What is ethical leadership in business?
Ethical leadership in business refers to guiding an organization with principles of fairness, integrity, and respect.
Why is ethical leadership important?
It's crucial because it fosters trust, enhances reputation, and promotes a positive workplace culture.
Can you give examples of ethical leaders?
Sure! Leaders like Paul Polman of Unilever and Howard Schultz of Starbucks are known for their ethical practices.
How can a company promote ethical leadership?
Companies can promote ethical leadership by providing training, establishing clear values, and encouraging open communication.
What are the challenges of ethical leadership?
Challenges include resistance to change, balancing profit with ethics, and navigating complex moral dilemmas.
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