Question 1: Explain the importance of ethics and values in corporate sustainability.Question 2: How important is leadership in the success of business organizations.CONTENTSCover page…… ………… ……………………..……………..…………..1Summary Page………… …………………….……….2Ethical Values and Sustainability of Business…………………… ………………3Importance of leadership in business Organization………………….6Bibliography…………………..……………..……… …….. …………………9Ethics and values in corporate sustainability.What is ethics? “Ethics can be defined as the moral principles that govern or influence a person's behavior” – HornbyWhat are values? “Values can be defined as the context within which the norms of an organization or society are established and justified. Values are attitudes towards things like truth, justice, honesty, loyalty, etc.”. –Nieuwenhuizen C & Oosthuizen TFJWhat is corporate sustainability? “Corporate sustainability is defined as managing the triple bottom line – the process by which companies manage their financial, social and environmental risks, obligations and opportunities,” which happens by focusing on people, planet and profit. Ethics and values are seen as one of the most important things needed for a business to be successful and sustainable. This is demonstrated by several companies that have had unethical or unethical employees and business practices, and have now gone out of business due to bankruptcy, just like Enron. Most organizations also have organizational values, which are the values determined by the company because individual values differ. Most people's values are determined by several factors, for example where they grew up, their parents, ... middle of paper ...... hweppes Corporate and Social Responsibility Report 2002 http:/ /businesscasestudies.co.uk/cadbury-schweppes/ethical-business-practices/the-importance-of-ethics-in-business.html#ixzz2zpkdytWi• Tanya J. Hall, The Triple Bottom Line, 2011 http://www. ibrc.indiana.edu/ibr/2011/spring/article2.html• Robert Jon Peterson, Enron Case Study, 2011 http://www.sophia.org/tutorials/enron-case-study• Leadership , Dictionary.com, 2014 http://dictionary.reference.com/browse/leadership• ASTD Staff, The Impact of Good Leaders Versus Bad Leaders, 2013 http://www.astd.org/Publications/Blogs/ASTD-Blog/2013/01 /The-Impact-of-Good-Versus-Bad-Leaders-on-a-Company• Amy Rees Anderson, Good leaders are invaluable to a company. Bad Leaders Will Destroy It, 2013 http://www.forbes.com/sites/amyanderson/2013/01/14/good-leaders-are-invaluable-to-a-company-bad-leaders-will-destroy-it/
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