A Concise Intro To Logic
A Concise Intro To Logic
12th Edition
ISBN: 9781305147775
Author: Hurley
Publisher: Cengage
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How to respond to this in 100 words?  Ethics and strategic management relates because both weighs heavily on making sound decisions for the business and being held accountable for individual at risk behaviors. One benefit of utilizing ethics in an organization is that it creates a trustworthy environment in which the company has confidence in their employees to do the right thing. Another benefit for utilizing ethics is having high performing employees who have regards for both the business aspect of the company and possessing the responsibility for making solid moral decisions. “Managerial ethics refers to an individual’s responsibility to make business decisions that are legal, honest, moral, and fair” (Parnell, 2017, p. 116). For managers, it is also their moral responsibility to make sure that employees are in compliance with their work obligations and conduct themselves in a professional manner. “As a consequence, management needs to confront the challenge of balancing the…
Delegation of authority is a fundamental principle in effective management, allowing managers to distribute responsibilities and decision-making powers to their subordinates. By delegating tasks and authority, managers can focus on higher-level strategic activities, while empowering employees to take ownership of their work and develop valuable skills. Effective delegation involves identifying suitable tasks for delegation, selecting the right individuals based on their skills and capabilities, and providing clear instructions and support. It also requires trust and confidence in the abilities of subordinates, along with ongoing communication and feedback to ensure accountability and success. When done correctly, delegation of authority not only increases productivity and efficiency but also fosters employee growth and motivation.   Question: How can managers strike a balance between empowering employees through delegation and maintaining appropriate oversight to ensure tasks are…
Imagine you are the new Head of Learning and Development. Which department should be involved in this following case?    The senior managers of a large financial institution recognize the importance of training and development for their staff. They have a clear policy that not only should staff be trained and developed to meet the licensing and legislative requirements that apply to their area of business, but that staff should also be encouraged and enabled to engage in other appropriate development activities. The middle managers, who largely look after staff performance and development, all welcome this policy. They have made it clear to all of their staff that development opportunities are available and can be applied for at any time. Many individual managers have therefore put together a list of courses that they think might be of interest to their staff, and make these available to staff so that individual members of staff can pick-and- mix the courses that they feel they would…
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