Moral Imagination & Management Decision Making Essay

Moral Imagination & Management Decision Making Essay

Length: 2903 words (8.3 double-spaced pages)

Rating: Term Papers

Open Document

Essay Preview

1. Introduction
“We have always known that heedless self-interest was bad morals;
We know now that it is also bad economics”
(Franklin Delano Roosevelt as cited in Godwin, 2008)
Business Industry has witnessed that what were the outcomes of bad moral decisions taken by business leader. Enron’s story is only one example of recent corporate scandals and cases of bad moral decisions, which has not only shaken the public trust in corporations, but also affected the bank accounts of investors and employees. Before the bankruptcy of Enron; it was included in one of the fortune 500 companies after its fraudulent accounting case the share went down to $1. (Godwin, 2008)
The “bad apples” which create fraudulent are now facing prison terms, they are not morally bad character people, and they just face this because of their limited conceptual schema and didn’t consider moral values while making decisions. Mostly managers are known for moral values, and they are not greedy and egoists, the dilemma is they have just narrow perspective on a particular situation so they don’t view the moral consequences of their decisions. They actually lack the ability to imagine a range of possible issues, consequences and solutions. So just because of their shorter insight they make wrong moral decisions which later give undesirable impacts to society and business as well. (Godwin, 2008; Werhane and Moriarty, 2009)
Business Industry has also witnessed some business leaders who have taken such a good moral decisions that result in mutual benefit to the company and wider society. Literature shows different instances of companies like Seventh Generation, Fuji Xerox, or Green Mountain Coffee Roasters. These companies are getting huge profit margin and are a...


... middle of paper ...


...Coughlan, J., Mullen, M. R. (2008) ‘Structural Equation Modelling: Guidelines for Determining Model Fit’, The Electronic Journal of Business Research Methods, 6(1), pp. 53 - 60, Available at: www.ejbrm.com
Hoe, S.L. (2008) ‘Issues And Procedures In Adopting Structural Equation Modeling Technique’, Journal of Applied Quantitative Methods, 20(1), pp. 76-83
Stephenson, M.T., Holbert, R.L., Zimmerman, R.S. (2006) ‘On the Use of Structural Equation Modeling in Health Communication Research’, Health Communication, 20 (2), pp. 159–167.
Mehalik, M.M., Gorman, M.E. (2006) ‘A Framework for Strategic network Design Assessment, Decision Making, and Moral Imagination’, Science, Technology & Human Values, 31, pp. 289-307.

Research Methods: Knowledge Base, (2006) Likert Scaling. Available at: http://www.socialresearchmethods.net/kb/scallik.php (Accessed: 07 Jun 2010)



Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Moral Imagination & Management Decision Making Essay

- Analysis of Structural Equation Modeling (SEM) A structural equation modeling technique was used to test the model. The LISREL 8.80 program was employed for this purpose. (Usluel, Aşkar and Baş, 2008; (Suhr, no date; Teo, Khine, 1990; Jackson et al., 2005; Hooper, Coughlan and Mullen ,2008; Hoe, 2008; Stephenson, Holbert and Zimmerman, 2006) The model testing results are shown in Figure 2. It was found that mutual benefit has direct impact on moral imagination. The observed variables used to predict the latent variables in structural equation modeling were obtained by processing the data in the instrument....   [tags: Business Management ]

Term Papers
2127 words (6.1 pages)

Ethics and Management Decision Making Essay

- “We have always known that heedless self-interest was bad morals; We know now that it is also bad economics” (Franklin Delano Roosevelt as cited in Godwin, 2008; Good Money & Quotes, 2010) 1. Introduction Business Industry has witnessed the outcomes of bad moral decisions taken by business leaders. Enron’s story is only one example of corporate scandals and cases of bad moral decisions, which has not only shaken the public trust in corporations, but also affected the bank accounts of investors and employees....   [tags: Business Ethics]

Term Papers
4725 words (13.5 pages)

The Importance Of Teachers On The School Decision Making Essay

- There had been a few advantages of teachers engaged to be included in the school decision making. As a matter of first importance, staff in an association engaged for the improvement of self-overseeing groups may draw forward work duty and activity of them (Cheung & Cheng, 2002). Similarly, teachers at school enabled could add to the increment of teachers ' dedication to schools. As indicated by a few scrutinizes, the solid positive connection between teacher strengthening and teacher duty had been discovered (Caldwell, 2004; Cheung & Cheng, 2002; Gaziel, 2009; Somech & Bogler, 2002; Wan, 2005; Zajda, 2006)....   [tags: High school, Teacher, School, Decision making]

Term Papers
1675 words (4.8 pages)

I Am A Senior Student Of Computer Science At The University Of Manchester

- I am a senior student of computer science at the University of Manchester. As a leading research institution in this field, it offers demanding academic trainings that prepare us for the challenges in the real world. In addition, the group projects have required a lot of inputs from each member. In order to achieve our goals, besides my part of assignment, I also need to oversee everyone on board and make sure they are functioning effectively, which has been a very good training of my leadership and management skills....   [tags: Decision making, Management, Computer, Technology]

Term Papers
980 words (2.8 pages)

Decision Making An Integral Part Of Modern Management Essay

- A plan is a determined course of action for achieving a specific objective. An individual may prepare a plan for his journey or tour or for a family function. Similarly, a business unit may prepare a plan to achieve a particular objective. It is called a business plan which includes production plan, sales plan, and so on. A business unit prepares a master plan for the whole unit. Such master plan is again divided into departmental plans for actual execution. Planning is a process of thanking to action....   [tags: Management, Planning, Decision making]

Term Papers
741 words (2.1 pages)

Strategic Management : Strategic Planning And Decision Making Methods Essay

- This paper examines the strategic management sector pertaining to financial planning and decision making methods. Managers use these tools often, in order to carry on day to day operations at their firms. Finding the right combinations of cost allocation and implementing strategic measures, can be complex at times. However, to remain competitive in the industry, companies utilize benchmarking and other techniques in order to monitor their competitors’. This paper analyzes various approaches that managers may use, in order to make sound financial planning and decision making....   [tags: Strategic management, Decision making, Cost]

Term Papers
1231 words (3.5 pages)

Decision Making Process in Management Essay

- Decision Making Proccess in Management Introduction The purpose of this paper is to find a decision-making model by using various resources. I will focus on identifying the steps in the decision-making model, how the model applied to a recent workplace decision and examines how critical thinking affected the decision. Critical Thinking Thinking is the central process of how we transfer our thoughts....   [tags: Decision Making Proccess in Management ]

Free Essays
951 words (2.7 pages)

Essay on The Standard 6 : Decision Making

- Standard 6: Decision Making. Decision-making is skills will be taken under any circumstances. The leader should research and analysis of the problem scientific analysis to facilitate decision-making and find suitable alternatives and most effective way to solve the problem. Studying mathematics gives me a good way of effective decision make and problem solve. In mathematics I usually follow steps and strategies before I make decision for the best answer. First, I refine the problem, to make sure I understand exactly what I need to accomplish, then gather as much information about it as I can....   [tags: Management, Leadership, Decision making]

Term Papers
1653 words (4.7 pages)

The Group Decision Making Benefits Essay

- 5.4 Group decision making benefits:- Group decision making is the process in which multiple individual discuss the problems, analyze the situations and find the solutions. Two to more people involved in group decision making. There are some benefits of group decision making:-  The main advantage of group decision making is number of people involved in this process. They can give the different ideas and solutions. They can give their own opinions on the basis of their knowledge. Eventually, they can reach a superior problem solution....   [tags: Management, Decision making, Organization]

Term Papers
819 words (2.3 pages)

Essay on Decision Making

- Decision making can be described as a process of making a decision or decisions, based on choices made amongst two or more competing course of actions. The ‘Decision making’ also requires making a define choice between two or more alternatives course of actions that are available. In every decision making, there is said to be a positive and negative outcome as future consequence(s). The importance of decision making in individual daily life and in organization level was demonstrated by two scientists, Arkes and Hammond (1992), in ‘Judgment and Decision making’ indentified the four types of information which decision maker requires constructing a decision tree....   [tags: Decision Making]

Term Papers
3072 words (8.8 pages)