Grand Canyon UniversityLDR LDR-600

Consider the four characteristics of conscious capitalism: conscious leadership, stakeholder orientation, conscious culture, and higher purpose. Describe how these characteristics together can improve an organization's performance. Discuss in the context of your own organization, an organization you have belonged to in the past, or another existing organization that would benefit from significant organizational improvement.

 

Answer:

Conscious leadership

Conscious leadership focuses on people, inspiring and drawing out the best in others as a path to organizational success. Instead of putting profit and/or organizational objectives at the center, this style of leadership focuses on growing and empowering the people behind the profit (Chamberlain, 2016). Conscious leadership adapts to changing circumstances, no matter where they come from, and leaders are continually taking themselves to higher and higher levels of consciousness, inspiring those around them to continually strive for growth, as a result they are able to inspire other stakeholder to work towards organizational performance.

Step-by-step explanation

Stakeholder Orientation

A stakeholder orientation exists in a firm when the firm cares about all of its stakeholders. It does not just care about its owners and stockholders. Instead, it cares about everyone from its customers to its employees to its suppliers (Zairi, 2019). It even cares about the community in which it operates. The involvement of the stakeholder ensures that there is collective responsibility and more productivity that drives better performance.

Conscious culture

A Conscious Culture fosters recognition of the purpose of the company and the interdependent relationship between the company's stakeholders (Marques & Dhiman, 2016). And it promotes behavior in alignment with this recognition to advance the company's mission and deliver value to all of its stakeholders thus promoting better performance in the organization.

Higher purpose

Every organization has a higher purpose. It is simply the ultimate value or benefit it provides for its stakeholders, including customers, employees, and shareholders (Marques & Dhiman, 2016). When a leader communicates the purpose with authenticity and constancy, employees recognize the commitment, begin to believe in the purpose and reorient themselves to work towards it thus achieving better performance. 

References

Chamberlain, R. (2016). Conscious leadership in the workplace: A guidebook to making a difference one person at a time. Morgan James Publishing.

Marques, J., & Dhiman, S. (2016). Leadership today: Practices for personal and professional performance. Springer.

Zairi, M. (2019). Emphasising stakeholder orientation. Independently Published.