This book will provide much needed guidelines for ethical decision making in business that are philosophically sound and strategically advantageous. The work will begin by recognizing that managers are morally and legally obligated to efficiently increase corporate profitability. At the same time, it is critically important to understand that there are moral constraints on this pursuit grounded in the basic rights of shareholders and other company stakeholders. The first objective of the book is to define and explain the concepts of basic and derivative rights in a way that will enable managers to identify those ethical duties that must be met in order to morally justify the pursuit of profit. Yet, while efficiently increasing corporate profitability is certainly valuable, it alone is insufficient for achieving corporate and individual excellence. That which is required for a more robust and meaningful account of organizational and individual flourishing is a sense of ethical integrity ultimately grounded in socially responsible behavior. As such, the second objective of this work is to develop a morally imaginative and socially entrepreneurial decision making process that is driven towards generating and sustaining social value. Drawing on principles from contemporary, cosmopolitan ethical theory will help to frame and inform this endeavor. Finally, ethical decision making must not be viewed a separate, standalone, or solitary activity, but must be regarded as a core and vital component of a company's overall management system. The final portion of this book will then provide managers with some recommendations on how to connect ethical decision making with strategic business planning and how to design and develop corporate structures that help to promote an ethical organizational culture.
This book does not attempt to provide advice; each case is unique and should be addressed by competent legal counsel. Rather, this work is intended to provide an overview of the fundamental principles and processes of both Chapter 11 reorganizations and Chapter 7 liquidations, incorporating examples drawn from relevant legal decisions, research findings and common experience to highlight the issues involved and provide a basis for discussion. In addition, the text covers the bankruptcy law implications of a number of special topic areas, including governance and compensation issues, the treatment of intellectual property, contractual agreements and obligations, and newly emerging issues surrounding the use of derivatives.
The new generations of learners, technological innovations, budgetary constraints, and economic factors have given rise to the need for reevaluating new strategies in Higher Education Institutions (HEI). In addition, quality of learning, responsiveness to economic needs such as providing competencies that can help graduates be gainfully employed and help economies grow, and helping learners to fund their education are among the ongoing issues that HEI should carefully examine in formulating an appropriate strategy in dealing with the rising challenges.
In addition to the interface between family dynamics and the family's business, we will explore the key tasks in family business consultation: succession planning, selection of the successor, conflict resolution, defining the role of family members in the business, how to involve the management team in succession planning, determining what happens after succession and building a board of advisors.
This book provides an overview of the organizational mechanisms of TMT impact. When having finished this book, readers will know how a TMT exerts influence and have more insight in how to make TMTs more effective in their organizations.
Marvin Washington, Stephen Hacker, and Marla Hacker
The subject of organizational change is receiving increasing attention. Whether it is re-inventing government, re-engineering corporations, or reforming churches, all kinds of organizations are attempting major transformations.
This book combines academic theory with real world, practitioner success stories to provide executives a summary of current best practices. This book examines four virtual business strategies that are showing unprecedented opportunity. The Any Place, Any Time strategy focuses on providing high quality service 24/7 by ignoring traditional geographic challenges.
This book explores how naturally connected organizations (NCOs) can survive and thrive in an increasingly unpredictable world using the principles of natural connectivity, organic growth and collaboration. It shows how naturally connected organizations are resilient through cycles of boom and bust.