2. Discuss the ethical conduct of AIG executives and how a stronger ethics program might help the company to strengthen the ethics of its corporate culture. 3. What could AIG have done differently to prevent its failure and
Does O2005 support or impede SK-II's transfer worldwide? There is a dilemma here. On a conceptual strategic level O2005 supports a worldwide rollout. Yet since this rollout seems to still take place and cause more havoc than expected many executives are confused and therefore the potential for failure is enhanced. Thus, even though everyone may have a good intention, the worldwide rollout may fail just for reasons of the putting in practice the O2005 plan, such as – organizational change, changes in management structures and the various implications from operations via marketing to the sales.
• There is a high staff turnover, particularly with new members of staff leaving the company as soon as they have been trained. There are particular problems in the East Cheam bistro, with high staff turnover, poor financial results and quality standards not being met. (151 words) Part (b) I have chosen to use a SWOT analysis from study session 2 to analyse the situation. I believe this is useful as it can outline the current problems experienced by the Lodge chain and identify how opportunities and positive factors can be used to remedy these and take the business forward. The concept of a SWOT analysis identifies strengths, weaknesses, opportunities and threats affecting a business.
Business therefore needs a moral compass in addition to its practical reliance on measures of profit and loss. The CRT pRINCIPLES The Caux Round Table’s approach to responsible business consists of seven core principles as detailed below. The principles recognize that while laws and market forces are necessary, they are insufficient guides for responsible business conduct. The principles are rooted in three ethical foundations for responsible business and for a fair and functioning society more generally, namely: responsible stewardship; living and working for mutual advantage; and the respect and protection of human
In this specific case of research for the Houston Improv, the main party that suffers from any form of injury is the employee giving service. Employees getting continual negative comments or ratings could be suspended or terminated, and hypothetically could seek retribution on the customer that initially complained. Unethical behavior not only effects individuals but can affect the organization as well. The company could face injuries if defective data is obtained and viewed as a serious issue, reassessed by management, processed into a plan, implemented, and eventually found to be obsolete, which in the end, cost the company time, money, and may even damage their reputation. Additionally unethical behavior can cause a societal impact by shifting consumer’s opinions of service industries and establishments if continual unethical behavior is revealed to the public eye, therefore, causing less people to attend those types of
In this case study, it is representative that Nike has to implement many plans and strategies to change this unethical practice. They pair up with other corporations in order to improve labor. Nike also agrees to work with government agencies to make sure they are taking the right steps forward. Another perspective of this case would say that the main idea in this case is how unsafe the working environments were for many of the Nike employees in foreign countries. It is evident that young children, women, and men were forced to work in environments that could and were
Minimum wages was one of the topics discussed that had many influences toward product pricing of businesses. It is important to understand these concepts and understand the political decisions that may influence the strengths of companies whether they are massive or small. Understanding the negative impacts and comparisons between companies can also help individuals understand the weaknesses that may cause failure to the growth and structure. Some of the factors given in the material for this week have proven severe consequences to past businesses. These factors are very “eye-opening” when discussing the factors that could cause businesses to be put out of business or lose substantial returns on the
Personal Values According to The Williams Institute for Ethics and Management, a person’s perspective of what constitutes ethical decision-making depends on his or her alignment to “Character, Obligation, Results, or Equity”. The character results align closely with those of Wal-Mart. The results state that the ethical profile mostly represents character. Character means, "Good people demonstrate good actions. Good intent based on good character is more important than good outcomes" (Ethics Survey, 2012).
Ethical Case Analysis When considering an environmental ethical dilemma, one must think about the stakeholders who will be affected. In this case, there are many stakeholders inside and outside of the company. The first and most obvious stakeholder is Chantale Leroux. She is the person who has been put in the center of the dilemma and has to decide on how to handle it. She knows that the moral and correct action would be to report the wrongful disposal of the hazardous waste; however, she is put in a difficult situation that could potentially affect her employment at Avco Environmental Services.
In our textbook, Essentials of Business Law, there is a quote that says: “In the abstract, there is agreement that business should be conducted in ways that will not harm the consumer or the environment. What is the most effective way to achieve this?” (Liuzzo 23) The question posed in this quote is the same question being faced by businesses all over the world and one that I believe a moral minimum can help answer. A moral minimum is vital in setting the standard for good business practices. In order to establish these good business practices and moral minimum, a business sets simple and mandatory rules to abide by. These rules serve as a simple guideline, and if they are followed it is assumed that they will provide the results the business seeks, but if they are not followed it will lead to undesirable