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Professional development in Ethics in Business

Interested in adopting or adapting a code of ethical practice for your business? Are you searching for a concise, discrete, and mission-specific overview of ethics in business, with easy to understand concepts and guidance on how to implement with key applications. If you would like to discuss the possibility of developing an executive short course on ethics do contact Patrick via this webpage. He will work with you to tailor a course to your company’s mission statement. The course will not only focus on the importance you attach to ethics in business but also provide you and your executive team with an ethical maturity index benchmarked against a critical discussion of outcomes from across a range of varied and interesting business case studies.

Ethical Maturity Framework and Index

A valuable tool to analyse business strategies

South China Morning Post Interview:

Game theory is about understanding human behaviour. Individuals, including employees and managers, are curious by nature; they like to observe people in action, as well as to play games and win. And while business leaders are making decisions every day, they are also players in a game which requires them to compete against rivals and come out ahead.

Read the full article here:
A valuable tool to analyse business strategies

Bloomsberg Interview: Exchange Rate Volatility

Kaelo learning interactions

Welcome text by Prof Patrick McNutt

A very warm welcome to the new software tool called Kaelo . The origin of the word is Romany gypsy, meaning black in colour, and I first heard it as a name when used by my grandmother for her black Irish collie pup. The software will help to guide you through some of the foundation steps in microeconomics. The illustrations will capture the concepts of demand and elasticity, introduce the Marris model of management behaviour, explain the basics of the concentration ratios as deployed in modern antitrust and introduce you to the foundations of basic non cooperative game theory. Kaelo compliments the executive support materials located on my web page . It also compliments the e-learning initiatives for the Managerial Economics module under the auspices of the Manchester Business School Worldwide at . Kaelo is a prototype version and we welcome your feedback on how it can be improved. Please note that we are working on new developments for Kaelo as we strive to integrate e-leaning tools with on-line discussions and course work support.

Links to flash files: 10 principles

  1. Price and Demand
  2. Cobweb reactions
  3. Marris Model
  4. Zero Sum
  5. Elasticity
  6. Total revenue
  7. Price Reaction
  8. HHI Concentration
  9. Game theory
  10. Oysters and Net Revenue

To view make sure you have the latest flash plugin from Adobe:

Oysters and Net Revenue

Game theory

HHI Concentration

Price Reaction

Total revenue