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MBA643 - Week 10 (Alan), image - Coggle Diagram
MBA643 - Week 10 (Alan)
- Explain and define business and
project ethics
understanding of each term: ethics, morals,
and values. (10 minutes)
ethics: is about how we relation are conducted with others (behaviors, code of conduct)
moral:
values: what is important to you (courage, family,
Values
can be defined as a system of
beliefs that affect or govern what an
individual defines or perceives as right,
good, and fair.
Ethics however, involve the application (or acting out) of behavioural norms based on our understanding of what is right or proper in a given situation.
Ethics, values and organisation’s culture
The personal values is different of companie's value can create problems when ignores or does not reflect community expectations
- Describe different types of decisions and the conditions under which they might occur
Programmed decisions are those that occur often enough for staff and managers to develop ‘ decision rules ’ which can be applied routinely in the future each time a similar decision requirement arises. Programmed decision, therefore, are an organisational
To response to recurring issues or problems. When inventories fall to a
Non-programmed decisions, on the other hand, are those that are “made in response to situations that are unique, poorly defined and largely unstructured, and have important consequences for the organisation.” They may involve situations that have strategic
Types of decisions and problems
The main difference between programmed and non-programmed decisions relates to degrees of certainty and uncertainty
Eliminate other options
Ethical decisions (come to Australia for example)
- Describe and discuss a number of different decision making models
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