1. why ethical decision-making is essential in an organization,
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1. why ethical decision-making is essential in an organization,
2. what are the possible effects that ethical violations/unethical behaviors can have on the organization and its stakeholders.
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- What are the ethical considerations that managers should be aware of in their decision-making processes, and how can they promote ethical behavior within their organizations?Managers at some banks and mortgage companies have argued that providing subprime mortgages was based on their desire to give poor people a chance to participate in the American dream of home ownership. Considering ethical approaches to decision-making, what is your opinion of this explanation in terms of ethics and social responsibility?1. Crane and Matten define ethical theories as “the______ and principles that determine right and wrong for a given situation. 2. De George (1999) suggests two extremes in locating a place for ethical theory. What are these two extremes? a) Normative / instrumental. b) Moral / immoral. c) Absolutism/relativism. d) Religious / non-religious. 3. Consequentialist ethical perspectives base their moral judgment on the motivations and/or principles of the actors. a) True b) False 4. Match the major normative theories of business ethics with the rules they employ. a) Egoism = Self-interest b) Utilitarianism = Act or rule utility c) Ethics of duties = Categorical imperative d) Rights and justice = Respect for human beings 5. What, according to Theory, are the main problems with utilitarianism? Please select all that apply. a) Distribution of utility b) Subjectivity c) Limited social acceptability d)…
- MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!What can strategic leaders do to create and maintain a strong organizational culture? What steps can a strategic leader take to establish and maintain ethical practices within his or her organization?Decision-related conflict frequently revolves around an ethical conundrum of some kind. The best way to handle ethical dilemmas, according to Carter McNamara, is to prevent them from occurring in the first place. That is why actions like creating codes of ethics and conduct are so crucial. Employees become more ethically aware as a result of their development, which also lowers the likelihood that unethical behaviour will ever take place. What might have gone wrong if an organization did this and used a good DM strategy but still experienced issues with lingering conflict?What are the leaders of the company lacking? How could something that they are "not getting right" (or not getting at all!) be successfully challenged and corrected?
- how is ethical leadership going to be affected by current and future challengesWhat do you feel is the greatest challenge in the typical workplace for ethical decision-making to take place?Directive: Strategic decisions set precedents for lesser decisions and future actions throughout an organization.Give some of examples?
- 1. Why are policies important? 2. How can managers effectively implement policies within an organization? 3. What is decision making? 4. Explain the different types of decisions and give an example for each type.Subprime mortgages are high-risk, high-cost loans, which banks use to cater to borrower who would not qualify for credit otherwise. Managers at some banks and mortgage companies have argued that providing subprime mortgages was based on their desire to give poor people a chance to participate in the American dream of home ownership. Considering ethical approaches to decision-making, what is your opinion of this explanation in terms of ethics and social responsibility?What is trust, and how does it relate to justice and ethics? In what three sources can trust be rooted? What is the four-component model of ethical decision-making?