Responsible Management and Taoism, Volume 1

Cover of Responsible Management and Taoism, Volume 1

Managing Responsibly for Sustainable Business Development in the VUCA World

Subject:

Synopsis

Table of contents

(19 chapters)
Abstract

This chapter delves into the rationale behind the author's initiative on the Trilogy of Taoist Leadership for Sustainability & Excellence project. The trilogy encompasses responsible management, responsible business and responsible leadership as interconnected aspects. Furthermore, the author explores the interrelationships among business, management and leadership, highlighting the crucial roles each plays in fostering a sustainable organization and society. Ultimately, the author underscores the significance of Taoist philosophy or the wisdom of Taoism in guiding business leaders towards responsible management and sustainable businesses development.

Abstract

In this chapter, the author offers a concise overview of the 3C Model of Taoism, which is derived from Laozi's ‘Three Treasures’ consisting of compassion, conservation and compliance. The 3C Model forms the basis for the Trilogy of Taoist Leadership. The author designed the Trilogy's framework to elucidate the connection between the 3C Model and the Trilogy itself. The chapter concludes with the author detailing the individual elements of the 3C Model, shedding light on their significance within the overarching framework.

Abstract

In this chapter, the author explains the three components of Trilogy of Taoist Leadership – responsible business, responsible management and responsible leadership. The concepts of business, management and leadership are defined from multiple angles, including an etymological perspective. The historical origins and evolution of these three areas are explored to provide a comprehensive understanding. The chapter concludes with a discussion of the interconnections among the trilogy's components and illustrates how the trilogy can contribute to the development of sustainable organizations.

Abstract

This chapter concentrates on the potential of Taoism's wisdom that can contribute to organizational sustainability and leadership excellence in the context of the Trilogy on sustainability & excellence. The author introduces the Tao of ‘U’ Model, which illustrates how Taoist principles can be employed to foster sustainable business practices and attain exceptional results. The chapter culminates with a roadmap to achieve both excellence and sustainability for organizations.

Abstract

In this chapter, the discussion revolves around the necessity for responsible management within the context of a complex environment. The 21st century has brought forth numerous challenges for businesses and organizations globally. The rise of VUCA has made it increasingly difficult for companies to achieve success using traditional management approaches. Addressing adaptive challenges and wicked problems, which are sustainability issues that are hard to define and even harder to solve, has become a significant concern for today's enterprises. To tackle these challenges, a shift in management and leadership paradigms is needed, particularly a shift from ego-centric to eco-centric management styles and from boss-centric to self-management approaches. Embracing a more responsible and sustainable management strategy is essential for addressing adaptive challenges. This could involve integrating Taoist principles like compassion, conservation and compliance into management practices and collaborating with stakeholders to devise innovative solutions to tackle adaptive challenges and wicked problems.

Abstract

In this chapter, the author explores and discusses the transformation of management from the perspective of complex systems, systems change and the Taoist yin-yang theory. Modern complex organizations require innovative management practices that move beyond traditional approaches. Consequently, many organizations are experiencing a management shift towards more holistic and sustainable methods. This shift encompasses changes in organizational structures and modes of inquiry. Organizations are transitioning from rigid hierarchies to more collaborative and agile configurations while adopting a systemic approach to management that acknowledges the interconnectedness and interdependence of all organizational aspects. Simultaneously, there is a paradigm shift in management thinking, replacing the conventional focus on ego-action with eco-action, which emphasizes the integration of diverse perspectives and the cultivation of self-awareness and introspection. This shift in mindset is embodied in the yin-yang paradigm, highlighting the importance of balance and harmony between contrasting forces.

Abstract

In this chapter, the author delves deeper into adaptive and sustainability challenges, specifically discussing the roles of management and leadership in addressing these problems. Both responsible leadership and management are essential for tackling sustainability challenges. Leadership focuses on establishing a vision and inspiring others to attain it, while management is concerned with devising and executing strategies to realize that vision. Addressing wicked problems necessitates collaboration, engagement and innovative solutions, involving both leadership and management. To effectively conquer sustainability challenges, organizations must embrace a more holistic and sustainable approach to management and leadership. This might include collaborating with stakeholders to discover innovative solutions that prioritize sustainability and social responsibility. Resolving wicked problems calls for a distinct management and leadership approach that is cooperative, systemic, and sustainable.

Abstract

In this chapter, the author provides a concise introduction to the 3C Model of Taoism in responsible management. The discussion delves into the fundamental concepts of sustainable development, including the 3P Model (people, profit and planet), which represents the key dimensions of sustainable business development. Additionally, the relationship between the 3C Model and the 3P Model is examined, highlighting the interconnectedness of these frameworks. The 3C Model of Taoism encompasses compassion, conservation and compliance, which are integral components of responsible management. By integrating these principles into management practices, organizations can foster a more sustainable and ethical business environment. The chapter concludes with a compelling business story that demonstrates the application of Taoist principles in the establishment and growth of a successful firm in the United Kingdom. This real-life example illustrates the positive impact of incorporating the 3C Model of Taoism in management practices, leading to a sustainable business.

Abstract

In this chapter, the discussion begins with an exploration of the first ‘C’ in the 3C Model of Taoism: compassion. The author connects the virtue of compassion with the modern concept of social responsibility, one of the three key pillars of responsible management. The chapter concentrates on the role of compassion in management. The notion of compassion in management emphasizes a commitment to cultivating positive change for customers, employees, and the broader community. This encompasses practices such as offering fair wages and benefits, establishing a secure and healthy work environment and supporting local charities and initiatives. Management that embodies compassion aim to be socially responsible and can generate a positive impact within the communities. Managers recognize the significance of treating individuals equitably and with respect and are prepared to devote time and resources to their corporate mission. By integrating compassion into their business practices, organizations can nurture trust and loyalty among customers, employees and stakeholders. Furthermore, compassionate management may experience heightened brand loyalty and financial success as a result of their ethical approach.

Abstract

In this chapter, the author proceeds to explore the second ‘C’ in the 3C Model of Taoism: conversation, with an emphasis on ecological sustainability. The discussion delves into the connections between Taoism and deep ecology, eco-effectiveness and eco-efficiency, and the Diderot effect and sustainable consumption. Taoism underscores the value of maintaining balance with nature and regards the natural world as a wellspring of wisdom and inspiration. Taoism and deep ecology share many philosophical similarities. Both perspectives highlight the importance of cherishing all living beings, coexisting peacefully with nature, and acknowledging that humans are a small component of a larger ecosystem. Taoism strongly accentuates the interconnectivity of all things and the critical need for balance between nature and human life. Along with promoting harmony and respect for the environment, deep ecology also advocates for social and political reform to protect the ecosystem. These two approaches emphasize the need to understand our position in the world and how our actions affect the environment and all living organisms. The wisdom of Taoism perceives sustainability as encompassing the entire ecosystem, an intricate network of life with its abundant and diverse range of species. This view aligns with the principles of deep ecology, which sees the ecosystem as a living entity in which humanity is merely one component.

Abstract

In this chapter, the author delves into the third ‘C:’ compliance, which is fundamentally linked to business ethics. The chapter introduces the concept of business ethics and its significance in contemporary business strategy while interpreting Taoist principles from a compliance perspective. Compliance deals with our recognition of the potentially harmful or imprudent actions we take or our belief that we are superior to others. Compliance refers to an individual's expression of altered attitudes or behaviours in response to adhering to others' requests. Compliance encompasses humility, integrity, accountability and more. This chapter concentrates on the influence of Taoist ethical principles, particularly humility and integrity, on responsible management.

Cover of Responsible Management and Taoism, Volume 1
DOI
10.1108/9781802627893
Publication date
2023-12-14
Author
ISBN
978-1-80262-790-9
eISBN
978-1-80262-789-3