Ethics and Leadership Glossary

A collection of vocabulary flashcards summarizing key terms related to ethics and leadership.

personal ethics

Forms the basis for business ethics by guiding daily decisions through values, work ethic, and handling challenges.

organizational ethics

Principles, values, and standards that guide the behavior, decision-making, and actions of an organization as a whole.

code of conduct

A set of guidelines and standards outlining expected behavior and responsibilities of individuals within an organization.

stakeholders

Individuals, groups, or organizations that have an interest or concern in a particular project, decision, or outcome.

business laws

A set of rules and regulations that govern the rights, relations, and conduct of individuals and businesses engaged in commerce.

conflict of interest

When an individual's personal interests interfere with their professional responsibilities or decisions.

corporate social responsibility (CSR)

A business approach where companies integrate social, environmental, and ethical considerations into their operations.

social entrepreneurship

The use of innovative business methods to address social or environmental issues while generating profit.

World Trade Organization (WTO)

An international organization that regulates global trade between nations and promotes fair competition.

code of ethics

A formal document outlining moral principles and standards of behavior expected from individuals within an organization.

transparency

The practice of openly sharing information and decisions with stakeholders to build trust and support ethical practices.

accountability

Taking responsibility for one's actions and decisions, ensuring alignment with ethical standards.

greenwashing

The deceptive practice of falsely promoting products as environmentally friendly.

whistleblower

An individual who reports unethical or illegal activities within an organization.

manager

An individual responsible for planning, organizing, leading, and controlling an organization's resources.

leader

Someone who inspires, motivates, and guides others toward a common goal.

organizational structure

The way a business is set up, including its legal foundation, roles, authority, and hierarchy.

mechanistic organizational structures

Hierarchical structures characterized by centralization of authority, formalization, and specialization.

organic organizational structures

Structures characterized by flatness, low specialization, and decentralization of decision-making.

person–organization fit

The degree to which a person's values and characteristics match those of the organization.

passive communication

A style where an individual avoids expressing their thoughts, allowing others' opinions to dominate.

assertive communication

A style where an individual expresses their thoughts confidently while considering the rights of others.

leadership

The ability to inspire, guide, and influence others toward achieving a common goal or vision.

locus of control

An individual's belief about the extent of their control over events affecting them.

emotional intelligence (EI)

The ability to recognize and manage one's own emotions and the emotions of others.

Machiavellianism

A personality trait characterized by manipulation and a focus on self-interest at the expense of ethics.

transformational leadership

A style that inspires and motivates followers to exceed expectations through vision and innovation.

transactional leadership

A style based on exchanges where leaders provide rewards or punishments based on followers' performance.

situational theory of leadership

Suggests effective leadership depends on adapting one's style to the specific situation and needs of followers.