r right and wrong, or with moral duty and obligation. It is a standard of behaviour that guides individual managers in their works. In view of this: a. Explain what is meant by organizationa
r right and wrong, or with moral duty and obligation. It is a standard of behaviour that guides individual managers in their works. In view of this: a. Explain what is meant by organizationa
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter5: Managing Ethics And Social Responsibility
Section: Chapter Questions
Problem 1SGB
Related questions
Question
Management Ethics’ is related to social responsiveness of a firm. It is the discipline dealing
with what is good and bad, or right and wrong, or with moral duty and obligation. It is a
standard of behaviour that guides individual managers in their works. In view of this:
a. Explain what is meant by organizational stakeholders, providing TWO (2) examples of
this.
b. Identify the FOUR (4) strategies for managing stakeholders and explain what each
approach entails.
c. Identify and explain THREE (3) ways in which companies can manage ethics by
establishing a corporate culture that emphasizes ethical behavior.
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