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Lecture # 04 for MBA Students on decision Making
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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 !!