Case study instruction
.pdf
keyboard_arrow_up
School
Louisiana State University, Shreveport *
*We aren’t endorsed by this school
Course
700
Subject
Business
Date
Jan 9, 2024
Type
Pages
2
Uploaded by ChiefKingfisher3075
A Reporting Dilemma: Hiring Freeze Headcount MBA 700 Spring 2023 Questions: 1.
Behavioral ethics is a descriptive, as opposed to a normative, approach to ethical decision-
making. This approach addresses how people actually make ethical decisions as opposed to how philosophers say they should make decisions. Desires and self-interest powerfully influence the way one interprets information. When motivated to reach a particular position, a person usually does. Psychologists conclude that overcoming unconscious biases is challenging, resulting in faulty moral reasoning that further social agendas, to justify actions. What action might innate biases lead Sam to select? How might Sam overcome these biases and make an ethical decision? 2.
A virtue ethics approach to ethical decision-making requires identifying the civic and business virtues expected of executives and then selecting the alternative course of action that best reflects those desired virtues. Aristotle believed that when determining which virtues should be rewarded, one should consider the purpose of the social or, in this case, business practice in question. Aristotle’s view of the moral life was living a life of virtue, which is the “good life.” Virtues are character traits that go deep down inside of people. Desirable virtues are determined by deliberation within the community. What is the purpose of the controller, and what virtues should be honored? 3.
After deliberation and agreement within the professional communities, desirable virtues have been recommended in the IMA Statement and the AICPA Code of Professional Conduct. IMA recognizes competence, confidentiality, integrity, and credibility as values to which accounting professionals are responsible to adhere. The Principles section of the AICPA Code of Professional Conduct expresses tenets of ethical and professional conduct. These responsibilities include cooperation within the profession, acting in the public interest, maintaining integrity, discharging services objectively free of conflicts of interest, maintaining independence for attest clients, striving to continually improve competence and quality of service, and discharging responsibility to the best of your ability. Additional sources of virtues might be one’s social and spiritual communities. What are desirable virtues to guide Sam’s decision according to the IMA Statement? What course of action is consistent with these virtues? 4.
As discussed previously, the IMA Statement indicates that ethical principles include honesty, fairness, objectivity, and responsibility. As a CMA® (Certified Management Accountant), what are Sam’s professional responsibilities related to the headcount reporting dilemma? Likewise, the AICPA principles include exercise of sound moral judgment, acting in the public interest, integrity, objectivity, and due care. What are possible courses of action that Sam could take? Considering the IMA Statement and the AICPA Code of Professional Conduct, which action should Sam take?
Instructions 1.
Complete this case study in MS Office Word format. Double space, no more than 3 pages. A cover page is optional. Three pages do not include a cover page and references. 2.
Use an academic writing style to write your analysis. 3.
Use Turnitin to check similarity. This is built in the case study on Moodle. A score of 20% or below is required. Additional information can be found in the syllabus. 4.
Use the APA style to cite references if needed. If it is your original idea, you do not need to cite. 5.
The grading is based on the above requirements and how you elaborate your arguments and answers.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Review the following video “Wells Fargo Whistleblower” - Khalid Taha is the whistleblower in the Wells Fargo sales scandal of 2016-2017. John Stumpf was still CEO at the time of the video and had not stepped down yet, and answer the critical thinking questions that follow:
Vedo link https://youtu.be/yXYsqWs5lnk
Critical Thinking Questions:
1. Given so many employees questioned the incentive program for establishing new accounts, do you believe top executives were aware of the program?
2. Do you think you would have the courage to become a whistleblower in this situation?
3. Do you think that John Stumpf should be held criminally liable for the misconduct?
Your summary should be a minimum of one page of content in length. Properly cite any references utilized in APA format.
arrow_forward
Based on the description of the Account Executive Job Responsibilities listed on page 120, assess whether Show Me the Money should use a behavior approach, a results approach, or a combination of both to measure performance.
arrow_forward
You are a Manager of a big company, and you are faced with a crucial ethical issue at your workplace. This ethical issue needs to be solved immediately; otherwise, it will influence the ethical culture of the whole organization.
a) Would you make this ethical decision by yourself and bear the consequences (either positive or negative)? Give reasons for your answer.
b) Would you involve others in this ethical decision-making? If yes, which form of the group (group of people) would you involve in and why?
Make sure you make a critical evaluation by providing specific examples that happened or could have happened at your workplace.
arrow_forward
a) Most part of a manager's job is making decisions and, in most cases,
decisions are based on perceptions we have about people, things and targets.
Wrong perceptions mostly will lead to wrong judgements. As part of the
management training to qualify to lead one of the branches of the
organization, you are to identify and explain the various errors of judgement
the managers in the underlisted statement made and discuss what decision
you would have made.
Mary is making a strong case for Martha that she can execute the
contract because she completed AIT (using herself as an example to
show how she expertly executed her contract as an old student of AIT)
The manager is giving special attention and respect to the new recruits
and disregarding the efforts of the existing workers.
1.
11.
In his final advice to the new boss, the outgoing CEO admonished
him not to involve employees in his decision making since they will
plant discourse, To him, he became successful because of that
strategy
11.…
arrow_forward
Match each of the Signature Themes with the word or phrase that best describes it.
Competition a) When they say, “I know how you feel,” others believe it
Belief b) Is a natural planner and enjoys a structured environment
Strategic c) Is never fully satisfied until they are the top performer
Empathy d) Makes decisions and acts based on moral values
Discipline e) Can see possible alternatives and select the best one
arrow_forward
Develop a comprehensive set of 25 heuristics covering various aspects of decision-making, problem-solving, and leadership. Divide the heuristics into different categories or themes (e.g., ethical considerations, effective leadership styles, decision-making frameworks). At least 4 heuristics should address ethical aspects. Include diverse perspectives and insights, drawing from course materials and personal experiences. Heuristic Format:Each heuristic should be presented as a clear guideline or rule of thumb.Provide a brief explanation for each heuristic, including rationale and relevance.
arrow_forward
How are the elements of group-think exemplified in the financial crisis?2. What could be done to reduce the effects of groupthink in the future?3. Do you think that increasing diversity in leadership positions in financial companies would reduce groupthink? Because?
arrow_forward
For this assignment, you are asked to reflect on your experience collecting information and writing up your Literature Review for your research study.
Research Topic: An Investigation into Factors affecting Participation in cricket among adolescent females in St. Vincent and the Grenadines.
You are to follow Gibb’s Reflective Cycle as your guide in laying out your reflection.
arrow_forward
Firm size, industry competition, CEO power and discretion and the level of stress a a CEO's job entails are factors in determining what?
Select one:
a.
How large a board of directors an organization must have
b.
Whether an organization can function internationally
c.
A CEO's compensation package
d.
Employees' level of job satisfaction and overall feeling of internal support of their supervisors
arrow_forward
Maria Smith has a successful career in Marketing having lead numerous successfulmarketing initiatives at Zion’s operations in Oregon, USA. The majority of her initiativesresulted in improvements in the Company’s bottom line. Maria was known for her vision,humility and excellent relationship with staff. Maria led a team of ten (10) persons inOregon.As a result of her success Maria was offered an attractive opportunity to lead a team atZion’s New Zealand operation. The change would allow Ms. Smith to utilize hermarketing experience, as well as earn an attractive remuneration. Maria considered thechange an excellent opportunity, however, it meant a relocation for her family. Her familylived in Oregon for more than a decade. Based on research Maria noted that the marketingstrategies and leadership styles in New Zealand differed from what she traditionallypracticed and she found Hofstede's Six Dimensions of Culture informative. Mariarecognized the importance of being familiar with Goldman’s…
arrow_forward
Maria Smith has a successful career in Marketing having lead numerous successfulmarketing initiatives at Zion’s operations in Oregon, USA. The majority of her initiativesresulted in improvements in the Company’s bottom line. Maria was known for her vision,humility and excellent relationship with staff. Maria led a team of ten (10) persons inOregon.As a result of her success Maria was offered an attractive opportunity to lead a team atZion’s New Zealand operation. The change would allow Ms. Smith to utilize hermarketing experience, as well as earn an attractive remuneration. Maria considered thechange an excellent opportunity, however, it meant a relocation for her family. Her familylived in Oregon for more than a decade. Based on research Maria noted that the marketingstrategies and leadership styles in New Zealand differed from what she traditionallypracticed and she found Hofstede's Six Dimensions of Culture informative. Mariarecognized the importance of being familiar with Goldman’s…
arrow_forward
Maria Smith has a successful career in Marketing having lead numerous successfulmarketing initiatives at Zion’s operations in Oregon, USA. The majority of her initiativesresulted in improvements in the Company’s bottom line. Maria was known for her vision,humility and excellent relationship with staff. Maria led a team of ten (10) persons inOregon.As a result of her success Maria was offered an attractive opportunity to lead a team atZion’s New Zealand operation. The change would allow Ms. Smith to utilize hermarketing experience, as well as earn an attractive remuneration. Maria considered thechange an excellent opportunity, however, it meant a relocation for her family. Her familylived in Oregon for more than a decade. Based on research Maria noted that the marketingstrategies and leadership styles in New Zealand differed from what she traditionallypracticed and she found Hofstede's Six Dimensions of Culture informative. Mariarecognized the importance of being familiar with Goldman’s…
arrow_forward
Just answer questions 4 and 5
arrow_forward
Everest Group Company is grappling with a lot of change, and retaining employees is one of its top priorities. Your team has been appointed as a Business Analytics. You have been asked to specifically focus on at-risk employees (employees who are most likely to quit their jobs). Data from the Reward Management platform Remchannel stated that employees who left their jobs gave the following reasons: "better pay," "better working environment," "improved career opportunities," and "work-life balance".
3.1 Explain two (2) strategies you will advise Everest Group Company to put in place to identify early warning signs for at-risk employees
3.2 Based on your knowledge of the Closed-Loop Process to Optimize Business Performance, identify two (2) strategic objectives Everest Group Company should develop that specifically focus on at-risk employees
3.3 How will you advise Everest Group Company to monitor the effectiveness of the strategic objectives identified in question 3.2
arrow_forward
ANSWER SHOULD BE RELATED TO THE ARTICLE. THANK YOU.
Explain FOUR (4) measures that can be taken by employers to avoid retrenchment of employees during this Covid-19 pandemic (endemic) crisis.
arrow_forward
According to a survey by Bain & Company, since 1993 the management tool most commonly used among global executives is
Multiple Choice
value chain analysis.
industry and competitor analysis.
strategic planning.
environmental analysis.
arrow_forward
1) Are CEOs and key executives worth the large pay packages they receive? Explain.
2) Do you agree with Peter Drucker that corporate executives should receive compensation packages no larger than a percentage of the pay of hourly workers? Explain.
3) Do you think that executives in the broader public sector, such as hospital executives, should receive such large pay packages?
arrow_forward
1. Under what broad risks will you place these risk factors?
Economic Distress
Mismanagement
Technological Causes
Working Capital Problems
Fraudulent Management
Lack of board effectiveness
Boards' risk blindness
Poor leadership on ethos and culture
Defective communication
Excessive complexity
Inappropriate incentives
Information "glass ceiling"
Managerial inefficiency and ineffectiveness
Over expansion
Ineffective sales force
High production costs
Poor financial management
Risk assessment strategy
Inappropriate commercial policy
Absence of manpower training and development policy
Capital inadequacy
Socio cultural factors
Income instability
Public policy
arrow_forward
Self Evaluation of critical thinking skills involves identifying relevant questions, responding to these questions, reflecting on the responses, and identifying areas for improvement. This process can help improve critical thinking skills, which are crucial for problem-solving and decision-making in a business context.
How do I approach problem-solving in challenging situations? I approach problem-solving by first identifying the problem, then brainstorming possible solutions. I evaluate each solution based on its feasibility and potential impact and then choose the best one.
What strategies do I use to evaluate different solutions to a problem? I evaluate different solutions by considering their pros and cons, as well as their potential impact on the problem at hand. I also consider the resources required to implement each solution.
How do I ensure that I am considering all relevant factors when making a decision? I ensure that I am considering all relevant factors by conducting a…
arrow_forward
Self Evaluation of critical thinking skills involves identifying relevant questions, responding to these questions, reflecting on the responses, and identifying areas for improvement. This process can help improve critical thinking skills, which are crucial for problem-solving and decision-making in a business context.
How do I approach problem-solving in challenging situations? I approach problem-solving by first identifying the problem, then brainstorming possible solutions. I evaluate each solution based on its feasibility and potential impact and then choose the best one.
What strategies do I use to evaluate different solutions to a problem? I evaluate different solutions by considering their pros and cons, as well as their potential impact on the problem at hand. I also consider the resources required to implement each solution.
How do I ensure that I am considering all relevant factors when making a decision? I ensure that I am considering all relevant factors by conducting a…
arrow_forward
1.
In this discussion forum we further explore the topic of rational actor paradigm, which asserts that individual managers respond rationally to their performance incentives. What if the incentive plan is misaligned with overall business objectives of the firm? The rational actor framework posits that the process will not produce desired outcomes because employees will respond rationally to the misaligned incentive structure. You are asked to apply this thought to sales personnel and the sales commission plans.
Commission based compensation plans relies relatively more heavily on sales revenue and less on a base salary, while target-based compensation plans balance base salary alongside sales commissions. Consider the decision by management in selecting the right plan for their sales team. What if the company is in a “mature market” with longer sales cycles, unequal geographic potential, and sales is more of a team effort? In contrast, what if the company operates in a “high-growth…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Related Questions
- Review the following video “Wells Fargo Whistleblower” - Khalid Taha is the whistleblower in the Wells Fargo sales scandal of 2016-2017. John Stumpf was still CEO at the time of the video and had not stepped down yet, and answer the critical thinking questions that follow: Vedo link https://youtu.be/yXYsqWs5lnk Critical Thinking Questions: 1. Given so many employees questioned the incentive program for establishing new accounts, do you believe top executives were aware of the program? 2. Do you think you would have the courage to become a whistleblower in this situation? 3. Do you think that John Stumpf should be held criminally liable for the misconduct? Your summary should be a minimum of one page of content in length. Properly cite any references utilized in APA format.arrow_forwardBased on the description of the Account Executive Job Responsibilities listed on page 120, assess whether Show Me the Money should use a behavior approach, a results approach, or a combination of both to measure performance.arrow_forwardYou are a Manager of a big company, and you are faced with a crucial ethical issue at your workplace. This ethical issue needs to be solved immediately; otherwise, it will influence the ethical culture of the whole organization. a) Would you make this ethical decision by yourself and bear the consequences (either positive or negative)? Give reasons for your answer. b) Would you involve others in this ethical decision-making? If yes, which form of the group (group of people) would you involve in and why? Make sure you make a critical evaluation by providing specific examples that happened or could have happened at your workplace.arrow_forward
- a) Most part of a manager's job is making decisions and, in most cases, decisions are based on perceptions we have about people, things and targets. Wrong perceptions mostly will lead to wrong judgements. As part of the management training to qualify to lead one of the branches of the organization, you are to identify and explain the various errors of judgement the managers in the underlisted statement made and discuss what decision you would have made. Mary is making a strong case for Martha that she can execute the contract because she completed AIT (using herself as an example to show how she expertly executed her contract as an old student of AIT) The manager is giving special attention and respect to the new recruits and disregarding the efforts of the existing workers. 1. 11. In his final advice to the new boss, the outgoing CEO admonished him not to involve employees in his decision making since they will plant discourse, To him, he became successful because of that strategy 11.…arrow_forwardMatch each of the Signature Themes with the word or phrase that best describes it. Competition a) When they say, “I know how you feel,” others believe it Belief b) Is a natural planner and enjoys a structured environment Strategic c) Is never fully satisfied until they are the top performer Empathy d) Makes decisions and acts based on moral values Discipline e) Can see possible alternatives and select the best onearrow_forwardDevelop a comprehensive set of 25 heuristics covering various aspects of decision-making, problem-solving, and leadership. Divide the heuristics into different categories or themes (e.g., ethical considerations, effective leadership styles, decision-making frameworks). At least 4 heuristics should address ethical aspects. Include diverse perspectives and insights, drawing from course materials and personal experiences. Heuristic Format:Each heuristic should be presented as a clear guideline or rule of thumb.Provide a brief explanation for each heuristic, including rationale and relevance.arrow_forward
- How are the elements of group-think exemplified in the financial crisis?2. What could be done to reduce the effects of groupthink in the future?3. Do you think that increasing diversity in leadership positions in financial companies would reduce groupthink? Because?arrow_forwardFor this assignment, you are asked to reflect on your experience collecting information and writing up your Literature Review for your research study. Research Topic: An Investigation into Factors affecting Participation in cricket among adolescent females in St. Vincent and the Grenadines. You are to follow Gibb’s Reflective Cycle as your guide in laying out your reflection.arrow_forwardFirm size, industry competition, CEO power and discretion and the level of stress a a CEO's job entails are factors in determining what? Select one: a. How large a board of directors an organization must have b. Whether an organization can function internationally c. A CEO's compensation package d. Employees' level of job satisfaction and overall feeling of internal support of their supervisorsarrow_forward
- Maria Smith has a successful career in Marketing having lead numerous successfulmarketing initiatives at Zion’s operations in Oregon, USA. The majority of her initiativesresulted in improvements in the Company’s bottom line. Maria was known for her vision,humility and excellent relationship with staff. Maria led a team of ten (10) persons inOregon.As a result of her success Maria was offered an attractive opportunity to lead a team atZion’s New Zealand operation. The change would allow Ms. Smith to utilize hermarketing experience, as well as earn an attractive remuneration. Maria considered thechange an excellent opportunity, however, it meant a relocation for her family. Her familylived in Oregon for more than a decade. Based on research Maria noted that the marketingstrategies and leadership styles in New Zealand differed from what she traditionallypracticed and she found Hofstede's Six Dimensions of Culture informative. Mariarecognized the importance of being familiar with Goldman’s…arrow_forwardMaria Smith has a successful career in Marketing having lead numerous successfulmarketing initiatives at Zion’s operations in Oregon, USA. The majority of her initiativesresulted in improvements in the Company’s bottom line. Maria was known for her vision,humility and excellent relationship with staff. Maria led a team of ten (10) persons inOregon.As a result of her success Maria was offered an attractive opportunity to lead a team atZion’s New Zealand operation. The change would allow Ms. Smith to utilize hermarketing experience, as well as earn an attractive remuneration. Maria considered thechange an excellent opportunity, however, it meant a relocation for her family. Her familylived in Oregon for more than a decade. Based on research Maria noted that the marketingstrategies and leadership styles in New Zealand differed from what she traditionallypracticed and she found Hofstede's Six Dimensions of Culture informative. Mariarecognized the importance of being familiar with Goldman’s…arrow_forwardMaria Smith has a successful career in Marketing having lead numerous successfulmarketing initiatives at Zion’s operations in Oregon, USA. The majority of her initiativesresulted in improvements in the Company’s bottom line. Maria was known for her vision,humility and excellent relationship with staff. Maria led a team of ten (10) persons inOregon.As a result of her success Maria was offered an attractive opportunity to lead a team atZion’s New Zealand operation. The change would allow Ms. Smith to utilize hermarketing experience, as well as earn an attractive remuneration. Maria considered thechange an excellent opportunity, however, it meant a relocation for her family. Her familylived in Oregon for more than a decade. Based on research Maria noted that the marketingstrategies and leadership styles in New Zealand differed from what she traditionallypracticed and she found Hofstede's Six Dimensions of Culture informative. Mariarecognized the importance of being familiar with Goldman’s…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningManagement, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub