Right Vs Right “Sometimes business owners or managers will be confronted with a difficult problem which will question one’s morals and responsibility. These situations are called right versus right and not right versus wrong. In a right versus right situation a business owner or manager must choose between two ways of solving it the problem. Each alternative is the right thing to do, but there is no way to do both”. (Badaracco 1) In this essay I will put myself in the position of the business owner and analyze the case from “Blindsided by Bankruptcy” by Ciulla Martin and also a case from “Defining Moments: When Managers Must Choose Between Right and Right” by Joseph L. Badaracco, Jr.. I will come to a conclusion about the moral dilemma in …show more content…
It’s a three millions dollar commitment and will give it to me on great terms, despise that fact I already own Rolex five million dollars. The two choices in this case is to accept Mr. Bultmann’s offer or not to accept his offer, which both are right decisions for my business. If I decide to take the Mr. Bultmann’s offer I would be taking my attorney advice to stock up on my inventory, which I will use to help me get through the Chapter Eleven. Since I been doing business with Mr. Bultmann for years I wouldn’t disappoint him and he trusts that I would catch up with payments. If I don’t accept his offer I would not be putting my business is three million dollars more in debt. I could avoid the possibly of failing to sell the new line of watches, which would hurt my relationship with Mr. Bultmann because I am known for being a constitutionally honest person. I would accept offer his for the three millions dollar commitment. At this point I will do anything to get through Chapter Eleven and stocking up my asset is the best decision for my business. The Rolex watches are an unsecured loan if they don’t sell I can just must give the watches back. I can’t lose I am already filing for Chapter Eleven. My aunt was in a similar situation where her restaurant had a rough winter season and out a loan from the bank in order to keep her business running. With the loan she was able to put by her business on its feet and now own three restaurants and paid off her
This article attempts to explain how personal, cultural, and organizational values play significant parts in decision-making. In addition, the foundation of ethical dilemmas can
My recomendation is to invest in this company. The market is growing and the industry is new. With reasanable prices, people will love to travel and visit different places. The managment have the experiances to do day by day operation and they hire the best salesmen and give them the opportunity and time to manage thier trips. Also, the company are very conservative with thier projection plan. A new company started running back to back charters and made a profit of 500,000 during the first year. The risk is that there is no assets for the comapny in case if the business didn’t work and they want to sell it. Also, it is a one man show by Steven with his experiances and knowledge. Moreover, other companies can steal the salesmen by better offers. To reduce these risks, they need to give some ownership to most of the salesmen and to make sure
Management is often faced with ethical dilemmas that have no clear cut correct answer. In our case study, (1)Desperate Air, George Nash, Vice President of Real Estate faces a conflict of values similar to the CEO in Seglin’s article, “How to Make Tough Ethical Calls”. They both want to tell the truth and they want to protect their companies, their investors, their employees, and their own livelihood. Neither Mr. Nash nor the CEO conducted a through examination of the problem they faced. I believe the decision to remain silent made by both Nash and the CEO to be short sighted, based solely on short term profit, and would not have been the route I would have taken.
Ethical dilemma is the concept of a complex situation where there is no apparent answer or there are two competing solutions (Winch). It is unlikely that one will achieve the correct answer in an ethical dilemma as the answer will vary due to several factors influencing the person’s reasoning. Factors such as culture, environment, education, family, religion, age, gender, media outlets, etc. can influence someone’s point of view in an ethical dilemma. The case study, “Bankruptcy at the Philadelphia Inquirer” represents a dilemma with no clear or apparent answer.
Joseph L. Badaracco, Jr.’s book, “Defining Moments”, focuses on the ethical decision making process of “right versus right” from a management standing point. In reality, ethical decision making has two types of conflicts:”right versus wrong” and “right versus right”. “Right versus right” decisions are considered as the “grey” areas of ethical decision making. Badaracco saw the need to focus on it as “right versus right” decisions play a large role in ethical decision making for managers in real –life. To do so, he written “Defining Moments” as a way of showing the significance of “right versus right” decisions, their effect on decision making, and methods on resolve the dilemma posed by “right versus
The case illustrates the ethical dilemma Lopez faces during her tenure in Imatari- an ecommerce startup company that developed ecommerce businesses either by buying out or by imitating the plan from other players. Lopez a fresh Harvard business graduate faces a deadlock between ethical values and professionalism while working at imatari. Since the company have severe Human resource practices and business strategy, Lopez has to decide whether to pursue he career with the organization or not.
The owner of Hansson Private Label (HPL) must determine whether or not to accept an aggressive expansion project that would preclude the company from pursuing any alternative investment opportunities for several years. The investment, if successful, would offer numerous benefits to the company, capturing greater market share, strengthening relationships with major customers, crowding out competition and increasing firm value. Nonetheless, the decision carries significant risks and could lead to a substantial decline in firm value, if not bankruptcy, should any number of variables prove unfavorable to HPL. Moreover, the project relies heavily on a contract with a single large
Initially, it may seem as though right and wrong are starkly divided, such as the colors black and white are starkly opposite. Despite this conviction, I’ve grown to understand that strictly categorizing these entities are of inept and inconsiderate nature. Similar to how most articles in the world are neither black, nor white, most ideas, motives, and tangible and intangible objects fall in between the classifications of right and wrong. Appropriately labeled “the grey zone”, actions that challenge the implemented structure of morality conflict the subjective judgement. When the situations of doing the wrong thing for the right reasons and doing the right thing for the wrong reasons arise, I must elect that there are circumstances in which the former is acceptable and justifiable.
The idea that it is sometimes important to stand back and, rather than putting the business’s motives above all, we analyze the consequences of actions we may take and decide to make the ethical choice seems to recall the idea that we
Management constitute amongst major components of a company, organization or a business. As such, management oversees employees interactions with their supervisors and also control of people within a particular organization. Also, it includes critical and ethical decision-making process so as to address various ethical dilemmas experienced by employees while undertaking their respective assigned duties within the company. Ethical dilemmas are hereby to stay as issues usually arise now and then and place a variety of options that bear different repercussions. Therefore, it calls for ethical and critical decision-making skills so as to make the most appropriate option that bears more benefits in comparison to other options presented. While making ethical decisions, it 's substantially important to play heed to a certain ethical decision-making theory. This would enable an individual making the decision to ripe best possible consequences rather than living to regret. Moreover, ethical decision making is typically important in business as making a wrong decision may result not only in huge losses but also poor relationship amongst colleagues and miserable life for employee(s) working in a particular company or business in question.
As already observed above, the leaders have the responsibility of making the decisions in the firm. They should consider the ethical as well as moral aspects as they make the decisions, and should be sure to make decisions that lead to the benefit of the parties involved. In order to make such decisions, there is need to observe some procedures as indicated in the essay below.
From time to time, corporate executives encounter ethical dilemmas that seem rather challenging. In this text, I concern myself with an ethical dilemma faced by the top leadership of Nutritional Foods Inc. In so doing, I will amongst other things explain (in detail) the actions I would take were I to find myself in a similar scenario. I will also explain not only the reasoning behind my actions, but also the results I would be expecting.
Straight on, business has a predicament either to maximise profits for shareholders or to have a moral
All employees (including the company executives) should be guided by moral principles and ethical values when making decisions (Balc & Simionescu, 2012). The ability of executives to make ethical decisions can be influenced by their cognitive bias (Zeni, Buckley, Mumford & Griffith, 2015). Utilitarianism is one of the frameworks that can be used to address ethical dilemmas. Utilitarianism holds that decision makers should take alternatives that maximize the happiness of the majority of the stakeholders (Choe & Min, 2011 and Marques, 2015). This presentation will discuss how the 8-step ethical decision making process can be applied when addressing a dilemma using the utilitarianism framework. The presentation will also guide the executives of Toyota on how to address the negative publicity associated with the production of cars with faulty acceleration system.
When one asks himself/herself these questions, one’s inner conscience becomes active and then end up asking oneself the ultimate question: “Is it right or wrong”? If only management made all their business decisions by firstly considering other factors that would be affected by the decision issues such as bribery and fraud.