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Role ethics in corporate governance
Ethical issues in corporate governance
Leadership theoretical framework
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The problem to be investigated is the relationship between leadership, trustworthiness, and ethical stewardship; how these virtuous qualities can impact leaders, individuals, and companies. This paper will attempt to provide an academic opinion related to the problem investigated. The evidence of correlation between these qualities will be generated from my own personal experience and perspective as well as the viewpoints of multiple business experts.
Leadership
To guide, direct and manage people with an inspired purpose and vision is a workable definition of business leadership. In the book, An Integrative Theory of Leadership, Chemers defines leadership as enlisting the aid and support of others to accomplish a task. He enhances this definition by providing a model of leadership that involves three critical leadership tasks: (1) relationship development, (2) resource utilization, and (3) image management. This model includes internal integration, external adaptation and task-related / relationship-related theories. (Chemers, 1997)
Recently while working on an IT project the assistant who was working with me began to speak vulgarities about the project. Quietly I pulled her aside and told her that this was not appropriate language within a workplace. This was the first time we had worked together and creating a positive relationship between us was important to me but not as important as the relationship between me and the company that hired me. Developing ethical relationships coupled with the ability to manage resources are essential aspects of leadership. Chemers was correct to include image management as a critical leadership task. Now, more than ever, image management has increased applicability due to issues with devel...
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...and Ethical Stewardship. Journal of Business Ethics, 96, 497-512. doi:10.1007.s10551-010-489-y
Caldwell, C., & Karri, R. J. (2005). Organizational governance and ethical systems: A conventional approach to building trust. Journal of Business Ethics, 58(1), 249-259. Retrieved from
Chemers, M. M. (1997). An Integrative Theory of Leadership (1st edition.).
Emerson, R. W. (n.d.). Trustworthiness Quote. Retrieved from: http://josephsoninstitute.org/quotes/quotations.php?q=Trustworthiness
Hosmer, L. T. (2007). The Ethics of Management (7 ed.).
Jennings, M. M. (2012). Business Ethics, Case Studies and Selected Readings (Seventh edition.).
Johnson, K. (2003). The Role of Leadership in Organizational Integrity and Five Modes of Ethical Leadership. Retrieved from: http://www.ethics.org/resource/role-leadership-organizational-integrity-and-five-modes-ethical-leadership
Leaders who treat their employees with fairness, honesty, and provide frequent, accurate information are seen as more effective. According to Robbins and Judge (2014), “trust is a primary attribute associated with leadership and followers who trust a leader are confident their rights and interest will not be abused” (p.193). The old General Motor Corporation had eleven different CEO’s from 1923 until 2009 each with their own unique leadership style, which directed employees toward the organization goals. Unfortunately, many of the top level managers under the CEO’s had the tendency of filtering out information that did not match up with their pre-conceived notions about a particular issue and they lacked upward communication. One consumer goal of General Motors was to build trust in the company so people would be repeat customers, but building trust between employees and establishing an ethical culture was not a top priority of the organization. Goal directed leadership alone is important, but differs from a structure of leadership based on ethics. It is important to note, that effective leadership may not be the same as leadership founded on ethical principles. Business competence must exist, along with personal leadership accountability in ethical decisions. Within the General Motors organization, ethics and leadership did not interconnect; there were misalignment between the
Leadership is defined as the action of guiding an individual or group of people. Effective leaders shape the behavior and thought process of the individuals around them. As a result, the success of an organization is often impacted by the leadership style and approach of its leaders. Even when engaging with multiple people, impactful leaders maintain their own style of leadership but occasionally change their approach based on the motivational needs of each individual. However, regardless of the style, leadership within an organization is designed to drive the performance of their employees and it is done through proficient communication. This guidance influences the culture of an organization, which subsequently, helps to shape its leaders.
Integrity is one of the leading causes of failure for many great leaders globally, loss of integrity in a leader can be toxic leading to the compromise of an entire organization. With respect to being honest, successful individuals are always truthful and treat others in a fair manner. They also ensure that there is honesty and transparency in their activities and undertakings, since it is one of the most valuable building pillars of integrity. With regards to opportunities that are available, successful individuals do not act in favor of certain individuals at the expense of other people. Everyone is treated as an equal in the presence of an opportunity. Integrity is a key ingredient that is mainly and often overlooked as a determinant of the success of an
In business, leadership is defined as developing of a clear goal, involving others by establishing trusting relationships to share the goal, giving the information and tools to accomplish that goal, and leading and managing the differences between the members of the organization (MaRS, 2012). Harvard Business School professor and leadership author John Kotter said that leaders construct a bright future by associating people with the vision, and motivating them to succeed in spite of the difficulties. Efficacious organizational leadership can avail prioritize objectives for assistants and can offer supervision toward reaching the corporate goal.
Leadership directly impacts an organization's bottom line, employee satisfaction, and turnover; it can impact how the organization is viewed by society and in particular its marketing audience. This is particularly significant during a downturn in economic markets. Organizations must meet budgetary controls, and need to communicate...
Leaders: Strategies for Taking Charge is an organizational management book written by Warren Bennis and Burt Nanus for those who aim to become better leaders. The authors emphasize that having executive positions or being a manager does not automatically make one a leader. A leader is one who inspires his staff, help them find purpose in their work, and effectively implement their plans. They separate the book not quite into chapters on different topics, but rather by four strategies that they have determined are vital for any leader to take on. The strategies are effectively concluded as attention through vision, meaning through communication, trust through positioning, and the deployment of self. A prominent feature of Leaders is the various
Palmer, D. 2009. Business leadership: three levels of ethical analysis, Journal of Business Ethics. 88(3): 525-536.
Currently, leadership is generally understood as a person with insight and wisdom of guidance, which expected to be efficient in management responsibilities like planning organizing, and monitoring performance (Kandola, 2004, p. 144). In addition, making ethical decision is important to individuals who value and take seriously institutional...
As a result of this course, I have a better understanding of what it means to lead others. In this essay I will overview topics including leadership competencies, ethical environments, and organizational communication, to demonstrate the knowledge I have compounded. These topics will be discussed in the context of my previous job with Walmart in order to apply concepts to real world experiences. During the relatively short time I worked for Walmart, I experienced my instances of poor leadership. This essay will examine these experiences and offer potential solutions to leadership inadequacies.
The leadership is a privilege and it is such a privilege and an honor which will carry the tremendous responsibility which will inspire others to direct them to accomplish goals and vision of the organization. Leadership is about influencing the people, by producing direction, purpose and motivating in order to accomplish the mission, vision and improving the organization. The leadership philosophy is evolved based on the experiences, both positive and negative, in most of the initiatives and activities that we undertake. It is also one among the collaboration and teamwork within which the team members can utilize each other’s strengths to counter the weaknesses of the individuals. By observing, introspecting and experimenting we can developed a leadership paradigm which is inclusive, collaborative and proactive. We can develop the ability to recognize which will approach in order to reach the productive conclusion. The great leaders know their limitations and are capable at utilize their strengths and also the strengths of others to compensate.
”Leadership involves the exhibition of style or behavior by managers or supervisors while dealing with subordinates; leadership is a critical determinant of the employees ' actions toward the achievement of the organizational goals” (Saeed, Almas, Anis-ul-Haq, & Niazi, 2014). Leadership is a strength that initiates, inspires, and guides the cooperation and attitudes of others on the way to set vision. Leadership is influential and involves several styles of approaches that involve trust, accomplishment and focus to reach a projected result. Using and implementing the ideas of others motivates new thinking and gains the confidence to build the trust and encourage everyone to work to the same goals (Northouse,
Leadership is the ability to inspire confidence, support and trust among the people who need to achieve organizational goals. (Chan & Maubourgne 1992) It invariably requires using power to influence the thoughts and actions of other people in order to create new approaches and imagine new areas to explore. This definition has emphasized on influencing people to achieve set goals. In other words, we can say, the objective of leadership is achieving goals, meanwhile, the application is influencing other people to motivate the energy and stimulate the potential towards the goals.
Ethical leadership organizational ethics and socially responsibility are inseparable (Johnson). Leadership is not a inherited gift or family heritage; it is not a degree from an ivy league graduate school. Becoming a leader is an intentional process of growth that must be lived out experientially (Mullane). Ethical leaders demonstrate three distinctive characteristics, knowledge, action and character. Leaders have to have the ability to say “yes” or even “no” to a never ending series of challenges. A leader needs to be able to define their values, character and leadership style. When accepting the role of leadership you become encumbered by ethical issues and concerns. .
Every good leader has successful skills to accomplish a common goal within an organization. Although the term leader is often intertwined with the manager; a leader’s characteristics are rarely the same in responsibilities. Leaders are developed by the type of organizational cultured that they are derived in. Thus, bringing the skills to designed changes rather than only promote changes as often may be seen in managers. Leadership is then the support of employees by offering a clear concise understanding of an organization needs and therefore brings balance to the task and the relationship of the employees. So what is the purpose of the leadership? To serve others while transforming the company’s mission into actually obtainable goals while all the while overcoming situational
Leadership, without doubt, is a significantly important function of management. It helps to aggrandize efficiency and to fulfil an organization’s goals. Leadership is the ability of a manager to induce the subordinates to work with confidence, determination, courage and zeal. It is also defined as ability to influence a group towards the realization of a goal. Leaders should have the capability of developing future visions, and to drive the organizational members to want to attain the visions. This paper states my points in which I duly believe, justifies the importance of an outstanding leader in any organization.