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Critical Thinking And Problem Solving

   

Added on  2019-10-12

4 Pages885 Words461 Views
Running Head: Critical Thinking And Problem SolvingCRITICAL THINKING AND PROBLEM SOLVING

Critical Thinking And Problem Solving2Summary of the articleIn the article titled “Ethical challenges for business in the new millennium: Corporate social responsibility and models of management morality” the author, Archie B. Carroll has focused on the transition of human being and business organisations to 21st century. According tothe author, a set of new issues are expected to arise which will affect some specific industries. The business organisations, business sector and managers will face some generic management oriented challenges those will be crucial to business ethics at global place. The trend in corporatesocial responsibilities (CSR) will turn into more ethical and socially responsible manner where businesses will perform their responsibilities beyond their profit-making functions. Along with economic responsibilities, business organisations also have legal responsibilities in relation to their CSR. They will also focus on fulfilling their ethical responsibilities by embracing a series ofstandards, norms, and behavioural expectations which reflect what exactly the shareholders, employees, consumers, community, and the other secondary stakeholders consider as just, true, fair, and right. It also makes organisations responsible for keeping with legitimate expectations or moral rights of stakeholders. As per the author, CSR of a company also includes philanthropicresponsibility which involves business giving, executive loan programs, community programs, aswell as employee voluntarism. As the human race experience transition toward 21" century, the author expects that the present trend of "strategic philanthropy" will stay as guiding philosophy. Businesses are often face ethical or moral challenges in the 21st century while ensuring profitability, obeying laws, engaging in ethical behaviour, and giving back through philanthropy.In this article, the author has described about three management morality models such as Immoral Management, Moral Management, and Amoral Management model. Immoral Management or managers use to devoid ethical principles but also actively and positively opposeto just or right things. This morality model indicates management actions, decisions, and behaviour use to imply an active and positive opposition to moral or ethical behaviour. Moral Management refers to the process where business attitudes, actions, decisions, policies, and manager’s behaviour conform to a high ethical standard or right behaviour. Amoral Managementmodel includes Intentional Amoral Management (where it is believed that there is no applicability or relevance of moral in business) and Unintentional Amoral Management (where

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