WHAT DOES GLOBALLY RESPONSIBLE LEADERSHIP MEAN TO ME
Gone are the days when the primary focus of all business organizations was profit maximization and to be the no 1.Today the principles of triple bottom line i.e people-planet-profit (having replaced the double bottom line) , sustainability, corporate citizenship and corporate social responsibilty have occupied the center stage of all business processes.Apart from the interests of shareholders,it is imperative to take into account the stakeholders too that include workers, clients, suppliers, environment, the community and the future generations.The performance of an any organization is not just gauged by its performance on the bourses but parameters like: 1) Are the activities
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But you just have to go ok, this is a project. We want to reduce the losses from our factory – and benefit the extended community by donating the leftover production.”
(CSR manager)
To achieve this task of carrying the global responsibilty leadership initiatives across the border requires leaders to study and understand the diverse cultures and systems to approach the stakeholders and this highlightes the role of played by integrity in the success of this practise.To achieve this the leaders develop relatonships with the stakeholders which is achieved by power sharing, dialogues and inquiry bridging the differences and boundaries.
5) Performance and accountability
Global responsibilty norms can be set up at individual ,group and organizational levels. a) The firms employ initiatives like employee performance plans,feedback sessions,certifications,rewards etc which not only ensures that the employees practise these policies but also helps to achieve continuous improvement. b) At organizational level, audits and regular reporting helps to ensure accountability.
6) Ethical role models
As one CEO revealed during an interview:
“We really tried to get our principles right before we tried to communicate them and already put them
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Get AccessBecause corporations are established to profit and shareholders invest money with expectations of a greater return, managers cannot be given a directive to be “socially responsible” without providing specific criteria of checks and balances to which needs to adhere. Therefore, it is imperative to the success of a corporation for managers to not act solely but rather to act within the policies of the shareholders.
With employees placed at the top of stakeholder groups, it’s apparent that the hypothesis for high profitability is a direct influence from positive corporate social responsibility. The boards of directors have to take the initiative to showcase positive corporate social responsibility in order to generate these results.
Regular reinforcement of core organizational culture and values is essential in maintaining a high level of ethics within a corporation and encouraging “desirable behaviors” (Mitchell, 2016) 4.2).
For this outcome, the group has chosen three possible options for alternatives (1) Public Benefit Corporation (PBC), (2) B Corp Certification or (3) remain as a private corporation. As the above-mentioned list, the team examined their values alongside the connections of sustainability. The group analyzed them with three criteria in mind. First, social perspective; then environmental perspective; lastly the economic perspective.
Leadership can have several interpretations due to the fact that it so common in everyday life. Leadership is something that the average person experiences on a daily basis. As Laozi once said, “A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves.” Leadership to me, is always doing the right thing for people even if the people cannot identify what is right; leadership should make others feel as if they have accomplished something. As a leader, I strive to help not myself, but everyone. Leaders should always think of the people that are following them above all else.
Inclusive leadership is the practice of leadership that carefully includes the contributions of all stakeholders in the community or organization. The way a leadership mind is structured depend on how he structures his organization. An individual mindset might over shadow their ability to effectively overturn certain decision or behaviors. A leader’s values and characteristics strengthen the organization cultural diversity. Modern leaders use different styles and skills to shape human intuition. Their instinct reflect their ability to understand other’s cognitive ability. As a consultant in a global multicultural company, it will be very challenging to effectively lead an organization without implementing a strategic plan that promote respect, trust, loyal, and integrity. Prewitt, Weil, & McClure (2011) note, “Leadership involves creating a vision of the organizational future, devising a strategy for achieving that vision, and communicating that vision to all members of the organization” (p. 13). Depending on the structure of the organization, the leader’s mindset can and will change to adopt to the cultural diversity of the organization. Leadership, unlike management, is not dependent on position, title or privilege; instead it is an observable, understandable, and learnable set of skills that can be mastered by anyone that is willing to take the time and put forth the effort to learn them (Yukl, 1998). While implementing different strategies to improve the organizational
Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue
The King III report was implemented as a way of addressing the components of King I and King II with emphasis on on factors such as sustainability,risk management,information technology,internal auditing,remuneration,dispute resolution and business rescue. It is briefed out that the need for this code was to examine the positive and negative influence of companies in a community it operates and to also examine on positive aspects in order to reach for opportunities and eliminate negative aspects to ensure sustainability and maintenance. Leadership,sustainability and good corporate citizenship. It is believed that effective and ethical leadership is what builds sound corporate governance. It is suggested that leaders need need to set direction to achieve the triple bottom line and emphasized that morality and economic focus are vital and that a company should operate in a sustainable manner.( NCS Bussiness studies grade 12)
Over 60 countries around the world, more than half of online shoppers are willing to afford products and services in higher prices from environmentally friendly companies (Nielsen, 2014). The sustainability concept as triple bottom line, also known as corporate social responsibility, applies to those organisations concerning about the interests of society by measuring the social, environmental and financial performance. According to Slaper & Hall (2011), people do not have exactly official and standard methods for measuring triple bottom line. Because the methods for measuring triple bottom line is uncertain, each business has different ways to measure TBL during a period time. Cathay Pacific, the international airline company, is one of businesses that use the sustainability concept to measure their development. Over the past few decades, Cathay Pacific's sustainable development shows the improvement on corporate social responsibility. In this essay, it will be discussed on the issue of sustainable development in Cathay Pacific by focusing on the triple bottom line: people, planet and profits.
Moving on, the author will define a stakeholder and list their types. Furthermore, the responsibilities of an organisation towards its stakeholders will be highlighted in a table. In addition, the importance of performing CSR will be analysed along with the advantages and examples of CSR practices at Elephant House. Finally, the author will provide the challenges in practicing CSR.
As Millennials continue to grow and dominate the workplace, leaders must identify the factors that will create the next generation of global leaders and how to effectively tap into the vast reservoirs of technological knowledge Millennials bring to the table. This speech will outline the relationship of cause and effect as it relates Millennials, the next generation of global leaders.
The notion of the triple bottom line has become fashionable to be applied to management, consultation and investment over the last few years. The trend towards greater transparency and accountability in public reporting is reflected in revealing a more comprehensive performance which includes not only financial factor but also social and environmental ones. Despite the trend, there are still some people in mainstream sectors are to make profit regardless of environmental and social cost, because they think there is no demand. This report seeks to define the triple bottom line and to explain the reason why the triple bottom line is playing a more and more important role in business with different examples.
Deliberating with the rules given in the inquiries, the entire task worries about the Corporate Social Responsibilities (CSR) and maintainability. As it is specified in the inquiries we 'll be discussing the CSR and maintainability. The goals of each business while building up are to make the financial conditions more grounded and to last nature for future era. Performing amid its normal exercises, it is having negative effect in nature. In the event that these sorts of exercises are not lessened then it will keep on effecting the earth. CSR worries about the obligations of the corporates towards the general public. Manageability is indispensable to how the corporate work together, and they keep on taking a stab at creative
In addition, Clarkson (1995) argues that some of corporate responsibilities to stakeholders are also related to social concern from society’s perspective. Furthermore, Brammer et al. (2006) state CSP has become principal component of business organization performance since a firm undertaking intense pressure from stakeholders, such as customers, employees, and socially responsible investors, to show their commitment and contribution to society in social and environmental issue. Hence, we may argue that CSP is a performance measurement which reflects firm’s response toward stakeholder demands and social issues that relates to long term performance.
E. Continued focus on improving efficiency and effectiveness in the organisation, from procurement, to supply chain to customer service delivery.