Lecture # 16
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The document discusses the concept of corporate philosophy, outlining its significance in the corporate sector and differentiating between philosophies of MNCs, SMEs, and entrepreneurs. It emphasizes the role of core values in shaping organizational culture and guiding behavior, while also analyzing objectives like profitability and market share. A case study is suggested to further explore corporate philosophy.
Lecture # 16
- 1. OCT 17th, 2018 PROF DR AKHLAS AHMED IHM – Dow University of Health Sciences UNDERSTAND CORPORATE PHILOSOPHY – A CASE STUDY
- 2. CONCEPT OF PHILOSOPHY ROLE OF PHILOSOPHY IN CORPORATE SECTOR MNCs PHILOSOPHY SMEs PHILOSOPHY ENTERPRENEURS PHILOSOPHY CASE STUDY
- 3. PHILOSOPHY: Attitude Viewpoint Idea Thinking Way of Life Values Beliefs
- 6. ROLE OF PHILOSOPHY IN CORPORATE SECTOR:
- 8. SMEs PHILOSOPHY: Analysis of values: Values are broad beliefs about what is or is not appropriate. Strong core values for an organization helps build institutional identity, gives character to an organization, and it backs up the mission statement. Organizational culture reflects the dominant value system of the organization as a whole.
- 9. NGOs PHILOSOPHY: Organizational culture – Shapes the values of managers and other organization members. – Points people in common directions. – Helps build institutional identity. – Gives character to the organization in the eyes of employees and external stakeholders. – Backs up the mission statement. – Guides the behavior of organizational members in meaningful and consistent ways.
- 10. ENTERPRENEURs PHILOSOPHY: Analysis of objectives: – Operating objectives direct activities toward key and specific performance results. – Typical operating objectives: • Profitability • Market share • Human talent • Financial health • Cost efficiency • Product quality • Innovation • Social responsibility
- 11. ASSIGNMWENT # 1 FIND OUT A CASE STUDY ON CORPORATE PHILOSOPHY?
- 12. Q/A Session