Managerial Ethics

Replacing full-time workers with part-timers, a strategy widely considered unsuccessful at Home Depot.

A prominent figure in modern management theory, known for his contributions to mass production and assembly line techniques.

JC Penney's former CEO hired to revitalize the retailer's image and boost sales.

Ron Johnson's strategy for JC Penney, eliminating sales, promotions, and coupons to offer consistent pricing.

The forces driving change in organizations, encompassing technological advancements and global interconnectedness.

A central challenge for leaders, requiring effective strategies to adapt to evolving environments.

The development of new products and/or processes enabled by technological innovation.

The study of moral principles and values that determine right and wrong behavior in business.

A branch of philosophy exploring moral issues, focusing on concepts of good and bad, right and wrong.

A situation with competing moral options, requiring careful consideration and decision-making.

A decision that contradicts stated ethical beliefs or values, often resulting in negative consequences.

Nike's response to accusations of unethical labor practices involving sweatshops, encompassing initiatives like improved factory conditions and worker benefits.

Different approaches to ethical decision-making based on maximizing collective well-being, respecting individual rights, and ensuring fairness.

Factors that influence the moral intensity of a situation, including the severity of potential consequences and social agreement on the wrongfulness of an action.

A management perspective focused on maximizing profits and shareholder value, emphasizing efficiency and cost-effectiveness.

A management perspective that emphasizes corporate social responsibility, recognizing a company's obligations to society and the environment.

Peter Drucker's five core managerial tasks, encompassing goal setting, organizational structure, motivating teams, performance measurement, and employee development.

Joseph Schumpeter's concept of entrepreneurs as individuals who create new businesses, taking risks to achieve growth and profit.

Joseph Schumpeter's concept of innovation leading to new products, industries, and sometimes the displacement of existing leaders.

Henry Mintzberg's classification of managerial roles into interpersonal, informational, and decisional categories.

The study of moral principles and values that determine right and wrong behavior.

F.W. Taylor's approach to management emphasizing scientific analysis of tasks, standardization of work processes, and efficiency gains.

The willingness to learn new skills and knowledge, adapting to changing circumstances and pursuing opportunities.

The process of increased interconnectedness of markets, nations, and technologies through global flows of trade, investment, and capital.

A group of emerging economies: Brazil, Russia, India, and China, characterized by large populations and economic growth.

Classifications of economies based on their level of development, capital markets, and economic growth.

A learned set of assumptions, values, beliefs, and behavioral norms shared by a group of people, influencing their behavior and interactions.

Types of social norms, with folkways being informal customs and mores being strong moral rules.

A cultural dimension measuring the level of acceptance of power and authority differences within a society.

A way of communicating where meaning is largely derived from implicit understanding and shared social context.

A way of communicating where meaning is explicitly stated through words and clear language.

Societies emphasizing individual goals, self-reliance, and personal achievements.

Societies emphasizing group goals, collective responsibility, and strong social bonds.