Integration of Servant Leadership, Ethics, and Entrepreneurism
According to research on the impact of integrating servant leadership, ethics, and entrepreneurship in business, someone wrote: I believe that all firms should cultivate loyal clients by providing excellent service and appealing products. Regarding employees, I plan to be approachable, firm, and fair. All personnel, from my highest executive to the maintenance team, must follow the rules. I plan to use a computer program to track employees’ birthdays, vacations, anniversaries, and preferences.
It has attracted research interest in organizational studies in the last decades with its special attention to the leader’s role as a servant, putting the needs of others first to consequently foster positive organizational outcomes. This focus on serving others dramatically shifts the center of leadership studies from solely leading to balancing the paradox of teaching and performing simultaneously. While charismatic and transformational leaders could create extraordinary outcomes. –(Lapointe & vandernberghe, 2018; Liu, 2019; Newman et al., 2017).
SHRM has partnered with Security Management Magazine and quoted that these executives have a service-first approach and are committed to empowering and elevating people who work with them. They serve rather than command, demonstrate humility rather than assert power, and are constantly searching for ways to improve the development of their employees in ways that unlock potential, creativity, and a sense of purpose. According to servant leadership proponents, the results of these labors are plentiful. Staff who are empowered will perform at a high, innovative level. Employees are more engaged and purpose-driven, which enhances retention and minimizes turnover costs for the firm. Well-trained and trusted staff continue to develop as future leaders, ensuring the organization’s long-term vitality.
Servant leadership
Servant leadership is a leadership style and ideology in which an individual engages with others to attain authority rather than power, whether in a management or fellow employee position. The system is organized in a decentralized manner. This leadership style involves customer-facing staff in company decision-making. These individuals have tight contact with the customer and can make better judgments to keep and acquire new consumers. It encourages authority figures in servant leadership contexts to encourage creativity, empower employees, and ensure the well-being of those around them. This leadership style necessitates traits such as empathy, listening, stewardship, and dedication to the personal growth of others. The servant leader approaches circumstances and organizations first as a servant, seeking ways to contribute their presence to meet the organization’s and people’s needs. Servant leaders prioritize meeting the wants and needs of stakeholders, with leadership coming in second. This is in contrast to the leader-first attitude, in which a person seeks to achieve authority rapidly, frequently motivated by a desire for money gain or influence. Keeping this in mind may benefit your future business practices. I believe it is quite important, especially in today’s society, because many people prefer a calm, accommodating, and empathetic leader rather than someone who is overly strict and difficult to deal with; it can also help create a peaceful work environment. It can also increase consumer trust in your product or business because how you treat your staff greatly impacts today’s society. However, there are some drawbacks to this approach. Few leaders have experience in this type of management; adopting this leadership style may require difficult cultural change; decisions can take time, which can be detrimental in times of crisis; or personnel may be given more responsibility than they can carry. Authoritarian leadership is required when exact accuracy and rigid standards are needed in a military situation. Servant leadership is better appropriate in a less organized context, such as a research setting where teams innovate.
Ethics
It is also important to have good ethics in every business. Ethical leadership in a company is important today because its benefits may be felt in various areas, from recruiting and accounting practices to product development and customer data management. Furthermore, firms with ethical executives and procedures do better. Business ethics concerns individuals’ and companies’ collective values, morals, and beliefs. Business leaders must uphold and reflect a company’s ethical ideals and embody the corporation’s heart and soul. These leaders do more than just manage employees. Ethical leaders take the initiative, encourage others by their words and actions, and set high standards. Business News Daily says ethical leaders guide and develop people rather than direct them. Even their social media personalities reflect the company’s and their ideals. Consider working for a corporation that has no work ethic. There will be no peaceful day; the chaos will be overwhelming. The boss or staff will do what they believe is right, even if it means causing harm to others. It can create psychological tension and worry. It may also result in losses because employees will always depart, and recruiting staff again can harm the organization significantly.
Entrepreneurship
One of the most important is entrepreneurism. Entrepreneurship is the capacity to create new businesses, particularly when there are fresh prospects to make money. They create new employment by developing new products and services, resulting in an acceleration of economic development. As a result, public policy that stimulates and supports entrepreneurship should be regarded as critical to economic progress. Entrepreneurship generates a big number of new jobs and possibilities. It can help you expand your business, increase your profit, and provide job possibilities in the community. It’s like killing two birds with one stone; you help others while also helping yourself.
No successful business emerged overnight. It necessitates perseverance, hard work, and effort. Various aspects contribute to a firm’s success and the development of a competent business thinker. Before launching a firm, it is vital to remember the Three Pillars. It will give you a more comprehensive understanding of becoming a successful entrepreneur.
I will end my essay with a quote from Max DePree saying: “The first responsibility of a leader is to define reality. The last is to say thank you. In between, the leader is a servant.”
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https://www.ahrq.gov/prevention/clinician/ahrq-works/burnout/index.html
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Question
In Topic 3, you identified three sources to support a discussion of integrating servant leadership, ethics, and entrepreneurism as they relate to the industry you are familiar with.
Integration of Servant Leadership, Ethics, and Entrepreneurism
Write a 750-1,000-word statement describing your career vision after completing your degree. This paper addresses the following:
1. How will each of the three pillars—servant leadership, ethics, and entrepreneurism— be integrated and impact your business practice in the future?
2. How will the three pillars enable you to contribute to the greater social good in your industry and the community? Support your response with at least one peer-reviewed journal.
This assignment requires a minimum of four peer-reviewed journal articles published within the past 5 years, which may include the three articles from the Topic 3 Annotated Bibliography assignment.
Reminder: This APA paper must include a separate title and reference pages.
Prepare this assignment according to the guidelines found in the APA Style Guide.