What Does Globally Responsible Leadership Mean to Me
WHAT DOES GLOBALLY RESPONSIBLE LEADERSHIP MEAN TO ME
Gone are the days when the primary focus of all business organizations was profit maximization and to be the no 1.Today the principles of triple bottom line i.e people-planet-profit (having replaced the double bottom line) , sustainability, corporate citizenship and corporate social responsibilty have occupied the center stage of all business processes.Apart from the interests of shareholders,it is imperative to take into account the stakeholders too that include workers, clients, suppliers, environment, the community and the future generations.The performance of an any organization is not just gauged by its performance on the bourses but parameters like: 1) Are the activities sustainable and not detrimental to the environment directly or indirectly. 2) Are the business decisions taken after considering the underlying risks with sufficent contigency plans. 3) Is sufficent care taken to ensure the welfare of the workforce and regulated monitoring done to ensure malpractises like child labour are not present at any level of working of the organization.
Leaders all the world are embedding global responsibilty in the fabric of their business to deal with these challenges.Some of the efforts that have been taken henceforth include fair wages increase ,ensuring latest health and safety procedures are in place like the care centers , recycling and developing renewable resources and philanthrophic initiatives undertaken. As the business processes are getting globalised ,spreading their existence world over it is required that global leaders work across personal boundaries of social identity, internal boundaries of level and function and external boundaries of organization,country and region.Thus the concept of integration is indispensible part of global responsible leadership.In this global society,national ,international and multinational companies are a conglomeration.There can be
Gone are the days when the primary focus of all business organizations was profit maximization and to be the no 1.Today the principles of triple bottom line i.e people-planet-profit (having replaced the double bottom line) , sustainability, corporate citizenship and corporate social responsibilty have occupied the center stage of all business processes.Apart from the interests of shareholders,it is imperative to take into account the stakeholders too that include workers, clients, suppliers, environment, the community and the future generations.The performance of an any organization is not just gauged by its performance on the bourses but parameters like: 1) Are the activities sustainable and not detrimental to the environment directly or indirectly. 2) Are the business decisions taken after considering the underlying risks with sufficent contigency plans. 3) Is sufficent care taken to ensure the welfare of the workforce and regulated monitoring done to ensure malpractises like child labour are not present at any level of working of the organization.
Leaders all the world are embedding global responsibilty in the fabric of their business to deal with these challenges.Some of the efforts that have been taken henceforth include fair wages increase ,ensuring latest health and safety procedures are in place like the care centers , recycling and developing renewable resources and philanthrophic initiatives undertaken. As the business processes are getting globalised ,spreading their existence world over it is required that global leaders work across personal boundaries of social identity, internal boundaries of level and function and external boundaries of organization,country and region.Thus the concept of integration is indispensible part of global responsible leadership.In this global society,national ,international and multinational companies are a conglomeration.There can be