Leadership, Trustworthiness and Ethical Stewardship Essay

Given the increase in organizational downsizings, layoffs, asset write-offs and executive bailouts, how important is the trust factor in defining a good leader? Without an established trust relationship a leader is unable to be effective. The problem to be investigated is the value of trustworthiness and ethical stewardship in the construct of the organizational leadership model. This paper shall explore the co-functions of trust and ethical stewardship and its impact on leadership effectiveness. Introduction In 2012, there is very little allegiance or loyalty among organizational members. This is partly due to the recent increase in corporate scandals and the outsourcing of many jobs to foreign countries. Once†¦show more content†¦500). In order for interpersonal trustworthiness to exist in organizations, a leader-follower relationship must first exist between the parties involved (Caldwell et al., 2010, p. 500). Once that leader-follower relationship is established, leaders have to earn trust. Leaders earn trust by their respective actions, morals and virtues. Trust is can also be based on past history. If something was done in the past which questions a leader’s values, morals or judgment, it would be unlikely that the leader would be trusted in the future. One of the most important parts of being an effective leader is building and maintaining trust. Trust can further be defined as a â€Å"multi-dimensional construct comprising different dimensions of the trustee’s attributes that the trustor evaluates† (Ingenhoff and Sommer, 2010, p. 341). Ethical stewardship is a concept that fosters policies of fairness to all. Ethical stewards use guiding principles that are ethical and moral. Caldwell states that† The concept of ethical stewardship has its roots in stakeholder theory† (Caldwell et al., 2007, p. 154). Stakeholder theory is very similar to Milton Friedman’s classical theory of business, which essentially holds that businesses should be solely devoted to increasing profits (Friedman, 1970, para 33). This author contends that ethical stewardship can’t existShow MoreRelatedLeadership, Trustworthiness And Ethical Stewardship1832 Words   |  7 Pagesï » ¿Running head: Ethical Leadership 1 Ethical Leadership Leadership, Trustworthiness and Ethical Stewardship Leadership, Trustworthiness and Ethical Stewardship The problem to be investigated is; how the leaders manage to stay ethical in their role while maintaining trust with the followers and focus on organisational goals. Most of the times, the biggest responsibility of leaders is to lead the team of the people to achieve organisational goals willingly. 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