Corporate Social Responsibility is embedded with a variety of multitude of business actors. With the call for sustainability and its new role of business in society, Corporate Social Responsibility has increased expectations and new rules, methods and leadership must come to contact and conflict with main stakeholders in the area of responsible business. In the business and academic literature, the shareholders are re-named as main stakeholders, and they are considered as competing for influence with its employees, customers, trade unions, suppliers, competitors, consumers etc. and the society at large. Two main relationship models help to explain how leaders can interact with multiple and diverse stakeholders. The in-out approach shows that …show more content…
Leaders in global business are the first true responsible citizens, who have worldwide experience, capability and responsibility and hence their decisions affect economy and society.
The main role of the leader in devolving corporation to sustainable social responsibility is complex, and it requires a different ways of leadership skills and competencies. Leadership styles, capabilities and competencies which lies in leaders whose organizations have fruitfully experienced changes in managerial strategy and are focused, transitioned toward and achieved more socially responsible behaviors.
Responsible leaders are considered as people of the high integrity and good understanding of different concepts such as sustainable development, committed to building organizations with the help of others. Leaders who have a good sense of purpose and are dedicated to their core values. Leaders who are socially responsible have been associated with the charismatic leadership style; the inter-connection between top managements and corporate output depends to the manager's skill under hard conditions of perceived environmental
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Corporate Social Responsibility usually relates either to political issues or to organizational level concerns and are often embedded in culture. The complexity of operation in a universal society places new and upcoming demands on corporations and their leadership. As the roles and tasks of government have been re-defined and the borders between corporate organization and government become less clear. Literature shows that business leaders are facing a number of challenges in a competitive environment. In the new age of CSR, the needs and demands of all the stakeholders, consumers, employees, national as well as global regulators, watchdogs, NGOs, and activist groups have to be
Paradise Hill Medical Center – Case analysis 1. Recognize the background: the key of this step is to understand the medical issues involved. The medical issue in the Paradise Hill Medical Center (PHMC) was that 22 oncology patients received excessive doses of radiation therapy. The patients have not been informed yet that they received and overdose of radiation. The CEO alleged that it was the responsibility of the medical staff to inform the affected patients, and the medical team decided not to inform them about the error.
Leadership requires action and the passion to put the effort into turning that good idea into a sustainable revenue machine. Every leader I listed here are all unique in their own way. They had faith in their
Some characteristics of a great leader may include social awareness, which is the ability to understand the social in a certain environment, for example, those who are most effective in the organization and self-direction, meaning a leader is able to direct themselves effectively and powerfully.
It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.).
Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
Leadership has been defined in a variety of ways, there are multiple authors and theorists who have tried to define and understand leadership, all leading to varying theories and conclusions, but one thing that is universally understood is the importance of effective leadership and how someone with good leadership skills can impact so many people around them. (Kakabadse and Kakabadse, 1999; Yukl, 2002; Northouse,2013) The main components that have been identified to play a role in leadership are relations between leader and subordinates, interaction form between leader and followers, the influence that the leader has, the way in which the leader behaves and finally a leader’s traits. (Yukl, 2002) These elements that make up a leader, are then used as building blocks to identify the way in which each specific leader deals with its followers.
These leadership styles will not comprise on their character. Both leadership displays relationship with people or followers. They rely on their personal charisma to get things done. Authentic leaders are positive, they are transparent with their followers and have a sense of themselves (Yaacoub, 2018). These leaderships lead because of their own personal
Thus, instead of focus on short-term profit maximizing or costs saving, firms should be stakeholder-oriented. A firm which is stakeholder-oriented focuses on the need of their stakeholder such as employees, customers, society and others who have a direct economic link to the firm (Habil, n.d.). Businesses that are socially responsible will avoid actions that may cause detrimental to stakeholders. They have greater concern on stakeholder well –being. A firm that decided to ignore the social issues may results in a loss of strategic opportunities ('Shareholder value or social responsiblity?', 2007).
There are many different views and perceptions on leadership and what it exactly means. This is because there are many different types of leaders and many different views on them. But the basic meaning of leadership is an individual who can select the right group of followers and influence them through their distinct gifts, abilities, skills and knowledge. A leader focuses on the follower and puts out a roadmap to the overall mission and vision; hereby the follower is influenced to willingly and enthusiastically in achieving the mission and vision. The leader achieves this influence by humbly delivering a visionary perception of the future in clear terms that resonates with the follower in terms of their believes and values.
Davis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
In this regard, leaders and managers can appear at any level of an organisation and are not exclusive of each other (Germano, 2010). Leadership theories identify leaders based upon traits as well as how their influence and power is used to achieve organizational goals and objectives (Germano, 2010). As such, trait based characteristics include leaders such as autocratic, democratic, bureaucratic and charismatic. On the other hand, leadership that is viewed from the perspective of the exchange of power and its utilisation to secure outcomes, are situational, transactional and transformational leaders (Germano, 2010). It is of paramount importance to consider the different types of theories of management and leadership and their potential impact on organizational strategy being that management and leadership plays a vital role in the success of businesses.
Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
Great leaders are genuine and authentic: These leaders know who they are and they are not afraid to let others see their core values, their strengths, and their weaknesses. They are transparent and let everyone know in a way that is seen as “real” and genuine. 4. Effective leaders have a professional presence: Great leaders have a way of being “in the moment”, both in a group setting (on stage) and in individual interactions. They pay attention, listen, ask great questions, and make everyone feel like there are being heard and valued.
Introduction At the present competitive world leadership is a dynamic process where influencing others is the most important issues. That’s why exercising power is one of the most important issue to be a charismatic leader and this power doesn’t come automatically it comes after advocating other fellow members. Here, one thing is most important to remind that the power should be imposed and exercise within the worth and boundaries of the leaders. However organization’s culture, its mission, vision, short-term strategies all these reform the leadership process.
Leadership style When we talk about leadership, we must think about people who already success in their career. From that, we can differentiate clearly the characteristics to become a good and influencing leader. For example, Tan Sri Anthony Francis Fernandes, CEO of the AirAsia who also known as Tony Fernandes. He is one of the 100 Most Influential People in the World because of his success in career and as a good leader. The first leadership style of Tony Fernandes is as a charismatic person.