Three Pillars and Future Impacts in Business Practice
In Topic 3, you identified three sources to support a discussion of the integration of servant leadership, ethics, and entrepreneurism as they relate to the industry with which you are familiar.
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Write a 750-1,000-word essay describing your vision for your career once you have completed your master's degree. In this paper, address the following:
How will each of the three pillars—servant leadership, ethics, and entrepreneurism— be integrated and impact your business practice in the future?
How will the three pillars enable you to contribute to the greater social good in your industry and within the community? Support your response with at least one peer-reviewed journal.
This assignment requires a minimum of four peer-reviewed journal articles published within the past 5 years, which may include the three articles from the Topic 3 Annotated Bibliography assignment.
Three Pillars and Future Impact
Student Name
Colangelo College of Business, Grand Canyon University
UNV-504: Introduction to Graduate Studies in the College of Business
Professor Name
Assignment Due Date
Three Pillars and Future Impact
Integrating ethics, entrepreneurism, and servant leadership plays a major role in modeling business careers upon completing a master's degree. Such pillars are integral in guiding business practices and facilitating contributions to the greater social good within specific industries and communities. In this context, it would be possible to concurrently leverage practices that augment business and community sustainability. This paper critically discusses the concepts of ethics, entrepreneurism, and servant leadership, as well as their impact on the greater social good of future business practices. I envision a corporate landscape where business practices would be anchored on the three pillars, which can positively influence people, organizations, and society.
Entrepreneurism in Future Business Practices
Entrepreneurism is a significant pillar that will help model my future business practices in the business sector. This pillar will help point out opportunities for positive change, innovation, and growth. Through leveraging creativity, knowledge, and skills, it will be possible to design and develop new business models, products, and services that address pertinent societal needs. Entrepreneurism stretches beyond making profits; rather, it aims to find ways of creating value for consumers and stakeholders. It is vital to remain ahead of industry trends, participate in ongoing learning, and conduct market research to enhance entrepreneurism integration into future business practices. Also, staying adaptable and proactive facilitates identifying emerging opportunities; thus, it is possible to leverage them to ensure sustainable ventures (Ng et al., 2022). I can enhance economic growth, technological advancements, and job creation by incorporating calculated risks and seizing opportunities, thus contributing to the betterment of the entire society. Entrepreneurship actions can cause lasting change within social, institutional, and economic realms that stretch beyond incorporating greater growth organizations based on technology and profit optimization (Ng et al., 2022).
Ethics in Future Business Practices
Ethics play an integral part in guiding future business practices in any industry. Ethical considerations have significantly become fundamental, especially in this rapidly changing and interconnected globe. In my future business practices, carrying out business with transparency, integrity, and social responsibility will be critical. Maintaining greater ethical standards enhances trust among business stakeholders, including employees, consumers, and the entire community. It is vital to focus on responsible decision-making and consider the possible environmental and social effects of any actions taken to incorporate ethics into my future business practices. Also, it is essential to observe legal and regulatory standards while striving to ensure ethical behavior in business beyond compliance. Through developing and incorporating fair labor practices, enhancing environmental sustainability, and fostering diversity and inclusion, it is possible to contribute and ensure a more sustainable and equitable business future. Governance and data ethics are key aspects, guaranteeing respect for people's privacy and autonomy in the wake of technology. Breach of privacy and independence are challenges and ethical implications that different organizations encounter while utilizing emerging technologies. Therefore, organizations must incorporate the greatest ethical considerations and take a pr...