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Corporate Culture, Governance, and Ethical Leadership

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Changing a corporate culture is very difficult. Imagine that you are asked by your chief executive to help move your firm toward the use of a triple-bottom-line accounting model in which environmental and social factors are given equal weight to financial indicators. Assume that this would prepresent a major transformation of the firm.

How would you begin to set the stage for this transition?
What reasons would you use to support the change?
How would you change attitudes and values?

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Changing a corporate culture is very difficult. Imagine that you are asked by your chief executive to help move your firm toward the use of a triple-bottom-line accounting model in which environmental and social factors are given equal weight to financial indicators. Assume that this would prepresent a major transformation of the firm.

How would you begin to set the stage for this transition?
I would begin by examining the vision, mission, and values of the organization. It they give importance to the social and environmental factors, I will reiterate these, otherwise I will change the vision, mission, and values to include social ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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