Fundamentals of Management, 8th ed

Chapter 4: Managing Decision Making

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including his own. His own ethical standards will clearly shape how he proceeds.

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Indeed, each component of managerial ethics (relationships of the firm to its employees,

of employees to the firm, and of the firm to other economic agents) involves a wide vari-

ety of decisions, all of which are likely to have an ethical component. Thus, a manager

must remember that, just as behavioral processes such as politics and risk propensity

affect the decisions he makes, so, too, do his ethical beliefs.

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GROUP AND TEAM DECISION MAKING

IN ORGANIZATIONS

In more and more organizations today, important decisions are made by groups

and teams rather than by individuals. Examples include the executive committee of

Abercrombie & Fitch, product design teams at Texas Instruments, and marketing plan-

ning groups at Red Lobster. Managers can typically choose whether to have individuals

or groups and teams make a particular decision. Thus, knowing about forms of group

and team decision making and their advantages and disadvantages is important.

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