Stewardship Theory

Normally, organizational culture is by owners, high-level executives or person in charge of the organization. If the organization treasures success and productivity more than moral and ethical concepts, staff would likely follow this principle in making decision. Hence, understanding the organizational culture allows us to be aware of such blindly obeying organization action. If something fishy was spotted, there are few ways to disobey the organization. In order to disobey, or in other words, protest, it is good to remember two points about disobeying organizational decision.

Being the leader doesn’t mean that you have earned respect. Too many leaders take their titles and authority for granted. Some leaders believe that they are owed and/or command some level of (unearned) respect just because of where they are positioned on the organizational chart. Today’s workplace – highly influenced by millennial and embedded with people that have trouble trusting others – requires proof of performance before respect is earned. As such, leaders must reset their state of mind and become more responsible with their actions and accountable for the effect their influence has on their employees and the organization as

The basic functions like legal and tax issues, benefits, EDI, credit and collection, and financial control systems were administrated from this centralized corporate office. Exhibit_8 shows the company’s organization chart as on October 1998. Board of directors chairman W.P Sovey followed by vice chairman & CEO J.J McDonough and president & COO T.A Ferguson represents the very top corporate leadership. Under them, top financial responsibilities were divided between two corporate executives: Vice President-Finance who managed outside asset and liability, and senior vice president-Corporate Controller who focused on internal operations. They reported directly to company president and president reported to CEO.

LEADING There is a misconception about what leading is all about. Leading is sometimes interchanged with the Directing function, while others treat both separately. Leading “includes motivating employees, directing the activities of others, selecting the most effective communication channel, and resolving conflicts” (Robbins/DeCenzo 2008). Hence, a leader is someone who can influence others and who has managerial power/authority. “Leadership is played out individually and collectively in both your business and private life will lead to consistent and authentic leadership” (Aitken 2011).

There are many reasons why an evolution is important in organisations. It allows the organisation to ensure that objectives are met and to identify their strengths and weaknesses. It can also benefit employees as managers can identify staff training and development needs. Organisations are able to monitor the success of the business through evaluations, without an evaluation this could not be monitored as there is no proof that objectives have been met. An evaluation can provide guidance for the organisation and give them a clear indication of their future.

Shareholders: When operating ethically shareholders would like to maximise their return on investment. They would likewise need to guarantee that supervisors are behaving ethically and not risking investors’ capital by engaging in actions that could hurt the company’s reputation. Shareholder’s may not be happier as the return on investments would be lower when a business attends to operate ethically but it is possible to persuade them by clarifying the long haul results of the business. Customers: They are the most critical stakeholder for a business. Customers would need new better quality items at sensible prices.

In as much as the economy has increasingly advanced, the importance of excellent talent is becoming a top priority for most organizations. There are major anxieties with businesses when they have to acquire actual talent, retain and develop potential talent for their organization. Being aware that enhance talent within an organization will bring better outcomes. Management should then maintain a competitive benefit over its competition by measuring and tracking the skills and abilities of their workers. Different forms of measurements are achieved to measure the talents of human capital.

Leadership is an important concept to consider when evaluating the role of effective management in business. Effective managers will display good leadership ability. Leadership is defined as “the ability to influence people to set aside their personal concerns and support a larger agenda" (Baldwin 311). There are varying ways of using influence to move others to action, with no certain pathway guaranteeing success in effectively executing a leadership role. There are, however, numerous traits and characteristics that have been found to be important in contributing to the effectiveness of a leader.

It is done by stepwise. They believes in a participative approach to making strategic decisions, Mr. Rajiv says –“If, I make a strategy, I will be the only one to own it. Strategy has to be mutually owned and shared by all the team members”. All employers should be informed about what is going on the organization and what is needed to do to accomplished the goal • Make sure that task are understood supervised, and accomplished: the role and responsibility of every one is clearly define and there is proper level of understanding and proper communication system. • Train the team: JD leader not only influence and drive their employee, they also provide timely training and development program to motivate their employee.

I feel that if the Wal-Mart upper-management followed the code of conduct that they set forth in their organization mission, vision and values, they will would have never cross the line in unethical behavior. For an organization to be successful their must be trust. Companies earned their credibility through honesty and integrity. It is easy for an organization to say what they are all about or what that are going to do, but Wal-Mart prove to be wrong. It all start with leadership, they should have lead by