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2016 | Buch

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Moral Leadership in Business

Towards a Business Culture of Integrity

verfasst von: Sebastian Vaduva, Victor T. Alistar, Andrew R. Thomas, Călin D. Lupiţu, Daniel S. Neagoie

Verlag: Springer International Publishing

Buchreihe : SpringerBriefs in Business

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

This brief explores the concept of moral leadership in organizations. Specifically, it examines ways in which companies can strengthen their reputation in the market and increase performance by taking leading positions in the realm of business ethics. It presents research from top scholars of Eastern Europe contemplating the future of our global information and knowledge society. How will the economic power nexuses of the world shift in the foreseeable future? Are we becoming so interconnected and at the same time divided that social capital (together with business integrity and customer feedback) may matter more than money and resources? How will education and creativity bridge the shrinking gap between producers and consumers? Such questions and many more are tackled by this brief.

In the current global economy, we have never before been more tightly-knit and never before has it been easier to distribute goods as well as ideologies. However, in the global marketplace we are only as good as our word, or our reputation, proves to be. Integrity studies by Transparency International show a correlation between corruption and national threat and lists corruption among the most harmful factors to impact local and regional economies. Therefore, successful businesses cannot afford to simply remain materially successful; they have to consider their community impact and become moral leaders before they can be world leaders in their respective field.

Featuring innovative tools, recommendations, case studies and checklists, this brief will be of interest to students, academics, scholars, practitioners and policymakers alike in the fields of leadership, corporate governance, business ethics and corporate social responsibility.

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Inhaltsverzeichnis

Frontmatter

Chapter 1. Moral Leadership

Abstract

If we think about moral leadership, we can conclude that few people and few organizations are perceived as leaders in what concerns ethics. Many businesspersons and organizations claim to be responsible in their area, even socially responsible, yet the trust they enjoy from the public, their business partners or suppliers, and their own employees or consumers is very low. What are they missing in order to be perceived as true moral leaders?

Sebastian Văduva, Victor T. Alistar, Andrew R. Thomas, Călin D. Lupiţu, Daniel S. Neagoie

Chapter 2. From Conformism to a Culture of Integrity

Abstract

Regulating activities and complying with regulations, practice and professional codes, as well as the acknowledged good practices have therefore become more and more important. These necessities appear the more pregnant in the context of an economic crisis generated specifically by not complying with regulations, good practices, ethical principles, and values, which ultimately led to corruption. One of the most important responsibilities of the management structure in any organization is creating an appropriate framework, an internal control system that ensures the organization’s compliance with the applicable regulation framework, and with the applicable codes of conduct, practice codes and professional codes, as well as with their own policies and procedures. This system must ensure the prevention, detection, and the correct management of the organization-specific compliance risks.

Sebastian Văduva, Victor T. Alistar, Andrew R. Thomas, Călin D. Lupiţu, Daniel S. Neagoie

Chapter 3. Corporate Transparency

Abstract

In a globalized economy, both national and multinational companies want, beyond their initial profit targets, to keep businesses that, directly or indirectly, have been affected by the financial crisis. From the numerous reports and studies made by different consulting companies and international organizations, one may notice that companies still don’t exhibit full corporate transparency, since they choose to report and publish insufficient information on how they carry out their activity. For instance, too few companies publicize their commitments and efforts regarding preventing corruption and fraud, and even fewer actually practice what they declare.

Sebastian Văduva, Victor T. Alistar, Andrew R. Thomas, Călin D. Lupiţu, Daniel S. Neagoie

Chapter 4. Stakeholders’ Management

Abstract

As shown in the previous chapters, the first steps for a company to be considered responsible are to have efficient internal mechanisms of compliance and an ethics’ management and to publish transparently and voluntarily as much information regarding its activity as possible. However, the company’s activity does not exist in a void, but it is part of a complex system, from a social, economic, environmental, etc. point of view. It is also inevitable for it to affect the interests of other people or groups, as the company certainly is, in turn, affected by the actions of other companies.

Sebastian Văduva, Victor T. Alistar, Andrew R. Thomas, Călin D. Lupiţu, Daniel S. Neagoie

Chapter 5. Management of Risks

Abstract

In the context of an organization, risk is defined as any event or circumstance that can negatively affect that organization. Risks can appear because of the uncertainty on the financial markets, because of project failures, legal debt, crediting risk, accidents, natural causes, and catastrophes, as well as intentional attacks from a competitor or other unpredictable events. Therefore, we can talk about management risks, such as brand and reputation risk; competition risk; customer risk; bankruptcy and the risk induced by suppliers; operational risks such as the commercial, personnel, technological, and e-risk; and financial risks.

Sebastian Văduva, Victor T. Alistar, Andrew R. Thomas, Călin D. Lupiţu, Daniel S. Neagoie

Chapter 6. Instead of Conclusions

Abstract

In order for the measures to be implemented in the business sector in developing mechanisms that support the promotion of a culture of integrity to fulfill their purpose with maximum efficiency, it is necessary to monitor and evaluate the impact these have (upon the employees, investors, clients/consumers, etc.).

Sebastian Văduva, Victor T. Alistar, Andrew R. Thomas, Călin D. Lupiţu, Daniel S. Neagoie

Titel: Moral Leadership in Business
verfasst von: Sebastian Vaduva
Victor T. Alistar
Andrew R. Thomas
Călin D. Lupiţu
Daniel S. Neagoie
Copyright-Jahr: 2016
Verlag: Springer International Publishing
Electronic ISBN: 978-3-319-42881-9
Print ISBN: 978-3-319-42880-2
DOI: https://doi.org/10.1007/978-3-319-42881-9