In selecting the articles to be summarized, emphasis was placed on articles that discussed universal methods utilized by businesses, along with recommendations for promoting successful leadership. Developing Leaders From front-line employees to mid-level managers, expectations of employees in today’s organizations have become more demanding. “Today, employees are given leadership titles and expected to figure out how to handle their new roles, but aren’t effectively trained” (Gale, 2002, p.1). Companies benefit when they have leaders positioned throughout the organization. This positioning distributes knowledgeable and skilled employees to benefit all aspects of the organization.
Utilizing the power of teamwork Team leaders across the world are focusing on basic elements such as instilling trust within their employee teams so that each employee can work with each other and share work effectively; It not only builds effective employee relationships but also helps in reducing conflicts. Finally effective leaders know the importance of increasing collaborative efforts within employees by frequent interaction and valuing their opinions helps in Emphasizing upon core values and leadership skills, while hiring people in organizations. World’s leading high engagement organizations hire for leadership potential as expressed in individual values that align with core organizational values. Finding employees who will fit into the company’s culture is more important than hiring based on work role competency.
This can place certain businesses at the forefront in customers mind because of the example they are setting in the marketplace. A company going above and beyond the call of duty to work towards a more philanthropic approach in the surrounding community is a perfect example for corporate social responsibility. Going deeper into the definition, corporate social responsibility acts like a “double bottom line” for a company, as they strive to achieve financial goals, but also achieve their social mission out in the community. Once a company is aware of what the concept of corporate social responsibility is, they can now implement it and start to reap the many benefits of its
The information exchange between individuals, teams, customers, suppliers, stakeholders and stockholders are depended on the quality of relationships and talent in the workplace. Therefore, workplace diversity is viewed as a success factor in the business growth. The author emphasizes corporate strategies around diversity includes adaptability, flexibility, retaining best talent, reducing costs associated with turnover, return on investment, policies, practices, gaining new market share with an expanded diverse customer base, and increased sales and profits. From the statistics, it was clearly shown that, diversity is one of the key factors that influence performance and effectiveness of the organization. Organizations can achieve competitive advantage in the corporate culture, employee morale, retention and recruitment by using diverse talent.
Although TBL involves taking a number of risks, whether financial, social or environmental, it has its own payoffs: • Corporate reputation: TBL helps to enhance the repute of firms in the eyes of the stakeholders. Effective communication on the triple P front earns loyalty from all stakeholders. • Social license obtainment: Social license to operate implies an informal acceptance of the organizational operations by its stakeholders and the community in which it operates. Transparency in communicating economic, social and environmental performance to stakeholders and community is deemed imperative for obtaining the ‘license to operate’. • Employee- satisfaction: Having an obligation to show social performance in the annual report enables companies to take care of employees’ needs, drawing loyalty from them and entitling companies to become ‘employers of choice’.
Forming a culture that unites and motivates colleagues relies on upon how workers are hired and how a leader manages and makes decisions regarding these employees. If the leader does not do a good job the organization will face chaos and disorganization. In this manner, it is a key to plan a good corporate culture. One of the main goals of corporate culture is to hire the right people. When you are hiring people you should look at factors, such as, productivity, the employee’s ability to get along with others, ability to work hard, ability to be interested about the work and to love it.
Not only does engagement have the potential to significantly affect employee retention, productivity and loyalty, it is also a key link to customer satisfaction, company reputation and overall stakeholder value. Thus, to gain a competitive edge, organizations are turning to HR to set the agenda for employee engagement and commitment. Employee engagement is defined as "the extent to which employees commit to something or someone in their organization, how hard they work and how long they stay as a result of that commitment." Research shows that the connection between an... ... middle of paper ... ...oyees know how they can contribute. Genuinely thank employees for their contributions.
Corporate Social Responsibility (CSR) and Employee Organizational Commitment: A Correlational Analysis INTRODUCTION: Employees’ organizational commitment in an organization is important because it leads to retentiveness, consistent attendance, and job productivity. If an employee is committed to an organization, the retentiveness, consistent attendance and productivity increases. It is important for organization to develop a system that is able to encourage their employees into putting more commitment to assist the organization in achieving the organizational goal. One of the methods is by having a good corporate image. When employees hold their organizations image in high regards, they will be more prepared to promote their company.
Business strategies define the business objectives of the upper level, which seeks the company in its development. The purpose of corporate social responsibility is to make corporate... ... middle of paper ... ...stomers. These kinds of improvements as well as the investments behind them are often referred to as win-win – good for both the environment and profitability of the company. CSR covers all economic, social and environmental aspects of a business’ day to day operations. Everything an organization does in some way interacts with one or more of its stakeholder groups, and companies today need to build like a watertight brand with respect to all stakeholders.
Organizations all around the world are comprised of many essential elements, including management, employees, and operational schemes. As techniques in stronger organizational development are conjured, the issue of teamwork within corporations increases in relevance. Today, managers ranging from small businesses to worldwide industries have realized and integrated teamwork methods into their planning. Essentially, teamwork can be referred to a new way of reorganizing, while mainly concentrating on decentralizing responsibility to the employees in a cooperative decision-based environment. Strongly considered are the benefits that employees, working in a team motivated process, offer to the company in all its aspects, including culture, virtues and goals (www.winstonbrill.com, Innovative Leader).