Philanthropy Acts By Carlos Slim Samples †MyAssignmenthelp.com

Question: Discuss about the Philanthropy Acts By Carlos Slim. Answer: Philanthropy Slim explored a different type of philanthropy which helped individuals while at the same time making oneself productive in the business empire. The design of philanthropy examined not only focused on enriching and bettering the lives of people, but also stretched to the continuation of his business through the same acts of welfare (Raymond 2004). The billionaires giving revolved around his leadership style which placed a focus to the mix of well-being and enterprise. For instance, he decided to support the internet service provider company belonging to his son in law which reported very little subscribers due to the small ownership of computers at the time in the country. In this respect, he developed a scheme that enabled individuals on low wages, who formed a majority of the population to own computers, whose payment was made alongside their telephone bills in two-year duration. Eventually, in ten years, the company became the largest seller of computers with a record of 3000 sales a day being recorded. While the initiative to develop the scheme of upgrading the welfare of the low-wage income earners was noble and philanthropic, it did not go without rendering profits to both the internet service provider company and Slims company that sold the computers in high numbers. At the same time, Slim rewards his employees through education, training, and development by supporting them financially towards the desired goals in life. However, the kind of philanthropy is a two-edged one in the sense that the education and training offered returns to the benefit of his business empire through increased performance. The training and education assist the workers in dealing with the daily issues at the workplace and the use of technology in boosting success while minimizing losses in business (Ohman, Douglas, Dean and Ginsburg 2016). The money spent out to the events becomes a benefit to his business. Moreover, Slim as a collector of the largest number of artifacts in the nation decided to set up a museum to benefit the population through the support in art and historical safeguard. In this act of philanthropy where people could learn about the previous and present-day art, he stands to benefit since, at some point, the facility would receive funds collected from revenues by those visiting the site or using it for research purposes. In every way, he intends to assist the society but remains in constant benefit from the scenario apart from the usual marketing and creation of a good image for his business model. Ethical Aspect of the Philanthropy Philanthropy refers to the act of giving focused on eliminating social problems through the support of issues such as the creation of libraries, supporting scientific research, and building museums. Generally, it points to the love for humankind and deals with the prevention and solving of social problems (Osella, Stirrat, and Widger 2015). In this respect, the acts done by Slim remain largely ethical as they do not contravene the right perception and change experienced by the recipients. Ethics refers to the right or wrong thought or act conducted by individuals. In this case, the kind acts remain good as they positively touch the lives of the people in different areas of the nation and economy. Slims line of assistance does not fall primarily in the charity sector but focuses on the philanthropic acts, where any of these would point to the benefit of communities. The fact that he benefits from the actions does not make him any less ethical. Instead, his line of thought and practice goes beyond charity as he teaches people to find easier means to social problems rather than acting on the already occurring issues (Hay and Muller 2014). Thus, his acts are ethical and justifiably so according to his line of thought on assistance despite him benefitting from the same. Leadership Styles Carlos Slim is associated with some leadership styles which have been used to span success for the companies. In his leadership endeavors, he uses styles such as task-oriented, people-oriented, and transactional leadership styles in others. All these approaches are relevant and applicable to the several organizations where he transacts his business. The task-oriented leadership focuses on the completion of a job through emphasizing on the plans, structures, and schedules within which a given task is to be done (Sethuraman and Suresh 2014). Here, it relates to the activities of prioritizing goals, task review, setting and following schedules, and reviewing a task process. Selling Type The leadership style is effective towards understanding and driving success in his organization. In doing so, he becomes proactive in modernizing his operations such as in the telecommunications sector to reap from a large population as well as in the selling of computers alongside the telephone bills over the two-year period. At the same time, it calls for the involvement of employees and the managers in giving the opinion and setting the pace in steering changes within a work process (McCleskey 2014). In the long run, the focus on work processes bears fruits through increased profits and cut down on the cost of production. Participative Type A people-oriented approach is another style associated with Slims leadership. People, oriented leadership is a style which energizes employees, makes them feel appreciated, and prepares them adequately towards a given task. The style focuses on empowering workers to better their skills, understand processes, and experience a simplified manner in which they perform tasks. Slim in his leadership manner undertakes the style by supporting workers in the companies through education opportunities, training of skills and new information while developing them career-wise to meet the demands of a workplace (Donate and de Pablo 2015). Moreover, he prioritizes the spirit of teamwork and group ethics towards the collective goodwill of the company. As such, it becomes effective for the workers to carry out tasks and prepare them for promotion activities given the new skills and training acquired. Therefore, he recognizes the value of human capital and uses the same to channel profits to his compa ny. Telling Type Furthermore, Slim is characterized by the transactional leadership style in his management. Transactional leadership is one that focuses on organization, supervision, and performance at work where the leaders remain responsible for the compliance from the followers. Slim allows his workers to become decision makers towards change but ensures that the changes instituted adhere to the overall goals of the organization. At the same time, he provides he sells the ideas of a business to the employees in such a way that they understand and run with the vision towards success. Rahbar, Zare and Akbarian Bafghi (2016) agree that in this respect, he divides the powers among the employees but stays close watching the businesses just in case they deviate from the intended purposes. Therefore, the three leadership styles are evident in his companies and the way he handles the tasks, people, and overall supervision of the functions occurring therein (Pavlovic 2014). The approaches used all enhance understanding towards the use of leadership and the changes that have led to his overall success in different sectors of the economy. Motivation Motivation is a special attribute among workers, which drives the productivity levels occurring in organizations. A motivated lot of employees would respond positively towards work and register success through performance. In many ways, Carlos motivates the workers towards production by ensuring career development and proper working standards. The billionaire accords workers with education, training, and development opportunities which make employees strive more (Olafsen, Halvari, Forest and Deci 2015). Workers who receive further education enhance their skills grow their capability and experience thus reduces the amount of employee turnover in organizations. As a result, it bolsters performance while creating a good reputation for a firm to the workers. At the same time, it reduces the worker complaint thus staying within the limits of the law. The need theory according to Maslow hierarchy of needs is seen at work in the case. Need theory tends to satisfy the hunger and thirst which is done with the employment act. Secondly, the aspect of respect, security, and friendship is motivated by teamwork, job security, and allowing employees to contribute to decision-making in their diverse workplaces (Pandey 2016). The incentives given to the workers as observed in the case of computers which were eventually deducted assists workers, who form part of the consumer market to develop socially and technologically. Fernet, Trpanier, Austin, Gagn, and Forest (2015) suggest that such offering boost and assist in retaining the good minds coupled with a reputable salary for the workers. At the same time, introducing machine and technology in production assists in easing tasks and thus making the process of work simplified. Employees working in such organizations tend to remain effective and loyal to their employers. The Herzbergs theory of motivation comes into play in the scenario based on the presence or absence of dissatisfaction. Dissatisfied employees would not be motivated to work. In the case of the firm, there are features to motivation and upgrading of self-esteem through the proper communication, handling, and development factors which boost employee morale (Nuttin 2014). The practice of allowing the managers and workers to initiate change assists in drawing loyalty and adherence to standards and regulations while increasing productivity. Slim is characterized with communicating his guiding principles in a way that motivates and solves problems within the organization. Establishing a good rapport and relationship between workers and employers sets a foundation for development and adherence to the vision and mission of organizations. Employees allowed to participate in decision-making are twice more likely to remain and follow a leader given that they work according to the terms set in consultation. The leadership style allows for cohesion and teamwork which assists in development. Employees who receive the freedom of sharing ideas not only with them but also with the employers are more likely to follow a leader and the vision shared therein (Miner 2015). In this case, the handling and prioritization of workers in the workplace make them follow Slim and his principles towards production. Power is a requisite factor towards the success of businesses in the corporate and political world. Having a significant influence in the market, sufficient to alter or control given policies to favor a specific company remains instrumental to success. Power, to some extent, is related to influence in that it calls for a command between followers (Nahavandi 2016). Power comes from varied sources in the organization and is meant to exert significant pressure on the needed changes. Legitimate Power Legal power is one evident in the case where the power is derived from a position of authority held by Mr. Carlos Slim. The power assists him in enforcing standards and distributing resources in the organizations he leads actually. As seen in the case, he allows the managers some duties while restricting some to himself. The ability comes only through the legitimate power he enjoys in the jurisdiction. Coercive Power At the same time, he possesses coercive power which is bestowed on individuals through fear. As the proprietor of companies that support a significant part of the GDP in the country of Mexico, people in the top government management fear him as well as in the respective organizations where he yields power. Individuals in the said groups follow whatever he says due to the fear of being demoted, suspended, or fired. In this case, employees comprehend that some privileges might be held back if the standards set are not adhered to, and, thus, have to live up to the task (Gregoire and Arendt 2014). The kind of power, therefore, comes from the fear of the position one holds. The kind of power is essential in ensuring that all things are done in organizations as per the expectations set in different areas. At the same time, the control is important in maintaining the considerable market he enjoys and monopoly of working with the government towards growth. Reward Power The power comes from the ability to render or give rewards to a manager or a leader. The fact that one can give funds or initiate a particular project based on wish yields the power. In the case study, the power is evident and is used carefully to yield positive rewards to the business. Slim derives the power from the privilege he enjoys as the proprietor of the several companies mentioned therein. In this case, he reserves the right to fire and hire, promote or demote, review upward or downward, and draw attention to other organizations (Read and Shapiro 2014). At the same time, given his wealth and significant contribution to the philanthropy, he holds a certain respect and power to the government in that he can influence a decision to go his way. Power, in this case, can be used to ensure things go in the desired way in organizations and that managers carry out the schedules according to plan and vision of the company (Northouse 2015). At the same time, the powers are used in winn ing key bids in the government tenders and maintaining a constant monopoly within some sectors of the economy. The powers bestowed upon him are all out of merit and emanating from different sources within the organization and the nation. The financial wealth he has makes him command several aspects in the government which all act in favor of his business. Thus, power is earned and can be used to influence several aspects as observed in the case. Slims decision to boost or give towards a certain cause might assist the government and other entities, thus illustrating the power he has and the reward factor he possesses (Haller and Hogg 2014). Therefore, power can be equated to influence, since the two go hand in hand. Conclusion The report comprehensively looks into the key issues in the case study and comes up with distinct responses to the same. The personal philanthropy of Carlos has successfully been linked to his business, where necessary justification has been given to prove the ethical aspect of it. At the same time, it has been able to identify and offer an explanation to the leadership styles associated with Carlos and the key issues essential in understanding his approaches in different circumstances. The issues touching on the motivation factor on employees have been carefully examined leaving no doubt on their practicability in the case study and also in the present day workplaces. 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