executives in a dilemma for the appropriate management style. Thus, this paper compares and contrasts the merits of the two theories in relation to the company executives’ responsibilities. 2.0 Theories at work 2.1 Decision-making in the stakeholders and shareholders theories. A stakeholder approach to management will help a business executive make the right decision quickly. One thing the stakeholder theory advocates is the inclusion of crucial stakeholders such as employees in a decision-making process
Words: 3493 - Pages: 14
power, moral clarity, and punishment across multiple studies. Individuals with an increased sense of power advocated more severe punishments for transgressors than did those with a diminished sense of power. Further, moral clarity mediated the link between power and severity of punishment. We discuss the implications of these findings for managers in organizations and researchers interested in punitive reactions to moral transgressions. Ethical standards of professional conduct often are implicit
Words: 14855 - Pages: 60
regards to different and challenging situations. Several aspects of leadership determines how effective a leader is. This includes leadership style, power and influence, motivational techniques, team and organisational culture, ethical values, personality traits and managerial intelligence. This report analyses a figure in a senior position of a secondary school with regards to the important principles of leadership. Each leader has his or her strengths and weaknesses. If strengths are used correctly
Words: 3656 - Pages: 15
for Ethical Decision Making in Business: Reasoning, Intuition, and Rational Moral Principles Jaana Woiceshyn Received: 11 February 2011 / Accepted: 16 May 2011 / Published online: 28 May 2011 Ó Springer Science+Business Media B.V. 2011 Abstract How do business leaders make ethical decisions? Given the significant and wide-spread impact of business people’s decisions on multiple constituents (e.g., customers, employees, shareholders, competitors, and suppliers), how they make decisions matters
Words: 10524 - Pages: 43
jcc23black.qxd 21/11/06 1:01 pm Page 25 Corporate Social Responsibility as Capability The Case of BHP Billiton Leeora D. Black Australian Centre for Corporate Social Responsibility; and Faculty of Business and Economics, Monash University Corporate social responsiveness is what companies do in order to be socially responsible. This paper presents a case study of social responsiveness at the global mining firm BHP Billiton to illustrate a model of social responsiveness capabilities
Words: 6245 - Pages: 25
Contents Case Summary 2 Affected Stakeholders 3 Ethical Dilemma 4 Why would a $500,000 salary cap prompt personnel to leave for other banks? 5 Was stripping of Lewis’ chairmanship a significant move on the part of BoA shareholders? 6 How could Thain justify spending $1.2 million on his office when Merrill Lynch was on the verge of bankruptcy? 7 What did Ken Lewis hope to gain by claiming that he was “pressured” into completing the Merrill Lynch deal? 9 Of all decisions made by Ken
Words: 3144 - Pages: 13
information for planning, control, and decision making. Topics include management control systems; results controls, action, personnel and cultural controls; control system tightness; control system cost; designing and evaluating management control systems; financial responsibility centers including transfer pricing; planning, and budgeting; incentive systems; financial performance measures; the myopia problem; uncontrollable factors; corporate governance; and ethical issues. | Educational Objectives/Outcomes
Words: 7415 - Pages: 30
Continuum theory to decision making by nurse managers Student Name: Institutional Affiliation: 10th October, 2014 Introduction Decision making may in this case be expressed as a route of selecting an alternative that is more likely to facilitate the achievement of organizational or individual goals (Bjork & Hamilton, 2011). The nursing practice has moved towards full evidence-based implementation of care which as a result enhanced the call for proper creation of decision within nursing. However
Words: 1952 - Pages: 8
Managing Ethical Decision Making in the Workplace James E. Gleason BUS 275-H01 Calhoun Community College Abstract Business leaders struggle to balance the desire for profit and maximum shareholder return with corporate ethics and social responsibility. Unfortunately, short-term financial bottom line has taken the place of maintaining strong moral character in today’s business practices. In the United States alone, about two-thirds of the top corporations have been guilty of some type of corporate
Words: 2351 - Pages: 10
MGS 4000 VERSION 1.1 MGS 4000 Managerial Decision Making: Fall 2015 INSTRUCTOR: Dr. Sangbum Ro- Managerial Science Department RCB, 10th Floor, Room 1029 sro@gsu.edu (*indicate class code in the subject line) Office Phone: 404-413-7526 CLASS INFORMATION: MGS 4000-015 (Corresponding CRN 87347) Wed, 4:30 – 7:00 pm CLASSROOM: Aderhold Learning Center (Adhold) 212 OFFICE HOURS: Th: 1:30 pm – 4:30 pm or by appointment (email) 1 MGS 4000 VERSION 1.1 TENTATIVE COURSE
Words: 2305 - Pages: 10
