Organizational Change Responsible Leadership Management Assignment

Assignment Task

Objectives

• To understand who stakeholders are; to consider their characteristics, needs, values, and expectations.
• To consider key issues of stakeholder theory and implications for professional practice.
• To understand the importance of stakeholder theory in relation to Corporate Social Responsibility (CSR) and Responsible Leadership.
• To conduct a stakeholders’ analysis.

Stakehlder definition

People or small groups with the power to respond to, negotiate with, and change the strategic future of the organization

Personal values

Personal values are abstract desirable goals that serve as guiding principles in people’s lives (Adams et al., 2011). People are cognitively aware of them. They are ordered by their subjective importance. Individuals differ in the relative importance they ascribe to different values. qIt is impossible to attain all values at once. Some values are compatible with each other, whilst other values conflict with each other.

Stakeholdetheortheory & Responsible Leadership

Key points

The notion of responsible leadership reflects the fact that corporate responsibility is first and foremost a leadership challenge, which requires leaders who care, who are morally conscious, open towards the diversity of stakeholders inside and outside the corporation, and who are aware of and understand the responsibilities of business in society” (Pless, 2007, p.438)

Responsible leadership does not view leadership effectiveness in terms of financial performance as a driver of leadership behavior, but rather as directed toward gaining legitimate solutions for all affected parties” (Voegtlin, Patzer, & Scherer, 2012)

Stakeholder synergies 

1. How might an organization’s top managers create value simultaneously and synergistically for multiple essential stakeholder groups?

2. Increase the utility received by one essential stakeholder group without negatively affecting the value proposition received by any other essential stakeholder group single stakeholder value creation

3. Find complementarities in needs across two or more essential stakeholder groups complementary utilities

4. Follow-ons to the single stakeholder or complementary utility innovations described above.

5. Draw high-quality essential stakeholder members who wish to either join, buy from or do business with the organization's follow-on efficiencies 

Activity

1. With a partner or in a small group, think of two people you associate with the term ‘leader’.

2. What have they done that makes them a good leader, in your view? How are they similar to, or different from, each other?

3. Compare your responses with others and try to define what you mean by ‘leader’ and leadership

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