Lecture # 04 (13.07.14) the content & context of decision making, evaluations

THE CONTENT & CONTEXT OF DECISION MAKING

Prof. Dr. Akhlas Ahmed

Preston UniversityMBA Class, Lecture

# 04July 12th, 2014

Content of Decision Making

Practical?

Legal Ethical Economical practical

LEGAL…

Practical?

to identify and discuss thelaws themselves and how best to comply with them and do what is best for the organization. to identify and discuss thelaws themselves and how best to comply with them and do what is best for the organization.

To identify and discuss the laws themselves and how best to comply with them and do what is best for the organization.

ETHICAL…

Practical?

To identify and discuss the ethical values and how best to comply with them and do what is best for the organization.

ENVIRONMENTAL…

Practical?

To identify and discuss the environmental issues and how best to comply with them and do what is best for the organization.

PRACTICAL…

Practical?

To identify and discuss the practical aspects and how best to comply with them and do what is best for the organization.

Context of Decision Making

Practical?

Legal Factor: External Forces: Internal Forces: HR Laws: HR Regulations: Pitfalls in the Legal Environment: Challenges to Legal Compliance: Doing the Right Thing: Realizing the Limitations of HR & Legal

Department: Limit Potential Liability:

LEGAL FACTORS…

Practical?

Court Decisions Local Laws Global Laws

EXTERNAL FORCES…

Practical?

State Courts’ interpretations Local Laws Global Laws

HR LAWS…

Practical?

Laws Ordinances Court Decisions International laws

HR REGULATIONS…

Practical?

Corporate policies Rules Regulations Realizing the limitations of HR department

PITFALLS IN THE LEGAL ENVIRONMENT…

Practical?

Corporate policies Rules Regulations

DISCUSS…

Practical?

CHALLENGES TO LEGAL COMPETITIVENESS

DISCUSS….

Practical?

DOING THE RIGHT THINGS….

Evaluating Alternatives

Is the possible course of action:

Legal?

Ethical ?

Economical?

Practical?

Evaluating Alternatives

Is it legal? Managers must first be sure that an alternative is legal both in this country and abroad for exports.

Is it ethical? The alternative must be ethical and not hurt stakeholders unnecessarily.

Is it economically feasible? Can our organization’s performance goals sustain this alternative?

Is it practical? Does the management have the capabilities and resources to do it?

Thank You !!