PDF-(BOOS)-The Three Pillar Model for Business Decisions: Strategy, Law and Ethics

Your friend decides to order a pizza President Obama decides to authorize the mission that leads to the death of Osama bin Laden You decide that your business should launch a new product What do these decisions have in common They all require using the Three Pillar model of decision making Our personal leadership and business decisions are based on a Law Pillar a Strategy Pillar and an Ethics PillarThe Three Pillar model originated in a leadership course that every Harvard MBA student takes before graduation The Harvard course is based on three lenses of decision making economics law and ethics The Three Pillar model expands these lenses by replacing economics with strategy With this change the model becomes a powerful tool for personal and leadership decisions as well as for business decisionsThis book takes you through four steps that enable you to use the Three Pillar model for business decisionsStep One Become a legally savvy leader This does not require memorization of legal rules Instead you should understand how the law works in practice Various surveys have identified the key legal areas that every business leader should understand product liability employment law government regulation intellectual property contracts and dispute resolution This book provides briefings on each area and shows how they impact your key stakeholders customers employees government and investorsStep Two Become an effective risk manager After your briefings on the law you are now ready to focus on the Law Pillar The Law Pillar emphasizes risk management This book explains how to manage the legal risks that constitute the main threat to your business success For example the chapter on product liability will describe how to make strategic new product decisions how to isolate product risks by creating subsidiaries and how to design new products to minimize the risk of being sued for selling a defective productStep Three Align the Strategy Pillar with the Law Pillar to create value Many leaders think that there is an inherent tension between the Strategy Pillar with its value creation orientation and the Law Pillar with its risk management orientation This book explains how you can overcome this tension and align the two pillars by focusing on the interests of each of your stakeholders For example by focusing on customer interests a process designed to prevent product liability can be transformed into a powerful product development toolStep Four Develop an ethical organization Understanding the Ethics Pillar of decision making enables you to play a leadership role in developing compliance and values standards for your organization This role requires that you walk the talk by using a principled process for making ethical decisions By combining the Ethics Pillar with the Law Pillar and the Strategy Pillar you can become a responsible corporate citizen while at the same time creating value for your shareholders and other stakeholdersOnce you master the Three Pillar model for business decisions you can easily apply the model to personal decisions and to leadership in any organization. Cengage. Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. . Business Ethics and Social Responsibility:. Doing Well By Doing Good. Ethics. Ethical. Management . IMMORAL MANAGEMENT. What. is immoral . management. ? . When. . management’s . motives are selfish and . it . cares only or . principally. . about . its own or its company’s gains. . What is meant by situation ethics?. Situation Ethics is... Idea decisions should be based on the most loving thing to do. Idea began with an American Christian thinker Joseph Fletcher. . Fletcher felt that just using the Bible was wrong so instead should use Jesus’ commandment to love your neighbour as yourself and on the situation. The elements of situation ethics were described by Joseph Fletcher;. Capability Ownership / Management. 16 September, 2014. Welcome to Target!. Business Architecture – Aspirations @ Target. “We want to see our enterprise IT strategy through the lens of our business capabilities”. Mikko Salonen. IOF Council . Member. Why are we introducing the IOF Code of Ethics?. We are committed to the highest standards of conduct in sport administration and competition. . On our way to Olympics we are aligning our policies with the IOC. Quick definitions – Morals and Ethics. (Make a one line note not to confuse the two – . we are interested in . business ethics . – . what society deems acceptable actions by a business. .. Morals: Acceptable behaviour at the level of the individual . Jen . Cooper. , . State Ethics . Director, OIG . Cathleen . Nine-. Altevogt. , Attorney and Ethics Officer, IDOI. In the Beginning there was an Executive order. Executive Order 05-03. Governor Daniels vision. Chapter 6 : Formulating Business Unit Strategy. Team 6. Business Unit Strategy. Involves creating a profitable competitive position for a business within a specific industry or market segment. Often referred to as a competitive strategy. Module 6. Identifying Change Strategies to Address an Ethics Quality Gap. Learning Objectives. Identify major causes and contributing causes for a specific ethics quality gap. . Select those causes that contribute most to a particular ethics quality gap.. Jen Cooper, State Ethics Director, OIG . Let’s Get Ethical!. 3. Introduction to the OIG & State Ethics Commission . Investigate Complaints . Advice . Adjudicate Complaints. . 4. Establish Code of Ethics. The First Course. Fourteenth Edition. Miller. Chapter 5: Business Ethics. Ethics: . The application of moral principles and values to social behavior.. Business Ethics: . Moral principles and values applied to situations that arise in a business setting.. Don Welch, Ph.D.. CISO. Agenda. Introduction. Risk. Strategy Basics. IT and Business Strategy. Strategic Analysis. Design Framework. Communicating the Strategy. Introduction. Why listen to me?. Cyber Security Environment. Theories and approaches to Ethics. Ethics and Culture/Religion. Arguing Ethics. Threats to ethics and ethical problems in knowledge. Under the influence of ethics—. ’wrong’ . ethics, ethics in history.. University of Rochester – Simon Business School. Sylvia Shi, Ramakant Pradhan, Ray Ramon, Alex King Sing. Table of Contents. Question. What kind of business model and strategy should . Bobsla. use and how will it be financed?.