Responsible Leadership: A New Paradigm for Organizational Sustainability

Responsible leadership (RL) is becoming prominent and a new concept with growing interest as a creator of value-based relationships with all the stakeholders within and outside the organization. The traditional outlook of RL is where a leader was portrayed as a powerful individual demarcated significantly from the rest of others in the organization in terms of knowledge and capability. We emphasize the role of leadership that changed the business view from a shareholder concept to a wider relationship of all the stakeholders for economic, environmental and societal advancements. RL is built on an ethical framework and our approach towards the necessity of leadership is in terms of responsibility and accountability for organizational sustainability and overall development. Finally, a conceptual model is proposed on RL, describing the multiple dimensions leading to the outcomes in the changing business world.