This also evident from above discussion that ethical leadership is also crucial in developing the ethical culture within an organization. The employee performance can also incredibly increased by ethical and moral behavior in a workplace that practice good ethics. Finally, the overall performance of an organization in term of its financial outcomes is also benefited from the ethic practice. The case study of L’Oreal also provides a good example of all
MAS is a conglomerate that strives to create a self-sustained ecosystem in the global business area. Also MAS is proud to hold a global reputation for an ethical and sustainable working environment. Creating an entrepreneurial culture creates a business that will continue to grow by adapting to change and by actively pursuing new opportunities in the market 'About us' [n.d Online] MAS Holdings. Available: http://www.masholdings.com/ [Accessed 11 November 2009]. http://www.businessinsider.com/building-an-entrepreneurial-culture-2011-8.
It clearly indicated that the company developed and stabilized the competence of brands through the business strategies in an effective and efficient manner. To accomplish the objective of being sustainable on growing the brands in all market, the company was being driven by the business priorities that shown as following: 1. Grow the Heineken® brand 2. Consumer-inspired, customer-oriented and brand-led 3. Capture the opportunities in emerging markets 4.
A direct relationship and based on the trust of suppliers is a strength in business growth. Starting from timely receipt of orders and payment methods, the connection with suppliers can make a difference in a competitive economy, influenced by globalization. Finally, the company must follow closely the connection with other categories of stakeholders (government, community and environment), so direct follow up between the company and related parties will lead to increasing profitability. The link between corporate performance, value for shareholders and stakeholders may be declared by Figure 2. We propose a model for tracing the company 's performance taking into account the various types of
Beyond disputes, the persuasive influencer, chairman Richard Branson takes a pivotal role in corporate leadership strategy. The profound understanding of employees, interaction on a personal level, elevates the business. Overall, managers dedicated help their subordinates to succeed, provide the constructive feedback, which is an essential part of the Virgin’s corporate culture. The transformational leadership lessons, which are possible to learn from the Virgin Atlantic Airways venture: disruptive rethinking of business strategy; people are the major asset of the business, have to be treated respectively; to transform ideas into constant innovations. Analysing the array of attributes of the leadership theories, indeed, it is logical to conclude that trust and transparency are crucial elements of building a sustainable business in a VUCA world (volatile, uncertain, complex and ambiguous).
Amway’s trade plays a key role in the communities in which it operates. Anyway has a global policy for creating, distributing and advertising its products worldwide. It also has an approach for encouraging corporate social responsibility (CSR) in a global way. CSR refers to the character that a company plays in meeting its wider obligations as a citizen. Such commitments include supporting worthy causes and always acting in an ethical, honest way.
The behavior, actions, and interactions of the members of an organization emerge from the meaning that the reality of that organization has for them. Therefore, a good corporate culture is essential to creating a healthy and thriving workplace, where the workers an inspired to work for the good of the company. The corporate culture also has an impact of the company's reputation and public
• We will ensure that our efforts translate to meeting the expectations of our shareholders, whilst always acting as responsible corporate citizens. Our Values • High Ethical and professional conduct. • Passion for excellence. • Courage to adapt to change. • Continuous Improvement.
The overall purpose of HR function within Ericsson is to proactively contribute to company’s vision by maximizing individual and organizational capabilities and by creating business value through human resources and organizational management. It is also the art and science of aligning the employees' goals with that of the organization. Legal Affairs. The function provides legal services: legal requirements, handling of legal matters, protection of investments in technology, etc. Technology: Secure technology and portfolio leadership with innovation, sustainability and product development excellence.
Today, Malaysian corporations are well informed of the significance of good governance and hence they are committed to developing and sustaining a strong culture of corporate governance. According to the MCCG (2012), corporate governance is defined as “the process and structure used to direct and manage the business and affairs of the company toward enhancing business prosperity and corporate accountability with the ultimate objective of realising long-term shareholder value, whilst taking into account the interest of other stakeholders”