SOC 503 Chapter Notes -Organizational Ethics, Master Data Management, Netflix

• School: Ryerson University
• Department: Sociology
• Course: SOC 503
• Professor: Margaret Buckby

Document Summary

The role of accounting information in ethical management decision making. Identify the types of control systems that managers use. Lo1 describe the process of strategic management and decision making. Lo3 explain the role of accounting information in strategic management. Lo4 explain the information systems and information that is relevant for decision making. Lo5 describe how business risk affects management decision making. Lo6 appreciate how biases affect management decision making. Lo7 determine how managers make higher quality decisions. Lo8 explain the importance of ethical decision making. These learning objectives (lo1 through lo8) are cross-referenced in the textbook to individual exercises and problems. Organizational vision is the core purpose of the organization and shapes the current organization and its future. Decisions about the organizational vision are important because they communicate to employees and other stakeholders the overall direction of operations. Core competencies are the strengths of the organization relative to competitors.