Explain strategic leaders develop the firm’s strategic direction
Ethics are a part of who we are as individuals in our personal lives and how we are as employees at a business. Ethics come into play in how people think, make choices, make decisions and how they behave. Proverbs 13:11 states that “Wealth gained by dishonesty will be diminished, but he who gathers by labor will increase.” Ruddell (2014) asserts conducting an ethical business establishes trust among stakeholders. This includes all of the people who are affected by a business’ activities. Although there might be gains when doing unethical things an organization’s reputation can be damaged when a leader’s strategic direction appears to be unethical. According to Ruddell (2014), Ethics Culture is “the extent to which employees at all levels are committed to doing what is right and successfully upholding values and standards.” All employees include leaders or managers who should strive to set a standard for an ethical culture within their organization. There may be times when people find it difficult to balance ethical or Christian worldviews with the business world, but in the end when things are done right people can feel good about their decision. There may be actions that are not necessarily against the law but can be unethical. If something feels wrong maybe it shouldn’t be done. Regarding competition, Hitt, Ireland and Hoskisson (2017) assert when gathering intelligence against competitors “firms must follow relevant laws and regulations as well as carefully articulated ethical guidelines.” (p. 67). Leaders of companies are often seen as a representative or face of an organization. They should strive to be ethical when representing their company. Luke 6:31 states “And as ye would that men should do to you, do ye also to them likewise.” When pursuing a strategic direction, leaders should should be aware that what they do affects the image and character of the firm
Prompt: Strategic leaders develop the firm’s strategic direction. The strategic direction specifies the image and character of the firm. Discuss how the ethics of the strategic leaders affect the image and character of the firm.