Organization’s culture and values
All companies have a culture. In order for employees to function and succeed, it is essential they understand and believe in the culture. Organization’s culture can be defined as “A pattern of basic assumptions that the group has invented, discovered, or developed in learning to cope with its problems of external adaptation and internal integration” more precisely it can be said that organization’s culture is pattern of shared values, norms, and practices that help distinguish one organization from another. An organization culture represents the shared sense of the way we do things around here, a critical factor in guiding day to day behavior and shaping a …show more content…
In an organization, a code of ethics is a set of principles that guide the organization in its programs, policies and decisions for the business. The ethical philosophy an organization uses to conduct business can affect the reputation, productivity and bottom line of the business. The legal status of any organization may affect how one can use different types of finance.it is therefore useful to briefly review the limitation that different legal structure impose on the use of debt or equity finance. Ethical requirement for leadership demand is Ethical leadership. Ethical leadership begins with the way leader perceive and conceptualize the world around them. Ethical leadership organizational ethics and social responsibility are interconnected concepts. They are developing concepts, to be sure, but inseparable. How ethical leaders relate to and come to understand the world around them involves judgment and action. In sum the leader’s role is to guide the human potential of the organization’s stakeholder to achieve organizational aspiration in ways that liberate rather constrain their imaginations and