This response likely had the added effect of offending their employee base by suggesting that their employees would utilize the program to steal from the company. This offense has the significant potential for lowering employee engagement and retention. Clearly, Company Q is not educated in how ethical conduct and social responsibility by a company can actually boost its profits. Their current position only serves to perpetuate the long lived consumer mind-set that companies are inherently dishonest and only have eyes on profit. It is unrealistic to believe that Company Q can instantly jump from their current posture to one of deep and meaningful social responsibility and corporate ethics.
Their position was lost revenue due to possible fraud and stealing by their own employees. These situations show a lack of compassion between Company Q and the community. The situations also show a lack of trust Company Q’s management has regarding their employees. It is my opinion that you cannot run a successful business if your management team has a lack of trust amongst the employees or not having the support needed from the community. * Part B Three actions that I would recommend for Company Q could take to improve the attitude toward social responsibility would be: In the higher crime rate areas Company Q could invest in a security process that would keep employees and the consumers safe.
It cause overstate inventory and understate the cost. Therefore, this has become the key factor of inherent risk. (2) The first risk is Company does not set internal oversight Institutions. In this case, shareholders did not set the relevant oversight institutes, but they firmly believe CEO (Hebding) decision, which led to the failure of internal control environment, in this case, Hebding can create different fictional accounts, aimed at the data meet the requirements of shareholders, but his aim is to deceive shareholders, and to reap more benefits. For example, Hebding instructed his employee to make false account such as understate expense, overstate equipment and inventory and so on.
When revenue is less than expenses, there is a problem. Identifying the overages in expenses is crucial because these costs have a negative impact on the performance indicators profit margin and return on equity. This is what the CFO, Sullivan, was trying to avoid. The purchase of the line leases was a bad business decision that caused a major problem for the company and rather than deal with the consequences of the bad business decisions, Sullivan and others tried to hide the problem. The internal controls monitoring provided by Ms. Cooper and Mr. Morse uncovered the fraudulent transactions meant to hide the losses incurred when the telecommunications business fell off.
What actions are available for the organization? b. What are the costs and benefits of action in both quantitative and qualitative terms 4. Potential Outcomes a. What will be the buyer, trade, and competitive response to each course of action?
Contingency Theory has various styles of leadership and no two workers are motivated the same way (Lewis, Packard, & Lewis, 2007, p. 278). Based on the interaction on how the supervisor and the employee’s role intertwined with each other it was clear to see that the supervisor assumed and expected certain expectations in the workplace and assumed that along with that the client’s needs would also be met. As we seen the situation play out we also noticed the lack of motivation to practice the token system with the clients coming from the employees’ point of view. The challenge there was that competency and practice of the method were not being held to the same standard as the supervisors’ vision. If the supervisor has a strong sense of that method and knowledge of it, the employees were not reflexing the same in this example.
ETH501 Normative Ethics: Utilitarianism and Deontology Case Assignment Module One Many of us wonder what would drive a manager, supervisor or CEO to make an immoral or unethical decision in their business practices. Some people may believe it’s because of money, greed or power. Most people using unethical practices would probably try to justify their actions by placing emphasis on the good that would come from their actions or what damage would be prevented as a result of their actions. According to a study, Why Managers Fail to Do the Right Thing: An Emperical Study of Unethical & Illegal Conduct, by N. Craig Smith, Sally Simpson & Chun-Yao Huang some people view the scandals of WorldCom, Enron and Tyco as a failure of moral an legal prohibitions. Others believe the long prison sentences for individuals involved in these fiascos are too severe for the crime they have committed.
3. What are a PCBU's duties under health and safety legislation? Assessment activity 3 What are some examples of financial and human resources necessary to ensure the effective operation of the health and safety management system? Assessment activity 4 1. When should consultation occur?
The behaviours which I believe makes my supervisor incompetent are: - Providing conflicting and contradictory information and instructions - Having a lack of knowledge of areas they are responsible for supervising - Displaying no leadership ability or authority, having no respect from staff - By lying, being deceitful and taking credit for other staff members work - Blaming other staff member for their own mistakes - Failing to provide training to staff members in their roles - Refusing to accept any feedback from staff How did that person’s incompetence reflect on workplace relationships and workplace effectiveness? Why do you think that is? Be specific.
It establishes a fundamental systems and processes for presenting and detecting misconduct, for investigating and disciplining, and for recovery and continuous improvement (Ferrell, Fraedrich, & Ferrell, 2011). The corporate governance did not protect the stakeholders because there was embezzlements from some employees and greed from the executive leadership. There was a lot of turnover at the executive level which made the organization weaken and may not able to carry out its mission. Not having this process in place to detect when there was some unethical acts being taking place has caused a lot of turmoil for this no-profit agency. There was not process in place to follow for recovery for when a mistake was discovered or a problem was reported.