...LS312 Unit Eight Cost Justified Minicase Tapestry Dalrymple February 5, 2013 The stakeholders in the Cost Justified Minicase are Joe the District Manager of Computer Operations, Mary, Joe’s supervisor, the CEO, the employees, the shareholder, and the company. The interests of the stakeholders are avoiding scandals, following legislation by knowing the security laws, understanding public interests, and displaying accountability. Every stakeholder has the rights and responsibility to promote honesty and integrity from management. This case applies to the Securities Acts and the Sarbanes-Oxley Act. Joe and Mary participated in illegal and unethical actions. Both knew there was a performance problem but reported a misrepresentation of the recently installed system that was actually not achieving the expected results. Mary requested a report to be written by Joe that the system was performing as projected even though it was not and send a copy to the CEO. It was also a request for Joe to send in a report that the savings portrayed in the original justification documents are being achieved. Joe worked hard to achieve his goals in the company and was worried about Mary’s request and the statement she made to him about having doubts about his ability to perform as a District Manager for the company because of his reluctance to her request. This misrepresentations affect the company financially and the shareholders...
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...correctness may not be clear-cut. It is important that a shared vision of acceptable behavior develop from an organizational perspective to create consistent and reliable relationships with all concerned stakeholders. Understanding the ethical decision-making process can help individuals and businesses design strategies to prevent misconduct. Three of the important components of ethical decision making are individual factors, organizational relationships, and opportunity. Significant individual factors that affect the ethical decision-making process include personal moral philosophy, stage of moral development, motivation, and other personal factors such as gender, age, and experience. Moral philosophies are the principles or rules that individuals apply in deciding what is right or wrong. Most moral philosophies can be classified as consequentialism, ethical formalism, or justice. Consequentialist philosophies consider a decision to be right or acceptable if it...
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...project, less investment needed and government aid in tax. And the stakes for Merck as a company would be the corporate ethic it has pursued and Merck’s need to develop another new successful prescription. Q2. How does Merck pick from among the many ways to “do good” and many drugs to invest in? Merck took 12 years and $200 million to bring a new drug to market on the average. And thousands of scientists worked on new ideas and following new leads. It uses various methods to choose the project through extensive review and analysis on the basis of the likelihood of success, the existing market, competition, potential safety problems, manufacturing feasibility and patent. Q3. How much of its research budget should Merck invest in drugs that will likely produce a substandard return on its investment? The research budget should be considered in research/development expenses, expected income with the tax benefit from the government, and mostly the effect and impact based on the corporate ethics and morale. Q4. What should Merck tell a shareholder who might complain about a decision to invest in research on river blindness? The overall corporate philosophy of Merck is based on the idea that medicine is for the people and never for the profits as the profits follow. And the profits would get larger as the company remembers the idea better. With the corporate philosophy, Merck should tell the fact that the amount of the investment would be less than the usual for that ivermectin...
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...correctness may not be clear-cut. It is important that a shared vision of acceptable behavior develop from an organizational perspective to create consistent and reliable relationships with all concerned stakeholders. Understanding the ethical decision-making process can help individuals and businesses design strategies to prevent misconduct. Three of the important components of ethical decision making are individual factors, organizational relationships, and opportunity. Significant individual factors that affect the ethical decision-making process include personal moral philosophy, stage of moral development, motivation, and other personal factors such as gender, age, and experience. Moral philosophies are the principles or rules that individuals apply in deciding what is right or wrong. Most moral philosophies can be classified as consequentialism, ethical formalism, or justice. Consequentialist philosophies consider a decision to be right or acceptable if it...
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...Conscious capitalism is a new philosophy. This philosophy believes that business can improve the corporate performance and the quality of the people’s life (Conscious Business Community, Australia, n.d.). The basic elements of the conscious capitalism include trust, compassion, collaboration and value creation. Hence, if the people who are directly or indirectly involved in the business practice this concept, it enriches their life (Conscious Business Community, Australia, n.d.). The belief of the conscious business is, the right actions taken for the right reasons will bring good (Mackey, Sisodia & George, 2013). Ethics is the moral values that set the standards of behavior. This decides the right and wrong, of a person...
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...discovered the issues while auditing GM cars at rail yards across the country, a spot check of vehicles before the cars were cleared to be delivered to the dealers. McAleer was taken off the audit as a result, who subsequently sued the company seeking whistle-blower protection. The case was eventually dismissed by a judge in favor of GM. The judgement only increased Kelley’s concerns and he continued the efforts McAleer had started. He first approached his direct supervisor, George Kingston, about his growing concerns. But it did not seem to have any effect on Kingston since he was not provoked to take any actions. Kelley’s experiences at GM raised serious questions about corporate culture, whistle-blowing, and social responsibility. Kelley faced the ethical dilemma of striking a balance between corporate and social responsibility. On one side he wanted to remain loyal to his employer by not harming the company but to save it, and because he thought it was the right thing to do. Kelley’s insistence, that he was proud to be at GM while taking an offense at his neighbor who inadvertently slighted the automaker, is indicative of his loyalty to his long time employer. On the other side Kelley also felt the social responsibility and wrestled with taking his concerns public. Based on his previous experiences he was fully aware that he could quite easily lose his job. Since Kelley felt strongly enough that people could die from the safety issues he decided to sue the company on Jan...
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...either; their damages may range from a few hurt feelings, to billions of dollars. In a fast paced and fluctuating economy, employee behavior is an integral part of effective businesses. Now, more than ever, employee behavior has changed from other years. According to Archie Carroll and Ann Buchholtz, some of the most important ethical issues involving employees are the entitlement mentality and victimization philosophy (Carrol & Buchholtz, 2012). From large corporations to smaller, independent firms, some of the major problems stem from employee behavior. It has become apparent that the increased use of the television, cell phones, and social media, has created a society that has focused on the criticism of business practices and ethics. This, in turn, has brought many positive changes, such as establishing stricter laws prohibiting discrimination in the workplace against employees on the basis of race, religion, and gender, among other positive aspects. On the other hand, there are growing numbers of individuals that believe themselves to be victims of corporate practices and often engage in fraudulent behavior and seek legal actions against corporations for false motives. Some claims are just downright outrageous, for example, some individuals that do not receive a full-15 min. break or are forced to carry a box that is 3 lbs. and it is not put in the description of duties is sometimes enough to file lawsuits against businesses in an effort to be compensated with large...
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...the following short-answer questions fully and in your own words (it is acceptable to quote short definitions directly from the text). Please submit your typed answers either in class or online in blackboard (as an attachment submitted under the assignment — worth between 4-7 points each). a. Discuss and describe 3 of the factors described in chapter S in ethical decision making. In your answers describe the factor and discuss its role in ethical decision making (7 points). n b. Discuss the role of leadership in corporate culture and ethical decision making (4 points). c. Discuss and describe 3 habits of strong ethical leaders (7 points). d. Choose either Egoism or Utilitarianism to discuss and describe. In your answer you should discuss how the theory you chose is a Teleological theory and describe what it looks like to apply the theory you chose in business (7 points). e. Discuss and Describe Kant's Deontological moral philosophy. In your answer you should discuss and describe at least one version of the categorical imperative and define deontology (7 points). f. Discuss and Describe Relativism and what it may mean to apply this theory in business (5 points). g. Discuss and Describe Virtue Ethics and describe what virtue ethics means in business (6 points). h. Discuss and Describe the Kohlberg's model of moral development. In your answer you should briefly describe the distinct stages of moral development (7...
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...An ethical Perspective can be seen as a Moral standpoint in which we choose to view/consider something. The lack of both external and internal regulations as well as a management philosophy that encourages cost cutting and risk-taking ultimately caused the Deepwater Horizon explosion and subsequent gas leak. While talking about ethics, it can be argued that, “The individualistic business theory states that the only obligation for a company is to make a profit.” This means that a company can do whatever it takes to make a profit, as long as they stay within the legal boundaries. In this case, BP did not do anything unethical because the accident was a result of mechanical failure. If the employees knew of this and did not do anything to fix it, it would be considered unethical behavior. But since they had no knowledge of what was happening, they did not do anything unethical. Duty...
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...The Thief of Time The Thief of Time Philosophical Essays on Procrastination Edited by Chrisoula Andreou Mark D. White 2010 Oxford University Press, Inc., publishes works that further Oxford University’s objective of excellence in research, scholarship, and education. Oxford New York Auckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico City Nairobi New Delhi Shanghai Taipei Toronto With offices in Argentina Austria Brazil Chile Czech Republic France Greece Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Thailand Turkey Ukraine Vietnam Copyright © 2010 by Oxford University Press, Inc. Published by Oxford University Press, Inc. 198 Madison Avenue, New York, NY 10016 www.oup.com Oxford is a registered trademark of Oxford University Press All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Library of Congress Cataloging-in-Publication Data The thief of time: philosophical essays on procrastination / edited by Chrisoula Andreou and Mark D. White. p. cm. Includes bibliographical references and index. ISBN 978-0-19-537668-5 (hardback: alk. paper) 1. Procrastination. I. Andreou, Chrisoula. II. White, Mark D., 1971– BF637.P76T45 2010 128'.4—dc22 2009021750 987654321 Printed in the United States of...
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...pratice and ethics paper hcs405 Reporting Practices and Ethics Paper By Ben Parks Introduction Every successful business has considered a role in reporting practices and ethics to be a significant part to their success. For many companies it can be a difficult burden when faced with the ethical compliance and accuracy for financial management. In this paper we can discuss the basic elements of financial management reporting practices and ethical standards in a health care world that is reforming as we speak. With great amount of changes will comes accountability to everyone inner and outer of the organization. This subject will explain the elements of financial management, general financial ethical standards, and will oversee some corporate scandals involving ethics, fraud, and abuse. The way an organization correlates, organizes, and prepares the reports for its financial information is part of its financial practices that it adheres too in order to accomplish the goals for its ethical standards. Today’s health care plans play a very important role in financial management. A company would be unable to operate without proper financial planning. The importance of storing and tracking all accounting records while being up to date will be the main factor as to whether the guidelines are being followed. This also allows the outer management to determine how the company is doing as a whole and also be aware as to where most of the funding is going. With new procedures coming...
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...HSM 230 Week 7 Appendix D What are some potential legal and ethical issues present in this case study? There many things wrong in this case. The first is fraud. Taking money from possibly government and private funds and not using them for intended purposes. Embezzlement is another because obviously they are using the money saved for private reasons. The total disregard of the people that they are supposed to be helping. He has opened the entire origination to law suits and public scrutiny. How would you characterize the director’s behavior? Criminal, immoral and unethical. Is the director an ethical role model? Why or why not He is not ethical. He went against the subordinates thoughts. He used another employees input that had never been to the facility. He did not care about the residents’ fears or concerns. He did not take the law into concern. Were the director’s messages congruent with the organization’s stated mission? Explain your answer. No. In this mission statement it states to improve the quality of life. He injured people although they were not serious he did not improve it. He went as far as not to take the advice from Ms. Armstrong. What impact did the director’s actions and attitudes have on the Acre Woods culture? There are a few. He could be considered to be a sexist because he overlooked the advice from a female employee and he promoted a male that had no regard for the residents. His actions make Acre Woods appear as though there...
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...P LA T O and a P LAT Y P U S WA L K I N TO A B A R . . . Understanding Philosophy Through Jokes < T H O M A S C AT H C A RT & D A N I E L K L E I N * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * P l at o a n d a P l at y p u s Wa l k i n t o a B a r . . . PLATO and a PLAT Y PUS WA L K I N T O A B A R . . . < Understanding Philosophy Through Jokes Th o m as Cat h c a rt & Dan i e l K l e i n A B R A M S I M AG E , N E W YO R K e d i to r : Ann Treistman d e s i g n e r : Brady McNamara pro d u c t i on m anag e r : Jacquie Poirier Cataloging-in-publication data has been applied for and may be obtained from the Library of Congress. ISBN 13: 978-0-8109-1493-3 ISBN 10: 0-8109-1493-x Text copyright © 2007 Thomas Cathcart and Daniel Klein Illlustration credits: ©The New Yorker Collection 2000/Bruce Eric Kaplan/ cartoonbank.com: pg 18; ©Andy McKay/www.CartoonStock.com: pg 32; ©Mike Baldwin/www.CartoonStock.com: pgs 89, 103; ©The New Yorker Collection 2000/ Matthew Diffee/cartoonbank.com: pg 122; ©The New Yorker Collection 2000/ Leo Cullum/cartoonbank.com: pg 136; ©Merrily Harpur/Punch ltd: 159; ©Andy McKay/www.CartoonStock.com: pg 174. Published in...
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...iEhics There are a lot of famous person influencing the world just because they created something extraordinary which we utilize it every day. Steve Jobs was one of the greatest people who affect our lives not only because his amazing products, but his creativity has enhanced the current products to follow its style and design. For example, the iPhone have led the chief of cellphone industry; the iPad is leading the android tablet and windows tablets to follow its shape and design. That is only the positive side of him. What about his negative side about the ethics of a successful businessman and inventor can be barely seen? Not everyone is perfect. Steve Jobs was one of the kind. The categorical imperative is the best term that depicts Steve Jobs’ behavior because he broke the contract with the shipper. As the categorical imperative telling us, we should not adopt a principle if we cannot make a promise to others. When Steve Jobs returned to Apple as a CEO, he complained that their shipping company did not do their work fast enough and did not even ship Apple’s spare parts on time (AUSTEN). However, the shipping company said they could not do better anymore and they didn’t want to do. Because the shipper has signed a contract with Apple, Apple would involve lawsuit if they break the contract with the shipper. Without any consideration, Jobs did not want to play game with the shipper any more, then fired the shipper. Then of course the shipper did sue Apple. Consequently,...
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...Explain Plato’s analogy of the cave. (25 marks) The analogy of the cave is written in Plato’s famous book known as Republic. It is one of the three similes he uses to illustrate his theory of Forms. Plato uses analogy to help describe philosophical difference between physical world and the difference of the world of forms. In short the analogy explains to others about the physical world as nothing but full of illusion. He describes the true reality is to be found in the eternal unchanging world of forms. The analogy begins in the cave. The cave represents the visible world or the world of sense experience, where the shadows seem more real than truth itself. It indirectly represents the human body, which imprisons the soul preventing it from seeking the true knowledge. People are chained up in the cave such a way that all prisoners are facing the wall. They are chained up in a way that they can only look ahead of them at the wall of the cave. The only light in the cave comes from the fire. There is a wall behind the prisoners and fire is located behind the wall. Behind the wall other people are walking up and down carrying statues on their heads. The prisoners observe the shadows that flicker before them. The prisoners believe the shadows are reality as that is all they are able to see. If they hear the people behind the wall they associate the sounds made by individuals with the shadows. They think of the shadows as the true reality. Plato represents our condition as human...
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