What and who is business for? What exactly is work and how can we distinguish it from other activity? Do businesses operate along different ethical lines from individuals?
This clear and accessible text introduces key philosophical concepts and ideas and applies them to fundamental issues in management and organizations. Written for business and management students with no previous knowledge of philosophy, this text will lead readers to question the basic assumptions widely made about business and management.
An Introduction to the Philosophy of Management is packed with case studies and examples which provoke thought and discussion. Coverage includes crucial topics such as business ethics, culture and leadership.
Boxed definitions of key concepts; Real life case studies and examples; Questions for Reflection; Further reading
This text is essential reading for any business and management student wanting to think creatively.
Chapter 7: Individual and Organisational Action
Individual and Organisational Action
Action and Collectives
7.1 Before we can consider what makes something a good action, we need to understand how action takes place at all. In this context of managerial action we need also to consider what it means to talk about a ‘collective’ action.
Enron is generally regarded as one of the worst corporate failures of modern times. Its CEO, Kenneth Lay, assisted by other company officials, over-reported its revenues and used a range of managerial techniques to conceal losses, so that external investors were misled into believing that it was successful. As losses mounted Lay and others sold their own shares in the company before the price collapsed – still encouraging other investors to hold on to their stock. ...