Lecture 20 - Loyalty, Integrity and Leadership Flashcards
What is Excutive Integrity?
➢Executive integrity is more than the presence of morality or the appropriation of values; executive integrity involves the process of seeing or creating values;
➢Executive integrity is, therefore, a breaking out of a narrow individualism and is
based on a fearless trust in what true dialogue and understanding might bring,
both new responsibilities and new forms of responsiveness to the other.
What are some of the themes seen in codes of ethics
Loyalty and integrity
Specifically:
* Expected to maintain the highest levels of honesty and integrity, both inside and outside working hours;
* Maintain confidentiality;
* Devoting their best efforts and loyalty to the firm.
What are the limits of manager/leader ethics?
➢ Organisations expect employees to be loyal and show integrity at work:
How do managers and leaders respond to these expectations?
– Where do they place their loyalty?
– Where do they seek to show integrity and where do they not?
What are the limits of loyalty and integrity?
Loyalty
➢Being faithful to:
* Self and family;
* Groups and associations on has chosen to join;
* The employing organisation;
* Society at large.
Integrity
➢ Thinking honestly and soundly, and acting accordingly, in:
* The personal and private arena;
* The public arena;
* The organisation;
* Society at large.
How can loyalty and integrity conflict?
➢‘Loyalty to people or institutions is a fine quality, which arouses admiration and respect;
➢But it is part and not the whole of morality;
➢In order to understand and exercise it aright we have to set our loyalties to our persons and organisations within the framework of a much larger framework of ethics;
What is sacrafice in the face of loyalty and integrity?
Loyalty and integrity both demand sacrifice:
* Integrity demands the sacrifice of things – money, status, power – for its maintenance;
* Loyalty is the sacrificing of integrity to obtain things – money, status, power – for oneself or for some
other body such as an organisation.
What are the attributes of an ethical (virtuous) Manager/ Project manager/Leader
➢Ethical managers/project managers/leaders should provide a good role model by:
*Being ethical & honest at all times (obeying to wide loyalty and integrity principles):
*Telling the truth
*Admitting failure
* Communicating shared ethical values to employees;
* Rewarding employees who behave ethically & punish those who do not;
*Protecting employees (whistleblowers) who bring to light unethical behaviors or raise ethical issues;
What is Transactional Leadership?
Transactional leaders
➢ Leaders that lead primarily by using social exchanges: Guide or motivate their followers to work towards established goals by exchanging rewards for their productivity;
➢ They: a) Link job performance to rewards; b) Strive for structural
efficiency; c) Ensure resources allocation to get the job done
What is Tranformational Leadership?
Transformational leaders
➢Stimulate & inspire followers to transcend their own self-interests for the good of the organisation to achieve extraordinary outcomes;
➢ Create a strategic vision
- Vision is the substance of transformational leadership
➢ Communicate the vision
- Communicating the vision is the process of transformational leaders
➢ Model the vision
- Transformational leaders not only talk about the vision, they enact it
➢ Build commitment toward the vision
- Transformational leaders transform the vision into reality
➢Transformational leaders: Develop a vision for the organization, inspire & bound employees to their vision (collectively), & give them a “can do” attitude that makes the vision achievable;
➢Strongly correlated with lower turnover rates & higher levels of productivity, employee satisfaction, creativity, goal attainment, follower well-being & quality of life
➢Research shows that transformational leaders implement a more consistent ethical approach to
leading than transactional leaders.
What are the key concepts to include
*Sustainability (TBL)
*Financial responsibility
*Social responsibility
*Environmental responsibility
*Sustainable use of natural resources
*Life cycle thinking
