ethical code guide the behaviour of managers in a decision-making scenario. In the light of this statement dicuss the role and relevance of managerial ethics .
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- Ethical code in business guide the behaviour of managers in a decision-making scenario. In the light of this statement dicuss the role and relevance of managerial ethics .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?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?
- What are the ethical challenges and responsibilities associated with management, and how do they impact decision-making?Discuss the concept of ethical leadership and its significance in promoting ethical behavior within organizations. How can managers integrate ethical considerations into decision-making processes?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?
- According to this case study, what are the CEO bias's that may have entered the decision making process?What are the basic characteristics of managerial decision-making?List the factors that influence managers’ decision-making processes in an organization, in situations where the assumptions of perfect rationality do not apply.
- Explain,, How can participative management be effectively integrated into hierarchical organizational structures, and what strategies can organizations employ to bridge the gap between top-down decision-making and employee involvement?Describe the behavioural nature of decision making. Be certain to provide some detailsand examples about political forces, intuition, risk propensity, ethics, and escalation ofcommitment in your description.We learned about four different decision-making approaches in this week’s readings and lectures. They are rational approach, bargaining approach, public choice approach and participative approach. Identify the public organizations that handled the COVID-19 pandemic. How did public organizations handle the COVID-19 pandemic describe the decision making process, which decision-making approach is similar to the approach they used and why? What are the strengths and weaknesses of the decision-making process? Identify at least one strength and one weakness. Please provide two suggestions to improve the organization’s decision-making quality and explain why.