Introduction
There exists a significant difference between the corporate executives and the managers and supervisors, especially in the largely incorporated entities. The corporate executive is entrusted with the role of overseeing the operations of the corporate, thus, they create plans and delegate the responsibilities to junior staff to foresee their execution and completion in the pursuit of the organization’s goal. The plans are long term in nature and aim at actualizing the general corporate objectives of the organization. They normally make the final decisions despite the fact they may consult with other junior management and the subordinate staffs as there is a need to work together as a team to achieve goals within the stipulated time. As such, the essay investigates where the role of corporate executive lie as well as what it should involve for sound management. Moreover, the study will look into the loyalty and its limits.
Primary role of the corporate executive
Primarily, the role of corporate executive lies with the shareholders since they are the owners of the organization they run. The role is either legal, fiduciary duties, or the implied responsibilities. In the case of fiduciary duties to the shareholders, the executive accepts shareholders’ confidence in them; therefore, the role can be expressed in different separate duties. Firstly, there is the duty of care when acting on the relevant information at their disposal when making any decisions by consulting the junior staff and the subordinates. As such, they should seek to understand and evaluate the corporation's daily operations as well as ensuring they act in their capacity. Secondly, the duty demand loyalty, thus, the corporate executive operates in the best interests of the shareholders. Therefore, loyalty precedes the executive personal interests when making decisions that affect the welfare of the shareholders. Lastly, they have the responsibility of complete disclosure to the shareholders on the key issues that affect shareholders’ interests in the corporations. Thereby, the major role of the corporate executive lies to the shareholders, and they can sue him or her by proving failure to maintain the fiduciary responsibilities in their duties to run the corporation.
However, the primary role of the corporate executive should be more expensive because the organizations operate both within a society and under the law of the land. Therefore, the primary role should encompass the social and polite responsibilities in equal measures. For instance, they should be liable for all types of pollution within their areas of operation. More particularly, the corporate executive should stop draining chemical wastes to the rivers, releasing carbon gasses among other harmful substances, noise from the mining companies as well as other manners of biodiversity destruction. Additionally, the corporate should ensure diversity, hire people with disabilities as well as maintain the general polity responsibilities. All these roles should be central to the management of the corporations to ensure environment cleanliness to improve health and general well-being of the society. Currently, some basic social responsibility is corporate self-regulated, this lowers their standards as they are voluntary. Thus, they require standardization as well as definition to attract legal penalty. Consequently, all the companies will comply, and the global rate of pollution will drastically reduce. Moreover, there will be an increment of c customers' loyalty, economic performance and reduction in lawsuits.
Loyalty
Loyalty is the quality of devotion and affection to someone, a course or a something without fail. As such, this quality is of vital importance to all facets of life; from the primary relationships with others and God, work place and finally to the nation at large. Consequently, there are positive outcomes associated with this quality despite the cost paid since there are no betrayals or substandard services in the line of duty. More particularly, loyalty instills the sense of commitment and boundless dedication to a task as well as relationships. This builds a better and productive society brought about the leader-follower loyal relationship. Agreeably, where loyalty reins there is trust and respect among the parties involved, which increases the benefits in both short term and long term. Hence, loyalty should have no limits.
Biblically, the loyalty depicted by Abraham was exemplary. More specifically, God asked Abraham to give his only son, Isaac, as a burnt offering to Him. Owing to his devotion and trust in God, Abraham set on a journey to the mountain to do as required. However, when he was on the verge of sacrificing his son, God provided a ram that was offered as a sacrifice instead of his son as discussed by Newton (2004). Clearly, loyalty to God does not have a limitation as shown in the Bible and its fruits pass from one generation to the next. God blessed him abundantly and through his seed, all nations attained blessing. Impliedly, for us to leap the optimum benefits from the loyalty we show to God, friends, our leaders and other phenomena in life, we should never limit our loyalty. We should serve with devotion when we are called upon without counting the cost.
In business, loyalty plays a significant role in all the aspects. Notably, customers are the single most source of revenue for the business, which justifies all the investments that can maintain the relationship between the m and the business. As such, customer loyalty will help the business in retaining healthy sales volume in the face cutthroat competition. Moreover, acquiring new customers require the organization to meet their demands at reasonable prices to create the loyalty. Therefore, businesses ensure they improve the positive corporate image by maintaining the safety of products, producing high-quality goods, charging fare prices as well as being involved in corporate social responsibilities all times. Consequently, the firms win customers’ loyalty. In the long term, there is effective customer management due to the loyalty, which creates revenue and business expansion opportunities. Thereby, loyalty has no limit in business due to the benefits it affords the organizations.
Finally, professional soldiers’ service entails loyalty to the country, the military profession, and their respective units. Thereby, the military officers’ must exhibit unconditional loyalty to their countries at all times: even before their personal interest. This is partly due to the philosophy of loyalty to groups, units, which are supposed to fulfill a certain responsibility without fail as postulated by Newton (2004). The military ethics demands that the officers should not give the secrets even in the face of death or torture from the enemy. Besides, they must uphold commitment and courage as part of enhancing their duties to the nations. The military is the perfect ideal example of loyalty without limit since they deal with the security of the entire nation. A slight disloyalty would render the nation vulnerable to the terrorists and other external criminals. Therefore, since the generals trust the military officers who are loyal to the country, the security standards are always commendable.
References
Newton, L. H. (2004). Ethics in America: Source reader. (2nd Ed.). Upper Sander River, N.J: Pearson.
Newton, L. H. (2004). Ethics in America: Study Guide. (2nd Ed.). Upper Sander River, N.J: Pearson.
