Stakeholders, Managers and Ethics

dilemma

professional

Societal

Individual

Personal

Self-Interest

Outside pressure

skills

expertise

Subtopic

Inside

Shareholders

Inducements / Rewards

money

power

org. status

superior to stakeholders

Contribute Inducement

Contribute to org

Managers

Workforce

Outside

Customers

Suppliers

Government

Unions

Comunity

forms of control which align the interests + principles of company

Chain of command

Hierarchy

Line role

direct responsibility

Staff role

charge of specific org. function

Top mgmt team

A group of mngrs who report to the ceo+coo

Helps the CEO set the company's stragety

Corporate mngrs

members of mgmt teams to set strategy

Divisional mngrs

Managers who set policy only for the division

Functional mngrs

responsible for developing the func. skills

provide collectively the core compentences

goals

competing

interests

rewards

Utilitarian model

Moral rights model

Justice model

determing managerial accountability which arises when delegatingauthority to managers

information disadvantage

Moral hazard problem

using governance mechanisms

* Stock-Based Compensation schemes

* Promotion tournaments and career paths