The Case of the Sole Remaining Supplier Essay example

Unfortunately, the creation of SOX and a code of ethics in no way guarantee’s that everyone will follow the rules; people will always find a way to circumvent the system or misrepresent the code’s intentions. Even the most robust ethics program needs constant oversight to remain effective. The pressure to increase profits and market share can lead executives to push the boundaries of ethical business behavior. Despite the passage of SOX, some of the largest and most well-established companies are currently crossing those boundaries.

Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,

Every business develops a set of ethical principles that they abide by. The business ethical principles intentions: it construct the business certainty in the community , maintain the employees liveried in what the business attempt to have as structural conducts and aid the employees consume principles to make ethical choices that guards the business. In a culture with a diverse assessment structure and augmented judgment visibly by companies with changeable ethics and interests, there appears to be further difficulties on business individuals to make tougher ethical assessments. In our day-to-day performances, we depend on on our ethical principles to monitor us in the correct path and do the correct things. The substance of any efficacious and perpetual business is they segment a mutual ethical matter concentrating on presenting and generating value along with allocating their business values with the citizens they network with on a day-to-day basis.

Under this task I will explain the ethical issues that business needs to consider in its operating activities and how a business they could improve the ethical of their operations and also I will evaluate the influence of stakeholders exert in one company.

As many things in life, ethics has evolved through the history of our society. As anyone who has ever has read the news can attest, there are certain behaviors and tradition typical in societies around the world that may seem unethical and, sometimes, inhuman when seen through our ethical point of view. However, we often forget that many of those behaviors and tradition were, not only accepted, but expected in our society at one time. As our society changes over time, our moral code and compass shifts changing our outlook and tolerance for certain behaviors. And, as in other aspects of our society, the way we conduct business is no different.

The second issue to be analyzed counters that possible result. If the transistor company were to continue in business then there lies the opportunity to save countless lives that could benefit greatly due to the technology. Yes, the company is putting itself at risk, but for the result of saving people who really need pacemakers. It is known that pacemakers have failed before, but it can be assumed that the aforementioned pacemakers did not have this company’s transistor in it or else they most likely would’ve already left the contract. That being said, there is the possibility that the other transistors that were being used were just poorly made (Shanks, 1996). As a result of this, the main Utilitarian issue being presented is does the company end the contract and not take the unnecessary risk associated, or do they continue the contract and potentially save countless lives?

The Ethics Game Simulation is a tool created to teach how the decision-making process affects various stakeholders, and the ethical value of the decision determinations. Business organizations have encountered new challenges of ethical awareness with the increased globalization of industries and markets. People of many cultures, social statuses, and religions are joined in various business opportunities and projects via the World Wide Web. Core values of many companies must consider general humanity as the employee versus specific geographic regions of people and societies.

Organization leaders have a responsibility for upholding the proper standards as they pertain to ethical behaviors in the workplace. Leaders are constantly faced with making the best decisions possible for their corporations and to increase profits for company stakeholders. Unfortunately, some stakeholders do not always make the right choices, especially when the wrong one choice is more enticing. My research will determine the stakeholders invested in PharmaCARE, analyze the ethics of their treatment of the indigenous population and its rank-and-file workers versus the executives, and determine whether Allen can legally fire a few of his employees. Also, determine

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.

In our case study, the patients and the families are the people affected by the pacemaker. Secondly, we evaluate the best option. This is covered by examining the benefit and cost of everyone affected. In our case study they stated they would like at what would be a viable option. Third, we select the action in the current situation that produces the greatest benefit over the cost for all the affected people. The pacemaker not only affected the customer and the end user and their families but our stakeholders (employees) who have this job producing transistors for the pacemakers. Therefore no longer producing the transistor will also affect your company and the employee moral around the company. Lastly, management has to evaluate the actions based on whether their decision would be a policy for other analogous scenarios.

The assumption that ‘it’s easy to be ethical’ assumes that individuals automatically know that they are facing an ethical dilemma and that they should simply choose to do the right thing. But decision makers may not always recognize that they are facing a moral issue. Rarely do decisions come with waving red flags. Dennis Gioia was recall coordinator at Ford Motor

In today's business and personal world, ethical decisions are made on a daily basis. Most of these decisions are based on company ground rules. The others are based on personal ground rules. All decisions can have a number of ground rules that help us determine whether our decision is ethical or unethical. Each decision whether it is based on company or personal ground rules will have its own set of implications. In the following paragraphs I will discuss the impacts of ethics on decision-making, discuss the elements of an ethically defensible decision, define what the ground rules are; what they could be and what they should be, discuss

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.

In a world where loss of reputation can mean the difference between achieving positive revenue, maintaining market position or suffering substantial losses, it has become increasingly important to not only remain at the top of your field in manufacturing and innovation but to also demonstrate sound ethical practices. In order to be seen as a valued organisation and most importantly a

Every organization also has a profession responsibility to conduct business honestly and ethically. Our readings reported, “Experts estimated that U.S. companies lose about $600 billion a year from unethical and criminal behavior” Kinicki and Kreitner (2009). The organization could avoid having ethical issues by meeting the