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Ethocs and Decision Making; Personal and Group Values

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1) How does ethics affect the managerial decision-making process?

2) Why should we understand the transition from the personal values to group values?

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Solution Summary

The solution is 2 short essays-1 describing how ethics effects managerial decision making and the other describing the importance of understanding the transition from personal to group values.

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1) Ethics of management are coming increasingly into question as corporate scandals seem to be more rampant today than ever before. In response, business schools are bringing ethics to the forefront and driving home the point that ethics are a key ingredient for a successful business in the long term. Ethics provide a framework inside which decisions are made. These ethics affect the managerial decision-making process (hopefully) by limiting the actions available to them (or ...

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