ADM 3318 Lecture Notes - Lecture 22: Decision-Making

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Importance of technology for business
New products and services
Presence of a global bandwidth organizationally
Smaller companies push to develop technology, products services
Freezing out competition
Easy to go global and monetise brand and skills - licensing, relative production,
enhanced productivity
Fundamental reduction in cost, job design
Business and Ethics
Ethics of business
Business practices
Employment practices
Equal pay, gender equality, culture diversity, work hours, conditions
of work
§
Human rights
Class, caste, nation, discrimination
§
Ecology, environmental issues
Pollution, testing
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Corruption, fraud
Bribery, adjustments, politicking and favours
§
Unfair and "illegal" practices
Unethical - 'parts' trade
§
The core of unethical behaviour
Culture
Personal/individual ethics
Leadership and direction
Performance goals
Decision making process
Risk on product quality
Unreliable, no trust
08:44
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