Corporate Governance, Business Ethics, and Strategic Leadership. Instructor: Dr.Gehan Shanmuganathan. LO 12-1 Describe and evaluate the relationship between strategic management and the role of business in society. LO 12-2 Conduct a stakeholder impact analysis.
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LO 12-1 LeadershipDescribe and evaluate the relationship between strategic management and the role of business in society.
LO 12-2 Conduct a stakeholder impact analysis.
LO 12-3 Critically evaluate the relationship between corporate social performance (CSR) and competitive advantage.
LO 12-4 Describe the role of corporate governance and evaluate different governance mechanisms.
LO 12-5 Describe and evaluate the relationship between business strategy and ethics.
LO 12-6 Describe the different roles that strategic leaders play and how to become a strategic leader.
Public stock company is the backbone of our economy
Four characteristics of public firms
Limited liability for investors
Transferability of investor interest
Separation of ownership and control
EXHIBIT 12.2 Leadership
Honesty and Ethics Ranking of Different Professions
Only 15% of “high” executives
“How would you rate the honesty and ethical standards
of people in different fields?”
Stakeholder Impact Analysis Leadership
Mechanisms to direct and control a firm
Ensure the pursuit of strategic goal
Address the principal–agent problem
When corporate governance failed
Global financial crisis
Bernard Madoff Ponzi scheme
Insider information ImClone and Galleon Group
STRATEGY HIGHLIGHT 12.1 Leadership
GE’s Board of Directors
Difference in national institutions and culture
“Free” market economies?
State-directed capitalism (less freedom). Ex: China
Free market capitalism (more freedom). Ex: U.S.
Strategic leadership Leadership
Behaviors and styles of executives that influence others
Steve Jobs at Apple
Michael Dell at Dell
Mark Zuckerberg at Facebook
Bill Gates at MicrosoftStrategic Leadership
Strategic Leaders: The Level 5 Pyramid Leadership