, lOMoARcPSD|21 99716 0
Assignment 1 02 Apr. 25
Section 1
1.1 Sustainable Development
Sustainable development refers to progress that meets the needs of the present
generation without compromising the ability of future generations to meet their own
needs. It emphasizes two main aspects — the satisfaction of human needs,
particularly those of the poor, and the recognition of limitations imposed by current
social, economic, and environmental conditions. Essentially, sustainable
development aims to balance growth with environmental protection and social equity.
1.2 Corporate Citizenship
Corporate citizenship can be defined as the role of a corporation in ensuring that
individuals within society enjoy their civil, social, and political rights. It represents how
businesses act as responsible members of society by contributing positively to the
welfare of communities and upholding ethical standards.
Corporate citizenship is grounded in values and ethical leadership. A corporation’s
values shape its mission, vision, and long-term success. Effective corporate leaders
act with transparency, accountability, and responsibility in decision-making
processes. They prioritize ethics and ensure that the organization’s actions align with
its stated values.
A responsible corporate leader must engage with all stakeholders — including
employees, clients, and customers. For employees, this means offering guidance,
fostering teamwork, and providing mentorship to achieve organizational objectives
efficiently. For clients and customers, it involves ensuring product quality, maintaining
open communication, and upholding integrity in all interactions.
Responsible leadership also involves addressing managerial, social, and moral
challenges. Leaders must assess the corporation’s social, ecological, and cultural
, lOMoARcPSD|21 99716 0
environment to create sustainable strategies that enhance both community well-
being and business success. A thriving business requires a healthy, stable
community; therefore, corporate responsibility and profitability are interdependent.
Furthermore, responsible leaders must possess a clear and inspiring vision that
encourages long-term sustainability and innovation. They should promote
environmentally and socially conscious business practices while motivating others
through effective storytelling that communicates the organization’s purpose and
positive societal impact.
Section 2
2.1 Ethical Theories
Ethical theories provide frameworks for evaluating moral decisions in business and
society. They help organizations determine what is right or wrong in their conduct
and guide actions that align with ethical principles. Some companies may adopt
ethical behavior voluntarily, while others might do so to comply with regulations or
enhance profitability by building public trust and reputation.
2.2 Benefits of the UN Global Compact
Becoming a signatory of the United Nations Global Compact can be highly beneficial
for organizations. The initiative promotes alignment of corporate strategies and
operations with ten universal principles related to human rights, labour, the
environment, and anti-corruption.
Key benefits include:
• Adoption of a globally recognized framework for developing, implementing,
and reporting on environmental, social, and governance (ESG) practices.
• Access to shared best practices and innovative strategies to address
sustainability challenges.
• Collaboration with a wide range of stakeholders, including UN agencies,
governments, civil society, and labour organizations, to advance global
development goals.
, lOMoARcPSD|21 99716 0
• Connection of subsidiaries and business units with local networks across
various countries, including developing and emerging markets.
• Access to the UN’s expertise and resources on sustainability and
development issues.
• Use of specialized UN Global Compact tools and programs that support
progress in environmental, social, and governance areas.
These benefits collectively enhance corporate sustainability and strengthen a
company’s global reputation as a socially responsible entity.
Section 3
3.1 Contemporary Leadership Approaches
Contemporary leadership approaches aim to develop effective and adaptable
leadership models suitable for modern organizational environments. These
approaches emphasize collaboration, flexibility, and the creation of positive
workplace cultures. Key leadership styles include:
• Charismatic Leadership:
This approach focuses on inspiring and motivating followers through a
leader’s vision and personality. Charismatic leaders empower individuals and
drive organizational change through passion, confidence, and strong
communication skills.
• Managerial Leadership:
This style emphasizes structure, supervision, and performance. Managerial
leaders ensure that employees meet organizational goals through clear
expectations, monitoring, and reward systems for good performance, while
addressing non-performance through corrective measures.
• Transformational Leadership:
Transformational leaders inspire change and innovation by establishing a
clear vision for the future. They motivate employees to exceed expectations
by aligning their goals with the organization’s mission. This approach
promotes creativity, adaptability, and competitiveness in a dynamic market.
Assignment 1 02 Apr. 25
Section 1
1.1 Sustainable Development
Sustainable development refers to progress that meets the needs of the present
generation without compromising the ability of future generations to meet their own
needs. It emphasizes two main aspects — the satisfaction of human needs,
particularly those of the poor, and the recognition of limitations imposed by current
social, economic, and environmental conditions. Essentially, sustainable
development aims to balance growth with environmental protection and social equity.
1.2 Corporate Citizenship
Corporate citizenship can be defined as the role of a corporation in ensuring that
individuals within society enjoy their civil, social, and political rights. It represents how
businesses act as responsible members of society by contributing positively to the
welfare of communities and upholding ethical standards.
Corporate citizenship is grounded in values and ethical leadership. A corporation’s
values shape its mission, vision, and long-term success. Effective corporate leaders
act with transparency, accountability, and responsibility in decision-making
processes. They prioritize ethics and ensure that the organization’s actions align with
its stated values.
A responsible corporate leader must engage with all stakeholders — including
employees, clients, and customers. For employees, this means offering guidance,
fostering teamwork, and providing mentorship to achieve organizational objectives
efficiently. For clients and customers, it involves ensuring product quality, maintaining
open communication, and upholding integrity in all interactions.
Responsible leadership also involves addressing managerial, social, and moral
challenges. Leaders must assess the corporation’s social, ecological, and cultural
, lOMoARcPSD|21 99716 0
environment to create sustainable strategies that enhance both community well-
being and business success. A thriving business requires a healthy, stable
community; therefore, corporate responsibility and profitability are interdependent.
Furthermore, responsible leaders must possess a clear and inspiring vision that
encourages long-term sustainability and innovation. They should promote
environmentally and socially conscious business practices while motivating others
through effective storytelling that communicates the organization’s purpose and
positive societal impact.
Section 2
2.1 Ethical Theories
Ethical theories provide frameworks for evaluating moral decisions in business and
society. They help organizations determine what is right or wrong in their conduct
and guide actions that align with ethical principles. Some companies may adopt
ethical behavior voluntarily, while others might do so to comply with regulations or
enhance profitability by building public trust and reputation.
2.2 Benefits of the UN Global Compact
Becoming a signatory of the United Nations Global Compact can be highly beneficial
for organizations. The initiative promotes alignment of corporate strategies and
operations with ten universal principles related to human rights, labour, the
environment, and anti-corruption.
Key benefits include:
• Adoption of a globally recognized framework for developing, implementing,
and reporting on environmental, social, and governance (ESG) practices.
• Access to shared best practices and innovative strategies to address
sustainability challenges.
• Collaboration with a wide range of stakeholders, including UN agencies,
governments, civil society, and labour organizations, to advance global
development goals.
, lOMoARcPSD|21 99716 0
• Connection of subsidiaries and business units with local networks across
various countries, including developing and emerging markets.
• Access to the UN’s expertise and resources on sustainability and
development issues.
• Use of specialized UN Global Compact tools and programs that support
progress in environmental, social, and governance areas.
These benefits collectively enhance corporate sustainability and strengthen a
company’s global reputation as a socially responsible entity.
Section 3
3.1 Contemporary Leadership Approaches
Contemporary leadership approaches aim to develop effective and adaptable
leadership models suitable for modern organizational environments. These
approaches emphasize collaboration, flexibility, and the creation of positive
workplace cultures. Key leadership styles include:
• Charismatic Leadership:
This approach focuses on inspiring and motivating followers through a
leader’s vision and personality. Charismatic leaders empower individuals and
drive organizational change through passion, confidence, and strong
communication skills.
• Managerial Leadership:
This style emphasizes structure, supervision, and performance. Managerial
leaders ensure that employees meet organizational goals through clear
expectations, monitoring, and reward systems for good performance, while
addressing non-performance through corrective measures.
• Transformational Leadership:
Transformational leaders inspire change and innovation by establishing a
clear vision for the future. They motivate employees to exceed expectations
by aligning their goals with the organization’s mission. This approach
promotes creativity, adaptability, and competitiveness in a dynamic market.
