Final answer:
Managers must balance business interests with ethical standards, often involving a code of ethics for guidance. Ethical leadership emphasizes integrity, legality, and transparency, ensuring business practices consider social, economic, and environmental impacts.
Step-by-step explanation:
As a manager and leader, navigating between what is best for the business and what is ethical can often present challenging dilemmas. It is essential to strike a balance between the profitability and sustainability of the business while adhering to ethical standards and practices. This may include having a robust set of guidelines or a code of ethics that addresses various scenarios and establishes a framework for decision-making.
In situations such as the moral dilemma of a parent committing theft, it is crucial to weigh the ethical implications alongside legal responsibilities. A manager should foster a culture where truth and integrity are paramount. This approach ensures that personal relationships do not overshadow the moral and legal obligations one has toward the community and the law.
Concerning career decisions and emerging technologies, a reflection upon the ethical dimensions of one's actions should be a regular practice. Awareness and responsibility for social, economic, and environmental impacts are part of ethical leadership in business and technology. A manager should strive to be transparent, responsible, and maintain clear communication, ensuring they operate not only for profit but also with conscience and regard to ethical implications.