Business Ethics and Stakeholder Analysis

1991 ◽  
Vol 1 (01) ◽  
pp. 53-73 ◽  
Author(s):  
Kenneth E. Goodpaster
Keyword(s):  
Decision Making ◽  
Natural Kinds ◽  
Stakeholder Analysis ◽  
Harvard Business Review ◽  
Management Decision ◽  
Management Decision Making ◽  
Short And Long Term ◽  
Peter Drucker

Much has been written about stakeholder analysis as a process by which to introduce ethical values into management decision-making. This paper takes a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethical management decisions.A distinction is made between stakeholder analysis and stakeholder synthesis. The two most natural kinds of stakeholder synthesis are then defined and discussed: strategic and multi-fiduciary. Paradoxically, the former appears to yield business without ethics and the latter appears to yield ethics without business. The paper concludes by suggesting that a third approach to stakeholder thinking needs to be developed, one that avoids the paradox just mentioned and that clarifies for managers (and directors) the legitimate role of ethical considerations in decision-making.So we must think through what management should be accountable for; and how and through whom its accountability can be discharged. The stockholders’ interest, both short- and long-term, is one of the areas. But it is only one.Peter Drucker, 1988Harvard Business Review

Business Ethics and Stakeholder Analysis

1991 ◽  
Vol 1 (1) ◽  
pp. 53-73 ◽  
Author(s):  
Kenneth E. Goodpaster
Keyword(s):  
Decision Making ◽  
Natural Kinds ◽  
Stakeholder Analysis ◽  
Harvard Business Review ◽  
Management Decision ◽  
Management Decision Making ◽  
Short And Long Term ◽  
Peter Drucker

Much has been written about stakeholder analysis as a process by which to introduce ethical values into management decision-making. This paper takes a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethical management decisions.A distinction is made between stakeholder analysis and stakeholder synthesis. The two most natural kinds of stakeholder synthesis are then defined and discussed: strategic and multi-fiduciary. Paradoxically, the former appears to yield business without ethics and the latter appears to yield ethics without business. The paper concludes by suggesting that a third approach to stakeholder thinking needs to be developed, one that avoids the paradox just mentioned and that clarifies for managers (and directors) the legitimate role of ethical considerations in decision-making.So we must think through what management should be accountable for; and how and through whom its accountability can be discharged. The stockholders’ interest, both short- and long-term, is one of the areas. But it is only one.Peter Drucker, 1988Harvard Business Review

Forest Management Decision-Making: Art or Science?

1981 ◽  
Vol 57 (5) ◽  
pp. 233-238 ◽  
Author(s):  
T. H. Hall
Keyword(s):  
Decision Making ◽  
Forest Management ◽  
Simulation Modeling ◽  
Forest Planning ◽  
Management Decision ◽  
Creative Design ◽  
Management Decision Making ◽  
Evaluation Techniques ◽  
Making Art

This paper describes an approach to forest management decision-making. Acknowledging both objective and subjective elements, the approach offers a methodology to encourage more creative design in forest planning. It uses the descriptive capabilities of simulation modeling in tandem with the prescriptive capabilities of graphical evaluation techniques, to facilitate the use and interpretation of technical forestry information in decision-making problems. It emphasizes a need for an overview of long-term resource behavior as a prerequisite to, and a framework for, forest planning.

scholarly journals Audit Internal dan Efektivitas Pengendalian Intern Penjualan

2018 ◽  
Vol 3 (3) ◽  
pp. 1-11
Author(s):  
Radhi Abdul Halim Rachmat ◽  
Ivan Gumilar Sambas Putra ◽  
Ii Halilah
Keyword(s):  
Decision Making ◽  
Statistical Analysis ◽  
Internal Control ◽  
Descriptive Analysis ◽  
Internal Audit ◽  
Management Decision ◽  
Internal Auditors ◽  
Management Decision Making ◽  
Operational Activities

Sales activity plays an important role and needs to be controlled because it affects to the revenue. Sales control requires sales analysis that reveal undesirable developments need to be corrected. Internal Auditors who are not directly involved in operational activities can, therefore, assess all activities. Internal Auditors also provides objective information regarding sales data that will be the basis for management decision making. The purpose of this study is to: determine whether the internal audit on sales activities conducted by the company has been done adequately; determine whether the internal control over sales has been implemented effectively; and determine the role of internal audit in supporting the effectiveness of internal control sales. The authors perform hypothesis testing by doing descriptive analysis and statistical analysis. Based on the results, the effectiveness of internal control can be explained by the Internal Audit role of 63.2%.

Some Observations on Marketing Research in Top Management Decision Making

1969 ◽  
Vol 33 (4) ◽  
pp. 10-15 ◽  
Author(s):  
John G. Keane
Keyword(s):  
Decision Making ◽  
Marketing Research ◽  
Management Decision ◽  
Top Management ◽  
Management Decisions ◽  
Management Decision Making

The author's comments on the role of marketing research in top management decisions are based on his association with six companies (and continuing contact with many more) spanning manufacturing, consulting, and advertising. Some of these observations on the diverse marketing research-top management interface in decision making were presented to the Chicago Chapter of the American Marketing Association. The Chapter conferred a Merit Award on the earlier presentation during its 1968 competition for papers advancing the science of marketing.

Development of the Urban Environment Based on the Optimization of Management Decision-Making

2020 ◽  
Vol 26 (3) ◽  
pp. 322-327
Author(s):  
V. M. Medvedev
Keyword(s):  
Decision Making ◽  
Urban Environment ◽  
Management Decision ◽  
Practical Implementation ◽  
Management Decisions ◽  
Environment Management ◽  
Management Decision Making ◽  
High Level

The presented study identifies approaches to decision-making aimed at the optimal development of the urban environment.Aim. The study aims to develop proposals for improving methodological approaches aimed at the development of the urban environment and for using these approaches in the preparation of the corresponding management decisions.Tasks. The author assesses the problem of urbanization and shows how it affects the need to modernize the urban environment; formulates the principles of optimization of management decision-making aimed at the development of the urban environment; evaluates the possibility of the practical implementation of these principles (through the example of the federal city of St. Petersburg).Methods. This study uses strategic analysis, systems and case-based approach, comparative and retrospective analysis.Results. The practical aspects of designing the processes and approaches to urban environment management are examined. The efficiency of management is shown to depend largely on the optimization of management decisions that could improve the effectiveness of individual services aimed at the formation and development of a modern urban environment in the long term. The study describes the successful experience of St. Petersburg in developing the complex of urban environment management services.Conclusions. Improving urban environment management is an important aspect of increasing the population’s quality of life. As evidenced by St. Petersburg’s experience, to achieve a high level of comfort in the urban environment it is necessary to actively use the principles of consistency, innovation, and public participation in decision-making. The author recommends normative consolidation of these principles and their more active practical application in the management of Russian cities.

RELEVANT COST CONCEPT: A Glaring Dichotomy-Accountant’s Perspective

2012 ◽  
Vol 02 (03) ◽  
pp. 25-33
Author(s):  
Omah Ishmael ◽  
Osamor I .P
Keyword(s):  
Decision Making ◽  
Specific Problem ◽  
Behavior Pattern ◽  
International Market ◽  
Management Decision ◽  
Planning Decisions ◽  
Cost Behavior ◽  
Short And Long Term ◽  
Relevant Cost

Purpose: This paper examines the concept of relevant cost, its relevance in decision making analysis, its decision advantage in both short and long-term planning decisions and how it influences the decision maker’s choice of preference/priorities. The study is based on primary information (data) tailored to allow individual respondents comprehend the concept of “relevant cost”. Forty (40) closely related questionnaires were prepared and administered in some business retail traders in “ALABA INTERNATIONAL MARKET”. A review of related literature was also applied to have a general over-view of the concept of relevant cost ideology. It was revealed that relevant cost or costs are costs appropriate to a specific management decision. They are estimated future costs, that are different under alternative courses of action for a specific problem. It consist of both fixed and variable costs. Relevance in decision making is independent of cost behavior pattern. It influences the decision maker’s choice of preference and priority. If a decision is to be taken to either add a product or drop a product, salary of a supervisor or managing director is irrelevant. It is a differential (or incremental) cash flow that forms a component of relevant cost.

scholarly journals Pain Management Decision Making Among Long-Term Care Physicians and Nurses

2007 ◽  
Vol 29 (5) ◽  
pp. 561-580 ◽  
Author(s):  
Sharon Kaasalainen ◽  
Esther Coker ◽  
Lisa Dolovich ◽  
Alexandra Papaioannou ◽  
Thomas Hadjistavropoulos ◽  
...  
Keyword(s):  
Decision Making ◽  
Pain Management ◽  
Long Term Care ◽  
Management Decision ◽  
Term Care ◽  
Management Decision Making

scholarly journals Conserving Refugia: What Are We Protecting and Why?

Diversity ◽  
2021 ◽  
Vol 13 (2) ◽  
pp. 67
Author(s):  
Maurizio Rossetto ◽  
Robert Kooyman
Keyword(s):  
Decision Making ◽  
Evolutionary Dynamics ◽  
Spatial Scales ◽  
Management Strategies ◽  
Management Decision ◽  
Buffer Zones ◽  
Eastern Australia ◽  
Short And Long Term ◽  
Temporal And Spatial

Refugia play an important role in contributing to the conservation of species and communities by buffering environmental conditions over time. As large natural landscapes worldwide are declining and are increasingly threatened by extreme events, critical decision-making in biological conservation depends on improved understanding of what is being protected by refugia and why. We provide three novel definitions for refugia (i.e., persistent, future, and temporary) that incorporate ecological and evolutionary dynamics into a land management decision framework and are applicable across changing temporal and spatial settings. Definitions are supported by identification, core value, and management strategy criteria to assist short- and long-term decision-making. We illustrate these concepts using the World Heritage Gondwana Rainforests (WHGR) of eastern Australia, briefly exploring the spatial and temporal factors that can inform the development of conservation management strategies following the extreme fire events of 2019–2020. For the WHGR, available knowledge can be used to protect critical assets by recognizing and implementing buffer zones and corridor connections, and by undertaking emergency translocations of target species into safe areas that will act as future refugia. More broadly, we suggest that the identification and protection of ecological and evolutionary processes across varying temporal and spatial scales is central to securing improved biodiversity conservation outcomes.

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