Values-Based Leadership Approach.
Values-Based Leadership Approach to Organizational Behavior.
Values-based leadership is an approach that demands leaders to draw on their values and that of the followers for direction and motivation. Leaders must lean on the organizational values to drive performance and deliver results. A stout values-leadership strategy requires effective leadership of a high level for better collaboration and cooperation. Research study shows that “effective leaders inspire cooperative personal decisions by creating faith in common understanding” (Weiss, 2014). Such kind of leaders set the pace and culture that governs the behaviors of followers. They are also likely to create a culture of trust, honesty, and devotion to attain the corporate vision. The values-based leadership focuses on the ethical standard, values, and behaviors; thus, this can support the idea of the company and build confidence among the stakeholders.
Satisfying the Needs of the Internal Stakeholders
Stakeholders are likely to achieve satisfaction when the values-based leadership support the corporate vision and builds trust among them. As a result, this can have a positive impact on organizational culture. Satisfying the needs of the internal stakeholders can enable them to work hard towards building the corporate image and increasing productivity. It can allow them to become the right shareholders and works hard towards building the corporate culture. It can also make them develop a sense of pride, trust, and commitment towards realizing corporate mission and vision.
The Purpose and Establishment of Mission, Vision, and Values in this Approach
The purpose of establishing mission, vision, and values in the values-based leadership approach is to guide leaders towards realizing their corporate goals. Research shows that strategies and culture are aligned along with the mission, vision, and core values (Weiss, 2014). Therefore, the values-based leadership approach is compatible with the three aspects. The purpose of establishing the mission, in this case, is to enable leaders to understand why the organization exists. Besides, the aim of creating a vision is to guide them in their decision-making and realization of organizational goals. Research shows that “values are the bedrock of why the company exists, how it makes decisions, and its true purpose” (Gleeson, 2017). Thus, leaders must lean on the core corporate values to drive performance.
The Importance of Strategic Alignment and the Classical Visionary Approach
Effective leaders guide ethical and align strategic decisions of the internal with the external business environment. Strategic alignment is imperative because it benefits both employees, customers, and stakeholders. It eliminates conflicts, increases coordination and buy-in among the team, as well as offer clarity of purposes to all workforces. It can also help the company to adapt to the changing business world, stay competitive, and build a long-lasting business. On the other hand, leaders employing classical visionary strategy believe that the business world is predictable. Given the unpredictable global market, they are likely to use to classical visionary approach to position themselves effectively to build sustainable companies.
How Corporate Mission, Vision, and Values Improve Corporate Exposure and Profit
Both the mission, vision, and values offer leaders a direction for driving organizational change. They keep employees focused on where the company is heading and what it attempts to accomplish. While leaders and their followers build corporate culture through trust, good vision, mission, and values should guide them towards achieving high profits. An organization with a definite purpose, vision, and value expose itself to the market, and this will ultimately increase sales; thus, generate more revenues.
