BU111 Lecture Notes - Human Geography, Price Fixing, Industrial Revolution
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BU111 Full Course Notes
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Document Summary
Individual standards/beliefs regarding what is right and wrong or good and bad. Standards of behaviour that guide individual managers in their work. Still personal, but you apply them in a professional business setting/organization. Behaviour toward employees: hiring and firing, wages, working conditions, privacy and respect. Behaviour toward the organization: conflict of interest, confidentiality and honesty. Behaviour toward other economic agents: relationship with customers, competitors, stockholders, suppliers, dealers and unions. Manager sets tone, are role models for other employees. Go on record what company believes in. Keep it fresh, keep ethics as a focus of working. Set employee goals high to push people to achieve goals. Must be careful that goals are attainable in a fair manner. What you reward, how you reward people. Important not just to reward results, but also how they met their targets: working together, working for good of company, how they achieved the goals.
