Professional Documents
Culture Documents
Kaleemullah
Roll:
B18107028
Class:
BBA 6th Semester
Course:
Leadership
Submitted to:
Sir: Fawad Alam
Q1: Briefly describe what are the vision statement, mission statement, objective, and
strategy of an organization.?
Mission statement
The Mission statement A general statement of how the vision will be achieved. The mission statement
is an action statement that usually begins with the word "to".
The mission of an Example Business – To provide unique and high-quality dairy products to local
consumers. It defines the mission of the organization and overall mission. The mission statement is a part
of the vision and helps provide direction and purpose to customers, employees, vendors, and others.
Vision statement
A Vision Statement describes the desired future position of the company. Elements of Mission and Vision
Statements are often combined to provide a statement of the company’s purposes, goals, and values.
However, sometimes the two terms are used interchangeably.
Objective
objectives are statements of purpose which help to create an overall vision and establish objectives and
steps that can be measured to assist an organization to attain the desired result. A strategic goal is the
most effective when it's easily quantifiable, either through statistical data or by observable data.
Strategy
Strategy is "The direction an organization takes to achieve future business success." The strategy outlines
how an organization will make use of its resources, such as the expertise and experience of its employees
along with financial and other assets, to accomplish its mission, overall goals, and vision.
1- Sustainability
Sustainability is a holistic method of managing companies that are designed to create and maximize long-
term economic, social, and environmental value. It's a way of responding to the needs of our times, which
confront organizations in the private and public sectors. CSR in sustainability services Our team is
composed of experienced specialists who specialize in projects focusing on the transformation of
businesses and public institutions to meet sustainability goals, which includes analyses and the definition of
strategic direction and reports. We offer support within the specific sustainability areas like Social and
Economic Impact Management and environmental management, stakeholder engagement, and social
involvement. example of a business that has a solid CSR strategy that is with a focus on sustainability.
Patagonia's efforts to decrease its carbon footprint can be seen in its green methods.
2- Accountability
Accountability is the term used to describe the performance of companies that are publicly traded in non-
financial fields like sustainability and social responsibility or Corporate accountability means that, in
addition to making an income for shareholders, companies must hold their staff accountable as well as the
community. This includes the duty to prevent from causing harm to people, the environment, or
communities as well as the obligation to protect the society and the environment by protecting the rights of
employees and communities that are affected by the business's activities, for example. While corporate
responsibility typically refers to voluntary approaches, corporate accountability typically is a reference to
more aggressive or legal strategies of influencing corporate behavior. The pressure that is imposed by
political and social individuals outside of the company. They can employ different strategies, not only
using legal mechanisms to enforce social norms.
3- Responsibility: Corporate social responsibility initiatives are designed to ensure that all stakeholders
of an organization are treated fairly including customers and employees. Ethical responsibilities are self-
imposed initiatives that companies put in their place because they believe that it's the right moral option
instead of being under any obligation. Companies consider how their people are affected by their actions
and strive to create the greatest positive impact. example: The cosmetics company Lush is well-known for
its international campaign against animal testing as well as its strong ethical efforts. Together with Lush's
annually awarded Lush Prize which fuels innovations in anti-testing techniques, Lush has been dedicated to
conducting fair and honest trade. The company can source ingredients directly from producers which
allows them to ensure that suppliers' conditions are respectable and that they get the right prices for their
goods.
4- Social Contract: Social contract theory states that people can live together within a society according
to an agreement that establishes ethical and political guidelines for behavior. Many think that, if we adhere
to a social contract we have the right to conduct ourselves morally on our own decision and not because a
godlike being demands it. The social contract has significance in company social responsibility because it
lets companies and individuals observe norms and movements. It enables groups to prevent activities that
may damage social standards or rules and be illegal in social values example: As participants of the moral
membership, we would conform to a few set of policies that addresses the difficulty of animals. as an
instance, we will agree that if I own a dog, you cannot harm my dog any more than you may harm my car.
both my dog and my car are my assets and my belongings are protected below the social settlement.
Q3: You are a major stakeholder in a large company. Identify five (5) measures you will
take about environmental concerns and corporate sustainability.
Sustainability in the environment is about how environmental resources can be preserved and protected
for future generations.
Sustainability in the corporate world is a strategy that aims to build long-term stakeholder value by
implementing an organizational strategy that is focused on the ethical and social, environmental, and
cultural aspects of doing business. strategies are developed to promote long-term sustainability,
transparency, and the proper development of employees in businesses.
Q4: What is Whistle Blowing? Identify three (3) ways by which an organization can
prevent itself from going to the extent of whistleblowing?
Corporate sustainability is the process that a company employs to provide its products and
services in a way that's eco-friendly and contributes to the growth of its
economy. Corporate sustainability is a priority for long-term development by using
sustainable strategies rather than focusing on financial gains in the short term.
If you implement a corporate sustainability plan, your company should be taking the
pledge to use natural resources responsibly, investing to ensure the long-term health of our
planet, and making sure that everyone who is involved in your business processes is
treated with respect.
This concept was derived out of the notion of sustainable development which refers to
development and growth that meet the needs of our time without compromising the natural
resources that the future generations depend on.
Corporate sustainability goes far beyond protecting the planet, though it is a key element
of this strategy. Sustainable businesses are those that operate by the goals of society and
the environment instead of being in opposition with them.
Corporate sustainability can be described as a plan for sustainable growth that integrates
humans and the environment.
Q7:
Corporate social responsibility (CSR) is the form of business where companies put forth an effort to
conduct their business in ways that benefit rather than harm the quality of life as well as the natural
environment.
Importance of CSR While not legally required, working morally is crucial for every company. It not only
creates an image that is positive as well, but it's also an opportunity to show compassion. This is
accomplished through taking part in the long-term growth of the community, the environment, and various
other stakeholders.
Companies are recognizing that implementing CSR is only beneficial to the societies or communities they
decide to help.
Q8: Briefly describe three (3) ways how CSR is being applied in corporate bodies in
Pakistan.
Environmental
Corporate CSR initiatives that focus on environmental sustainability are often the most
popular because of the media coverage and the high level of interest from
consumers. Sustainability is a topic of discussion and people expect companies to make
changes to reduce their impact on the environment. world.
Environmental goals typically focus on the company's net emissions as well as recycling
and initiatives to reduce waste, and/or sustainable packaging. The most common goals are
creating a "circular economy," where materials are recycled or reused with the ultimate
aim of removing garbage as well as becoming "carbon neutral," which means reducing or
eliminating emissions to reduce the carbon footprint of a company.
Social CSR objectives address how the employees who are involved in the making of
products, starting from the source of the product to the end product, are treated. This
could involve specific concerns like fair pay and equal treatment (e.g. proper working
conditions, restricted working hours) as well as safe and secure establishments, in addition
to larger issues like modern slavery, forced labor as well as child labor.
Certain industries, and in particular ones, are closely linked with human rights and human
rights concerns. For instance, child labor is commonplace in coffee, cocoa, gold supply
chains.
The supply chain or sourcing CSR objectives are focused on making sure that the supply
chain is transparent and trackable. For companies, this means to be aware of who their
suppliers are and where they are and where the raw materials they use come from, and the
way they got them.
These initiatives typically involve publishing the names of companies that are Tier 1-plus,
attaining some percentage of responsible-sourced materials , and even committing to more
comprehensive transparency and traceability goals for the supply chains of critical
importance.
Question
a) What measure will you undertake to improve the ethical conduct of the business?
b) ‘Profit making an ethical dilemma’ in a business justify?
(a) regular, reliable, and consistent communication, as well as training, will aid in
establishing an ethical mindset. Give staff support channels. Companies must
develop clear ways to report suspected fraud or violations of the company's policies
regarding ethical conduct.
(b) "The statement ethics and profit do not go in hand in hand" is an old idea; today in
almost every business seminars, business leaders are introducing new marketing
and sales methods that allow businesses to make money, considering the
individual's legal rights as well as obligations. To reap long-term advantages and
stay on the market for a longer duration, the rights of customers employees,
customers, and stakeholders of the company should be taken into account.
Q10: Briefly describe the different leadership styles with examples and which leadership
style suits which condition.
Visionary Leadership
Bureaucratic Leadership
Directing Leadership
Paternal & Maternal Leaders
Situational Leadership
Participative Leadership
Transformational Leader
Transactional Leader
Servant Leadership
Democratic Leadership
Autocratic Leadership
Visionary Leadership
The most visionary leaders have the determination to persevere even in times of
uncertainty. They are focused on the bigger picture, but they also have the blessing of
being blessed with regularity. This is exactly where those who are "regular visionaries"
fail.
It's not a stretch to say that the millennials of today are those with a lot of ideas, but only
for the shortest amount of time. . They have a limited attention span. Any YouTube video
by a next-gen millionaire could knock them out of their chairs.
Many people don't succeed in their quest to be visionary leaders.
Before forming 'Spanx', Sara was a salesperson for photocopiers and fax
machines. The sales process that she conducted door-to-door helped her master the
art of congruity and marketing. She was familiar with her clients long before
cutting her very first pair of pantyhose. This is what visionary leadership is all
about.
Bureaucratic Leadership
The bureaucratic leader is a remarkable way of leading that operates under the assumption
that everyone performs "by the book".
The primary focus of the individuals who use this type of leadership is on their roles
within the levels of the company and ensuring that each employee in the company is
assigned specific tasks and responsibilities.
Directing Leadership
This type of leadership is typically employed in situations in which the team developing
isn't experienced enough and needs someone who can oversee them and make all the
decisions while guiding them along with how to succeed.
This is mainly applicable to family-owned businesses that move to public IPOs as time
passes. However, this type of leadership is focused more on work that is practical and
based on the ground. It also permits leaders to pay close attention to the employees in the
company, regardless of what their opinions, suggestions, and their feedback are.
Maternalistic or paternalistic leaders are effective and progressive in the countries that
have the system of a joint family. Since this type of leadership has the potential to benefit
and withstand a variety of conditions in the face of various forms of adversity You can
count on that these leaders will "lead" and last for many years.
Situational Leadership
Selecting the appropriate style and making the right choice at the right time and then being
able to make the most of every moment can make the leadership of a situation last.
Participative Leadership:
This kind of style of leadership is often referred to by the name of " Facilitative
leadership". The leaders in this category don't just lead however, they also provide equal
opportunities for participation to delegate and their subordinates. Many multinationals
employ the principles of participative leadership to gain the experience of diverse
concepts once a problem is in progress.
Privatization and decentralization is the biggest example of this kind of leadership. This form of
leadership distributes more power to people by offering them a platform for voicing their opinions.
Transformational Leader:
Transformational leaders usually climb the ladder when they are employed in a lower
post. You might have observed some people within the organization who are promoted and
are given the responsibilities of an executive, division head, or other top-level
position. They are transformative leaders.
Transactional Leaders
This is the type of leader who has an effort in vs. rewards criteria in an
organization. Typically, transactional leaders are great but they could cause a rift when
they begin to penalize individuals who aren't performing.
Servant Leadership
Leaders who serve others are humble. They are exemplary and put their organization and
their employees' needs ahead of their agendas. They are not common because they use
powers-sharing models of leadership. A good servant leader can push you to greater levels
of skills, responsibilities, and vice versa, i.e. when he or she sees potential within you.
In extreme situations, it is common for servant leaders to be perceived as being weak and
lacking authority. We believe this kind of leadership is ideal since you're in a relationship
with your employees and colleagues. As a result, your colleagues show loyalty by showing
their appreciation. However, there's an undefined line between servant and leader. leaders
can be criticized by their staff due to conflicts of interest.
Democratic Leadership
Democratic leadership is among the most effective ways to lead since it permits lower-
level employees to exercise the authority they'll need to utilize effectively in any future
positions they may be in. It's also similar to the way the decisions are made at corporate
board meetings.
For instance, at the company board meeting , an elected leader could present the
group with a few decisions-related choices. They can then start discussions about
each choice. After the discussion, the leader could consider the views of the board
and suggestions into consideration and then put this choice up for the board for a
vote.
Autocratic Leadership
Autocratic leadership is reverse to democratic leadership. This type of leadership is when
the leader takes decisions without involving any person who reports to them. Employees
aren't considered nor consultative before making a shift in direction. They are expected to
follow the decisions at the time and a pace set in the direction of their boss.
A good example would be when a supervisor changes the shift hours for several
employees without having any consultation with anyone - particularly the
employees affected.
This leadership style is a sour taste. The majority of organizations today aren't able
to maintain a culture of hegemony and not lose employees. It is best to keep the
leadership at a higher level of openness to the ideas and perspectives of the staff.
Laissez-faire leadership, also referred to by the name delegation, refers to a form
of leadership style where leaders are not involved and allow the group members to take the
decision. Research has found that this is the type of leadership that results in the lowest
levels of productivity for group members.
In the school: The instructor is more an observer whereas students can do whatever
they want. There are no rules and discipline within the classroom.
Working Supervisors and leaders are left to let employees take the decisions and
let them decide the deadlines they want to meet. They do not provide much
feedback.
In the government, A leader who has a laissez-faire style of leadership will leave
the decision-making to subordinates and give very little direction.