The Ethics of Management
Hosmer’s fourth edition of The Ethics of Management provides business students (future managers) with a very specific analytical process for understanding and resolving moral problems in management. A manager needs insight and understanding in a global economy to convince everyone involved, given his or her varied religious, cultural, economic and social backgrounds, to accept a proposed moral solution. Acceptance of managerial moral solutions, over time, brings trust, commitment and effort, and those three, also over time, are essential for organizational success.
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Moral Problems in Business Management
Moral Analysis and Economic Outcomes
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Alyeska balance basic believe benefits and harms Boston Company buyback capital chapter competitive consequently consumer cooperation corporate customers decision or action decisions and actions demand curve distribution economic outcomes economic theory effort employees environmental ethical duties ethical system Exxon factor markets factors of production fair full society fully Germeten goals Green Giant impacts individuals and groups industry Irapuato junk bonds labor legal requirements leveraged buyout managerial decisions marginal costs marginal utility maximize microeconomic million mission statement moral analysis moral problem moral standards Napster needed nomic normative philosophy norms oil spill organizational organizations Pareto Optimality percent Petoskey political processes pollution Prince William Sound producing firms product markets profits purchase recognize Resistol response RJR Nabisco Ross Johnson rules senior executives Shearson Shearson Loeb Rhoades social standards of behavior supply curve tanker tion trust Unification United Valdez values Wal-Mart workers wrong