Category: Business advice

Ethical Dilemmas in Business

Ethical Dilemmas in Business
Ethical Dilemmas in Business

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Ethical Dilemmas in Business

Purpose: 

In the first assignment, you have the opportunity to gain an understanding of how to identify different types of ethical dilemmas that occur within business, apply ethical theories to solve dilemmas, and after comparing the results, take a critical stance of determining a theorist who can best address all three dilemmas. 

Outcome Met by Completing This Assignment:

  1. Identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles
  2. Develop and evaluate alternatives to, and recommend solutions for, ethical dilemmas, taking into account ethical and legal requirements and the essential mission of the business enterprise
  3. Effectively communicate to internal and external business stakeholders the complexities of ethical issues, suggesting and analyzing various solutions in order to ensure appropriate business practices and accountability

NOTE: You are expected to understand the Academic Dishonesty and Plagiarism Policy, and know that it is your responsibility to learn about instructor and general academic expectations with regard to proper citation of sources as specified in the APA Publication Manual, 6th Ed. (Students are held accountable for in-text citations and an associated reference list only). 

Ethical Dilemmas in Business

Instructions: 

Step 1: Create the introductory paragraph. 
Within this paragraph, provide a brief overview of the scenario. Then, provide a thesis statement and tell the reader the main topics covered in the paper. The introductory paragraph is the first paragraph of the paper. View this website to learn how to write an introductory paragraph: http://www.writing.ucsb.edu/faculty/donelan/intro.html

Step 2: Read critically and analyze the case scenario under Week 3 Content area. 

Step 3: Identify and discuss the three business dilemmas and one personal dilemma presented in the case scenario. Explain the facts that you have relied upon to make the selection. Use the course material to support your reasoning and conclusions.

Step 4: Identify and discuss the common ethical issues categories to which each of the three business dilemmas belong. Use the course material to support your reasoning and conclusions.

Step 5: State each dilemma in question form and then apply the ethical theories of Kant, Rand, and Bentham to answer the question: How would each of these theorists solve the dilemma? You need only chose one theorist per dilemma but all three theorists must be used in discussing the three dilemmas. Explain in detail how the conclusions were conceived using the class material, the facts from the case scenario, and any additional resources necessary to define the answer.

Step 6: In a final paragraph, compare the results and select one theorist who would best solve all three dilemmas. Since this last part is reflective of your personal opinion, be sure to support the conclusion with the class material, facts from the case scenario, and a definition of any personal ethical values that influenced the decision process. 

Step 7: Proofread the paper for spelling and grammatical issues and third person writing as this assignment requires college-level writing.
Use the spell and grammar check in Word as a first measure;Have someone who has excellent English skills to proof the paper;Consider submitting the paper to the Effective Writing Center (EWC). The EWC will provide 4-6 areas that may need improvement.

Step 8: Submit the paper in the Assignment Folder (The assignment submitted to the Assignment Folder will be considered a student’s final product and therefore ready for grading by the instructor. It is incumbent upon the student to verify the assignment is the correct submission. No exceptions will be considered by the instructor).

Ethical Dilemmas in Business

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Ethical dilemmas in business

Introduction

The maximization of profits, minimization of expenditure and the expansion of any venture are some of the core objectives that every business strives to achieve. In a bid to reach these objectives, there are various issues that businesses, both domestic and global grapple with. They include legal concerns, customer satisfaction, dealing with employees at every level, ensuring that the management understand the objectives of the business and strive to achieve them and lastly ethical concerns.

In the making of decisions that affect the business, most of the decision makers grapple with ensuring that the said step taken is considered as right. This is all in an effort to ensure that they keep their customers loyal as well as attract new ones and also maintain the motivation of their employees to always strive to be the best. The major obligation in businesses however lies in distinguishing of good and evil.

There are ethical issues that have to be looked at that many businesses include, the mechanisms put in place to guide the hiring and termination criteria of their employees, the process of making decisions, the maintenance of trust and issues of integrity, the internal policy that deals with managing diversity in the business and how the business handles compliance and governance issues. All these have to also be looked at through the legal lenses to ensure that the domestic and international legal obligations are met in the management of a given business. In the case provided, there are various issues, both legal and ethical that needs to be addressed with regards to the conduct of Kerry and Nunez.

The issues this paper intends to deal with are the dilemmas that businesses face every day when their agents violate set legal and ethical rules in pursuit of landing business deals.

Ethical issues in business

There are various issues that businesses face every day with regards to the actions and decisions made. Many of these are looked at within the context of right or wrong. In the case the ethical dilemmas that presented themselves include fundamental issues that affected the trust and confidentiality agreement between Nunez and the ALE, the issues with regard to decision making in terms of who to share the business secrets with and matters to touch on governance and compliance with the legal and policy issues.

Kerry however had a personal dilemma with regards to alerting the management of the business of the conduct unbecoming by Nunez in him sharing the confidential information about the business secret with a potential client to gain competitive advantage. This was despite the advantage it gave them in clinching the contract.

In the sharing of the business secret with Milan, Nunez wanted to gain contractual advantage in order to clinch the multimillion dollar contract. This violates the fundamental principle of trust between an employer and their respective employee. It also puts the reputation of the business at risk as the secrets were unknowingly sent to all his twitter contacts hence the confidentiality of the business with other business partners put at risk. In the world of business, the issue of trust is key to the acquisition and retention of partners (Poppo, Zhou and Li, 2016). Despite the advantageous position the sharing of such information gave, the confidence and trust of the other business partners was equally important.

Another issue that is raised by the sharing of the business secret is the protection of intellectual property rights of trade secrets. As a scientific venture, the profitability and the commercialization of the trade secret in the design of their product is key. The employment relationship is governed by several written and unwritten rules that are all made to safeguard the interests of the business (Milgrim and Bensen, 2016).

In sharing of the information, the trade secret that was initially protected now ceases to have that advantage and hence the competitive advantage as well as the profitability of the methods ALE used in maintaining an edge in the production of plant products. This is because the duration given to legally protect the trade secret can be extended indefinitely as long as it is kept confidential in addition to remaining commercially viable under the Uniform Trade Secrets Act, 1979.

The same case also applies to Kerry since he failed to inform the relevant authority, Joshua Hellman of the said breach. This has an effect on the level of trust and confidence bestowed upon him. Due to his silence, the issue of trust and confidence in him was also affected.

The ethical dilemma here is the acquisition of a contractual advantage to the business as against the protection of the secrets that have ensured the business maintains it competitive and profitability advantage over the rest. In leaking the business secrets to Milan, the issue of trust and maintenance of confidentiality for both Kerry and Nunez is brought to light.

The Kantian theory posits that the actions of one are an indication of the respect they have to the other. It also points to the fact that for the maintenance of relationships trust is crucial. In this case however, the actions by Kerry and Nunez have led to a breakdown in the trust the business had in them to conduct business as their agents…….

Ethical Dilemmas in Business

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Constructing Effective Business

Constructing Effective Business
Constructing Effective Business

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Constructing Effective Business

Order Instructions:

1. Select a product or service for this assignment in which you believe your organization should invest capital resources to develop for sale in a global environment.
2. Review Ch. 4 of Business Communication Essentials.
3. Create a Microsoft® Word analysis of no more than 1000 words that includes the following:
A. Describe the product or service, including its main characteristics.
B. Why do you believe this product is worthwhile?
C. A profile of your audience/s. Why are these audience/s important? How different would you approach each audience?
D. Explain how you would establish credibility.
4. Explain why you selected the channel.
5. Select the appropriate channel for delivering your message based on context, audience, and purpose.

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Constructing Effective Business

For this assignment, the selection of a product that should sell in the global marketplace is critical. The product should be one that the organization is willing to spend capital resources on for it to develop as a global brand. This paper will look into the characteristics of the chosen product and explain why it is worthwhile. In addition, a profile of the various audiences, their importance, and the different approaches are outlined, as well as an explanation on establishing credibility and the rationale behind the selection of a suitable channel for business communications.

A description of the main characteristics of the product

The product of choice that will be developed by the organization is an environmentally friendly bag. The bag is reusable as opposed to the single-use alternatives used in most retail stores and homes today. This eco-friendly bag will be produced in several shapes and sizes and targets to replace the single-use plastic bags. The bag has a special feature where it completely decomposes down in ten days.

Once thrown into a pit, which is the recommended method of disposal, the bag should be watered and covered with earth, and the decay process begins. The bag is made from natural materials that are interwoven to create a strong fabric. This strength enables users to carry heavy loads without the bag ripping apart.

Why the product is worthwhile

The proposed product is important not only to the firm but also to the society. The eco-friendly bag is a worthwhile project for the organization to invest in due to the effect it would have on the environment. The replacement of plastic carrier bags and especially the single-use plastic bags should help reduce the levels of environmental pollution caused by the polythene bags that are currently in use around the world (Bucher, Drake-Brockman, Kasterine, & Sugathan, 2014).

In addition, once the user has the ability to use the bags for multiple tasks over the lifetime of the eco-friendly bag. Once the environmentally friendly bag completes its usefulness, it is buried and becomes beneficial as a form of organic manure. This should lead to a reduction of the over-dependence on various types of fertilizers on enriching the soil.

A profile of the audiences

            The communication messages targeting the proposed environmental friendly bag has a number of audiences. The profile of the product’s audience is composed of governments and government agencies, retail stores, and individual users.

Why the audiences are important

The three identified audiences are important for various reasons. Firstly, the three audiences are direct and indirect users of the plastic bags that the eco-friendly alternative aims to replace. Second, the environmental impact of the garbage caused by the single-use polythene bags affects all three, as do the costs of environmental maintenance. A third reason is that the three groups are important beneficiaries of the better agricultural practices boosted by the use of the bags as manure after they are disposed of. The three groups are the target customers of the proposed product and, therefore, the audiences of the business communication.

Constructing Effective Business

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Cost Summary and Related Journal Entries: Business

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Cost summary
Cost summary

Cost Summary and Related Journal Entries: Business

Prepare a standard cost summary using a provided template, and then write a 1–2-page analysis of variances in a standard cost summary and how the variances could be corrected.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

  • Competency 1: Operate product-based cost accounting systems.
    • Apply procedures for recording standard costs to account for departmental factory costs.
    • Prepare journal entries related to standard costs.
  • Competency 4: Apply cost analysis to assist management decision making.
    • Analyze favorable and unfavorable variances for management decision making.
    • Analyze how variances can be corrected.

Cost Summary

Context

All production costs, other than direct materials and direct labor, are lumped together into one category, termed overhead. In a manufacturing company, overhead is also known as factory burden, or manufacturing overhead. This cost category contains a wide variety of cost items. Many inputs, other than direct materials and direct labor, are needed to produce a finished product. Examples include:

  • Depreciation on buildings and equipment.
  • Maintenance.
  • Supplies.
  • Supervision.
  • Materials handling.
  • Power.
  • Landscaping of factory grounds.
  • Property taxes.
  • Plant security.

There are a number of procedures associated with the handling of overhead costs. They include:

  • Identification of each overhead cost’s behavior.
  • Determination of the budget for overhead costs.
  • Recording and tracking actual overhead costs.
  • Application of overhead estimates to actual production levels.
  • Analyzing budgeted and actual overhead costs for cost control.

Cost Summary

Questions to Consider

To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.

  • What is the difference between the standard cost and the actual cost of production?
  • Is it possible that a variance of one type might be partly or fully offset by another variance? Explain.

Resources

The following resources are required to complete the assessment.

  • Wild, J. J., Shaw, K. W., & Chiappetta, B. (2011). Financial and managerial accounting: Information for decisions (4th ed.). New York, NY: McGraw-Hill.

Assessment Instructions

For this assessment, complete the following two parts:

Part 1: Use the Assessment 4 Template (linked in the Resources) to prepare a standard cost summary and related journal entries, based on a scenario provided in the template.

Part 2: Read each statement below (a through h). Then, write a 1–2-page analysis identifying what might cause these variances in a standard cost summary for materials, labor, and factory overhead. In addition, analyze, from a manager’s perspective, how each variance could be corrected and explain why.

Cost Summary

  1. An unfavorable materials price variance.
  2. A favorable materials price variance.
  3. An unfavorable materials quantity variance.
  4. A favorable materials quantity variance.
  5. An unfavorable labor rate variance.
  6. A favorable labor rate variance.
  7. An unfavorable labor efficiency variance.
  8. A favorable labor efficiency variance.

Write your analysis in Microsoft Word. Use 12-point font, and double space. Follow APA style for citations and references.

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Organization for Economic Cooperation and Development (OECD)

Organization for Economic Cooperation and Development (OECD)
Organization for Economic Cooperation and Development (OECD)

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Organization for Economic Cooperation and Development (OECD)

Order Instructions:

Describe the organization. Discuss what kind of organization it is. If it is an NGO, what generation is it? If it is a TNC, what kind of business does it do? If it does not fit either NGO or TNC categories, comment on why not. What is the normative underpinning of this organization (i.e., under what ethical orientation(s) does it operate)?

Organization: Organization for Economic Cooperation and Development (OECD)

The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade.

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Goal Setting Help with Search forums

Goal Setting Help with Search forums
Goal Setting Help with Search forums

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Goal Setting Help with Search forums

Order Instructions:

The sales goals for one of the territories you manage have been set at $1.7 million for the upcoming year. There are three sales people in this territory: Adler, who is four weeks out of training; Ella, who has six years of experience and is considered a fair (but not great) performer; and Emma, who has 11 years of experience and is a lead performer.
Set three goal levels for each representative and explain your rationale for each.

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Enterprise Security Plan Proposal

Enterprise Security Plan
Enterprise Security Plan

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Enterprise Security Plan proposal 

Order Instructions:

Prepare an enterprise security plan proposal for the organization you work for. Your proposal should be three to five pages long excluding the title page, abstract, table of content, and references pages.Your proposal should cover the ten domains of Information Security Common Body of Knowledge and include the following:

a. Widely accepted categories of information security

b. Information security and the principles of success

c. Planning procedures toward those goals, security policy and standards taxonomy

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d. Policies complying with HIPAA Security Rule Standards

e. Other policies relevant to information security and privacy currently defined by local, state or federal regulatory bodies

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Introduction to Federal Contracting

Introduction to Federal Contracting
Introduction to Federal Contracting

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Introduction to Federal Contracting

Required Elements to include in the Final Paper:

• Select a contracting subject pertaining to the FAR Sections covered in this class (e.g., improper business practices, acquisition processes, market research, contractor qualifications, competition, commercial items, warranty, inspection/acceptance, changes, terminations, etc.).

• Research individually the selected topic

• Outline and assess this issue

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Introduction to Federal Contracting

Required Formatting of the Final Paper:

• This paper should be double spaced, 12-point font, and four to five pages in length excluding the title page and reference page;

• Third person writing is required. Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person.

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Introduction to Federal Contracting

• Contractions are not used in business writing, so you are expected NOT to use contractions in writing this assignment. 

• Use headings;

• Title page with your name, the course name, title of paper, the date, and instructor’s name;

• Include reference page.

• Use APA formatting for in-text citations and reference page. Students need to paraphrase and not use direct quotes.

• Submit the paper in the Assignment Folder.

The expectation is that you provide a robust use of the course readings. No other books besides the course eBook can be used. When using a source document, the expectation is that the information is cited and referenced with a page or paragraph number. 

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Business Models: Blog Review

Business Models
Business Models

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Business Models

Comment

The blog “Flash Sales and Business Model” by Vanna is one that is quite informative and which I found interesting. The author uses relevant examples of companies such as Amazon which fall directly under web-based models. One of the most critical aspects of the blog is that there is constant use of references which makes the blog content quite well researched.

As one goes through the content, one can deduce that the writer utilizes comparisons efficiently. For instance, social media is presented to be an effective platform to create urgency in contrast to other means. Wholesomely, the blog is quite informative, useful for audiences and the author has done an excellent job in presenting facts and ideas.

Reflection

After reading the blog, I can deduce that Vanna wrote about a topic that directly related to modern day business operations. One of the aspects that the writer presents and which I can agree on is displayed in the introductory part. In this case, I do agree that web-founded business models particularly the businesses that take part in the virtual marketplace such as Amazon are forced to take part in different promotional strategies from time to time. Consequently, this ensures that customers are kept engaged.

It is indeed true that these virtual marketplaces act as virtual malls where sellers are presented with a platform where they can directly sell products to shoppers in the online space. I also would like to point out that the author was quite articulate in depicting what a flash sale is. I also had to do some research, and after that, I would concur that a flash sale is a promotional strategy by the e-commerce industry which offers a moderate duration where the quantity of products kept in stock are also restrained. 

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It is true that indeed, it is critical to emphasize the means of communication when making flash sales to a target audience. This I believe would be instrumental in creating a lot of sales. Just as it has been proven and as indicated in the blog, social media is a platform or avenue in which information is provided. The conclusion part of the blog made is one that had quite an impact.

In this case, it is indicated that a combination of social media marketing and discounting are an impactful promotional mix for engaging clients in the digital experience of a brand.  Therefore, after thorough analysis of the blog, one can note that the writer is quite convincing in driving the intended points home. Anyone who reads it will be in a position to have more knowledge regarding flash sales and business models.

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Stages of the Business Life Cycle

Stages of the Business Life Cycle
Stages of the Business Life Cycle

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Stages of the Business Life Cycle

The oil well equipment industry would be placed in the declining stages of the business life cycle. This is largely due to the increasing environmental pressure and the increase in the number of oil well companies Vis a Vis the declining development of new oil wells.

The computer hardware industry would be categorized in the consolidation stage of the business life cycle. This is due to the long-standing nature of the industry as well as the proof of a continuous market with eminent leaders.

The computer software industry would be placed in the consolidation stage of the business life cycle. The computer software meets the characteristics of an industry in the consolidation stage: a long period of establishment, the existence of a proven product(s), and the existence of market leaders.

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The genetic engineering industry would be categorized in the startup stage. The industry is relatively new and is still in development. The products have not yet flooded, and there is expected growth in sales for the industry.

The rail road industry is placed in the declining stage. The major characteristics of this stage are an increase in costs, stabilized sales, and diminishing profits, all of which are presently visible in the rail road industry.

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