ROLE OF LEADERSHIP STYLES AND ITS IMPACT ON BUSINESS ETHICS

Abstract

The study's goal is to focus on the fact that a leader's leadership style can be influenced by their personality, experiences, emotional intelligence, family situation, and thought processes. It is essential for leaders to be aware of their individual combination of traits and characteristics, as well as how they affect their leadership style and effectiveness. To get the best results, leaders need to be able to adapt their style to different situations and circumstances. They ought to be able to determine the type of leadership that works best in a given circumstance, when to collaborate with others and get their input, and when to take command and make decisions. A culture of accountability and responsibility can be established by leaders who inspire their team to do the same by taking ownership, control, and accountability for their leadership style and decisions. Leaders can develop their skills, learn from their mistakes, and continuously improve their effectiveness as leaders by comprehending their leadership style. There is no one-size-fits-all approach to leadership, and various circumstances may necessitate different leadership styles. A pioneer who knows about their initiative style can adjust their way to deal with fit the necessities of the association or group they are driving. Autocratic, democratic, transformational, situational, and servant leadership are among the various leadership styles. Every one of these styles enjoys its benefits and drawbacks, and a pioneer ought to pick the style that best accommodates their hierarchical culture, group elements, and goals. There is no one-size-fits-all approach to leadership, and a leader needs to be aware of the various leadership styles and the benefits and drawbacks associated with each one. A leader can increase their effectiveness and achieve their goals by adapting their leadership style to the needs of their team and organization. Compliance with laws and regulations is only one aspect of business ethics; doing what is morally and socially responsible is another. Promoting and maintaining a culture of ethical behaviour within their organizations is a critical responsibility of ethical leaders. Employees, customers, suppliers, and the community as a whole all benefit when leaders in business place an emphasis on ethical behaviour. This goes beyond just their own businesses. Employees want to work for businesses that share their personal values, so companies attract and keep top talent. Additionally, ethical consumption is rising as consumers become more aware of the social and environmental effects of the iv businesses they choose to support. As a result, win the trust and loyalty of their customers, which can result in long-term success and profitability. In conclusion, businesses in today's world require ethical leadership for success and sustainability. Business leaders can have a positive impact on their stakeholders, attract and retain top talent, and win the trust and loyalty of their customers by prioritizing ethical behaviour. An overview has been the focus of the review. Out of 250 objective respondents, 182 provided responses. As a result, there were 182 pieces of data from the company's employees in the sample. The results of the review made it easier to comprehend how the organization's business morale is affected by various leadership styles. The study's benefit is that it will give the examiner data and measurements on how each style affects the business role from the point of view of the entire organization, as well as specific suggestions for increasing the impact.