BUSI 5301 Lecture Notes - Lecture 9: Ombudsman, Learning Organization, Organizational Culture
A culture of discipline: level 5 leadership, right values, right people in the right jobs, knowing where to go. Strong organizational culture, encouraging change and adaption, is a characteristic of a learning organization. Often when organizations are successful, the values and practices that brought them success become institutionalized, and create a culture that prohibits the company from adapting to environmental change. Three values characterize an adaptive culture in a learning organization: the whole is more important than the part and boundaries between parts are minimized, equality is a primary value, the culture encourages risk taking, change, and improvement. There is overlap between legal requirements and ethical standards, but they are also two distinct and separate notions. Ethics- the code of moral principles and values that govern behaviour. Rule of law- comes from codified principles and regulations describing acceptable behaviour. Managerial ethics- principles that guide the decisions and behaviours of managers as to the right or wrong in a moral sense.