Many of the companies on Fortune magazine’s list of most admired companies are also on its list of most profitable ones. Some people say this proves that high social capital translates into profits. Other people suggest that high profitability is the primary reason the companies have a good culture and are admired in the first place. Discuss your thinking about these two differing interpretations.
Answer to relevant QuestionsCan a strong bureaucratic culture also be a constructive culture, as defined in the text and in Exhibit 10.5? Discuss. Why has globalization contributed to more complex ethical issues? Do you think it’s possible for a company operating in many different countries to have a cohesive corporate culture? To have uniform ethical values? Describe the dual-core approach. How does the process of management change normally differ from technology change? Discuss. Why are decision mistakes usually accepted in organizations but penalized in college courses and exams that are designed to train managers? When Burton Lee took over as plant manager for the New Haven division of a large manufacturing company, he saw the opportunity to transform the lowest performing unit as a pathway to his promotion into top management. 1. ...
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