diverse business environment.
Increasing business competition, globalization, immigrations and technological advancements have changed the course of business. The way of conducting and managing businesses has been changed dramatically. It has become vital to understand the change required, incorporate it in the plans of business and efficiently implement the change needed. However, the idea of change and maintenance of loyalty among stakeholders is a very complex and complicated task. The increasing diversification around the globe has changed the communication, management and leadership techniques to continue with their effects. Business owners are now required to keep in view the needs of the diverse workforce, customers, suppliers and other stakeholders. Business management and leadership has become a more complex phenomenon to deal with. More ethical and moral concerns are rising with the advancements and changes in business environment.
Researchers are taking greater interest than ever in understanding the ethical issues that are continuously increasing. Ethical crisis has been taking more attention than ever knowing its devastating effects not only on the employees but also on customer behaviours, government perceptions and overall performance of businesses. It is important to understand the concept of ethical crisis and its factors in order to resolve or reduce the threats it brings. Where did ethical crisis come from? Who can resolve the issue arising from it? How? What is the public opinion about leaders? How is it affecting businesses? Can leaders help making the situation better? What are some current examples of ethical business operations and decisions made by leaders? The aim of this paper is to answer these questions and include all possible factors to understand the value of ethics in business. The paper also aims to understand ...
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