Corporate Decision Making

Paper Summary:

This paper explains that managers who are responsible for decision making in corporate strategy planning have a significant burden placed on their shoulders because not only their decisions need to be substantive, timely and acceptable by those whom the decision will affect but also the decisions must have an element of ethical appropriateness. The author points out that, in order for employers and managers to evaluate the moral implications of an issue, it is first important that they be able to recognize that the issue does involve a moral aspect. The paper relates that managers and corporate executives involved in leading major change efforts within an organization, which must be kept confidential for certain period, may experience significant ethical dilemmas in their interactions with other managers, employees and consultants both inside and outside the organization.

From the Paper:

"While some companies may put ethical issues in decision making strategies behind many other issues, there are some corporate types who still disregard them in making decisions. Take a look at Martha Stewart. She was involved in an insider trading situation which she must have known was illegal. She has been punished for her crime, but how many others who work for her company, from her vice presidents down to the laborers in factories that make her product have also paid the price as well, in declining share values and decreasing sales. When a corporate manager or executive makes a poor decision in this way, it is unlikely that he or she will be the only one hurt."

More papers on Corporate Decision Making:

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