MGT 521 Week 6

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MGT 521 Week 6, MGT 521 Week 6 Balanced Scorecard,MGT 521 Week 6 Career Plan Reflection,MGT 521 Week 6 Learning Team Reflection,Week 6 Quiz

1-

Write a reflection paper of no more than 350 words based on the Career Plan Building Activities completed throughout this course. In the paper, consider the following questions:

  • What are the next steps in your career plan?
  • What milestones have you established in the Career Plan to monitor your progress towards your career goals? Why do you think these steps are important in helping you progress?
  • How can you focus your time and attention in future courses based on your career competencies and goals?

Click the Assignment Files tab to submit your assignment.

 

2-

Read Case Application 1, “Lessons from Lehman Brothers: Will We Ever Learn?” at the end of Ch. 5 of Management. 

Discuss the scenario with your team. 

Discuss the second, third, and fifth discussion questions at the end of the case with your team. 

Answer each question based on your team’s discussion in no more than 350 words per question.

Click the Assignment Files tab to submit your assignment.

 

3-

1.

As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that your school is addressing. If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees’ work environment, it would be said to have fulfilled its ________.

social obligation

social responsibility

social responsiveness

social expectation

Bottom of Form

Incorrect :

An organization performs certain activities because it is obligated to do so to avoid economic or legal ramifications. By paying the minimum wage and applying standards, it is meeting its obligations.
Materials

  • From Obligations to Responsiveness to Responsibility

Top of Form

2.

As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that the school is addressing. If your university provides job-share programs, builds a day-care facility, and only uses recycled paper, it could be said to be ________.

fulfilling its social obligation

socially aware

socially responsive

socially image conscious

Bottom of Form

Correct :

Although the classical view of social responsibility, advocated by Milton Friedman, described this concept as maximizing profit, it goes beyond this by showing concern for employees and society.
Materials

  • From Obligations to Responsiveness to Responsibility

Top of Form

3.

An organization with a ___________ perspective on social responsibility is focused on maximizing profits.

social responsibility

social screening

social profitability

social obligation

Bottom of Form

Correct :

An organization focused on maximizing profits does not necessarily see social responsibility as important. Therefore, it generally only engages in socially responsible practices when obligated by law.
Materials

From Obligations to Responsiveness to Responsibility

Description

MGT 521 Week 6,

Career Plan Reflection

After completing the career plan assessments, within the last six weeks I can say that the next steps in my plan is occupational research and decision making. After completing the self-assessments, which help me to identify my personality, attitude, skills, and learning style. I have identified the right career paths that can only enhance these attributes. The next step in my plan is occupational research, which is where I investigate options available. Andolsen (2008), states, “A successful career plan makes this investigation as comprehensive and exhaustive as possible. Careful attention to each of the elements below can prevent false starts” (para.5). I will attain information through information search and interviews, job shadowing, and trending. The next step after occupation research is decision-making, which isI take the information gathered and make an informed decision about what direction I want my career to go in the future. This will be achieved through career and personal objectives.

After making a plan it is important to set milestones. Milestones created must be realistic and obtainable in charting progress. This is can be achieved through such measures as benchmarking and charting. With using the aforementioned measures with creating milestones will allow me to determine where I am from where I need to be and gives the opportunity to add or take away so that I can stay on track. These steps are important for establishing a career plan because properly documentingwhat isgetting done in the process and completing an analysis if certain goals are not obtained.

2-

Lessons from Lehman Brothers: Will We Ever Learn?

 

  1. What was the culture at Lehman Brothers like? How did this culture contribute to the company’s downfall?

 

The culture at Lehman was one that rewarded risk takers and dubbed them as “heroes” while ignoring those who approached things with more caution.  The Lehman Brothers were prioritizing short-term financial gain over long-term outcomes and relationships.  They didn’t care who they affected and what means it took to get them where they wanted to be no matter whom it hurt or offended.  There doesn’t seem to have been much concern for ethics, in general.  The employee morale could not have been very high if those who were considering ethics and morals were being ignored or mistreated.  It takes different personality types and views and opinions to build a successful company and there was no way Lehman could have continued at the success rate they had already achieved without considering this.

It seems that once the business got to a certain level of success and profit, there began a feeling of invincibility and caution was in thrown to the wind.  Decisions were not made with ethics in mind, but profit.  Lehman Brothers’ risk-oriented culture encourages unethical decisions for financial gain, therefore there was risk-taking ideal and the overlooking of questionable behaviors.  Professional ethics were put behind profit, with employees making questionable deals and being hailed for that and treated as conquering heroes (Robbins & Coulter, 2011).  Lehman associates were accustomed to a very aggressive work environment, which included risk-taking and quick decision-making.  Employees would begin undermining each other for jobs and recognition in order to gain advancement opportunities because of the stress on team play.

With the absolute lack of teamwork and cooperation, no business can thrive.  Certainly no business can thrive and succeed at the level of the Lehman Brothers without considering this fact and supporting their employees who had concern for the actions of the company and the long-term outcomes.  Also, unethical behavior and decisions very rarely go unnoticed or unpunished.  If you are not found out by way of happenstance, there will be whistle blowers and your competitors who will always be willing to point out your shortcomings and wrongdoings to the right sources.  This is what ultimately caused the downfall of the company.

 

  1. What role did Lehman’s executives play in the company’s collapse? Were they being responsible and ethical? Discuss.

 

The company executives at Lehman Brothers were not acting in a manner that could be considered ethical or correct.  They

1.

As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that your school is addressing. If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees’ work environment, it would be said to have fulfilled its ________.

social obligation

social responsibility

social responsiveness

social expectation

Bottom of Form

Incorrect :

An organization performs certain activities because it is obligated to do so to avoid economic or legal ramifications. By paying the minimum wage and applying standards, it is meeting its obligations.
Materials

  • From Obligations to Responsiveness to Responsibility

Top of Form

2.

As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that the school is addressing. If your university provides job-share programs, builds a day-care facility, and only uses recycled paper, it could be said to be ________.

fulfilling its social obligation

socially aware

socially responsive

socially image conscious

Bottom of Form

Correct :

Although the classical view of social responsibility, advocated by Milton Friedman, described this concept as maximizing profit, it goes beyond this by showing concern for employees and society.
Materials

  • From Obligations to Responsiveness to Responsibility

Top of Form

3.

An organization with a ___________ perspective on social responsibility is focused on maximizing profits.

social responsibility

social screening

social profitability

social obligation

Bottom of Form

Correct :

An organization focused on maximizing profits does not necessarily see social responsibility as important. Therefore, it generally only engages in socially responsible practices when obligated by law.
Materials

From Obligations to Responsiveness to Responsibility

 

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