Strategic Financial Management

Strategic Financial Management
Strategic Financial Management

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Strategic Financial Management

Learning Outcomes

  1. Assess and evaluate the theoretical basis of financial strategic decision making

2. Analyse and interpret data, and by the integration of theory and practice, investigate and apply relevant tools to the assessment of a variety of business problems

3. Evaluate and synthesise the problem solving mechanisms from strategic financial decision making and assess the value to enhanced decision making of the application of relevant tools & techniques.

Assessment Task

Company A has the following budgeted income and expenditure for two potential  projects : Alpha and Beta

Year 1Year 2Year 3Year 4
Project Alpha
Income2,250,0002,500,0003,000,0003,250,000
Expenditure – plant and equipment (purchase)1,500,000   
Other expenses1,000,0001,100,0001,250,0001,500,000
     
Year 1Year 2Year 3Year 4
Project Beta
Income2,200,0002,200,0002,200,0002,200,000
Expenditure – plant and equipment hire375,000375,000375,000375,000
Other expenses900,000990,0001,000,0001,100,000

Strategic Financial Management

Additional information:

If the additional information does not indicate that it is project specific you are to assume that it is relevant to both potential projects;

  • Taxation is charged at 20% a year in arrears;
  • Extracts from the company financial statements are as follows: – Benchmarked gearing of 0.40:1; – Cash position:  cash at bank of £1 million;
  • The company are wishing to reduce their carbon footprint in line with their core strategic values of sustainable production.  They have determined that renting the equipment for Project Beta  would reduce their carbon emissions by 70% but Project Alpha’s would have a nil effect on their carbon footprint.
  • Project Alpha would require other projects to be put back by one year due to the initial capital investment required in Year 1.  It would not prevent these other projects from going ahead, but would delay their completion by one year – there is no quantitative financial data available for these other projects.
  • Usual margin that the company achieves on its products is between 15-25% on a cost plus basis.
  • The product that they are looking to introduce in both cases (A or B) is a product that already has an established market with both well established brand competitors and some substitutes.
  • The market is reasonable mature having been in existence for about 5 years, there are no patents or other protection rights for the existing competitors but competition is fierce.
  • This is a new product for Company A and would be entry into a new market of which they have no experience or established reputation.  However, they do sell a complementary product for which they are the brand leader both on cost and perceived quality.
  • They usually price on a cost plus basis but this is based upon the appropriateness of the method for the product being priced.
  • PROJECT ALPHA ONLY– the plant and equipment has no scrap value.

Requirements:  

(a) Calculate the CASH net present value of the two projects (including the taxation charge)  The discount factor is 10% and you should round your answer to the nearest full pound (not pence) . (10 marks)

(b) Critically evaluate the usefulness of net present value and two other methods as  project appraisal tools using academic references to support your answer. ( 15 marks – 600 WORDS)

(c) Having decided to use a traditional absorption costing method, the directors now need to decide on a pricing methodology.  You are required to evaluate the different ways in which a company can determine an appropriate price for its product and advise the directors, based upon the information within this assignment what pricing method would seem most appropriate for the company. (15 MARKS – 600 WORDS)            

TOTAL MARKS AVAILABLE: 40 MARKS

Strategic Financial Management

Key Resources/Reading

  • Arnold, G. Corporate Financial Management (2012)  5th edition chaps 14/15
  • Collier, P.M. Accounting for Managers 4th edition (2012) Wiley chaps 1/2/3/4/6/7
  • Grundy, T. Exploring Strategic Financial Management  (1998) FT Prentice Hall Chap 2 and 4
  • Johnson, G & Scholes, K. Exploring Corporate Strategy 9th edition (2010) 
  • Mills, R & Robertson, J Fundamentals of managerial accounting and finance (1999) chap 11
  • Proctor, R (2006) Managerial Accounting  for decision making  FT Prentice Hall Chaps 3-4

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Strategic Financial Management

  1. Net Present Values of project Alpha and Beta
 Project AlphaYear 1Year 2Year 3Year 4Year 5
Income2,250,0002,500,0003,000,0003,250,000 
Other expenses(1,000,000)(1,100,000)(1,250,000)(1,500,000) 
Net Profit1,250,0001,400,0001,750,0001,750,000 
Taxation (20%) (250,000)(280,000)(350,000)(350,000)
Expenditure – plant and equipment (purchase)(1,500,000)    
Net cash flow(250,000)1,150,0001,470,0001,400,000(350,000)
Discount factor (10%)0.909  0.826  0.751  0.683  0,621
Net cash flow(227,250)949,9001,103,970956,200(217,350)

NPV = (-227,250) +949,900+1,103,970+956,200+ (-217,350)

=2,565,470

Project BetaYear 1Year 2Year 3Year 4Year 5
Income2,200,0002,200,0002,200,0002,200,000 
Expenditure – plant and equipment hire(375,000)(375,000)(375,000)(375,000) 
Other expenses(900,000)(990,000)(1,000,000)(1,100,000) 
Net Profit925,000835,000825,000725,000 
Taxation (20%) (185,000)(167,000)(165,000)(145,000)
Net cash flow925,000650,000658,000560,000(145,000)
Discount factor (10%)0.909  0.826  0.751  0.683  0,621
Net cash flow840,825536,900494,158382,480(90,045)

NPV =840,825+536,900+494,158+382,480+ (-90,045)

    =2,164,318

Strategic Financial Management

  • Usefulness of net present value and two other methods as  project appraisal tools

Net Present Value

The net present value is considered one of the most valuable project appraisal tools due to its ability to determine the net cash flow at any particular present time (Collier, 2015). However, there are other useful factors in the application of net present value as discussed below.

The net present value is useful as a project appraisal tool because it helps investors to determine the viability of projects before they can invest in them (Collier, 2015). Through calculating the net present value of a project’s future cash flows, a company can determine whether the project is worth investing in. A negative net present value would indicate that the project is not viable while a positive net present value is an indication that the investor can go ahead to invest in the project (Arnold, 2013).

The net present value is useful because it recognizes the differences in money value and is hence useful in ensuring accurate projection of cash flow. In this relation, every period’s cash flows are discounted in order to provide for the fact that the future value of currency is worth less in terms of the present value (Erickson, 2013). This ensures that any income and expenditure is accurately measured to determine the present value of the project.

The net present value allows companies to make investment decisions regarding long-term projects whose cash flow projection is less certain than short-term projects. This is because the net present value recognizes the inherent uncertainty of long-term projects. To achieve this, net present value ensures that cash flows projected further into the project period have less impact on the present value than those which happen earlier in the project (Arnold, 2013). Through the use of net present value, firms put the cost of capital and inherent risk into consideration when making future predictions…..

Strategic Financial Management

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Skateboarding in Dogtown and Z-Boys

Skateboarding in Dogtown and Z-Boys
Skateboarding in Dogtown and Z-Boys

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Skateboarding in Dogtown and Z-Boys

Order Instructions:

Respond to this prompt: 
Skateboarding is frequently defined as ‘alternative’ lifestyle/culture,rather than a sport. Why is it characterized this way? What qualities define the alternative lifestyle? What commonalities does skateboarding share with other so-called an alternative cultures? Is this definition accurate, why or why not?

6 sources: – Film: Dogtown and Z-Boys- 3 sources will be attached through files-

(These source you will need to type in the title)
— Conflict, Exclusion, Relocation: Skateboarding and Public Space. 
http://0-web.b.ebscohost.com.library.wvm.edu/ehost/detail/detail?vid=0&sid=464997de-c803-4958-b89a-a80e0717f8d2%40sessionmgr103&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=24905978&db=a9h

— The Accidental Youth Club: Skateboarding in Newcastle-Gateshead. 
http://0-web.b.ebscohost.com.library.wvm.edu/ehost/detail/detail?vid=0&sid=0f3ea357-8dac-4308-a695-ad3122e8fa92%40sessionmgr103&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=76246143&db=a9h
P.S – When citing please use “QUOTATION MARK” 

Skateboarding in Dogtown and Z-Boys

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Skateboarding in Dogtown and Z-Boys

Skateboarding is considered as n identity to those in love with the art. It is considered as a form of expression, culture or art by the older generation as it does not conform to the abstract definitions associated with sports. These include the rules that are to be adhered to during training as well as the organisation of major competitions. In the sporting world, there are major competitive events such as the world cup for football and their enthusiast and world cup for the field and track events.

These competitive occasions are used in the ranking of both players and states. However, for skateboarding, it is s new sport that has most of its enthusiasts as youths and hence the lack of interest in the older generation. It also does not have a set of rules on how to dress during the sporting events and neither does it have the need for referees and other umpires to oversee the conduct of the same. The freestyle nature of skateboarding has left the aspects of the same to be considered as a culture and art as opposed to a sport.

Skateboarding: an alternative culture or sport

The notion of competitiveness is synonymous with any type of sports. This is coupled with a given set of rules as to the conduct and dressing of the participants. It also has the referees, coaches and other umpires who oversee the conduct of the players during the sporting events. This concept of rules and strict adherence to the same is lacking in skateboarding. The aspect of freedom synonymous with each of the skateboarder’s ability and style has made skateboarding to be referred to as a free activity that allows the participants the freedom to experiment and hence come up with new styles (Beal and Weidman, 339).

The competitiveness in the main stream sporting events makes it hard for everyone to participate as only those who emerge the best during the selective process are allowed to take part and hence lock out many who are talented and eager to showcase their respective abilities out.

Skateboarding and sports have several similarities. They bring people together in the spirit of sharing a good time as well as being an avenue of expression where the participants find a haven away from their lives (Eitzen, 13). In Dogtown and Z-Boys, skateboarding was depicted as an activity where most participants came from broken homes and hence instead of engaging in other antisocial behavior, took up skateboarding to show their talents, making a living out of it eventually.  These similarities of being sources of livelihoods for the participants as well as provide entertainment for the audience bring semblance between sports and skateboarding. They are also used as social events as people gather to watch and applaud the participants (Donnely, 45).

Skateboarding is however considered more as an alternative culture as opposed to a sport because of the freestyle nature of skateboarding. This is also due to the lack of a designed set of rules with regards to the conduct and dressing of the participants. The lack of a designated field to partake the skateboarding activities also contributes to the categorization of skateboarding as an alternative culture.

The use of streets as well as backyards and drained swimming pools make the act of skateboarding look more like a nuisance to the rest of the community instead of a meaningful activity (Nemeth, 300). In Dogtown and Z-boys the knocking down of innocent pedestrians going about their business and subsequently hurting them by skateboarders in their routine caused the activity to be looked at with disdain. This is in addition to the skateboarders aping the styles from other sporting activities such as surfing in the perfection of their routines…..

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Increased risk of harm at old age

Increased risk of harm at old age
Increased risk of harm at old age

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Increased risk of harm at old age

If older age is associated with an increased risk of harm from particular activities such as gambling or playing squash, should there be age-related restrictions on participation?

POINTS TO DISCUSS, THESE ARE NOT TO BE USED AS HEADINGS 

  • Explain the concepts of vulnerability and harm and identify factors that may lead to vulnerability in older people
  • Define and apply the Harm Principle to an ethical issue of ageing and outline an argument defending your position
  • Critically analyze arguments concerned with prevention of harm to older people, identifying or developing possible counterexamples and evaluating potential strengths and weaknesses of arguments.
  • Ageing as opportunity aims to challenge some of the assumptions that may be made about older people and their vulnerability to harm when gambling or shopping.
  • Ageing with freedom, you’ll learn about the Harm Principle, and consider how respect for individual liberty may conflict with societal efforts to protect or promote the interests of older people as a whole.
  • Ageing is not always dangerous, and that sometimes our fears or anxieties about the activities pursued by older people in society may be inaccurate.

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The death penalty and other issues concerning crime and punishment

The death penalty and other issues concerning crime and punishment
The death penalty and other issues concerning crime and punishment

The death penalty and other issues concerning crime and punishment

Order Instructions:

The death penalty and other issues concerning crime and punishment, e.g. Prisoners rights’; torture

This assignment consists of building upon the reflective essays you have completed thus far, with the goal to help you expand your writing and critical thinking skills further. Choose one topic from the list below in which you must narrow down.

You are to write a research paper in which there is an investigation and inquiry into a question and/or thesis statement that is analytical, expository or argumentative, therefore answering it with detail and substantial supporting information.

You need to clearly indicate which platform you will be utilizing to express your topic.

You will be graded on the areas of critical thinking, information literacy, written communication, organization of paragraphs, use of supporting literature.

As the writer, you must formulate a persuasive arguments and/or counter-arguments to the reader (Professor Dawkins) providing your point of view on the topic. In your conclusion, be sure to discuss what led to your interest in the topic you have chosen.

Your paper is required to consist of 10 full pages of written content.

Finally, you are required to include an annotated bibliography for one your sources (Journal article) with your list of references. 

This paper must include references the least six or more references, scholarly articles and/or journals, books, no website or blogs.

Follow proper APA citation format in your paper and add a section on the references you used at the end of the paper with a heading “Bibliography”.

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The death penalty and other issues concerning crime and punishment

Introduction

Crime and the general conduct that is considered criminal are frowned upon in every jurisdiction. Such behavior has always been viewed as conduct unbecoming, and those who have been involved or suspected to have been involved have had to pay for such conduct with their lives or freedom. They have also been victimized and shunned away by the other members of the society. In an effort to reduce and hopefully eradicate these antisocial behavioral mannerisms, the state has come up with various acts that are considered a crime in addition to prescribing the punishment for each act.

The punishments meted out are meant to be commensurate with the offensive conduct and are meant to have several effects on different groups of people. The most common measure is to be punitive for the deviant and to act as deterrence for the rest of the members of the society. These punitive measures have undergone a lot of changes with the advent of human rights and other movements that seek to promote forgiveness, understanding and embracing the deviants. There have also been a lot of changes in the way that conducts that were once frowned upon as deviant have been accepted and legalized.

Some of the conduct that was once viewed as unacceptable and punishable such as gay and other forms of queer mannerisms have been accepted and promoted in a bid to embrace the unique nature of every human. This, however, varies per jurisdiction. The involvement of human rights organisations and other movements have emerged to advocate for the rights of those regarded as criminals. These rights are applied at every stage of their lives, the arrest, and prosecution, their lives during committal and service of the sentence and finally their lives after serving time. 

This paper focuses on the general aspect of crime and punishment in different jurisdictions as they vary with religious and social beliefs, as do the treatment of persons from the point of investigations, arrest, trial and finally committal. The rights of the prisoners have long been neglected as they are considered pariahs in the society. This paper is analytical of the plight of prisoners and the sentences they face in addition to exposing the human rights issues that are to be addressed in the plights of prisoners’ rights.

Crime and punishment

Crime is defined as an act that infringes on the law and therefore punishable. This broad description covers the significant aspect of what crime entails although it is worth noting that some crimes are not against people per se. These actions or omissions result in the suffering of persons. As a general duty of the state and its agencies to guard and protect its citizens, any infringement of the same attracts certain penalties to the perpetrator. Such penalties are out in the criminal laws. These punishments are meant to ensure justice for the victims (Friedman and Percival, 2017). It is also for the maintenance of law and order.

The forms of punishment vary per jurisdiction. These forms are however general, ranging from the death penalty for the offenses considered capital to the payment of fines and community service for petty offences. Some offences are minor to the extent that the penalties given to them are contemptuous, such as offering an apology or even being let off with a warning (John, 2013). In pronouncing the penalties, several factors are usually given due consideration by the judicial officers, apart from the crime committed. Such factors include age, gender and the extenuating factors that led to the commission or omission of the said offence.

The general purpose of punishment has been a subject of research as many governments have dedicated resources to finding the best way to deal with this issue. New studies are being conducted and policies being formulated with the core purpose of finding a way to effectively prevent criminal conduct (Matthews and Young, 2013).  In this quest to find a balancing ground, several issues have been addressed such as the rights of the victims vis a vis those of the prisoners and the quest for justice to all. Although the rights of the prisoners have always taken a back stage since as the perpetrators or alleged perpetrators their absence in the society is most welcomed.

The inclusion of social mechanics of the society has had a great impact on the development of this area of practice of crime and punishment. The involvement of human rights organisations and the community as well as the introduction of acceptance in the forms of punishment. These changes have come up through various means, such as vide a court process, for the right of Muslim inmates to grow a beard to the right against torture, enshrined in the Convention against Torture and other forms of Degrading Treatment. These rights are accorded to the prisoners regardless of the magnitude of crimes they committed.

In a nutshell, the punishment prescribed for certain conduct is laid out in law. These are made to ensure that uniformity is achieved in the criminal justice system. In ensuring that justice is done, the prisoners are accorded some basic rights such as healthcare, the practice of their religious beliefs, visitation rights and much more. The treatment of prisoners and their respective rights have improved but still considered as degrading in certain instances.

Death penalty. Since time immemorial, the death penalty has been used as a form of punishment for those offences deemed capital. It was common to be sentenced to death when one kills or commits an abominable act. This practice is however lost its prominence as some jurisdictions have abolished the act and others; though have it as a punitive provision in their laws, rarely put it into practice (Garland, 2014). The uprising by some religious and human rights organisations in condemning this form punishment has yielded a lot of positive feedback. These organizations argue that life is sacrosanct and hence should be respected. They are against the practice of killing as a form of punishment for crimes that considered serious……

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A Unique Ethical Issue

A Unique Ethical Issue
A Unique Ethical Issue

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A Unique Ethical Issue

Final Project – Phase 2: (30%)

Purpose: You will research a Unique Ethical Issue and discuss an ethical issue.

Outcome Met by Completing This Assignment

  • identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles
  • 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
  • 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

Instructions:

NOTE: All submitted work is to be your original work. You may not use any work from another student, the Internet or an online clearinghouse. 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).

A Unique Ethical Issue

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 introduction comes at the beginning of the paper and tells a reader the main topics covered in the paper. View this website to learn how to write an introductory paragraph: http://www.writing.ucsb.edu/faculty/donelan/intro.html

Step 2: In Phase 1, you select a topic not specifically discussed in class from the Unique Ethical Issues lists from weeks 3, 5, and 7. In Phase 1, you wrote a brief one-to-two page paper that introduced the unique ethical issue that is the focus of research for Phase 2.

Step 3: Research

In Phase 2, you will explore the readings for the unique ethical issue.

Step 4: The Ethical Issue

  • Discuss the selected ethical issue topic.
  • Identify one common ethical dilemma associated with the ethical issue and explain why it is so.
  • State the dilemma. Choose two traditional theorists from week 2 and use their principles to explain his or her solution to the ethical dilemma you have presented.

Step 5: Traditional Theories/Resolution

Identify and use two of the traditional theorists identified in Step 4 to provide two resolutions to the ethical dilemma in accordance with the theorist’s perspective.

Step 6: Ethical Relativism

  • Define and discuss ethical relativism.
  • Are there any ethical relativism concerns with your selected Unique Ethical Issue? If so, what are they? If not, why not?

Step 7: The Best Resolution

Select the solution that best fits your code of ethics and explain by supporting your reasoning/conclusions using the course readings and research.

Step 8: Summary paragraph

Write the summary paragraph. A summary paragraph restates the main topics of the paper. Make sure to leave a reader with a sense that the paper is complete. The summary paragraph is the last paragraph of a paper and does not need a heading.

Step 9: 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).

Preparation for the Assignment

  • Before you begin writing the assignment, you will read the following requirements that will help you meet the writing and APA requirements. Not reading this information will lead to a lower grade:
  • Read the grading rubric for the assignment. Use the grading rubric while writing the report to ensure all requirements are met that will lead to the highest possible grade.
  • 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.
  • Contractions are not used
  • You are expected to paraphrase and NOT use direct quotes. You are expected to paraphrase, which can be
    learned by reviewing this link: https://writing.wisc.edu/Handbook/QPA_paraphrase2.html. You are responsible for
    APA only for in-text citations and a reference list.

Use at least 10 scholarly or credible resources as supporting documentation. Three of the resources will come
from the class readings. Books cannot be used as resources for this assignment. If any material is used from a
source document, it must be cited and referenced and the page or paragraph number must be provided. A
reference within a reference list cannot exist without an associated in-text citation and vice versa. View the sample
APA paper to gain a better understanding of how to use APA within the paper.

How to Set Up the Paper

Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font. The final product will be
between 6-8 pages in length excluding the title page and reference page. It is important to write clearly and concisely.
Use the following format with headings:

Create a title page with title, your name, the course, the instructor’s name and date;

  • Introduction (one paragraph)
  • The Ethical Issue;
  • Traditional Theories/Resolution;
  • Ethical Relativism
  • The Best Resolution

A Unique Ethical Issue

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Should Companies Monitor Their Employees Social Media?

Should Companies Monitor Their Employees Social Media?
Should Companies Monitor Their Employees Social Media?

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Should Companies Monitor Their Employees Social Media?

Select a topic not specifically discussed in class from the Unique Ethical Issues lists from weeks 3, 5, and 7. Write a brief one-to-two page paper that introduces the unique ethical issue

You will explore the readings for the unique ethical issue.

  • Discuss the selected ethical issue topic.
  • Identify one common ethical dilemma associated with the ethical issue and explain why it is so.
  • State the dilemma. Choose two traditional theorists from week 2 and use their principles to explain his or her solution to the ethical dilemma you have presented.

Should Companies Monitor Their Employees Social Media?

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Should Companies Monitor Their Employees Social Media?

The advent of social media has provided individuals with an avenue through which they can communicate, interact and create connections. Social media also provides a platform through which individuals can express themselves by posting their views and opinions, which they can then share with their connections. In recent times, employers are taking advantage of social media to understand the potential and existing employees’ personalities and hence make employment decisions based on such information. This has led to the question of whether companies should monitor employees’ social media. Monitoring employee activities on social media are considered an ethical issue, mostly based on its potential to infringe on employee privacy.

Social media has both positive and negative employees in the workplace. A notable aspect if social media is that it has given employers a platform through which they can assess potential and existing employees to understand their personalities and thus determine their strengths, weaknesses, interests and their relevance to the current job (Vroman et al., 2016). Social media has notably been used in the recruitment process, where companies are going through individuals’ social media pages before deciding to employ.

This presents various ethical implications, which may affect both the employer and the employee. Privacy infringement is considered a major ethical implication. Given that social media is a private space where individuals share and interact with their social connections, monitoring employee activities on social media can be equated to privacy infringement (Mello, 2012)…..

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Business Ethics and the Individual

Business Ethics and the Individual
Business Ethics and the Individual

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Week 3: Business Ethics and the Individual

“We may pretend that we are basically moral people who make mistakes, but the whole of history proves otherwise.”
Terry Hands 1941-, British theatre and opera director

Overview:

People are quick to say that it is not the business that did bad things but the people who run the corporation. This week’s thrust is the examination of ethics from the individual’s perspective in the workplace. What ethical behaviors should the individual exhibit? And what behaviors should the individual expect from the business? Also discussed are several unique 21st century ethical issues facing the individual in the workplace.

Theme 1: Knowing Your Own Values and Ethics

Read/View:

Do The Right Thing: Making Ethical Decisions in Everyday Life

What Are Your Values

Living Your Values (1)

Living Your Values (2)

27 Psychological Reasons Why Good People Do Bad Things

Theme 2: Unique Ethical Issues for the Individual

Below are several of the most common and contemporary ethical issues that employees face in the workplace.

Read/View:

Whistleblowing: Redefining Ethics

Snowden and the Ethics of Whistleblowing

Employee Behavior Standards in the Workplace

Should Companies Monitor Their Employees Social Media

Common Ethical Workplace Dilemmas

Moral Issues Facing Employees

Complete:
Participate in Week 3 learning activities

Business Ethics and the Individual

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Identifying Ethical Dilemmas in Business

Identifying Ethical Dilemmas in Business
Identifying Ethical Dilemmas in Business

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Identifying Ethical Dilemmas in Business

Assignment #1: Ethical Dilemmas (15%)

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:

  • Identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles
  • 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 enterprise100 % 5 of 5 topics complete
  • 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: All submitted work is to be your original work. You may not use any work from another student, the Internet or an online clearinghouse. 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).

Identifying 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).

Identifying Ethical Dilemmas in Business

Preparation for the Assignment

Before you begin writing the assignment, you will read the following requirements that will help you meet the writing and APA requirements. Not reading this information will lead to a lower grade:

  • Read the grading rubric for the assignment. Use the grading rubric while writing the report to ensure all requirements are met that will lead to the highest possible grade.
  • 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.
  • Contractions are not used in business writing, so you are expected NOT to use contractions in writing this assignment.
    You are expected to paraphrase and are NOT to use direct quotes. You are expected to paraphrase, which can be learned by reviewing this link: https://writing.wisc.edu/Handbook/QPA_paraphrase2.html
  • You are responsible for APA only for in-text citations and a reference list.
  • You are expected to use the facts from the case scenario paired with the weekly course readings to develop the analysis and support the reasoning. No more than three (3) external resources can be used in completing the assignment. Books cannot be used as resources for this assignment. 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.

Identifying Ethical Dilemmas in Business

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Ethical Decision Making by a Corporation

Ethical Decision Making by a Corporation
Ethical Decision Making by a Corporation

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Week 5: Ethical Decision Making by a Corporation

“Being good is good business”
Anita Roddick 1942-, British founder of The Body Shop

Overview:

Week Five focuses on the idea that a business can make an ethical decision and what it takes for them to do so – how ethics works in the organization, how leadership plays into the ethical decision making, and the need for an ethical organizational culture. Also discussed are several of the unique 21st century issues facing business today.

Theme 1: Ethical Organizational Decision Making Can Be Encouraged
Ethical behavior is something that people talk about but if an organization and the people in it are not committed to its importance then it will not succeed.
The theme this week focuses on how we can make businesses create an ethical environment.

Read/View:

Theme 2: Unique Ethical Organizational Issues

Here are several 21st century ethical issues that feature organizational decisions.

Read/View:

  • Genetic Engineering in the Workplace, Read My Genes: Genetic Screening in the Workplace
  • Ethics and Genetics: Susceptibility Testing in the Workplace
  • Privacy Matters
  • Big Chocolate Child Labor
  • What Will a Future Without Secrets Look Like?
  • Apple Failing to Protect Chinese Child Labor
  • Marketing Ethics
  • Marketing to Children: Accepting Responsibility
  • Ethical Marketing – Explore the Strategy of Ethical Marketing
  • Is Business Bluffing Ethical?
  • Getting to the Bottom of the Triple Bottom Line

Ethics and the Triple Bottom Line

Complete:
Participate in Week 5 learning activities

Ethical Decision Making by a Corporation

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