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Explain Why Managers Should Use Ethical Decision Making as a Way

question 15

Essay

Explain why managers should use ethical decision making as a way to increase the profitability of a firm.


Definitions:

Organizational Inertias

The tendency of an organization to continue on its current trajectory despite changes in the external environment, often due to resistance to change.

Open Innovation

A business model that encourages collaboration with individuals or companies outside an organization to jointly develop new products or services.

Precise Protocol

A specific, well-defined procedure or set of rules designed to achieve accuracy and efficiency in a particular context.

Target Market

The segment of consumers most likely to be interested in a company's products or services, identified for marketing efforts.

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