- Articulate and clarify the values for the organization
- Explain how these values impact decision making
- Hold employees responsible for keeping these values in their work
- Reward those who show values-based efforts in decisions and service.
August 26, 2014
Which is better value-based leadership or ethical management? Or are they one and the same with just different names?
Business management ethics was a big topic in the last two decades of 20th century. Then came the 21st century and everyone began to talk more about value-based leadership although the concept had been around for some years.
Values and ethics should overlap in company leadership since personal core beliefs are what should influence the decisions that need to be made. However most think of ethics more along the lines of a business code of conduct that defines what is acceptable behavior for employees or when dealing with customers. Whereas values are more about feelings of what is right or wrong about a situation that should help guide people to make the best move.
Great values-based leaders will do the following: