ADMS 3660 Midterm: Adms 3660 Final Exam Quick Notes.pdf
24 Feb 2015
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Quick notes: ethics is the study of morality. Values shape one s ethics: elements of moral judgement: powers and vogel: 1. moral imagination 2. Integration of managerial and moral competence: a sense of moral obligations, a pluralistic society is one in which there is a wide decentralization and diversity of power concentration. Influenced also by affluence, awareness, education, rising expectations, entitlement mentality, rights movements, victimization philosophy: levels of power: epstein identified four such levels: macro level refers to the corporate or business system, the totality of business organizations. Power here emanates from sheer size and dominance of the corporate system. Level: refers to several firms or a group of corps acting in concert in an effort to produce a desired effect like raise prices, control prices, dominate purchasers, pass or defeat legislation. Individual level; refers to the individual corporate leader exerting power.
