25. Through this management principle, HenriFayol advises managers to showexemplary conduct, and warns them not tobe tempted to abuse their powers forpersonal gain at the expense of theorganization's general interest. Whatmanagement principle is described in theStatement above?All options are wrongOrderDecentralizationEquity

In an organization, there are different roles and responsibilities based on the degree of skills and…

Answered: 25. Through this management principle,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

For this assignment, you are expected to demonstrate an analytical knowledge and critical understanding of different ethical perspectives, including ethical business objectives. In doing so, you are required to find and present three crucial ethical issues that have been faced by actual organizations through the years (such as equality at the workplace, racial and sexual harassment, corporate sustainability, corporate governance, corporate citizenship, environmental sustainability and/or globalization) and explain why it is essential for a management team to handle them.
In 5 sentences, how would you best characterize ethics?
In the agency view of management, the goals of business are predominately financial ethical actions by firms are often perceived as discretionary, if they aren't required by law stockholders serve as the agents of management both the goals of business are predominately financial, and ethical actions by firms are often perceived as discretionary, if they aren't required by law. all of these - the goals of business are predominately financial, ethical actions by firms are often perceived as discretionary, if they aren't required by law, and stockholders serve as the agents of management.
2. Professional ethics and end-of-year actions Janina Reyes is the new division controller of the dessert division of Specialty Foods. The company has reported a minimum 20% growth in annual earnings for each of the past five years. The dessert division has reported annual earnings growth of more than 22% each year in this same period. During the current year, the economy went into a recession. The corporate controller estimates a 12% annual earnings growth rate for Specialty Foods this year. One month before the December 31 fiscal year-end of the current year, Reyes estimates the dessert division will report an annual earnings growth of only 7%. Raymond Arellano, the dessert foods division president, is not happy, but he notes that “the end-of-year actions” still need to be taken. Reyes makes some inquiries and is able to compile the following list of end-of-year actions that were more or less accepted by the previous division controller: a. Deferring December’s routine monthly…
Distinguish between the stakeholder theory and the agency theory in Corporate Governance.
Philips in Victoria was experiencing severe state problems and falling productivity levels. Management was increasingly concerned over inadequate quality control, poor labour relations and an unsettled workforce with low morale. Compounding this, was an annual labour turnover of 120 percent, rising labour and capital charges and significant tariff reductions.Adopting the participative approach of its parent company in Holland, Philips management held protracted discussions with its workers and their unions. They jointly decided that a massive work-restructuring program should be implemented. Radical changes to work methods, the physical and social environments and the decision-making procedures in the factory were instituted.The old production lines were a major source dissatisfaction among the workers. Each operator placed a small number of electronic components in a television set which moved past on a conveyor belt. This made it boring, unchallenging, lonely and inordinately tedious…
Although Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--
Many countries use "bribes" as a way of doing business. We do not have global standards for safety, ethics, or cultural customs. When custom and culture clash with ethical standards and moral values, should the national culture or the company code of ethics be the controlling factor? Which should take precedence?
Dworkin cites an argument against the utilitarian thesis of Mill (sometimes by other utilitarians) that there is no proof that the “mass of adults are so well acquainted with their own interests and so much disposed to pursue them that no compulsion or restraint put upon them by any others for the purpose of promoting their interest can really promote them.” What does this criticism of Mill’s thesis mean? Explain.
Princess Cruise Lines was fined 40,000,000 for illegal dumping of oil-contaminated waste from the Caribbean Princess cruise ship. Dating back to 2005. The upper management permited the illgal activty. Who benfits and suffers for management decesion?
Provide examples of abuses that can occur when a person is in a position of power. Are whistle-blowers a friend or foe to an organization? An individual speaks up and helps protect the organization through harm. Some employees refer to him as “the snitch.” What means can you ensure that the employee is protected from harm?

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS

25. Through this management principle, Henri Fayol advises managers to show exemplary conduct, and warns them not to be tempted to abuse their powers for personal gain at the expense of the organization's general interest. What management principle is described in the