EBK STRATEGIC MANAGEMENT: CONCEPTS
3rd Edition
ISBN: 8220102807938
Author: Rothaermel
Publisher: YUZU
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Chapter 11, Problem 1ESI
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To determine: The ways in which the pressure to improve short-term financial conditions combined with output controls contribute to unethical behaviors.
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Give a scenario wherein managers act unethically because of pressure.
How can a company’s code of conduct help safeguard against illegal and unethical actions being taken by employees when facing such pressures?
An organization's code of ethics establishes the moral standards or guidelines that each employee must follow when making decisions and acting. As you evaluate the content, organization, and tone of the code, keep this statement in mind.
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- What steps must be taken to ensure the success of employees' management participation?arrow_forwardCongress passed the Employment Retirement Income Security Act to protect employee benefits including pension or retirement benefits. Answering the following questions. What protections does ERISA provide to employees in general? Why are these protections important? Can employees truly rely on benefits such as health insurance and retirement?arrow_forwardTHE RIGHT TO CHOOSE?! After months of struggling to stay afloat during the pandemic and as people are returning to work in person, companies are grappling with the new challenge of whether to require workers to get vaccinated. Some companies, faced with the prospect of liability issues and out of concern for health and safety, decided to attempt to force their employees to get vaccinated if they want to continue working or return to the office. Some experts are calling on employers to make it mandatory.(a) Is it unethical for private businesses to refuse to continue to employ or serve unvaccinated individuals? Why?(b) Is it Illegal? Is whether an action is legal or illegal a determining factor for whether certain actions are ethical?arrow_forward
- What are some discretionary benefits that a company could eliminate? Whyarrow_forwardDo you believe the punitive action of revoking and denying petitions and not issuing refunds go far enough to punish those who abuse the H1-B filing process? If not, what other measures would you suggest to deter this behavior?arrow_forwardHow do internal controls such as separation of duties, redundancy, and centralized processes discourage employees from committing fraudulent acts?arrow_forward
- Management How can businesses effectively analyze and monitor the business environment to identify opportunities and anticipate potential threats or challenges?arrow_forwardWhat are some benefits of maintaining compliance? How can you make employees and managers care about compliance? Identify a compliance training in your organization and a strategy you can use to engage employees in the training.arrow_forwardIn Unit 3 of B293 you learned about the following three theories of corporatesocial responsibility:(i) shareholder value theory,(ii) stakeholder management theory, and(iii) social contract theory.For each of these three theories, explain in your own words in one shortsentence what the core claim of that theory is. In addition, provide one argumentfor and one argument against each of these three theories.arrow_forward
- What is a company’s responsibility for its impact on the climate? For example, if operations in one country contribute to rising global temperatures that lead to greater floods in another country, how should the company respond? When a company operates in countries with lower cost, what are its obligations, if any, to the workers in those countries? What standards should it meet for pay rates? You have a job that you enjoy, and you work 40 to 45 hours per week. How much off-the-job volunteer work would you do? What kinds of volunteer work? How would you react if your boss made it clear he or she wants you to cut back on the outside activities and devote more hours to your job? What are the arguments for and against the concept of corporate social responsibility? Where do you stand, and why? Give your opinions, specifically, with respect to the text examples. What is the current status of the Sarbanes-Oxley Act? What do executives think of it now? What impact has it had?arrow_forwardWhy would a company continue to pursue illegal and/or unethical actions even after the deception has been uncovered? What policies, practices, or structures could be incorporated in a code of conduct to ensure that such deception was revealed sooner?arrow_forwardWhat is the purpose of company policies and procedures and for whom are they developed?When presenting your answer, you must:Provide an example of a policy or procedure at your workplace (if you don't work, you can use an example from a company you select.)Identify how this procedure contributes to the company and which people it impacts.arrow_forward
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