The role of the CEO in many companies is crucial as this person can manage the world of others and motivate them during the process of achieving goals. UN Global Compact is one of the fast-developing voluntary organizations which allows small businesses to understand the set of motion changes that can be introduced by professional CEOs (United Nations Global Compact, n. d.). Companies can communicate with potential stakeholders without additional costs by allowing investors to become more popular around small firms. Therefore, one of the common types of voluntary promotion became leadership surveys where owners of businesses could share their ideas and receive feedback from existing stakeholders.
UN Global Compact is interested in the activities of CEOs of different companies to ensure that the problems of sustainability and social issues are raised in the companies and that some solutions are applied. CEOs have transformational roles by influencing other workers and stakeholders (Zuraik & Kelly, 2019). Leading CEOs prefer to work with different external organizations to cope with existing problems. Environmental issues are related to many businesses worldwide, and by making an impact, leaders of firms can receive additional funding. Therefore, prominent CEOs consider spending more time on an understanding of the work of the UN Global Impact. The relevance of the voluntary organization is massive to two main aspects, which are business operation and society. By following the latest trends, companies may receive funding and stay protected from bankruptcy. The desire to protect businesses and improve the quality of life of existing and potential clients can decrease the number of problems occurring in society.
In conclusion, UN Global Compact is a fast-developing voluntary organization that helps to build a clear communication between owners of small business and shareholders in the role of investors and customers. Young and transforming firms can consider collaborating with this organization to protect operations and understand how they might succeed in the future. This goal can also make an impact on society and increase client loyalty.
References
United Nations Global Compact (n.d.). About the UN Global Compact. United Nations Global Compact. Web.
Zuraik, A., & Kelly, L. (2019). The role of CEO transformational leadership and innovation climate in exploration and exploitation. European Journal of Innovation Management. Web.