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Dickson Mdhlalose
 Define key concepts and distinctions of ethics and the law.
This chapter focus on the key concepts and distinctions that one needs to be
familiar with. Such core concepts and distinctions provide the vocabulary for
engaging in a meaningful discussion in any specialized field of study.
The term business environment means
“the aggregate of all the forces, factors and
institutions which are external to and
beyond the control of an individual
business enterprise but which exercise a
significant influence on the functioning
and growth of individual enterprises.”
Describe the factors that are reshaping and redefining
management today.
 Organizational structure
 Vision, Mission and Objectives Statements
 Value System
 Organizational Culture
 Functions of a Business
 Management Tasks
 Plans and Policies
 Corporate Image
 Board of Directors
 Stake Holders
 Strategic Values: shared conviction of the
organization about its desired objectives.
 Work values: the priorities that organizational
members should adhere to in their jobs.
 Ethical values: what is considered acceptable or
desirable behaviour, above and beyond compliance with
laws and regulations.
THANK YOU

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Chapter 1.pptx

  • 2.  Define key concepts and distinctions of ethics and the law.
  • 3. This chapter focus on the key concepts and distinctions that one needs to be familiar with. Such core concepts and distinctions provide the vocabulary for engaging in a meaningful discussion in any specialized field of study.
  • 4.
  • 5. The term business environment means “the aggregate of all the forces, factors and institutions which are external to and beyond the control of an individual business enterprise but which exercise a significant influence on the functioning and growth of individual enterprises.”
  • 6. Describe the factors that are reshaping and redefining management today.
  • 7.
  • 8.
  • 9.  Organizational structure  Vision, Mission and Objectives Statements  Value System  Organizational Culture  Functions of a Business  Management Tasks  Plans and Policies  Corporate Image  Board of Directors  Stake Holders
  • 10.
  • 11.
  • 12.
  • 13.  Strategic Values: shared conviction of the organization about its desired objectives.  Work values: the priorities that organizational members should adhere to in their jobs.  Ethical values: what is considered acceptable or desirable behaviour, above and beyond compliance with laws and regulations.