Three Pillars and Future Impacts in Business Practice

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 sust...