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Impact on Leadership of Modern Organization

   

Added on  2021-02-19

6 Pages1227 Words19 Views
Context of Business

Table of ContentsINTRODUCTION...........................................................................................................................1Identify and discuss the why it is important to handle sustainably, responsible and behaveethically in regards to economic, social, cultural and environmental issues. .............................1CSR(Corporate Social Responsibility) impact on leadership of modern organization. .............2CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4

INTRODUCTIONOrganization need to function ethically so that goodwill can be raised in the market placeand more customer base can be increased for the product and services. Ethically functioningbusiness are are able to build strong and faithful customers towards their firm in the cut throatcompetitive world. By doing market value of the company is increased due to which salesvolume raises. It directly or indirectly uplift the profit maximization ratio as compared to theircompetitors . CSR (Corporate Social Responsibility) creates a huge impact on the leadership inmodern organization due to which living standard of the people are raising in a positive manner.This report covers why it is important to manage sustainably and behave ethically in context tosocial, environmental, cultural and economical issues. Additionally, high light howCSR(Corporate Social Responsibility) impact on leadership in modern companies. Identify and discuss the why it is important to handle sustainably, responsible and behaveethically in regards to economic, social, cultural and environmental issues. In order to grow globally it is mandatory for the organization to carry out businessfunctions ethically in the cut throat competitive world. Ethics, norms, beliefs, traditions etc. aremanaged in the business administration so that skilled and competent workers can be retained forlonger time period. It is important to handle sustainably responsible and behave ethically inregards to economic, social, cultural and environmental issues are explained as follows: Social issues: This is concerned with crime, drug abuse, violence etc.Organizationshould ethically carry out the business operations in order to survive in the society. Tacticsshould be framed to overcome this social issues so that living standard of the people can beraised and profits can be gained accordingly. In order to survive for longer time duration in thecompetitive world it is the core task to be performed ethically in the market. Company managesresponsible, sustainably and behave ethically so that more customer base can be increased for theproduct. Cultural issues: In this case it includes traditions, values, practices, norms etc.organization work effectively and efficiently to meet the set standards. The culture of the firmvaries from business to business and accordingly strategies are designed in the market. In orderto sustain company need to perform ethically so that best results can be attained. Businessassociates need to design unique ways to eliminate the issue of culture in the working premises1

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