A new study from Baylor University’s Hankhamer School of Business confirms what every employee has always known: this bottom-line mentality hurts profits. Scrooge-like superiors in a company don’t inspire respect, productivity, or a give-and-take relationship with their employees, the study confirmed.
Superiors with high bottom-line mentality (BLM) have poor relations with their employees, going in both directions. Employees of high-BLM superiors see themselves as gaining less from their job. Following, employees reciprocate by putting in less effort. When superior BLM is high and employee BLM is low, the effects are worse.
Organizations that need to stress bottom-line outcomes would be best served by pairing that management style with approaches such as ethical leadership, which are proven to have good outcomes.
iy is often referred to as cost-benefit analysis because it compares the of a decision, a policy or an action
Ethical ideas are present in all societies, all organizations, and all individual persons.
It is difficulty to accurately measure both costs and benefits.
Managers in the same company are likely to be at the same stages of moral reasoning at any given time.