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Kotter Theory

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Kotter (????) defined leaders as those who create the necessary systems and organizations and ultimately upgrade or alter them to take the best advantage of new opportunities available, whereas leadership is the process where leaders use their leadership skills and knowledge to influence a group of people, who have diverse talents, abilities and skills, to obtain their understanding, agreement, willingness and concerted coordinated efforts over the shared mission and objectives and ways and means to accomplish them (Gary Yukl 2006, p.8, Peter Northouse 2010, p.3, and Winston 2006, p.7). (http://www.sagepub.com/sites/default/files/upm-binaries/33554_Chapter1.pdf) (http://regentuniversityonline.com/acad/global/publications/ijls/new/vol1iss2/winston_patterson.doc/winston_patterson.pdf) …show more content…

However, moving to the stakeholder theory, which extends the leaders’ concentration from shareholders’ interest to all of the organization’s stakeholders (http://academic.udayton.edu/lawrenceulrich/Stakeholder%20Theory.pdf), utilitarianism heavily emphasises on cost-benefit analysis with the aim of maximizing good consequences over the bad ones for the possible utmost sum of people (http://www.equip.org/article/ethics-theories-utilitarianism-vs-deontological-ethics/). Deontology approach, on the other hand, does not concentrate on consequences, but the individual’s rights by looking from two perspectives: the decision made is based on logical priority of rules to be obeyed or followed (rule deontology) and of particular judgments (act deontology). In business world, the involvement of code of conduct or code of ethics is deontological, which requires people to comply with rules, regulations and other general principles, and utilitarian as the codes emphasis on benefiting other stakeholders as well …show more content…

Another approach in ethics is virtue ethics, which refer to not only ethical actions and behaviours, but also embody the ethical character as which characteristics help people become ‘virtuous’, in which “an action is right if, and only if, it is what a virtuous agent would do in the circumstances, a virtuous agent is one who exercises the virtues, and a virtue is a character trait that human beings need to flourish”. (Hursthouse and

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