GLOBALIZATION AND

PRINCIPLES OF

MANAGEMENT
L I E Z L A N D R E A K E I T H E C A S T R O , R M T
GLOBALIZATION

the increase in the flow of goods,

services, capital, people, and ideas

across international boundaries.

 9 DIMENSIONS OF CULTURE

1. PERFORMANCE ORIENTATION
2. UNCERTAINTY AVOIDANCE
3. ASSERTIVENESS
4. POWER DISTANCE
5. GENDER EGALITARIANISM
6. INSTITUTIONAL COLLECTIVISM
7. HUMANE ORIENTATION
8. FUTURE ORIENTATION
9. GLOBAL VENTURES GONE AWRY
DEVELOPING VALUES-

BASED LEADERSHIP

Business ethics is defined as

the moral principles that act

as guidelines for the way a

business conducts itself and

its transactions.
ETHICAL DILEMMAS CAN ARISE FROM THE

FOLLOWING:

Advertising
Sourcing
Privacy
Safety
Pay scales
Product pricing/policies
Communication
MAIN REASONS FOR A LAPSE OF ETHICS ARE:

Pressure to meet unrealistic

objectives/deadlines
Desire to further one's career
A desire to protect one's

livelihood
 THE IMPORTANCE OF

ETHICS IN

MANAGEMENT
As a manager, you are the representation of the

company to the employees. Managers are the

leaders and reflection of core values and

principles of the organization

Ethical behavior earns the trust of customers

and suppliers as well. It earns the public’s good

will
 STEPS IN ETHICAL DECISION-

MAKING PROCESS
4. Assess the impact of your
1. Assess the situation action to you on a personal
level.
2. Identify the stakeholders
and consider
Premium Service the situation 5. Make a Decision
Platinum Service

from
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3. Consider the alternatives

available and how will they 6. Monitor Outcomes
affect the stakeholders.
 Management involves

decision making, and

decisions often have an

ethical component. Beyond

personal ethics or a moral

code, managers face making

decisions that reflect the

company, affecting its future

success and vitality. Ethics

doesn’t just mean following

the law but acting in

accordance with basic

values.