nternal Code: MAHOZ21
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Essay Question:We make choices and decisions all the time. Sometimes it’s clear cut and sometimes it means choosing between multiple criteria. Depending on how the decision making process is conducted the results can be very different.
Describe three models used by managers to make business decisions. Critically evaluate whether ethics should be a decision-making criteria.
Write a brief account of an unethical or ethically questionable business case (examples at Fair Work Ombudsman http://ift.tt/2DsNjW0). Consider how the organisation allowed the decision to be made and recommend management strategies to prevent unethical decisions in the future.
Event 3 – Business Report
Read the case study below. Write a business report to the three owners of DEF on planning, organising, leading and controlling this expansion of the business, choosing one of the team structure options. Findings are to be based on research and industry best practice with in-text referencing included.
Case studyDEF is an incorporated business established in 1994 by three financial advisors. It is now one of Australia’s largest specialist financial advisory firms with more than 300 staff, offices along the east coast of Australia and a network of partner firms throughout the country. They run financial planning and retirement seminars as well as specialist advice in retirement, superannuation, divorce, aged care and corporate. Their strategy is focused on quality and growth as they have a strong industry reputation. Their vision is: To enrich the life of clients by empowering them to make important life decisions based on specialist financial advice from our team of dedicated experts. They are setting up a new Financial Planning Advice Division which will operate at arms-length from the main organisation. The aim is to provide an innovative service where clients will be referred to them from a debt recovery organisation. They plan to operate a financial advice phone line to put clients in touch with a team of qualified Financial Planners from 7 am to 10 pm Monday to Sunday. They will initially employ 30 people. DEF are considering three options to operate the advice line team: a virtual team, an Australian-based self-managed team or an overseas-based global team.
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