The importance of integrity and leadership Essay

The importance of integrity and leadership - Essay Example As employees are instrumental in driving a company’s bottom-line integrity and leadership impact organizational performance. The review also found a positive correlation between profits and focus on corporate social responsibility. As the world is still struggling to come out of the 2008 financial crisis, people have realized the need to follow strong ethical conduct in business dealings. Most of the organizations in the early 21st century started following the practice of rewarding the managers, who showed high profits, with huge bonuses and pay packets with no regard to the means they were adopting. Corruption, back stabbing and data fudging by managers were accepted as part of the game and the performance linked bonuses increased their greed at every success. This review aims to understand how ethics and leadership impact an organization. It attempts to understand how a leader can demonstrate ethical behavior and what impact it has on the overall performance of the organization? The importance of integrity and leadership has always been an important topic for study by researchers. This can be demonstrated by a number of studies that were done during the late 20th century to show the link between ethics and business performance as well as leadership integrity. Preston conducted a research on 67 companies over a period of 11 years to find out whether there was any causal relationship between financial performance and the company’s CSR policy (Corporate Social Responsibility which can be considered as a proxy to integrity) (Verschoor, 1998). He found that there was no significant negative relationship between the two. However, he found that both were positively related implying higher the CSR performance (integrity perception) higher the business performance. Other studies too found a positive relation between the two. There were some studies which found no or mixed relation

Henry Fayols Principles of Management Assignment

Henry Fayols Principles of Management - Assignment Example Equity. There should be a fair and equal treatment of all employees by the management. In an organization, the rules and regulations should apply equally to all personnel. There should not be any form of discrimination against any of the employee or to favor any of them. Authority. The managers of any organization should be in a position to give orders and ensure that all orders adhere. For instance, the instructions and rules given by the management should be adhered and respected by all employees. Discipline. Employees of an organization must respect the rules, regulations, and the laws that govern the organization. This will ensure there is clear cooperation between the management and employees. The employees must follow all the instructions, and be responsible for all the activities allocated to them. Unity of command. There should be a defined source of orders and information in an organization. The source of the orders and information should come from the highest level of management to the employees at the lowest level. Unity of direction. Any organization should have clear objectives that are to be achieved by the collective activities of all the employees in the organization. These objectives should be achievable. All the organization’s activities should be tailored towards the achievement of the objectives. Subordination of individual interest to the general interest. The objectives of the organization must supersede the objectives of each individual. All the employees in an organization should have the same objectives of achieving the overall organizational goals. Their objectives should not prevent the achievement of the organizational goals. Remuneration. All the employees in an organization must get adequate rewards for their service in the organization. The input of an employee should be equal to the outputs derived. There should be no exploitation of any  employee.