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3 pages/≈825 words
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APA
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Business & Marketing
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English (U.S.)
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Managerial Decison Making CEO (Essay Sample)

Instructions:
1. Recently, the American International Group (AIG), a global insurance and financial services organization, accepted billions of dollars from the United States Government in order to remain solvent and in operation. After receiving this money, the organization decided to pay over $160 million in bonuses. Discuss the ethical problems associated with this decision. Could in-group favoritism play a role in this decision? If you were the CEO, what decision would you have made? 2. Read the case Fairness in Punishment. Discuss the Decatur School Board's decision to adopt a “no tolerance on school violence” in terms of fairness. How did implicit attitudes, perhaps, influence the school board's decision to punish such a disproportionate number of African-American students? 3. Research the subject of the Enron and Arthur Andersen relationship. Discuss your findings in terms of the application of ethics in the various decisions made by the Enron and Arthur Andersen teams. How did bounded ethicality play a role in these decisions? 4. Bernard Madoff, a once highly regarded member of the Wall Street community, recently pleaded guilty of running a $50 billion ponzi scheme. Research the driving forces behind his seemingly unethical behavior and discuss your findings. How did favoritism and bounded ethicality come into play in this case? Ensure each question is separated and labeled by question number. Course Textbook Bazerman, M. H., & Moore, D.A. (2009). Judgment in managerial decision making (7th ed.). Hoboken, NJ: Wiley. source..
Content:
MANAGERIAL DECISION MAKING Name: University: Course: Tutor: Date 1. Recently, the American International Group (AIG), a global insurance and financial services organization, accepted billions of dollars from the United States Government in order to remain solvent and in operation. After receiving this money, the organization decided to pay over $160 million in bonuses. Discuss the ethical problems associated with this decision. Could in-group favoritism play a role in this decision? If you were the CEO, what decision would you have made? This managerial decision has ethical problems associated with it. When making any critical managerial decision, it involves the ability to be fair and open-minded; therefore, it is necessary to assess the reasons for and against any decision made. This managerial decision led to ethical failures when dealing in the company. This has resulted to violations of morally accepted rules and standards to maintain trust within the organization. The emergence of this scandal at AIG makes people more concerned about the emergence of unethical and irresponsible behaviors in companies. The managerial decision made by the manager is, therefore, morally unacceptable and business practices should change (Bazerman & Moore, 2009). As the CEO of the organization, a combination of moral reasoning based on rights, utility, and justice should be applied when a moral conflict arises when running a company. Several factors need to be put into consideration when making a managerial decision. The rights of the whole group of people in the company have been overrun by the decision by the manager. This signified that the decision did not treat all people fairly. Therefore, as the CEO, my managerial decision would be based on principle of rights for all, utility, justice and care for all people. Reasoning from moral principles, therefore, would help resolv...
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