How will it make me feel about myself? (Understanding Business, pg. 93-94). In My mind I don’t think its legal, I have the company’s best interest at heart. I am Thinking that I would feel he is using sources and company money to better himself.
C. improve the performance of people. D. improve the quality of overall work life. 4) Which of the following statements about the management of organizational culture is NOT correct? A. dictate rules from the top of the organization. B. corporate culture can be managed by directly modifying the observable culture, shared values, and common assumptions that deal with issues of external adaptation.
What do you think are the most significant ways that organizational culture is beneficial? A liability? Be sure to provide specific examples. In what ways is organizational culture beneficial or a liability in your organization? MGT/311 WEEK 4 DQ 2 DQ2: An effective manager accepts the political nature of organizations.
Mohamed Diakite Difference between Friedman and Freeman. Friedman states that the purpose of a business is to maximize profits while adhering to law and ethics. Primarily, this argument is based on the notion that corporations, as legal persons, cannot have responsibilities like natural persons. Secondary, Friedman’s argumentation is based on the principle of ownership and employment. By not complying with the duty of serving the owners’ interest a manager would allocate resources artificially and arbitrarily.
Explain why this is true V. Your Synthesizing Statement/Conclusion (do not include details in your conclusion) A. Synthesize specific causes of controversy, overview of topic (highlight) B. Transition from specific to “general” – how this
Scholars such as Friedman suggest that treating the economic responsibility as the most important responsibility of a business, is called a profit-maximising view, and “the social responsibility of a business is to increase its profits.” This kind of view states that a company should be operated on a profit-orientated basis, with its sole mission being to increase profits. This approach would seem to benefit stockholders, as well as stakeholders, as the stockholder is going to benefit from the profit made by the company and will gain something back from the company, however problems can occur when the businesses and companies do not balance their ethical responsibility, as they can therefore be perceived as greed and unable to balance their corporate social responsibility, and will cause a bad name for a business. So although the stockholder may also be gaining profit by doing this (what the company sees as doing the right thing) is not necessarily the right thing to do in terms of stakeholders. However, Friedman would argue that as long as the business is maximising its profit, that is the main point and so the loss of the stakeholders is less important. This argument can be deemed as weak as Friedman’s approach does not mean that stakeholders can be benefited alongside stockholders, and so disagrees with
From this evidence, it is clear that for an economy to successfully operate a government presence must occur to provide its citizens with a more equitable distribution throughout the entire population, lesson social problems by collecting more taxes to ensure a long term gain, and essentially to protect the rights and freedoms of the “little guy” from the hardships presented when large corporations have control. Ultimately, an effective government, can in no means, be successful with little or no presence. The concept of having a government presence in the economy is vital to lesson social problems such as health care and education, two of the major conflicts occurring in the Untied States where a free market or capitalist economy essentially exists. Here there is little or no government attention paid to help prosper its citizens,
I think that a business leader needs to act and conduct themselves in the best interests of their employees, and clients. This paying of multi million dollars spent on bonus for the executives is a huge ethical dilemma. The tax payers didn’t even get their money back prior the disbursement of the bonuses. This is the type of leadership that is stewardship but with bad unethical decisons As a leader, you can put the needs interests, and goals of others above your own and use your personal gifts to help others achieve their potential. The questionnaire in Leader’s Self: Insight 6.2 enables you to evaluate your leadership approach along the dimensions of authoritarian leadership, participative leadership, stewardship, and servant leadership.
He also believed in these three things. Law of Self Interest, which were that people work for their own good. Law of Supply and Demand, which was that enough goods will be produced at the lowest possible price to meet demand in a market economy and Law of Competition which was that competition forces people to make a better product. His idea, Capitalism, had
Case1 The goals of this case is to Searching for Byte alternative solutions to feed the increasing demand of its products so can it enable the corporation to maintain a market share also the Ethical dilemma regarding the company vs. Plainville , in addition to highlighting the social responsibilities of corporations that are for the most part considering profit maximization as their primary goal. Additionally, illustrating how the outside directors of the board can play an active role by avoiding groupthink and raising genuine concerns over management decisions by using their unbiased judgment and thereby providing efficient leadership to the company. Suggestions for settling the corporation impasse they can to return to the white board, searching for other solutions that capable to soothe the situation and finding way out to this impasse such as buying a small competitor or extending the business , Maybe Bytes Products and the competitor can enter into strategic alliances and building a new plant in the area may not be needed also According to Carroll’s four responsibilities of Business, Byte is already following the first two responsibilities, Economic: producing electronic components to meet the demand so that Byte could repay its stakeholders; Legal: follow accordingly to the regulation of the state. Hence to compromise for the present impasse, Byte has to follow the last two responsibilities which are Ethic and Discretionary. Byte has to tell its potential employees and town administrator about this temporary operation so that they can plan for their set back when the plant closed in the future.