Leadership and Ethics in Business Essay Example | Topics and Well Written Essays - 750 words

Leadership and Ethics in Business - Essay ExampleFor example, Coca low-down forced to stop its operations in the southernmost state of India Kerala because of strong public protests against underwater developing by Coke. In 1999, the Hindustan Coca-Cola Beverages Private Limited, a subsidiary of the Atlanta based Coca-Cola phoner, established a whole caboodle in Plachimada, in the Palakkad district of Kerala, southern India. The Perumatty Village Council gave a licence to the company to commence achievement in 2000. Coca Cola drew around 510,000 litres of water each day from boreholes and open wells. For all(prenominal) 3.75 litres of water used by the plant, it produced one litre of product and a large amount of groundless water. In April 2003, the Perumatty Grama Panchayat (Village Council) refused renewal of Coca-Colas licence to operate on the grounds that it was non in the public interest to renew the licence stating the excessive exploitation of ground water by the Coca -Cola Company in Plachimada is causing acute drinking water scarcity in Perumatty Panchayat and nearby places (Case against Coca-Cola Kerala State India, n.d.) . Coke forced to stop its operations in Kerala because of the agitations by the public against underwater exploitation. It should be noned that Kerala public is the most educated pot in India. They know the consequences of unsustainable clientele practices. CEOs who are reluctant in implementing sustainable railway line practices should learn from the cokes experience in Kerala. Even uneducated people are aware of their rights nowadays. Another example from India shows the awareness of uneducated people with respect to unsustainable development. Villagers around the Kudankulam nuclear plant in Tamil Nadu are intensifying their...In other words, business ethics is not a term which contains contradictory terms. The ethics followed in the business of one dampen of the world is applicable in other parts of the world as well. In fact business and ethics should go in parallel directions so that sustainable development becomes possible. Since all the decision qualification are done by the managers, they ache the responsibility of taking ethical decisions. Managers should realize that The economics should not be paramount to ethics in business if anything, ethics should be paramount to economics (Elm & Radin, 2012, p.314). virtually of the newly appointed managers do not recognize the needs of ethics in business. One of the conventional beliefs about business is that profit making is the only objective of business. Managers should realize that such traditional beliefs and thoughts have no relevance in the modern business world. According to the modern business principles, ethics and sustainable business practices are the much needed qualities for a business to enjoy success in the topical heavily competitive and globalized business world. Modern customers are more interested in rating the companys ima ge in terms of sustainable business practices before taking any get decisions. Organizations with bad reputation in keeping ethical business habits may struggle to survive in the market. The Enron example is relevant here.