Good Dividends

<p>This book seeks to answer the question of ‘leadership for what?’. We shall outline an answer by focusing on responsible leadership of purpose through an inter-disciplinary perspective. Responsible leadership moves the axis of leadership from leader-followers to leader-stakeholders; away from looking at leadership as person-centric – the qualities, abilities, and effectiveness of the leader, to a focus on the purposes, responsibilities and activities of leadership. Leadership orientation is about realising value for a range of constituencies, not just the shareholders of the business. In this way this book offers up an alternative business model to that of dominant neo-liberal approaches to capitalism and its flow-on effect to the leadership project. This is a model that draws on a most obvious assumption – if leaders maximise the use of all the capitals of their business they will maximise their dividends, and thus deliver their responsibility to the shareholders as well as other relevant stakeholders. </p><p>This book explores how five dividends (based on five capitals) can be developed through attention to a sixth dividend (and sixth capital) – the dividend from our planet and communities. The planetary dividend is the flourishing of humanity – but it is also a significant dividend to the business. For example, by engaging the business in a purpose-led orientation to enhance the planetary dividend, the dividend from human resourcefulness becomes manifest – employee sense of purpose, commitment, passion and energy. The realisation of such can also connect with dividends from innovation, operations and brands. For example, the business benefits from a purpose-driven brand. </p><p>In short, responsible leadership of purpose outlines a case for leadership to focus on a connected portfolio of ‘good’ dividends as an answer to the question ‘leadership for what?’ The book is written by academics and organisational leaders. It draws on a range of research with leaders from a variety of contexts to illustrate the challenges but also the benefits of this argument. It is an ambitious book: ambitious, in terms of moving leadership towards realising purpose; ambitious by seeking to align a range of business disciplines around responsible leadership; and ambitious because it challenges the dominant assumptions that shape business leadership. However, it is based on a simple question: why would a business not wish to generate good dividends for all its stakeholders?</p> <p><strong>PART I</strong></p><p>1 Leadership of Purpose: In Search of Good Dividends</p><p>Steve Kempster, Ken Parry and Thomas Maak</p><p>2 Four Cornerstones that Underpin the Good Dividends</p><p>Steve Kempster, Thomas Maak and Ken Parry</p><p>3 Responsible Leadership: Reconciling People, Purpose, and Profit</p><p>Thomas Maak and Nicola M. Pless</p><p>4 The Good Dividends: A Systemic Framework of Value Creation</p><p>Steve Kempster, Thomas Maak and Ken Parry</p><p>PART 2</p><p>5 In Search of the Financial Dividend of the Workforce: Evidence from FTSE-100 Companies’ Annual Report Disclosures</p><p>Steve Young, Sam Rawsthorne and Luke Hildyard</p><p>6 From Human Resources to Human Resourcefulness: Making the Most of Human Good Dividend</p><p>Robyn Remke and Steve Kempster</p><p>7 Social Innovation Dividend: Leading Stakeholders in Value Creation for All Our Futures</p><p><i>Steve Kempster and Minna Halme</i></p><p>8<i> </i>Operational Dividend: Realising Stakeholder Value </p><p>Steve Eldridge and Steve Kempster</p><p>9 Achieving Good Dividends Through Brand Leadership </p><p><i>Malcolm Kirkup and Katalin Illes</i></p><p>10<i> </i>One-Planet Dividend: Responsible Leadership as Stewardship</p><p>Thomas Maak and Nicola M. Pless</p><p>11 Leadership of Value: Leading the Leading Indicators for Good Dividends</p><p>Anthony Hesketh</p><p>Part Three</p><p>12 The Good Dividends and Governance: A Leadership Perspective </p><p><i>Randall Zindler</i></p><p>13 Applying the Good Dividends to a Business: A CEO’s Reflections </p><p><i>Luke Freeman, Steve Kempster and Stewart Barnes</i></p><p>14<i> </i>Final Thoughts: Building the Evidence Base Through A Research and Learning Community</p><p>Steve Kempster and Thomas Maak</p>