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These leaders adhere to norms and strictly comply with company standards and policies. While this is clearly a positive thing and something that will drive ethical behaviour, it does raise questions over whether such increased scrutiny can make businesses more conservative, and constrain legitimate creativity out of fears of generating a backlash.Įthical leaders are leaders that demonstrate standard-setting conduct through their actions and relationships. Socials media provides a platform for consumers and advocacy groups to campaign against companies that fall short of community standards, but does a greater emphasis on meeting standards and regulations threaten business creativity? Picture: Getty Images Today any one of a business’ customers or stakeholders is in a position to blow the whistle and be heard. The cost of moral or ethical failure is much higher than it perhaps was when there was only a few regulatory watchdogs overseeing behaviour.
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Social media platforms provide a strong voice for consumers and advocacy groups that previously struggled to be heard.Īs a result, businesses and chief executives are increasingly being called out and made accountable for when their actions don’t meet community standards. The ubiquity of social media means that in today’s business environment, an organisations’ actions are highly visible to the public.