University:
Swansea University
Course:
MGT202 | Ethical Leadership and Organizational Culture
Academic year:

2022
Views:

125

Pages:

1
Author:

Thomas G.

Lecture Notes: "The Company's External Connections: Markets and General Environment" I. Introduction • Two Types of External Relationships II. Markets: The Direct Connection • Markets for acquisition of production factors • Markets for product distribution (domestic and international) • Contracts and data collection for decision-making III. The General Environment: A Broader Influence • Natural factors (climate, geography) • Infrastructure (transportation, utilities) • Communication systems • Social services • Technical-commercial-financial support • Economic interdependencies among local businesses • Professional culture • Efficiency of public bureaucracy IV. Aligning Values: Company vs. Environment • Ethical-political values within the company • Ethical-political values in the broader environment V. Company Values • Risk-taking • Creativity • Solidarity • Quality orientation • Innovation • Work motivation • Professional development VI. Environmental Values • Cultural, social, religious, and political norms • Influence on company choices and development VII. Company Objectives • Achieving and maintaining equilibrium in a constantly evolving and changing environment • Meeting the owner's desire for capital remuneration