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Struggling With a Big Management Decision? Start by Asking What Really MattersIn the structure of control systems described in Joseph Badaracco's book "Your True Moral Compass," leaders use their own moral knowledge to get through difficult situations. Within this structure, control systems involve leaders discussing issues such as what is really important, their roles, what would work, and what they can personally and ethically allow. Leaders create a framework for making decisions that are in line with their values and the real world situations that they face by thinking about and answering these issues. In the end, control systems in this context show how important moral judgment and accountability are in helping leaders in making difficult decisions.
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"Employees Out Sick? Inside One Company's Creative Approach to Staying Productive" Article by Michael BlandingIn response to ongoing absences impacting businesses, a study led by Jorge Tamayo showed a creative solution used by an Indian factory. In order to maintain production continuity in the face of absence rates as high as 11%, managers made unofficial agreements with other departments to lend and borrow people as needed. This method did better than the formal methods, demonstrating the important role that interpersonal connections play in maintaining productivity in the face of difficulty.
"Employees Out Sick? Inside One Company's Creative Approach to Staying Productive"Assistant professor Jorge Tamayo of Harvard Business School look into how companies might reduce absenteeism by encouraging managers to work together. Tamayo's study which focuses on an Indian clothing business shows that managers informal arrangements to lend and borrow from staff work well to fill the gaps left by absenteeism. Managers use relational contracts instead of formal procedures, which allows them to quickly adapt to changes in attendance. In spite of high absenteeism rates, businesses can improve productivity by fostering these human relationships. Tamayo's research shows the value of rapport building and soft skills in solving staff issues while improving operational resilience.
Should Businesses Take a Stand on Societal Issues?The ethical problem that CEOs face when picking whether to address difficult societal issues is looked at in the article "Should Businesses Take a Stand on Societal Issues?" Hubert Joly promotes the importance of internal unity with business principles, purpose driven leadership, and authenticity. He draws attention to how stakeholders expectations of organizations are changing and stresses the importance of proactive frameworks for decision-making. In the end the essay raises ethical questions about how companies might balance stakeholder interests with their ethical duty to improve society.
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April 2024
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