Role of Ethical Leaders in Sustainable Business: An Aristotelian Virtue Ethics Perspective

Abstract

Sustainable development is one of the major concerns of present time mainly because of the rapid proliferation of business organizations. In order to develop economically, business organizations excessively use and misuse natural resources that directly causes harm to environment and society. Besides, there are some other causes also responsible for the environmental deterioration these include population explosion, enormous industrialization and lots of anthropogenic activities. The present paper tries to bring in the cognizant how business organization unknowingly leads to environmental problems and juxtaposes economic development and environmental issues. On saying this, it precisely indicates that both economic growth and sustainable environment are equally required for our society but not at the cost of one another. At this point, it is argued that only by contemplating and by engaging ethical leaders the business organisations could be able to maintain the balance between plant, people and profit. In continuation with this, the present research would engage two significant questions: firstly, what does sustainable development mean and why it is predominantly needed for the present society? Secondly, what are the expected roles of ethical leaders in maintaining the sustainable development in an organisation?