Management Responsibilities and Decision Process Business Management Management Responsibilities and Decision Process

Finances Maintain a personal budget. Low debt to qualify for business loan. Understand Needs VS Wants.

Ethics in Management Responsible for major decision making. “Do the right thing”- Ethical Decision Making Social and Environmental Responsibility.

Steps to ethical decisions What are the facts? Who are the stakeholders? Who will be affected? What ethical issues are involved? Any other ways to look at it? What are practical constraints? What action should be taken? Is the action practical?