Unit2
Unit One Individual Assignment
Terrance Rowland
Kaplan University
GB601-03N: MBA Capstone
Professor: Richard Rowlett
November 11, 2013
Unit One Individual Assignment
Decision Making Ethics in the Current Marketplace
In examining the correlation between the manner in which we conduct business and the principles to which we personally ascribe, it is undeniable that we are inextricably impacted by our respective familial upbringings, social environments and academic influences. Because values play such an important role in our lives, being able to recognize, understand and articulate one’s own values set becomes critical in sound decision making. Additionally, the ability to identify an employer’s corporate values will assist in determining an employee’s job performance and allegiance. Consequently, when an individual discovers genuine and meaningful alignment between his or her own personal values with those of his or her employer, a powerful connection is created. This connection creates numerous possibilities for both individual growth and company productivity, manifested in myriad ways. Some of the biggest challenges of values based business decision making ethics in the current marketplace are trying to obtain the following:
Loyalty and Respect: The fusion of personal values with a company’s expressed work ethic may result in the development of greater employee loyalty and respect for the organization. In today’s world, attrition from the workplace has become increasingly problematic. The need to generate employee enthusiasm and dedication to product produced or service rendered is of utmost concern to retain the employee and infuse passion in those services delivered by the employer. There has been a long held maxim that if an employee truly believes in the work that he or she performs for an employer, that employee will be invigorated to create a necessary, safe and beneficial service or product with pride, dedication
Terrance Rowland
Kaplan University
GB601-03N: MBA Capstone
Professor: Richard Rowlett
November 11, 2013
Unit One Individual Assignment
Decision Making Ethics in the Current Marketplace
In examining the correlation between the manner in which we conduct business and the principles to which we personally ascribe, it is undeniable that we are inextricably impacted by our respective familial upbringings, social environments and academic influences. Because values play such an important role in our lives, being able to recognize, understand and articulate one’s own values set becomes critical in sound decision making. Additionally, the ability to identify an employer’s corporate values will assist in determining an employee’s job performance and allegiance. Consequently, when an individual discovers genuine and meaningful alignment between his or her own personal values with those of his or her employer, a powerful connection is created. This connection creates numerous possibilities for both individual growth and company productivity, manifested in myriad ways. Some of the biggest challenges of values based business decision making ethics in the current marketplace are trying to obtain the following:
Loyalty and Respect: The fusion of personal values with a company’s expressed work ethic may result in the development of greater employee loyalty and respect for the organization. In today’s world, attrition from the workplace has become increasingly problematic. The need to generate employee enthusiasm and dedication to product produced or service rendered is of utmost concern to retain the employee and infuse passion in those services delivered by the employer. There has been a long held maxim that if an employee truly believes in the work that he or she performs for an employer, that employee will be invigorated to create a necessary, safe and beneficial service or product with pride, dedication
References: Cadotte, Ernest R. & Bruce, Harry J. (2003). The Management of Strategy in the Marketplace. Cincinnati, OH: South-Western College Publishing. Lam, M. (2013). Why your company needs social customer care. Retrieved from, http://web.telusinternational.com/blog/why-your-company-needs-social-customer-care World Trade Consultant (n.d.). Political risk insurance. Retrieved from, http://www.worldtradeconsult.com/political-risk.php