TAILIEUCHUNG - Lecture Introduction to management - Lecture 13

After studying this chapter you will be able to understand: How managers can improve ethics in organization? Being an ethical decision maker, decision making, stages of decision making, rationality & bounded rationality. | Introduction to Management LECTURE 13: Introduction to Management MGT 101 1 Introduction to Management In lecture 12 we discussed Topic from Chapter 5: How managers can improve ethics in organization ? 2 Introduction to Management Today in Chapter 5 we will discuss Being an Ethical Decision Maker And in Chapter 6 we will discuss Decision Making Stages of Decision Making Rationality & Bounded Rationality 3 Introduction to Management (Chapter 5) Chapter 5: Social Responsibility & Managerial Ethics 4 Introduction to Management (Chapter 5) Being an Ethical Leader 5 Introduction to Management (Chapter 5) 6 Be a good role model by being ethical and honest. ° Tell the truth always. ° Don’t hide or manipulate information ° Be willing to admit your failures. Introduction to Management (Chapter 5) 7 Share your personal values by regularly communicating them to employees. Stress the organization’s or team’s important shared values. Use the reward system to hold everyone accountable to the values. Introduction to Management (Chapter 5) 8 Managing Ethical Lapses and Social Irresponsibility Provide ethical leadership Protect employees who raise ethical issues (whistle-blowers) Introduction to Management (Chapter 5) 9 Businesses Promoting Positive Social Change Corporate Philanthropy Campaigns Donations Funding own foundations 9 Introduction to Management (Chapter 6) Chapter 6: Managers as Decision Makers 10 Introduction to Management (Chapter 6) Decision Making 11 Introduction to Management (Chapter 6) 12 Decision Making a choice from two or more alternatives. Introduction to Management (Chapter 6) 13 The Decision-Making Process Identifying a problem and decision criteria and allocating weights to the criteria. Developing, analyzing, and selecting an alternative that can resolve the problem. Implementing the selected alternative. Evaluating the decision’s effectiveness. Introduction to Management (Chapter 6) 14 Introduction to Management (Chapter 6) Identifying the Problem 15 .

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