Role of Islamic Leadership in Value Based Corporate Management: The Case of Pakistan

African Journal of Business Management, Vol. 4, No. 18, pp. 4003-4020, December 2010

18 Pages Posted: 19 Jun 2011

See all articles by Abdus Sattar Abbasi

Abdus Sattar Abbasi

COMSATS Institute of Information Technology

Kashif Ur Rehman

IQRA University - Islamabad Campus

Ommar Hayat Abbasi

affiliation not provided to SSRN

Date Written: August 19, 2010

Abstract

Value crisis in corporate world around the globe significantly increased the need to find new management paradigm to deal with existing ethical dilemma. This study investigates inherent flaws of the contemporary corporate management in general and Value Based Management (VBM) in particular. This study identifies that weaknesses of current corporate management stem from two main factors first lack of values and ethics and loss of leadership integrity. This study investigates correlations among independent and dependent variables by observing an existing conditions or state of affairs in non-contrived settings. These correlations are explained through hypotheses testing. A questionnaire containing 50 items was developed and validated. Study was carried out by taking a sample of 302 managers from manufacturing and service sectors of Pakistan. Data was processed and analyzed in SPSS. Results of the study indicate that there is significant and positive relationship among values and ethics, managerial performance and organizational value. Findings suggest that management by example is a better management paradigm to curb many ethical ailments of modern enterprise. This study developed ‘Islamic VBM Score’ to assess VBM practices in an organization from Islamic perspective. Furthermore, results suggest that Islamic work ethics take the organization towards ‘total value based management’ through ensuring value for shareholders, employees, customers and society at large.

Keywords: Leadership, values and ethics, management by example, value based management

Suggested Citation

Abbasi, Abdus Sattar and Rehman, Kashif Ur and Abbasi, Ommar Hayat, Role of Islamic Leadership in Value Based Corporate Management: The Case of Pakistan (August 19, 2010). African Journal of Business Management, Vol. 4, No. 18, pp. 4003-4020, December 2010, Available at SSRN: https://ssrn.com/abstract=1866809

Abdus Sattar Abbasi (Contact Author)

COMSATS Institute of Information Technology ( email )

1.5 Defence Road
Off Raiwind Road
Lahore, Punjab
Pakistan

Kashif Ur Rehman

IQRA University - Islamabad Campus ( email )

5, Khayaban-e-Johar
Islamabad, H-9
Pakistan

Ommar Hayat Abbasi

affiliation not provided to SSRN

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