What are the sources of capital for a for-profit company? What are the sources of capital for a not for profit organization? What are the pros and cons of the various sources of capital?
Sample Solution
The public servants should fulfill the moral imperative by using their official position to serve the public interest. Both personal and institutional commitment to the core moral value of serving the common good is source of natural motivation to sustain the efforts and perseverance often needed to promote social transformation and human development. A significant role of moral leadership in the society has to do with constructing consensus on the shared core values that define the common good. The commitment to maintain the common good should be public officialâs primary motive for combating corruption. Selfishness does not serve the common good. Service to the common good should be based on human development. Public services should respect human dignity. People should not be made fell ignorant or inferior when receiving services that are due to them. People should be served in way that truly respects and enhances their human dignity. 2.6.6 Efficient and effectiveness (Competency) According to Ciulla (1995) as noted in Ciulla (2005:161), a good leader is an ethical and effective leader. The use of âgoodâ here has two senses, morally good leadership and technically good leadership. It is immoral for a leader to be incompetent (Ciulla, 2011:235). The fulfillment of the role of trusteeship requires the efficient and effective use of public resources in the service of the public interest and the common good. There must a systematic monitoring and evaluation of the efficient delivery of services and their impact are very important responsibility of trusteeship. The issue of ethical leadership is inseparable from competency. Therefore, the figure below shows the relationship among variables of this framework. Figure 2.1: Conceptual Framework Source: Researcher Own Design (2015). SUMMARY The above-mentioned empirical researches proved that ethical leadership has positive impacts on both public and private sectors. However, those empirical studies were conducted outside of Tanzania. Therefore, there are two gaps: (i) geographical gap and (i) knowledge gap. These gaps will be filled by this study. The studies showed that ethical leadership is workable and successful model of leadership that constitutes impact positive results in any organizational sector. From the extant literature review provides the characteristics of ethical leadership including honesty, trustworthy, just and fair, considerate altruistic, respect of human dignity and focusing on the common good. Therefore, it is only individual with some qualifications that can truly run a government that is accountable and trans>
The public servants should fulfill the moral imperative by using their official position to serve the public interest. Both personal and institutional commitment to the core moral value of serving the common good is source of natural motivation to sustain the efforts and perseverance often needed to promote social transformation and human development. A significant role of moral leadership in the society has to do with constructing consensus on the shared core values that define the common good. The commitment to maintain the common good should be public officialâs primary motive for combating corruption. Selfishness does not serve the common good. Service to the common good should be based on human development. Public services should respect human dignity. People should not be made fell ignorant or inferior when receiving services that are due to them. People should be served in way that truly respects and enhances their human dignity. 2.6.6 Efficient and effectiveness (Competency) According to Ciulla (1995) as noted in Ciulla (2005:161), a good leader is an ethical and effective leader. The use of âgoodâ here has two senses, morally good leadership and technically good leadership. It is immoral for a leader to be incompetent (Ciulla, 2011:235). The fulfillment of the role of trusteeship requires the efficient and effective use of public resources in the service of the public interest and the common good. There must a systematic monitoring and evaluation of the efficient delivery of services and their impact are very important responsibility of trusteeship. The issue of ethical leadership is inseparable from competency. Therefore, the figure below shows the relationship among variables of this framework. Figure 2.1: Conceptual Framework Source: Researcher Own Design (2015). SUMMARY The above-mentioned empirical researches proved that ethical leadership has positive impacts on both public and private sectors. However, those empirical studies were conducted outside of Tanzania. Therefore, there are two gaps: (i) geographical gap and (i) knowledge gap. These gaps will be filled by this study. The studies showed that ethical leadership is workable and successful model of leadership that constitutes impact positive results in any organizational sector. From the extant literature review provides the characteristics of ethical leadership including honesty, trustworthy, just and fair, considerate altruistic, respect of human dignity and focusing on the common good. Therefore, it is only individual with some qualifications that can truly run a government that is accountable and trans>
