Pastan (2006) further noted, Ethical behavior in business is critical. When business firms are charged with infractions, and when employees of those firms come under legal investigation, there is a concern raised about moral behavior in business. Hence, the level of mutual trust, which is the foundation of our free-market economy, is threatened”. One of the cases where a business was charged with such unethical infractions is WorldCom. Scharff (2005) reported, “WorldCom, now named MCI, recently emerged from bankruptcy protection after reporting accounting irregularities of $11 billion”.
Low customer satisfaction is another internal weakness that is crucial to the success of CanGo. Another internal weakness includes severe communication issues within CanGo’s management and employees. External threats such as competition, plays a big role in the future success of CanGo. Your organizations internal organizational strengths such as online growth, and cost advantage offers great potential if properly utilized. Another external threat includes economic slowdown.
Companies must view themselves as part of an ecosystem; one entity in an interdependent interconnected environment. Each part of this ecosystem of business is impacted by the decisions and operations of the other parts. The organization of today and tomorrow has to adopt a system-centric model of business or suffer the consequences, most of which being dire and unforgiving. The key to business success is to make sure no part of the system is overlooked and undervalued. Research has revealed that there is a strong correlation between a stakeholder conscious organization’s
“This case demonstrated that managing employee misbehavior (and the perception of misbehavior) is important and challenging goal for managers and leaders” (Ivancevich, 229). Therefore CEO should set the tone for the employee to see what acceptable behavior is within a company (Ivancevich, 229). 2. Although all the CEOs were could at their jobs, one could still say that they were wrong for the job. Every company should be made up of the powerful guiding group with consist of the right people that demonstrated teamwork (Kotter, 43).
ALL WK 1, DQ’s: WK 1, DQ 1: What is a business’s obligation to build an ethical culture and balance its desire for profit with ethical responsibilities to employees, customers, society, and the environment? Ethics is different from one person to the next, so it is imperative that business clearly define the norm for staff members and management. The decisions organizations make influence more than business partners, affiliates, culture, and others. It is important for organizations center of attention on maximizing shareholder revenue. Therefore, maximizing profit without causing destruction to the business culture can be a balancing act for most organizations.
Introduction Upon reading this chapter, you may feel like you are preparing for a project management role rather than an information security role, but you’ll soon see that the interests of those who manage the business and those who safeguard it are intertwined. This chapter, more so than any of the other domains of the Common Body of Knowledge, deals with business management concerns: how to prepare for an emergency or calamity and how to respond and continue operations under suboptimal business conditions. 123 Information Security: Principles and Practices, by Mark S. Merkow, CISSP, CISM and Jim Breithaupt. Published by Prentice Hall. Copyright © 2006 by Pearson Education, Inc. ISBN: 0-558-86622-0 124 CHAPTER 6 | Business Continuity Planning and Disaster Recovery Planning In this chapter, you will learn about the goals of sound business continuity planning and disaster recovery planning, how these two types of planning differ, the types of threats that could invoke emergency planning and procedures, and several of the more prominent techniques organizations are using to plan for and hopefully prevent a disruption in business activities.
The problem to be investigated is the relationship between leadership, ethical stewardship and trustworthiness in corporate organizations. The relationship of the three elements is based on the culture of the organization. Since global market is very competitive, organizations depend on employees’ creativity, commitment and ability to make advancement (Caldwell, Hayes & Long, 2010). According to Caldwell, Hayes & Long (2010), “the importance of understanding the relationships between leadership behavior, perceptions about leader’s trustworthiness, and the ethical duties implicit in the psychological contract have become increasingly important”. The relationship is related to the needs of stakeholders and the ability to expect peculiar things from the organization so that they can maintain a trustful relationship in the organization (Castaldo, 2007, p. 57).
The fear brought many negative affects to the finances of companies and to the areas of auditing and consulting. Shareholders of many successful companies were now aware of how auditing and consulting led to a conflict of interest and were demanding that organizations address these concerns through the separation of auditing and consulting. Although these shareholders had the right intentions, the split requires further analysis to understand the implications of the Enron and Arthur Anderson relationship and the benefits and drawbacks to having one firm providing both auditing and consulting services. Events Leading to Separation Arthur Anderson’s contributions to the Enron disaster began with the change of focus of Arthur Anderson from unquestioned accounting ethics to generating income (Brooks, 2007). When one focuses primarily on making money other considerations become so unimportant that they rarely, if ever, enter the picture.
Ethical Filter Worksheet Here are the things that most effect my decisions, throughout my personal and organizational life. Although these are the values I believe are the most influential when it comes to ethical decision making, I believe ethics rely on the place and time of the decision (Þórarinsson, 2005). It is very difficult to say someone is going completely after these guidelines because when it comes down to it, it is very hard to say how someone will respond to a specific situation when he or she doesn´t have the experience he or she would have needed. Value Personal Source Justify the Value’s Position in the List. Include any challenges to employing these values consistently when making personal
If the executive failed to implements these changes than it negatively affect company performance and the image. Due to advancement in technologies the new market brings ethical dilemmas, higher customer’s expectation and increased demands. In addition to that the communication gap between executive and employees and communication gap between employee and customers are also important. I personally consider privacy issues might be most challenging in futures. Today, many companies gave reward card or special store discount to the customers and customer many or may not be known reason for that.