COURSE DESCRIPTION This course provides a foundational perspective for ethics and social responsibility in relationship to individuals, organizations, and the community. Emphasis is placed on the inter-related nature of ethics, morality, legal responsibility, and social issues Week 1 - Topic 1: Ethical and Moral Perspectives Objectives Describe the difference between ethics and morality. Compare major ethical theories. Explain the relationship between virtue, values, and moral concepts. Materials
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dynamics and discuss how teams are managed across cultures. CHAPTER SUMMARY Chapter 15 examines the behavior of managers and employees in different cultures, and the impact of managerial behavior on international business. The chapter begins with a discussion of Hofstede’s work concerning individual behavioral differences, and then relates his ideas to motivation, leadership, and decision making. Finally, issues related to creating and managing cross-cultural teams are discussed. INDIVIDUAL
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trend of economic integration across border that allows businesses to expend beyond their domestic boundaries. It means that the companies are no longer limited by their countries and may conduct their business anywhere in the world, which produce numerous effects on management such as how management localization, global coordination, managing global talent and global performance management. To develop and manage a global organization implies developing and managing people who can think, lead, and
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1. What are some of the issues the host foreign country could face as a result of the expansion? Plans to introduce an expansion into a country must address a mass amount of issues by the host country. The factors affecting a nation's rate of utilization and absorption of technologies include both external and internal ones. Internal factors are comprised of the obtainable human and physical resources, the country's infrastructure, and its growth rate and state of development the host country
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emerging competitive environment, the ultimate success of the single business will depend on management’s ability to integrate the company’s intricate network of business relationships [1–3]. Increasingly, the management of multiple relationships across the supply chain is being referred to as supply chain management (SCM). Strictly speaking, the supply chain is not a chain of businesses with one-to-one, business-to-business relationships, but a network of multiple businesses and relationships. SCM
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Functional Organization : Functional Organization contains specialized units that report to a single authority. Specialized units contain personnel with various but related skills grouped by similarities. Each unit handles one aspect of the product or service provided. Management is responsible to coordinate and mash all units’ efforts. Pros: Simplicity - Focus on a single product or service. Stablity - Business strategies are less inclined to need changes or updating. Specialization - Employees
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Explain how reward systems vary between countries. How would consultants use this knowledge to enhance the success of their cultural awareness pursuits? A reward system is one of the motivational option within an organization. Within my organization monetary and recognition rewards are given on a yearly bases to employees within the five offices around the world. This reward is accompanied by monetary compensation, a dinner, and glass plaque to recognize the employees who has gone above and beyond
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+1-973-410-7602 pat.houston@booz.com New York Robert Hutchens Partner +1-212-551-6499 robert.hutchens@booz.com Booz & Company INtrOductION By now, most companies have ridden one or more strategic sourcing waves that have collectively saved their organizations billions of dollars. Yet even after having benefited from these initiatives, the average company still leaves on the table unrealized savings equaling 5 to 10 percent of its total spending. These savings are not lost because of ill-conceived strategies
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1. Given two profit making organizations, one a manufacturer of widgets and the other a financial analysis firm, would your approach to managing the workforce of each be the same or different. Explain. I will use different types of organizational structure for two companies. Company manufacturing widgets (Ford): I will use functional structure to manage the workforce in Ford Company because of the following reasons: (1) Benefits of Specializations: The whole company is divided into many
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Personal Responsibility Even though not everyone’s priorities are the same, it is about taking accountability for ones own behavior because managing ones emotions and actions is about treating yourself with respect. Webster’s dictionary defines personal as “Concerning or affecting a particular person or his or her private life and personality; Ultimately, each individual is responsible for his or her behaviors’” and responsibility as “The social force that binds you to the courses of action demanded
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