Archive | Ethics RSS feed for this section

Strategic Intent

In 1989, Gary Hamel and C.K. Prahalad created an upheaval with their article entitled “Strategic Intent”. It was published in the Harvard Business Review. Hamel and Prahalad argue that in order to achieve success, a company must reconcile its purpose (end) with its means through Strategic Intent. What is Strategic Intent? In their book, Hamel [...]

Continue Reading Comments { 0 }

Reference Documents by Business Topic

This compiled list of reference documents has been republished from the Flevy blog here.  Please bookmark the original article, as that is updated on a weekly basis. These documents below are mostly consulting methodologies developed for and by consulting firms. 5S 5S for the Office https://flevy.com/browse/business-document/5s-for-the-office-161 5S Visual Workplace http://flevy.com/browse/business-document/opex-5s-visual-workplace-training-module–602 5S: Five Disciplines for High [...]

Continue Reading Comments { 0 }

Stakeholder Analysis

A Stakeholder Analysis is an approach that is frequently used to identify and investigate the Force Field formed by any group or individual who can affect or is affected by the achievement of the objectives of an organization. Stakeholder Analysis identifies the ways in which stakeholders may influence the organization or may be influenced by [...]

Continue Reading Comments { 0 }

Stakeholder Mapping

Stakeholder Analysis in conflict resolution, project management, and business administration, is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action, and sorting them according to their impact on the action and the impact the action will have on them. This information is used to [...]

Continue Reading Comments { 0 }

Bottom of the Pyramid

The bottom of the (economic) pyramid consists of the 4 billion people living on less than $2.50 per day. For more than 50 years, the World Bank, donor nations, various aid agencies, national governments, and, lately, civil society organizations have all done their best, but they were unable to eradicate poverty.  This concept is also [...]

Continue Reading Comments { 0 }

Instrumental Approach of Stakeholder Theory

The view regarding Strategic Stakeholder Management, described by Berman, Wicks, Kotha, Jones using earlier work of Edward Freeman is an Instrumental Approach.  Stakeholder theory plays a very important part in the modern business ethics. It is a theory of organizational management and business ethics that emphasis on morals and values required in managing the organization. [...]

Continue Reading Comments { 0 }

Internal Stakeholder Commitment

Internal Stakeholder Commitment (also called Intrinsic Stakeholder Commitment) was first introduced by Berman, Wicks, Kotha, Jones and others, and is published in the 1999 10 issue of the “Academy of Management Journal” (Academy of Management Journal, 42 No. fifth), in the course of theoretical research, they used the method of normative (Edward Freeman The Normative [...]

Continue Reading Comments { 0 }

Kaizen

Kaizen strategy is the single most important concept in Japanese management–the key to successful Japanese companies such as Toyota. Kaizen, which simply means continuous improvement, is the foundation for all Lean production improvements. Kaizen events are opportunities to make focused changes in the workplace. Kaizen is actually a way of life philosophy. It assumes that [...]

Continue Reading Comments { 0 }

Chinese Wall

A Chinese Wall is an ethical barrier between different divisions of a company to avoid conflict of interest.  This is typically existing in financial institutions and professional service firms. For instance, in an investment bank, there is a Chinese Wall between the advisory area and the brokering department of a financial services firm to separate [...]

Continue Reading Comments { 0 }

Stakeholder Theory

Stakeholder Theory is a management concept related to organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by R. Edward Freeman in the book Strategic Management: A Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends [...]

Continue Reading Comments { 0 }
© 2017, Marketing Mix Hub