OL224 Lecture Notes - Lecture 5: Pest Analysis, Homeboy Industries, Virtuous Circle And Vicious Circle
Document Summary
Employee well-being: creating a pleasant workplace, guarding the environment. Wool dryer balls: engage in social entrepreneurship (@laurier) Developing formal mechanisms for dealing with ethical problems. Conducting an environmental audit: remember, leaders have an impact on the internal environment (can thus may be able to address situational causes of unethical behaviour) Ethical leadership includes having honesty and integrity, paying attention to all stakeholders, building community, and respecting the individual. Unethical behaviors have had detrimental effects on many companies; ethical behavior is related to financial performance (virtuous circle) Don"t do it for the money; do it because it is the right thing to do. People have different ethics from another because of factors like moral identity; level of moral development; and the situation itself. Before reaching a decision about a potential ethical issue, leaders should ask themselves a series of important questions. Leaders can encourage ethical behavior by promoting social responsibility and entrepreneurship.
