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[Virtual Presenter] Good morning everyone. Today, we are here to discuss the ethical leadership traits necessary to lead a business in the Fourth Industrial Revolution and the role of ethical leadership in promoting employee engagement, growth, and collaboration. We will start by examining some key concepts that influence the ethical considerations of the digital economy. So, let's begin..

[Audio] As we discuss the ethics of the digital economy in this presentation, it is essential to comprehend the role of ethical leadership in this rapidly changing climate. This segment inspects the discoveries concerning ethical leadership in the Fourth Industrial Revolution and looks into the duties and characteristics related with it. We will analyze the potential difficulties and openings this new digital age brings, to comprehend how ethical leaders can most adequately explore the multifaceted nature of this continually changing digital economy..

[Audio] The 4th industrial revolution has had a major impact on the business world, and it is essential for leaders to have an understanding of ethical considerations when running a business in this digital, global economy. Developing and implementing certain leadership characteristics can help to ensure that leaders are equipped to guide their businesses into the future. Visionary Thinking, Adaptability, Digital Literacy, Empathy, Innovation Enablers, Cybersecurity Awareness, Global Mindset, Ethical Leadership and Continuous Learning are all essential to understanding the ramifications of decisions in the digital age..

[Audio] Ethical leadership is an essential factor in creating an environment conducive to employee engagement in the modern digital workplace. Honesty and justice are two key values that ethical leaders prioritize in order to motivate, empower, and encourage employees to be committed to their company's objectives. Todani Mulaudzi, Keshav Takoorparsadh, Linda Ganca, and Mtendere Paul have shed light on the importance of ethical leadership in contributing to employee engagement amidst the digital transformation..

[Audio] Discussing two types of tasks that exist in business, growth and maintenance, is essential to know the difference between them. Growth tasks are focused on increasing the value of a business while maintenance tasks are oriented towards keeping the business running. Growth tasks include innovation, market expansion, strategic partnerships, market research and scaling. Maintenance tasks are necessary to keep the business functioning and in compliance with necessary regulations. Knowing how to move forward with our business goals and strategies depend on recognizing the difference between these two types of tasks..

[Audio] Ethical leaders have an important responsibility to create a collaborative environment in the digital economy. They can do this by advocating for greater transparency and responsibility, building trust and fostering a culture of mutual respect. This means making sure that all stakeholders provide information in a timely manner and adhere to the same ethical code, so that all decisions are based on the same facts and evidence. In addition, ethical leaders should help to promote collaboration and team building among different departments or sectors, so that everyone's ideas are heard and valued. Finally, they should ensure that fairness and justice prevail in all decisions, making sure that everyone is treated fairly and that all rules are adhered to. By acting in this way, ethical leaders can make the digital economy a secure and rewarding space in which everyone can benefit..

[Audio] This section will explore ethical leadership in the Fourth Industrial Revolution. Ethical leadership is an essential part of the growth of technology in the digital economy. Challenges and opportunities for ethical leadership in the changing digital world will be explored. Details about how ethical leadership can foster engagement, growth, and collaboration in the new industrial realm will be discussed..

[Audio] In conclusion, the digital economy presents numerous risks but also offers great potential for growth and development. Senior Executives must consider ethical considerations when making decisions, as this can help their organisations thrive whilst contributing to the wider global society..

Thank You.