To determine:
How Cody Rudisell's decision might differ if he based it on Utilitarian approach versus individualism approach versus practical approach to ethical decision making and the approach he does appear to be using.
Case Summary:
Ken Bodine, the sales manager and the skills of the young sales staff he had hired were responsible for the rapid growth of Pace Technologies. Bodine had hired his top grads staff from two major business schools in the area. Apart from the top salaries offered by Pace, these top grads employees were attracted by the Bodine's positivity, reflected through his energy level, creative and innovative thinking and his positive and confident attitude towards work. Pace's sales force consistently stunned the competition outside with their efficient and high level performance.
Interpretation:
There would not have been much difference in Cody Rudisell's decision in case it base upon any three approaches namely; Utilitarian approach or individualism approach or practical approach.
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Chapter 4 Solutions
Understanding Management (MindTap Course List)
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- How does business management changes your perspective of business? How has it shaped your ability to lead in the future? Where does your inspiration come from? What are your core values? What are your future goals and how can you use the knowledge gained from business management to reach your full potential?arrow_forwardHi, could you help me answering a question, it would really help me for my understanding of the subject. The question is the following “Motivation and decision-making approaches of entrepreneurs play a critical role in their entrepreneurial journey. Discuss how motivation and decision-making approaches may change on the basis of the context, time, and personal characteristics of entrepreneurs.”. Would you be able to answer this question in about 1000 words please? Thanks in advancearrow_forwardDescribe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships? Why? Give an example of a strong-tie and a weak-tie.arrow_forward
- With a classmate, research a professional sports team that hasthreatened to move if locals don’t approve subsidies to builda new stadium or arena. Do you think this is a savvy businessmove on the part of the team’s owners? Or, is it an unethicalmove because area businesses will lose revenues if the teamtakes its franchise elsewhere?arrow_forwardDissolving a partnership is easier than dissolving a sole proprietorship. O True O False Show Transcribed Text Strategic planning is long-range, formulated by top management, and made as if the company operated in a vacuum O True Falsearrow_forwardWrite a reflection paper on "What motivates people to become an entrepreneur?" in 1 paragraph only with 500-700 words. Below is the guide.What motivates people to become an entrepreneur?Greater Control As a self-employed business owner you'll have the freedom to make executive decisions that will affect the future of not only your company but also your family and career in the long-term. As an employee you can only exercise control within the boundaries of your job description. Flexible Work Hours One of the most appealing types of control that an entrepreneur has is the ability to choose when they want to work. With that said, working inconsistent hours and failing to commit to a set work schedule is a sure way to hinder the success of your business. Be realistic and don't give yourself too many vacations or progress will certainly suffer. Keep in mind that balancing work and life is an essential aspect of succeeding as a business owner. Open-Ended Career Progression As an employee…arrow_forward
- In writing business memo, letter, or report, would you ever emphasize pathos? Or do you think that business writing should always focus on logos and ethos? Explain your reasoning.arrow_forwardThe most important reward of being an entrepreneur is: Select one: a. Independence b. Wealth c. Professional growth d. Personal satisfaction Technological improvements along an S-curve tend to be ________, building on prior developments, and taking place within an existing paradigm. Select one: a. Comprehensive b. Incremental c. Extreme d. Radical This role of entrepreneurship in economic development is when entrepreneurs combine the factors of production, and also introduces new ideas and new combination of factors. Select one: a. Promotion of capital formation b. Creating social change c. Creating innovation d. Wealth creation and distributionarrow_forwardReview the differences as between strengths and opportunities, weakness and threats. Remember that strengths and weaknesses are usually controllable by management, while opportunities and threats generally stem from the outside environment. Develop a SWOT analysis and include 3-4 of each category. Please organize your SWOT analysis in a chart or table that you can then explain within each outlined point. Lastly, explain how college can leverage your outlined strengths to capitalize on its opportunities? Then tell me how can college could mitigate threats by bolstering weaknesses?arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub