Posted: July 21st, 2022
Ethical and Legal Responsibilities
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Business Management
The writer to answer the 6 questions respectively in 3 pages, each question must be at least half a page long.
1. Ethical and Legal Responsibilities
Instructions:
Good ethics are crucial for the success of any business as is adherence to local, state, and Federal laws when conducting business. Assume the role of the manager in a self-owned business or a business owned by another person.
Answer the following:
• What ethical responsibilities does the manager have?
• To whom does the manager have ethical responsibilities to?
• What legal obligations does the manager have?
• What laws does the manager have to adhere to?
2. Managerial Skills
In order to successfully manage a department, division, or company, a manager should possess and utilize a specific set of skills.
Identify the key skills that managers would most likely rely upon to be successful.
Describe how each skill is important to successful management.
Reflect on a time in a management role. (If you have never been in a management position, consider what personal skills would be strengths if you were in management).
Identify managerial skills that were personal strengths in that role.
Identify managerial skills that were personal weaknesses in that role.
Provide a technique for strengthening managerial skills.
3. Attracting the Right Employees
Instructions:
Attracting the right employees and keeping them is important for the success of any business. Assume the role of the business owner and answer the following:
Explain two methods of how to attract the right employees for the business.
Once employees are hired, explain two motivational techniques would be utilized to ensure employees feel motivated, are productive, and morale is high.
4. Target Market
Instructions:
Determining a target market is important; otherwise, money and resources are wasted on trying to sell products to the wrong customers. After the target market is selected, there are various pricing strategies a business owner or manager might utilize to maximize revenues.
• Assuming the role of a business owner, describe the product or service that is offered to customers.
• Describe methods that will be utilized to select the target market for the business.
• Describe who your customers are (the target market).
• Complete additional research on this topic as necessary.
5. Functional Areas of Business
Instructions:
Many people refer to different business functional areas as silos, groups that do not communicate with one another.
Reflect on experience(s) as part of an organization.
Describe an experience in which the functional areas of the organization worked together to produce a positive result, providing examples of areas that worked together.
Describe an experience in which the functional areas of the organization did not work well together, providing examples of the results.
Please be sure to explain your opinions and ideas.
6. Reflection
Instructions:This course has laid a foundation of business topics including structures, legal and ethical components, leadership and management, functional areas, and strategic planning.
Revisit the course objectives for BU106, which are:
1. Compare the 3 major business ownership forms and an alternative.
2. Examine the ethical and regulatory environment of business.
3. Assess various leadership styles.
4. Evaluate the key activities of business.
• Reflect on personal experiences in this course.
• Describe personal progress on meeting the course objectives.
• Note any surprises in course successes or challenges.
• Select one course objective that could be improved upon personally.
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