Leadership Styles: Understanding the Approach to Leading Others in Community-Company Relations
Keywords:
Leadership, Community, Company, Relations, StakeholderAbstract
Companies operate within communities inhabited by people who, in one way or the other, maintain organized and genuine expectations. This therefore means that there must be a contractual relationship between the company and the community as an organized unit. In light of the above, this paper examined the issue of leadership in community-company relations as an integral part of corporate governance. The study addressed key questions, such as what strategies, patterns, or trends are adopted in community-company relations. and what leadership style (s) can guarantee harmonious community -company relations? The study explained the concepts of Leadership, leadership styles, and community–company relations and adopted the Stakeholder theory as its theoretical basis. The theory is predicated on mutuality of interests and utilitarianism. In this context, the socio-economic fortunes of the community are affected by the companies' operations in the same way that companies function optimally when they operate within the framework of stakeholder theory. The study relied solely on secondary data and analyzed the same using content analysis. Analyzing the patterns and trends of community-company relations, it was found that they are characterized by a tripod of conflictual rules of engagement, a doctrine of tokenism, and ethno-tribal tendencies. It is also our finding that community-company relations are shaped largely by intimidatory leadership traits. The study therefore recommended the adoption of the principles, norms, and values enunciated in stakeholder theory as a guarantee of a paradigm shift from confrontation to collaboration, in line with best international practices.
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