STRATEGIC LEADERSHIP AND DECISION-MAKING: ETHICS AND VALUES APRIL‚ 2010 INTRODUCTION Values and ethics are central to any organization. What exactly do we mean by values and ethics? Both are extremely broad terms‚ and we need to focus in on the aspects most relevant for strategic leaders and decision makers. What we will first discuss is the distinctive nature of ethics; second‚ we will take a look at work ethics; third we will look into strategic leadership and decision making; fourth we take a
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Paper 4 - Working Capital Management and Firm Performance Working Capital Management and Firm Performance: An Analysis of Ghanaian Oil Marketing Firms Solomon Kwasi Kyei University of Ghana Business School solokyei@ymail.com Purpose: Businesses face ever increasing pressure on costs and growing financing requirements as a result of intensified competition in globalised markets. Many of them therefore consider ways of making themselves more efficient. In identifying possible options it is easier
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members who jointly oversee the activities of a company or organization. It is the most important decision-making body in a corporation. It has very defined roles and responsibilities within the business organization. Essentially it is the role of the board of directors to assess the overall direction and strategy of the business. It is solely responsible for approving major strategic and financial decisions‚ such as mergers and acquisitions and changes in capital structure‚ and also for the most important
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1.) ‘The free market is the most efficient way of allocating resources in Singapore.’ Do you agree? Every society in the world‚ including Singapore faces the basic problem of scarcity. I.e Allocating resources occurs because there is unlimited human wants and limited resources‚ hence the problem of scarcity derives. There is three basic choices to be made: What‚ How‚ and for Whom to produce. Where the choice of what to produce is dependent on product prices‚ Product prices are determined
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Chapter 11 – Decision Making What is Decision Making? * Decision making – the process of developing a commitment to some course of action * Can also be described as a process of problem solving * Problem – a perceived gap between an existing state and a desired state Well-Structured Problems * Well-structured problems – a problem for which the existing state is clear‚ the desired state is clear‚ and how to get from one state to the other is fairly obvious * Decision making takes time
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crisis. I create two categories of firms; one with financially constraint and unconstraint firms classified on their size and one with financially constraint and unconstraint firms based on the de size of their dividend payments. Unconstraint firms do not manage their cash holdings in normal conditions‚ but when conditions deteriorated during the crisis also unconstraint firms had to decrease their cash holdings to absorb the negative macro economical shock. When perceived counterparty risk increased
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assess the Somatic Marker Hypothesis It is a well known fact that decision making has become an important interest in the recent years in psychology. There are a lot of theories to provide sufficient information to understand the process of decision making. Most of them come as genuine theories whereas several of them come from the previously stated theories as a criticism. One of the most important theories represented about the cognitive process of decision making in the literature is by A
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primary and secondary data needed for Shark Spin are as follows: Primary Data: In order to do whatever survey needs to be conducted is known as primary data (Bpp‚ 2004‚ p7). Survey can be done to investigate Customer’s response information. What customers expect from the firm. What they think needs to be improved can be surveyed. Then the average income and expenditure‚ profit margin(before 10years and at present) Rivalry among existing firm can be surveyed. How many days a week they eat fish
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are a heavy drinker. A company rejects an application after seeing on Twitter that the candidate is a Muslim with a veil around her head. Another employer rejects an application after seeing on their Facebook profile that they use derogatory terms when commenting on pictures and posts. These examples illustrate how technology has changed the way companies screen prospective employees and how these may eventually lead to legal implications based on protected grounds. In this rapidly-growing world
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Decision Making Across the Organization The key strategic in every organization is to identify what is the influence of decision making across the organization as a whole. There are benefits and challenges in every organization no matter how large or small it may be. Business owner has to have a plan and a solution for every challenge that may arise in the organization. A manger is not to be in reasonable when he has to make a decision for the organization; he is to be expected to have a solution
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