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Impact of leadership in an organization
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Warren Bennis indicated that the total dollar cost to investors and pensioners of Enron exceeded $80 billion. This outlandish cost, for the most part, was due to the company 's lavishly compensated poor leaders. Has this incident?along with other notable ones such as Tyco, WorldCom, etc.?finally changed corporate leadership? Alternatively, is this simply a "temporary scare" to those in charge, and soon corporate leaders will revert to their previous actions and behavior? Please answer this question using analysis from at least two scholarly references as well as a discussion of your personal and/or professional behaviors.
Corporate leadership has changed, thanks to organizations such as Enron. Leaders and organizations must be social responsible, in order to succeed in the 21st century business environment. According to Peloza and Shang (2011), corporate social responsibility (CSR) activities create stronger relationships between firms and stakeholders. C.S.R. can improve the image of an organization and its leader. Leaders understand
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Werner (2009) points out, corporate social responsibility (CSR) initiatives--may be able to positively affect social status, earning potential, access to services, and resources for socially excluded populations. Leaders that are social responsible can influence the organization and the environment around it in a positive way. Organizations such as Enron was proven and perceived as unethical and a negative factor on the economy. The perception of an organization that has a leader, who is corporate social responsible, can help improve a poor economy. Werner points out; CSR is meant to address a problem by addressing any negative value-chain impacts while supporting the business strategy and the needs of the community. CSR can be a strategic tool that is effective in creating a positive image for the
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Corporate Social Responsibility is the obligation from corporations to utilize their resources to aid and benefit the larger society. The four components of CSR are economic, legal, ethical, and philanthropic. Social Responsibility is a fundamental force in the wealth creation process. If correctly demonstrated, CSR should heighten competitiveness and boost the value of wealth creation to society. A company's CSR Initiatives directly represent who the company is and what it believes it. The m...
Corporate Social Responsibility (CSR) is a movement that aims to promote a greater awareness of how business activities and decisions influence corporate environment, stakeholders, and society in general. Adam Lindgreen and Valerie Swaen’s article “Corporate Social Responsibility” addresses this broad topic in a more narrow direction of CSR implementation as it discusses the most important stages of this process. While this article relies only on the previous research, it provides unique insights into CSR and even challenges the common views of this concept as the authors thoroughly analyze their secondary sources.
Effectiveness of organizations depends on various factors. Nonetheless, it is firmly believed, by most practitioners and behavioural scientists, that leadership is a phenomenon which is crucial in achieving this goal (Yukl, 2013). As leadership is contextually bound, it cannot be completely understood from a single perspective. There are other elements that must be considered in order to do so, such as: the leader, the follower, the context and the interactions among them (Rumsey, 2013). The topic is even more fascinating in regards to the fact that most individuals are in some way a leader, a follower, or both. Despite the fact that most of these relationships go without particular notice, others have tremendous influence on the today’s world.
“Leadership will be the most important resource an organization can possess. After all, it will be leadership that determines whether organizations successfully harness the emerging opportunities and overcome the perils that await.” Jay A.Conger – Professor, London Business School.
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
Northouse (2016) offers a Skills Inventory Questionnaire to assess which skills and traits leaders exhibit strengths and weaknesses in. This questionnaire determined I have the most strength in technical skills with a score of 28. This did not come as a surprise to me as I have implemented many technological advances since beginning at my agency 6 years ago and am consistently called upon to solve technological crises. Northouse mentions that leaders with high technological skills are seen as more credible and can offer innovative solutions to problems which I have experienced in my career (2016). In human skills, I scored a 26 which indicates that I am a “people person” (Northouse, 2016). I have always tried to maintain great relationships with my coworkers and colleagues. Although I agree that human skills are
Leadership transforms potential into reality. Leadership acts as the catalyst that makes all other elements work together; without leadership, all other business resources lie dormant. Savvy business leaders are in tune with the needs and issues of their subordinates, and keep up to date on new developments in leadership theory and methodology to maximize their effectiveness.
We live in an era of communication challenges. It is an age of increasingly scarce management and education to the markets of tomorrow. To solve this problem, to improve and restore the competitive edge of business, I recommend teaching leadership as well as organization. We need to move beyond the simplistic and boring, everyday organizational skills commonly taught in core courses in business schools. Important as these skills are, we need to redirect our foci towards the essential ingredient required to put these skills to work – leadership. As Warren Bennis and Burt Nanus have expressed it, “The problem with many organizations…is that they tend to be over managed and under led. There is a profound difference between management and leadership, and both are important.” “To manage” means “to bring about, to accomplish, to have charge or responsibility for, to conduct.” “Leading” is “influencing, guiding in direction, course, action, opinion.” Other characteristics include: motivating and inspiring individuals, providing direction and vision, earning the respect of others, turning talent and efforts into results, and being an excellent communicator and listener.
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
McWilliams and Siegel (2001) define CSR as, “actions that appear to further some social good, beyond the interests of the firm and that which is required by law.” (p. 117) Corporate social responsibility is considered both strategic, in that it yields a firm benefits, and non-strategic, in that it encompasses an observed behavior (Burke and Logsdon 1996). There is also a perception that CSR encompasses a zero-sum trade-off with the economic interests of the business. It is somewhat accepted that accepting CSR strategies will be a more long-term payoff, while entailing short-term costs, leading modern businesses to abandon it in order to appease the interests of shareholders.
...t in becoming more socially responsible corporations. For example, Pos Malaysia through their CSR practices, this corporation had focuses on a dual-pronged approach that is aimed at bringing value to the community and nation at large by the means of enhancing education particularly towards the enhancement of human capital development mainly in underprivileged areas and also Enriching Communities in which Pos Malaysia seeks to promote commerce and entrepreneurship within the communities they serve particularly in rural areas. The above CSR themes are aligned with Pos Malaysia mission to constantly strive to be a caring corporate citizen by supporting nation building and community services. This CSR will focused on the meeting the need and interest stakeholder of an organization by becoming more socially responsible and as well as to improve their image and reputation
Chan, K. W. & Maubourgne, R. A. 1992, Parables of leadership, Harvard Business Review, July-August.
A society with the absence of leadership will lead to chaos. Recently, the Palestinian leader Yasser Arafat died and this has caused his followers to be in disarray. Currently in Palestine the followers are trying to ameliorate life and figure who will replace Arafat. For when there is an absence of leadership it causes followers to panic. The panic of the people leads to the confusion of their everyday life. Leadership implies that a person must posses certain qualities. There are many traits that must be shown to be a good leader. If a leader is noncommittal and callow then a society will fail. However when trying to restore order in a society one person may try to accomplish it by themselves but this rarely works. When working alone or in a small group, three things can happen and lead to more disarray. These things are isolation, too much authority, and control.
Leadership is one of the most important facets in organizations. In most cases, leaders act with respect to organizational culture as well as the codes of conduct that determine the manner in which leaders relate with subordinates. Leadership entails the use of effective communication skills to get activities done in the workplace and to ensure that employees shelve their individual interests for the sake of their organizations’ shared targets. It is the role of leaders to ensure that consumers attain high quality products and services by making certain that members of their firms’ workforce are fully motivated to work effectively and utilize resources in an efficient manner (Bass, 22). With the increasingly sophisticated nature of the corporate world, leadership should not be based solely on the desire to control and coordinate affairs within the workplace, but leaders should also exhibit positive examples and continually monitor the changing trends in corporate governance to initiate the most relevant guidelines. Competitiveness can only be attained when leaders are in a position to set the right standards in their firms and coordinate affairs appropriately by understanding consumer and employee needs.