Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 4.5, Problem 1CC
How can employee diversity give a company a competitive advantage?
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Discuss how personal ethical values, such as those held by Jane Harris, and corporate ethical values can influence business decisions at GlobalTech. Provide examples from the scenario where conflicts between personal and corporate ethics versus local business practices arise.
- Provides a clear definition of personal and corporate ethical values and their relevance to business decision-making.- Discusses how Jane Harris's belief in ethical universalism influences her decision- making. Examples from the scenario are well integrated.
- Explains the role of corporate ethics at GlobalTech, particularly around sustainability, fair wages, and safe working conditions. Discusses how these values shape business policies and practices.
- Summarises the influence of personal and corporate values on decision-making and how ethical conflicts may affect a multinational business like GlobalTech.
- The discussion is logically structured, with clear argumentation and a coherent flow of ideas.
You will explain what it is, Benefits, Threats, and Ethical Challenges.
Explore strategies entrepreneurs and business leaders can use to balance ethical relativism and universal ethical principles when operating across diverse cultural landscapes, as illustrated by GlobalTech’s expansion into a developingcountry.
-Provides a clear explanation of ethical relativism and universal ethical principles and why they are important in cross-cultural business operations.
- Identifies and thoroughly explains at least three strategies to balance these ethical approaches. Application of examples from the scenario is key, especially in balancing cost savings with ethical standards.
- Examines the challenges faced by GlobalTech and similar businesses in aligning local practices with global ethicalstandards, highlighting possible outcomes of choosing one ethical stance over another.
Chapter 4 Solutions
Principles of Management
Ch. 4.1 - Define the components of the internal and the...Ch. 4.1 - What factors within the economic environment...Ch. 4.1 - Why do demographic shifts and technological...Ch. 4.2 - What factors within the economic environment...Ch. 4.2 - Why do change and shifts and technological...Ch. 4.3 - Why does the matrix structure have a dual chain of...Ch. 4.3 - How does a matrix structure increase power...Ch. 4.3 - What are advantages of a formal committee...Ch. 4.4 - Identify the six major organizational structures.Ch. 4.4 - Explain the McKinsey 7-S model.
Ch. 4.5 - How can employee diversity give a company a...Ch. 4.5 - Explain the concept of hiring for fit as it...Ch. 4.5 - What are some organizational issues that must be...Ch. 4 - Explain how several current environmental forces...Ch. 4 - What are ways to classify and describe how...Ch. 4 - What are a few industries and/or organizations...Ch. 4 - What are some major differences between organic...Ch. 4 - Which organization would you work best in, an...Ch. 4 - What are some advantages and disadvantages of...Ch. 4 - Do you think its true that every organization has...Ch. 4 - Why have functional structures been criticized for...Ch. 4 - What are some advantages and disadvantages of...Ch. 4 - How is a product structure one type of a...Ch. 4 - What are some disadvantages in working in a matrix...Ch. 4 - What advantages do matrix structures have compared...Ch. 4 - What advantages do geographic structures have...Ch. 4 - What are issues that working in a networked team...Ch. 4 - In what ways is a virtual organization and...Ch. 4 - What major trends discussed at the end of this...Ch. 4 - What purposes does an organizations culture serve...Ch. 4 - How does Exhibit 4.16 facilitate an understanding...Ch. 4 - What happened at Wells Fargo with regard to past...Ch. 4 - What internal dimensions of the company were part...Ch. 4 - How might the organizational structure of the...Ch. 4 - Identify and use relevant concepts from this...Ch. 4 - Suggest some solution paths the company might...
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