August 22, 2016 in Services
Leading someone, whether in personal or professional life, is an extremely sensitive and demanding task. It not only requires the leader to be just and motivating at all times, but also requires them him or her to master the skill needed for the job.
There are many competencies that when put together define a good leader. Among these, one of the most highly rated competency is that of having ‘high ethics and moral standards’ while leading.
‘Ethical Leadership’ is a quality that is derived from a conscientious state of mind that can identify right from wrong when making a decision, while also respecting the rights and dignity of others involved. Fair and honest leadership makes it easy to create a strong bond and generate trust among followers. Once this trust is established, followers automatically feel more important which boosts their self confidence and makes them more committed to the organization and its ethos. It is hence imperative that a leader take the opinions of his or her followers while making any important decision.
Being true to your principles and values is key to being an ethical leader. Nurturing this quality also makes the leader a better role model among the followers who can then adopt this attribute. Followers of ethical leaders identify more with the organization, thus improving its overall structure, functioning and reputation in the market. This also positively impacts the credibility and social standing of the leader as well as the organization and further imparts a sense of security among its stakeholders. Happier the stake holders, better is the growth of the company.
In recent times, many organizations have started understanding the importance of ethical leadership and adopting it into their work culture. Here are two successful examples of the same:
Zappos.com (leading online shopping portal in US)
Tony Hseih at Zappos is one of those people who has managed to achieve and implement an ethical work culture. One of the way in which he has done this is by using the same cubicles that are used by any other employee. He also went on to reorganize the company’s structure so as to avoid hierarchy
Wipro (leading IT services corporation)
Winner of “World’s Most Ethical Company’ by Ethisphere, a global leader in defining corporate ethical standards in companies all over the globe, for the 5th consecutive year, Wipro has established itself right on top for its ethical business functions. Azim Premji, Chairman of Wipro has even drafted an entire manual called COBC – Code of Business Conduct, that is religiously followed by every employee in the organization. Their idea of ultimate transparency at all levels is what puts them on top in this category.
Ethical leadership brings with it a great sense of responsibility and its the accountability of the same that goes on to reveal whether or not it has been successfully achieved.