Stewardship can be described as “a concept that has inspired the activities of several organizations whose mission is to preserve, protect, and maintain natural, social and economic assets for the benefit of stakeholders and communities” (Contrafatto, 2014, para. 1). The stewardship theory describes an environment where leaders feel empowered and trusted without the need of working in a controlled and monitored environment. In this type of setting, the leaders and followers work together collectively and have the best interest of the organization, its owners, and stake holders at heart. Managers are committed to the business and gain satisfaction knowing the business is being properly managed and successful.
The two theorists credited
…show more content…
The premise behind this theory is that given the opportunity most people will help and support one another. Attributes associated with the stewardship theory include leader’s behaviors being aligned with the objectives of the stakeholders or owners of the organization. Another attribute is the autonomy of the managers and leaders without the threat of overarching domination or power.
This model is based on motivating people by appealing to their higher emotions and principles which leads to serving others. Flynn defines a steward as someone who protects and takes charge of the needs of others. This definition directly partners with the description of stewardship theory whereby organizational leaders are stewards or overseers and will act in the best interests of the business shareholders and owners. With this same concept, the stewardship theory supports an environment in which leaders gain confidence, worth, and satisfaction as they feel trusted and empowered to act as responsible stewards.
Another very important element of the Stewardship Theory is the more relaxed views on the roles of the Chairman of the Board and the Chief Executive Officer. The agency theory supports a specific delineation of the roles to make sure there is not a conflict of interest or an abuse of power such as perks and bonuses which is in stark
Corporate governance can address agency problems, they are the rules that dictate the company’s behavior towards it’s directors, managers, employees, shareholders, creditors, competitors and community.
There are four ecological principles than can help explain organizational leadership. They are interdependence, open systems and feedback loops, the cycling of resources, and adaptation. By looking at each principle, one can relate it back to their organization and hopefully be able to integrate the things learned with previous notions in order to make leadership more efficient. While it is an interesting idea to use scientific
Concern for production speaks to how a leader accomplishes organizational goals and objectives while concern for people pays attention to the staff in the company or organization that are chartered to reach goals (Northouse, 2013). The Leadership Grid is established by drawing the horizontal axis representing the leader’s concern for results and the vertical axis representing the leader’s concern for people. A score is assigned for each of these dimensions with a range from 1 (minimum) to 9 (maximum) concern. Plotting the respective scores from each axes provides a look at various leadership styles. There are five styles of leadership identified: Team Management, Middle of the Road Management, Impoverished Management, Authority-Compliance, and Country-Club Management (Northouse, 2013).
A leader must have a high commitment level to the organization, the ability to understand the strengths and weaknesses of the personnel they work with to develop effective teams, and the ability to communicate effectively to avoid misconceptions. A leader must care about and support their members in ways that help both the member and the organization as a whole. As Lt. Col. Matt Joganichs’ uncle stated to him prior to administering the commissioned officer’s oath, “make sure you take care of your people. If you do that, they’ll take care of you.”1 To me, taking care of and supporting your member’s means to ensure people have a positive work environment, they have access to the training the need to perform their jobs, are able to provide input to policies that effect the organization, and that there are procedures in-place to ensure people are being treated fairly. My leadership philosophy was developed to encompass these leadership traits to provide a solid foundation for the organization to succeed. Whenever a leadership philosophy is developed it is always good to perform continual analysis of it for improvements. One of the best ways to improve upon your leadership philosophy is to discuss leadership challenges with those that are more experienced than you in
In this unit the author speaks about time for a management reset, meaning that since there are so many changes occurring in the business world such as in our economy that it is essential that companies start changing their management strategies. Company managers tend to be more effectively reset their management by restructuring their goals, thus prioritizing environmental and social issues. Furthermore, there are two management resets that occurred in the past, one was the Command and Control Organizations (CCOs), which came about because of mass production due to high consumer demand. The other management reset was the High Involvement Organizations (HIOs) in which began when the work became more difficult and higher educational levels were necessary. The author further states that because of the various environment, social, and business changes that CCOs and HIOs are now obsolete in our current business world; and that the two main reasons are due to the rapid pace of globalization and the rising rate of environmental degradation. Furthermore, the author continues by mentioning that in order to have sustainable management there must be flexibility for change while having environmental awareness, supporting all the employees involved, and making a consistent profit. In order for the effectiveness of an organization it would depend on four methods, which are the how the value is created, how work is organized, how people are treated,
The concept of stewardship is an ongoing part of nursing. As defined by Merriam-Webster dictionary, stewardship is “the activity or job of protecting and being responsible for something.” In this case that something corresponds to the nursing field as a whole. The concept of stewardship is not thought of as often as it should be. Sometimes stewardship can be confused with religious meanings or often is simply not a topic that is heavily weighted. However stewardship is indeed an intricate concept that is vital for the overall success of nursing. I believe stewardship in nursing is the ability to improve, enhance, and oversee the prosperity of how nursing as a whole functions. Stewardship entails many areas of concern such as safety, increased autonomy from other health care professions, accreditation, economics, and most importantly the overall needs of the patient. As nursing’s future continues to change, stewardship is vital in developing life-long learning practices and ultimately shaping current and future leaders. In order for standards of practice to support the future, nurse leaders demonstrating stewardship must be able to collaborate to form innovative models of care delivery in order to best serve the patient and work efficiently within the health care system. In this paper I will be discussing what defines stewardship and why it is important in nursing. Next, current issues involving stewardship in
Traditional theories of leadership include the great man, power bases, skills approach, style approach, contingency, and path-goal theories. Those are all very objectively based, not looking at the individual’s experiences, wants, needs, and idiosyncrasies. Then the emerging leadership theories came along, viewing leaders as unique individuals, instead of positions within an organization. These theories are relationship-heavy, focusing on the interactions between the leaders and the followers as something fragile, instead of surface-level. There has been a movement within management and leadership theories over the past century that focuses on the intangibles – trust, loyalty, respect, etc. of leadership. One that is gaining
Correspondingly, Weiss (2015) outlines the two ethical leadership styles - stewardship and servant leadership. Stewardship involves leadership who empower employees to be active in decision making and take ownership of their work. Servant leadership takes it a step forward in that it concerns leadership who work altruistically with followers for the purpose of achieving a shared goal that advances the collective, rather than the individual. In reflecting on my organization, servant leadership is the leadership theory that best applies. For example, in my organization the leader is the Director. The Director empowers the staff to take ownership of their classroom and gives every teacher the autonomy to structure classroom activities backed
Leadership should be takes care to others individual talents and potential leadership. That what is detention of stewardship means “It is the willingness to be accountable for the well-being of the larger organization by operating in service, rather than in control, of those around us. Stated simply, it is accountability without control or compliance” . ( Peter Block, 2013, stewardship) said:”
This theory was coined in the early 1970s by theorist Robert Greenleaf, who argued that leading others was directly related to serving others. Servant leadership unlike other leadership theories is normally concerned with integrating both the ‘purpose of existing’ and the ‘service’ being offered (Greenleaf, 1977). For example in business, the entire management in general can be said to be serving the customer (the customer is the reason for their existence), and have to incorporate how a customer will react to a decision made by the business. This shows that the leadership of such a business is normally focused
To help guarantee the long term survival of the business, good leaders will respond to these changes. Leadership styles are often characterised by the management theory in place. This influences the framework that leaders apply to an organisations environmental change.
Ownership in conjunction with stewardship is a reflection of the character of Jehovah. Comparatively, so is productivity. According to Grudem, he states that," producing goods and services is fundamentally good and provides many opportunities for glorying God" (p. 26). Initially, the Lord gave Adam rule over the earth, and instructed him to increase the resources that were available to him. Furthermore, prior to the famine that spread throughout Egypt and Canaan, Joseph, given authority by Pharaoh, stored up food during the years of abundance, so the nations would have the means during perilous times (Genesis 41:30, KJV). Imagine, what would have happened during the time of scarcity, if the people wasted their possessions during of time
Knowing how to work effectively with leaders is key to ethical followership. Managing your boss is used to describe the process of consciously working with your superior to obtain the best possible results for you, your boss, and the company. They emphasize that it is the responsibility of followers to establish good working relationships with their leaders. Bosses depend on their subordinates. When followers misbehave, they can do serious damage to their leaders and to others in the organization.
The organization must develop an organizational culture to use ethical stewardship to sustain in this completive market. Making good decisions shows your obligation to do what is acceptable.
In the firm Amazon, Jeff Bezos has created a board of directors that control the company and ownership and shareholders elect a board of directors who hire the administrators to run the every day business procedures. The direction that this ownership uses to interact with their management is diferent from each organization. The two prevailing theories of this relationship are Agency theory and Stewardship theory.