1 Feb 2023

159

The Pharmaceutical Drug Business in America: Worse Than Illegal Drug Usage?

Format: APA

Academic level: High School

Paper type: Research Paper

Words: 1139

Pages: 1

Downloads: 0

Introduction 

According to the Workplace coach (2013), ethical leadership is the ability to identify and applying good and noble traits through courage in all aspects of life for the good of all. The key elements of ethical leadership involve respecting the dignity and the rights of other individuals who are under your guidance. While in the former days, real leadership was measured by the productivity and increase in annual revenues; currently, the success of most organizations is based on the standards and ethical roles of the leaders or individuals in charge. Therefore, it is clear that excellent leadership and the success of an organization is not only measured with the competence but with the incorporated ethics that plays a significant role in transforming lives and organizations involved. 

Literature Review 

Scholars have analyzed and concluded that ethical leadership is the contrast of related aspects of leadership that bring out the concerns and moral dimensions like authenticity, spirituality and transformational leadership. As highlighted by Michael Brown and Linda Trevino (2006), it is due to poor direction and the incorporation of unethical traits that has contributed to the scandals and poor running of organizations, governments, sports and businesses among others. They define ethical leadership as the demonstration of appropriate orchestration through individual traits and interpersonal relationships that are communicated to all the proper channels purposely for excellent work delivery, decision making and reinforcement. Bernhard Bachmann (2016) elaborates that throughout the year's leadership has transformed. Currently, transparency measures are put in place to facilitate the uncovering of ethical failures that institutes are facing worldwide. Moreover, the tendency of being obsessed with particular leaders and their ways of conduct is decreasing with the consideration of what matters to all the people involved in our communities and organizations. 

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Dov Siedman (2017) argues that ethical leaders have a way of impacting the operations of the other individuals within an organization through their characters. Siedman explains that it is through moral leadership that followers or employees can trust, and their morale for delivering their duties is impacted. Some essential characteristics of an ethical leader in an organization include humility, knowledge, and integrity. The ability to choose and determine right from wrong through the identified universal principles of knowledge is what is defined as ethics. Therefore, as analyzed by Siedman, ethical leadership focuses on the conduct of the leader and how they influence their followers. As a result, an organization under an ethical leader succeeds and its operations are observed as the best even under severe circumstances. Moreover, the fundamental building block of moral leadership that impacts the success of an institute includes fair treatment and handling of people together with pro-activeness in morality management. 

Findings and Discussion 

Among the organizations and institutes that have incorporated ethical practice in conducting its operations, both the leaders and the followers tend to develop an organizational culture that impacts its success and growth. As explained by Paula Fernandes (2017), it is the character of the leaders that ensures that the purpose of the organization is met fully. As in the case of an audit firm, ethical leadership ensures that the personnel team diligently performs their roles hence resulting to proper maintenance and use of company resources like finances. Through respect for the staff members, the organization automatically develops a respective culture among the individuals within the institute which also transcends to their clients who may feel satisfied and cared for by the way they are treated and served. Consequently, the clients develop a sense of belonging in relating with the organization in a loyal manner, which ensures that Customer Relation Management within the organization is enhanced and maintained. 

On the other hand, leaders who practice ethical practices in their organization facilitate teamwork which is among the vital recipes of a successful institute. Teamwork in enhanced through the ability of each to deliver their duties according to their work description which on the other hand encourages each member to accomplish their tasks as required. Hence, the company is directly affected improving its operation and existence which is key to its success. For a leader to impact their followers there must be ways of interactions that facilitate collaborations and association. In this case, communication is the most significant element that encourages excellence in job delivery and team communications in any organization. Therefore, while communication is used as an ethical aspect in improving relationships among team members within a company, the growth and success of the organization are impacted facilitating refined channels of communication that utterly contributes to the success of the organization. 

It is evident that the establishment of most businesses, organizations or companies is geared at achieving the set goals, hence enhancing the success of the enterprise. For the team to accomplish its aims, it is the responsibility of the leaders in charge to influence the employees through proper characters communication and job execution. Through setting the pace, it is easy for the administrator to set desired standards within the workplace that will ensure that the staff members follow the right channel and delivering the defined duties beyond expectation. Good characters portrayed by the leaders also help to motivate employees and enhance their moral in the workplace. The organization, on the other hand, benefits from the use of minimal available resources hence saving on the critical resources like skilled professional personnel, finances and time. These resources play a prominent role in ensuring that company success is met, developed and maintained. Moreover, it is easy for the company to save on its revenues while maximizing on the available resources. Staff members, on the other hand, are in a position to identify the areas that matter most in the organization hence applying their concentration on these areas that work on the success of the company. 

Adverse outcomes are evaded by organizations when ethical leadership is used and implemented. The fruitfulness of the firm, on the other hand, is inevitable which not only affects the lives of the people involved but the community and the economy of the nation associated. As simplified by Workplace Coach, a leader’s aligned values must trigger their internal beliefs and desire to work on their purpose in the firm. Their traits must be focused on improving the well-being of everyone within the company which on the other hand develops an environment that impacts the success of the firm. Among the anticipated traits are virtues, vision, value, and voice. Virtuous leaders work hard to do what is acceptable about the mission and vision of the firm. On the other hand, the image of the company must be framed within the company by the leader in serving and delivery of the responsibilities assigned. Moreover, the leader must always remind and impact the firm’s vision for the rest of the team members ensuring that the success of the company is not jeopardized in case of team members lose sight of the vision. The leader is also encouraged to be the voice within the workplace in that the rest of the team understands what is required and expected. Hence, ethical leadership is a vital requirement for the success of any firm which is dependent on the collaboration of everyone in the team. 

References 

Bachmann, B. (2016). Literature Review: The Evolution of Ethical Leadership. Ethical Leadership in Organizations , 27-63. http://dx.doi.org/10.1007/978-3-319-42942-7_3 

Brown, M., & Treviño, L. (2006). Ethical leadership: A review and future directions. The Leadership Quarterly , 17 (6), 595-616. http://dx.doi.org/10.1016/j.leaqua.2006.10.004 

Paula Fernandes. (2017, April 3). How to Be an Ethical Leader . Retrieved June 17, 2017, from Business News Daily: http://www.businessnewsdaily.com/5537-how-to-be-ethical-leader.html 

Seidman, D. (2015, May). Six key principles for ethical leadership . Retrieved June 17, 2017, from World Economic Forum: https://www.weforum.org/agenda/2015/03/six-key-principles-for-ethical-leadership/ 

The Workplace Coach. (2013, March 16). The Importance of Ethical Leadership . Retrieved June 17, 2017, from The Workplace Coach: http://www.theworkplacecoach.com/the-importance-of-ethical-leadership/ 

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StudyBounty. (2023, September 15). The Pharmaceutical Drug Business in America: Worse Than Illegal Drug Usage? .
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