What is the nature of the ethical challenge

Assignment Help Management Theories
Reference no: EM131669831

Question: Sharpening Your Communication Skills

Your employer makes a grand show of promoting strong ethics, with regular classes, posters in the hallways, a toll-free hotline, and more. However, as the economy has slowed down over the past few months, you've noticed that company managers aren't always practicing what they preach. They're cutting corners on product quality and squeezing suppliers by not paying bills on time. They even launched a frivolous lawsuit against an upstart competitor that will do little more than drain the new firm of funds and delay its entry into the market. This isn't the same company you were once so proud to work for. Write a brief email message to your immediate supervisor, requesting a meeting to discuss your concerns.

Building Your Team Skills

Every organization can benefit from having a code of ethics to guide decision making. But whom should a code of ethics protect, and what should it cover? In this exercise, you and the rest of your team are going to draft a code of ethics for your college or university. Start by thinking about who will be protected by this code of ethics. What stakeholders should the school consider when making decisions? What negative effects might decisions have on these stakeholders? Then think about the kinds of situations you want your school's code of ethics to cover. One example might be employment decisions; another might be disclosure of confidential student information. Next, using Exhibit as a model, draft your school's code of ethics; identify general principles and then provide specific guidelines. Write a general introduction explaining the purpose of the code and who is being protected. Next, write a positive statement to guide ethical decisions in each situation you identified earlier in this exercise. Your statement about promotion decisions, for example, might read: "School officials will encourage equal access to job promotions for all qualified candidates, with every applicant receiving fair consideration.

Compare your code of ethics with the codes drafted by your classmates. Did all the codes seek to protect the same stakeholders? What differences and similarities do you see in the statements guiding ethical decisions?

Developing Your Research Skills

Articles on corporate ethics and social responsibility regularly appear in business journals and newspapers. Find one or more articles discussing one of the following ethics or social responsibility challenges faced by a business:

· Environmental issues, such as pollution, acid rain, and hazardouswaste disposal r Employee or consumer safety measures

· Consumer information or education r Employment discrimination or diversity initiatives

· Investment ethics r Industrial spying and theft of trade secrets

· Fraud, bribery, and overcharging

· Company codes of ethics

EXHIBIT: AT&T's Code of Ethics addresses nine areas of conduct and decision making. Selected guidelines for each of the nine principles are shown here; you can see the complete code at www.att.com (look in the "Investor Relations" section).

1614_6.png


1. What is the nature of the ethical challenge or social responsibility issue presented in the article? Does the article report any wrongdoing by a company or agency official? Was the action illegal, unethical, or questionable? What course of action would you recommend the company or agency take to correct or improve matters now?

2. What stakeholder group(s) is affected? What lasting effects will be felt by (a) the company and (b) this stakeholder group(s)?

3. Writing a letter to the editor is one way consumers can speak their mind. Review some of the letters to the editor in newspapers or journals. Why are letters to the editor an important feature for that publication?

Reference no: EM131669831

Questions Cloud

Mechanics of supply and demand : Using the mechanics of supply and demand, what does a tax do? How does it affect supply and demand and quantity in markets? one hundred words
Explain the postmodern approach of narrative therapy : Introduce the postmodern approach of Narrative therapy approach and why this approach is a good selected to review.
The change in equilibrium gdp : Suppose the government increases expenditures by ?$3 billion and the marginal propensity to consume is 0.6 By how will equilibrium GDP? change?
Develop a habit of doing things in the right manner : when you fill your mind with positivity and develop a habit of doing things in the right manner; you will end up doing no or fewer things wrong.
What is the nature of the ethical challenge : What is the nature of the ethical challenge or social responsibility issue presented in the article? Does the article report any wrongdoing by a company.
Major in english instead of mathematics : How could she explain to her parents, using logic from economics, why she chose to major in English instead of mathematics?
How important is effective communication during a crisis : How important is effective communication during a crisis? How important is stakeholder relations management during a crisis?
Impact on the equilibrium price and quantity : (1) Use demand and supply analysis to illustrate the impact on the equilibrium price and quantity in the corn market of the following.
Why might liberty media have wanted to help sirius xm : Other than for purely financial reasons (interest on the loan and potential gains from its investment), why might Liberty Media have wanted to help Sirius XM?

Reviews

Write a Review

Management Theories Questions & Answers

  Ineffective communication is the fault of the sender

Ineffective communication is the fault of the sender.?? Do you agree or disagree with this statement? Discuss

  Explain the major cost-plus approaches to price setting

Explain the major cost-plus approaches to price setting. Cost-plus pricing uses a base-cost figure per unit and adds a markup to cover unassigned costs.

  What is the probability of selecting a female student

What is the probability of selecting a female student? What is the probability of selecting a finance or accounting major

  What is the primary goal of the vulnerability assessment

What is the primary goal of the vulnerability assessment and remediation domain of the Maintenance Model? Is this important to an organization with an Internet presence? Why?

  What is noise

What are the objectives of promotion? The objectives of promotion are to provide information to consumers and others, to increase demand.

  Coop with brand-new machinery

Vlases, a coal miner who had always raised small flocks of chickens, spent two years building a new two-story chicken coop arge enough to house 4,000 chickens. After its completion, he purchased 2,200 one-day-old chicks from Montgomery Ward for th..

  Will project management work in all companies

Will project management work in all companies? - If not, identify those companies in which project management may not be applicable.

  Abercrombie v. united healthcare

In Abercrombie v. United Healthcare, Inc., 965 F.2d 1321 (5th Cir. 1992), cert. denied, 506 U.S. 1033 (1993), which of the following statements, if any, is true?

  Employees or independent contractors

1.Why is it important to classify workers correctly as either employees or independent contractors?

  Calculate and report the subgame perfect nash equilibrium

For the game described in Exercise 7, can you find a subgame perfect equilibrium that does not survive the iterated conditional dominance procedure?

  Performance management at vitality health enterprises

Performance Management at Vitality Health Enterprises

  Refer to the real world case on endpoint security

Refer to the Real World Case on endpoint security in the chapter. How do companies strike a balance between providing users with access to the information they need in the form that is most useful to them, while at the same time enforcing adequate..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd