Premium Essay

Ethical Challenges

In: Business and Management

Submitted By osadolors
Words 429
Pages 2
Ethical Challenges

1. You are an executive for a U.S. oil firm interested in forming a partnership with an Iranian oil producer. This will be a challenge because of the poor relations between the United States and Iran over the years. Since the early 1980s the United States has drawn fire from the business community for imposing economic sanctions (similar to an embargo) against Iran for primarily political reasons. Those sanctions disallow international trade and investment between U.S. and Iranian businesspeople. Business leaders in the United States would like the sanctions removed so they can be included in lucrative Iranian oil and gas deals in which firms from other countries are engaging. Other sanction opponents wonder if a policy of offering “all stick and no carrot” is undermining social and political change in Iran because the offending regime goes largely unpunished while ordinary citizens suffer. What arguments would you present to the U.S. government for removing sanctions on Iran? Do you think that one country, acting alone, can bring about reforms through the use of economic sanctions or embargoes?
2. You are the president of a sugar company based in southern Florida. Your firm is struggling lately to meet demand because of poor harvests in the Caribbean Islands, where your firm sources much of its raw product. Because of the Helms–Burton Act and the U.S. embargo on Cuba, your firm is not allowed to trade with Cuba. If the embargo were dropped, your firm would have an excellent source of cheap sugar, and profits would improve significantly. A U.S. senator from your state of Florida serves on an influential committee in Washington, D.C., that is reviewing the status of the embargo on Cuba. What arguments would you provide your senator that could help eliminate this trade barrier?
3. You are a consultant advising the World Trade Organization (WTO)…...

Similar Documents

Premium Essay

Ethical Challenge

...Mike should identify who will primarily be affected by his ethical dilemma (in this case and Dianne).He must reach out to her and explain the situation 3. Mike checks down the actual occured time and simply tells his senior(Alex) about how he was not comfortable with eating time. What are the pros or potential upside of each alternative you listed above? Alternative 1: Dianne may be impressed by him on finishing on time and Mike and Alex may receive good evaluation. 2. Dianne may appreciate Mike's honesty and grant him more time. 3. Alex could be in trouble however the future staff auditors won't be pressured too much and this may help seniors learn more about young staff auditors What are the cons or potential downside of each alternative? Alternative 1. Since Mike ate time, the seniors won't learn their lesson and they'll continue to put pressure on the future staff auditors and the next year budget will only be six hours. 2. Dianne may say the same thing as Alex and Alex will probably get angry at Mike for going around his back to talk to Dianne. Mike may risk his future at the company. 3. Mike may still risk his future at the company or at least get a bad evaluation. Both of those will make his school look bad. What are the implications of "eating time" for Mike, the firm, and others involved? " Mike may come across another ethical challenge and he may become less reasonable in determining his ethical standards. This may also could lead the firm to believe......

Words: 626 - Pages: 3

Free Essay

Hyundai Ethical Challenges

...What are the greatest ethical challenges for Hyundai? Over the years Hyundai has had its share of ethical challenges to overcome. Probably the most notable of these challenges was the prosecution and subsequent conviction of the Chairman, Chung Mong Koo in 2006 for embezzling funds. Chung was essentially responsible for turning Hyundai into the global success that it was and is today so this had an enormous impact on the future of the company. He was accused of making questionable deals that benefitted him and his son and he was sentenced to three years in prison; however in September of 2007 he was granted a suspension of the three year prison sentence due to the fact that his imprisonment and the impact on Hyundai would negatively affect the Korean economy. Chung promised to donate $1 billion if he was freed and in February 2008 he was re-elected as the Chairman of Hyundai Motors. According to the text, this behavior is that of an immoral manager. Chung was obviously not interested in what was “the right thing to do” but was more interested in his own best interests and that of his family. He put the reputation and image of Hyundai at risk. However, given the economy in Korea and the political issues that exist there he basically got a slap on the hand and was allowed to be reinstated. This ethical challenge of immoral behavior did have some impact on their reputation; however given the fact that they are still one of the leading auto makers in the world, obviously...

Words: 282 - Pages: 2

Premium Essay

Resolving Ethical Business Challenges

...Resolving Ethical Business Challenges Business Ethics Week 1 Everest University Amy Childers Resolving Ethical Business Challenges 1. What are the potential ethical issues faced by Acme Corporation? To me it seems that Frank is bribing Otis in order to with gifts in order to keep him as a buyer for Thermocare. Frank is thinking about himself and the praise and bonuses he is getting and really not focusing on the company and all that could result in the end. I think if other buyers knew this was going on it would probably hurt the company. Gifts should be given to everybody not just one person and in this scenario Otis seems to be the only one getting the personal gifts. That is probably why Frank is doing so well in the company and moving up faster than anyone else. Amber which is his boss is aware of the situation and she is covering up for Frank. Amber did invite everyone to Las Vegas for a Thank you party except Otis and his wife who went to Cancun. Not to mention the Adult Entertainment Club. To me this is acting unethically in the business. Amber’s ethical issues should be questioned as well. 2. What should Acme do if there is a desire to make ethics a part of its core organizational values? I think Acme should make sure to lay out all the rules and communicate them clearly to all of their staff. Also, let them know there will be consequences for those who don’t follow and abide by the rules for any reason. The main thing to let them know is no special...

Words: 679 - Pages: 3

Premium Essay

Challenges and Prospects of Ethical Hacking

...Ethical /acking to ensure the sa,ety o, your computer system. /ere is a list o, 0ene,its that you can derive ,rom hiring *hite hat hackers4$. 3hite hat hackers increase the security levels o, computer systems. 1hey help increase your protection against 0lack hat hackers *ho are out to get your personal in,ormation.>. + *hite hat hacker prevents 0lack hat hackers ,rom entering your computer system. 3hite hat hackers employ high level computer science to evaluate and increase the security o, your computer system.?. 3hite hat hackers per,orm Ethical /acking to improve the de,ense mechanism o, your computer system.. 3hite hat hackers evaluate and assess the capa0ility o, your system to ,ind out potential loopholes and cracks that 0lack hat hackers can enter. 1hey make sure that your system is protected ,rom the sneaky techni2ues o, 0lack hat hackers.1hese are some o, the 0ene,its that *hite hat hackers can o,,er. %, *hite hat hackers per,orm Ethical /acking! 0lack hat hackers are their antithesis. Black hat hackers are illegal hackers that *ant to steal your personal in,ormation. Black hat hackers are 0ad ,or your system. 1hey *reck your system and prevent it ,rom per,orming *ell. Black hat hackers leave your system in sham0les. %t is 0est to hire a *hite hat hacker to create a line o, de,ense against 0lack hat hackers. The Ethical Hacker infl"ences processes and techni'"es in various ,ields namely • 'arketing A "ticking to ethical pricing and re,raining......

Words: 1053 - Pages: 5

Premium Essay

Resolving Ethical Business Challenges

...BUS220 Ethical Business Challenge Chapter 5 Zyedego faces legal issues by hiring truck drivers such as if the employee has any infractions while on the job, which would cost the company money, the company would be responsible for that and whatever the insurance that covered the employee or company would not be willing to pay, such as in this instant, when there is a natural disaster, and insurance companies are not able to pay full claims. They also face ethical issues from the families of these or the employees themselves if something were to happen to the employee while on the job, whether the work was being required or not, that insurance companies may not be able to cover anything that happened, which could ultimately put that persons family at a great loss as well. Both of these mentioned issues could potentially have lawsuits against the company as well in worse case scenarios. I believe that Peter should recommend to Gwyn that unless she was able to get Dana to provide the correct documents required for her job, that they would try to hold her position until she could, without pay, or give her the option to go ahead and go to work for a competitor and offer her the severance pay. During a time that the company is not able to provide complete coverage if something were to happen to her on the job, and being that she is pregnant, could cost the company more money, especially if the insurance company required for her to prove her citizenship before being able to......

Words: 388 - Pages: 2

Premium Essay

Ethical Dilemmas and Challenges in Counseling

...Some of the challenges about ethics and law related to my future counseling practice include imposing my own values, beliefs and ideals on clients, maintaining the competence and skills needed to effectively abide by said ethics and laws and deciphering how to take action when laws and ethics collide. Ethics are the philosophical underpinnings of human conduct, and it is important for counselors to uphold all aspects of ethics in order to provide the highest level of care and avoid charges of unethical conduct (Bradley & Hendricks, 2008). Two forms of ethics that exist are principle ethics and virtue ethics. Principle ethics embody moral principles that are widely agreed upon beliefs that make up helping professions. The six main moral principles include autonomy, nonmaleficence, beneficence, justice, fidelity and veracity. The second form of ethics is virtue ethics. Virtue ethics revolve around personal characteristics and virtues and entail integrity, discernment, acceptance of emotion, self-awareness and interdependence with the community (Remley & Herlihy, 2014). According to Jennings, et al. (2005), one key to avoiding ethical dilemmas is by avoiding personal biases and views in client sessions. According the ACA Code of Ethics (2005), any personal views that are not aligned with counseling goals must be avoided, and counselors need to remain aware of these views and respect all forms of diversity when it relates to clients, trainees and research participants. Because...

Words: 1359 - Pages: 6

Free Essay

Nike Legal Cultural and Ethical Challenges

...cultural, and ethical challenges that were revealed in the case study, as well as the roles the host government played, and operational challenges faced by global managers. Legal, Cultural, and Ethical Challenges There were several legal issues surrounding the Nike scandal. One of the concerns was the wages or the lack thereof that was being paid to the workers while working numerous hours six days a week and making less than the living wage requirement per day to survive within the country. Another issue was that some foreign factories had children working in them and poor working conditions where workers were surrounded by hazardous chemicals and not utilizing protective gloves or masks. The cultural and ethical challenges were the fact that these factories were located in other countries which have different ways of conducting business and different values on operations, unlike U.S. owned businesses located in the United States. Although Nike does not own the factories located in the foreign locations, the Nike subcontractors should have been responsible from the beginning for upholding policies and regulations in regards to code of conduct, safety, and ethical principles that met Western business standards. Nike and its subcontractors were not breaking any laws but the argument is the unethical and unfair treatment of workers in the factories to make what were essentially fashion accessories (Hill, 2009). Roles of the Host Government and Operational......

Words: 592 - Pages: 3

Free Essay

Ethical Challenge Integrated Marketing Communications

...Ethical Challenge Integrated Marketing Communications Paper For By Integrated Marketing Communications This paper is a review of the ethical and social responsibility that General Electric (GE) faces regarding New York’s Hudson River. The paper will also detail ethical challenges and efforts taken by GE to address, inform, and relate its standing on the Hudson River topic. Also covered will be the influence of external and internal factors on GE’s IMC as well as reviewing the role of research in the process. Lastly, two ethical questions will be prepared based on the paper. Ethics is defined as “the principles that serve as operational guidelines for both individuals and organizations” (Baack & Clow, 2002, p. 33). In upper New York state GE has a capacitor and arrestor factory located in the city of Fort Edward. GE manufactures electrical distribution and control equipment including capacitors and arresters that used polychlorinated biphenyls (PCBs) as a coolant. For 50 years, the manufacture, sale, use and discharge of PCBs were legal in the United States. More than one billion pounds of PCBs were produced and sold. PCBs were considered a “miracle” chemical because they would not burn and were widely used in electrical equipment installed in wooden factories and school buildings where fire was a constant threat. In fact, some city codes and some insurance companies required the use of PCB-type transformers and capacitors. A description of......

Words: 868 - Pages: 4

Premium Essay

Resolving Ethical Business Challenges Karl

...Christian Lewis- ECPI Unit 1: Resolving Ethical Business Challenges Sunday December 13, 2015 BUS/222 – Dr. Armando Salas-Amaro 1. What are the potential ethical issues faced by Acme Corporation? One of the most important issues that businesses must face are integrity and trust. Conducting business affairs with as much honesty and treating everyone as fairly as possible. In this situation I believe that Frank the salesperson is enticing Otis the buyer with perks to pick their product so that he could get the contract that Acme Corporation had been trying to get for so long. By Frank offering tickets to games or vacations he was able to get that contract. Sure, that seems enticing and it seems like Frank is building a relationship with Otis. However, if you really look at the big picture, Frank is actually using a tactic to bring Otis closer in to close the contract. Frank is not using the product he is making the decision to make the deal sweeter with extra perks. This is not ethical at all to do business this way. Yes you want to make your clients happy but you can make them happy using your company’s values and your company’s mission. It is not ethical to use gifts to get what you want in business. 2. What should Acme do if there is a desire to make ethics a part of its core organizational values? If Acme wants to make ethics a part of its values then they will definitely have to stop offering gifts just to get contracts. I mean you definitely want to......

Words: 517 - Pages: 3

Premium Essay

Ethical Challenges in Latin American Cultures

...Ethical Challenges in Latin American Cultures A Study of the Impacts of Culture in the Business Environment Warrington Thomas Edison State College International Management 372 Professor: Baker 06/16/2013 Elements Influencing Social Culture Culture is defined as a system of values and norms shared among a group of people and when taken together represent a system of living. Culture is not static but always evolving and it is important to take various factors into consideration when attempting to conduct business in international countries. Valuing cultural diversity in the workplace can boost morale and productivity. An effective employee who feels discriminated against because of cultural differences might get disconnected and leave the company. Values are the things that people believe to be right, good and desirable. Values are often reflected in the political and economic system of a country and includes society’s attitude towards things such as individual freedom, democracy, truth, honesty and loyalty among many other things. Ethics include the standards of moral behavior that are acceptable by a society as right or wrong. It includes basic moral values such as integrity, respect for human life, self-control, honesty, courage, cheating, cruelty and the list continues. Latin Americans are very proud of their culture individuals attempting to do business in this part of the world should be aware of the social conventions. ...

Words: 1694 - Pages: 7

Premium Essay

Executive Compensation: the Ethical and Impact Challenge

...Executive Compensation: The Ethical and Impact Challenge                    Executive Compensation: The Ethical and Impact Challenge Executive compensation is defined as the reward given to corporate executive employees for their job performance. Corporate executive employees are the higher echelon company employees and may include the chief financial officers, chief executive officer, upper level managers and the company president. Executive compensation mostly consists of base salary, bonuses, long-term incentives benefits, and prerequisites whose main purpose is to motivate the executives to steer the company to profitability and make decisions with the best interest of the organization. Executive compensation has been on an upward rise especially within the last few decades reaching to unprecedented levels. Worse still, executive employees’ salaries and benefits have increased at a significantly higher rate as compared to other employee’s compensation consequently raising controversy not only of the ethical issues but on issues of equity and efficacy of the high compensation in motivating the executive’s performance. The paper thus posits that the increased executive salaries are not only unethical but are not a reflection of executive performance nor are they correlated to executives performance and as such other options of......

Words: 1620 - Pages: 7

Premium Essay

Ethical Challenges in Withdrawing Life Support

...Ethical Challenges in Withdrawing Life Support There are many serious issues for families to consider when faced with the prospect of removing life support for a loved one. My objective is to identify the key medical ethical considerations that are faced when considering the removal of life support for a patient. Then, I will draw some conclusions about the choices I would make if faced with the decision of having to remove life support for a member of my family. It may be that the decision to withhold or withdraw life support is most likely to pit the hopes and fears of patients and their families against medical science and their physician. Patients are compelled by powerful emotions (such as guilt) or by adherence to religious or secular traditions to behave in certain ways that may conflict with medical advice.2 Honest discussions with patients and their families about the benefits and burdens of therapy and the medical uncertainty that exists are necessary to provide patients and families with the best opportunity to make informed decisions. We know that honest direct communication is most important for patients and families faced to make life determining decisions. These health care workers must communicate within the medical ethics of their profession. Medical ethics is based on a four prima facie moral principles and attention to these principles' scope of application. The four prima facie principles are respect for autonomy, beneficence, non-maleficence,......

Words: 1210 - Pages: 5

Premium Essay

Ethical and Economic Challenges Related to Policy Decisions

...Ethical and Economic Challenges Related to Policy Decisions Natalie Stone Walden University Ethical and Economic Challenges Related to Policy Decisions In the article, “Review of prostate cancer drug Provenge renews medical cost benefit debate,” Stein poses a valid question. Who determines if Medicare reimburses a life-prolonging drug? Stein reviewed arguments from prostate cancer patients, economists, and health care policy specialists regarding Provenge, an expensive drug aimed to treat late stage prostate cancer. The Provenge drug trail concluded that it would potentially extend patient lives by approximately 4 months. (Stein, 2010) Ethically, is it reasonable to allow the government to determine if someone receives health care treatment? In my opinion, the government is not preventing the patient from receiving treatment, instead considering non-payment for some treatments. If a patient chooses to continue treatment, they would be responsible for the cost. In cases where the cost versus outcome is widely reciprocal, I feel that non-payment is acceptable. In the article aforementioned, Provenge costs about 270,000 per person and the median life was prolonged by 4 months. (Stein, 2010) "At some point, if we keep paying these very high prices for treatments that provide very limited benefit, we're going to reach the point where we can no longer afford health care," said Alan Garber, a professor of medicine and economist at Stanford University.” (Stein, 2010,......

Words: 565 - Pages: 3

Premium Essay

Ethical Challenges Surrounding the Movie and Music Industries

...What are some of the ethical challenges surrounding the movie and music industries as they relate to the Internet? Today's technology makes it much easier to get and give away copyrighted material illegally. Many people are taking advantage of the access, downloading and sharing everything from games to movies to music to software. Unfortunately, people find the chance to get this stuff for free just too tempting, do not do it. It comes with large consequences, it is called digital piracy, and it is the act of illegally downloading copyrighted games, music, movies, TV shows, and software that you haven't paid for. Not paying people for their creative work isn't just an ethical issue, it's illegal. Under U.S. copyright law, offenders could be punishable by up to five years in prison and $250,000 in fines. We need to educate everyone on these issues and make sure you are downloading from authentic software from authorized sources to avoid pitfalls of piracy. We also need to lead by example with our kids today by letting them know cheap and easy downloads are not always better, they are usually illegal and can be harmful to your computer. How has education affected your views about the practice of downloading or copying multimedia content in these fields? Education has affected my view about the practice of downloading or copying multimedia content in these fields because downloading or copying multimedia content for free can cost the music or movie industry millions of......

Words: 296 - Pages: 2

Premium Essay

Responding to Ethical Challenges

...“The Corporation” (http://informationclearinghouse.info/article12998.htm), is a documentary-style film about the ethical behavior of companies. It mainly focuses on American based multinational corporations. While the film has a clear and pervasive bias against corporate culture and behavior, it does raise many disturbing questions. As the views presented in the film are not necessarily outside of the mainstream, corporate entities should endeavor to understand the basis for the accusations, determine if there is any truth to them, formulate ways to change business behavior (if appropriate), and communicate the truth about intentions and actions in a clear and compelling way in the public forum. Section I: Five Principle Ethical Arguments The film argues that multinational corporations continue to act unethically in the following capacities: Human Rights Violations Corporations systemically use child labor. Conditions in depressed geographic areas constitute unsafe work conditions. Wages are intentionally kept at “poverty level” to increase investment and decrease cost. Corrupt authoritarian regimes are backed by multinationals to maintain control of the population for pure profit with wanton disregard to the acts of that regime. Human capital is regarded is expendable, and once the area is used up or wages rise too high, the corporation simply moves on to a cheaper locale. Intentional Environmental Harm Companies intentionally pollute the......

Words: 2015 - Pages: 9