Is pleasing the customers, and telling them what they might want to hear, more important than being honest with them? When clients ask the company for reports, their main interest should be to get a thorough and comprehensive analysis. If they were only looking for a confirmation of what they wanted to hear, they should not need the research.
This case study review will show that ethics and honesty are more important than pleasing the customer. When Greg was given revised numbers, and was asked to rewrite the report to match the changes, he was put in a difficult situation. He just recently joined the organization, and is likely still getting a feel for the company culture. What are the values and shared goals? His supervisor, Elizabeth,
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Elizabeth is likely struggling from two perspectives. She has to follow directives of the company owners, in this case Mr. Collins, although she might not agree with the decision. At the same time she is the one that has to explain the change to the analysts. Kouzes and Posner (2012) found that "Before you can be a leader of others, you need to know clearly who you are and what your core values are. Once you know that, then you can give those values a voice and feel comfortable sharing them with others" (p. 17). Elizabeth's behavior is not ethical, but she is in a similar position as Greg. Obey the orders, get the analysts to change the report, and have the outside computer firm revise their printouts, or risk getting written-up or terminated.
I would be surprised if this was the first time such a redo of a report was ordered by the owners. This has an overall negative influence on the company culture and values being communicated. If employees feel that unethical actions are being performed, it taints all messages being communicated. Kouzes and Posner (2012) stated that "If you don't believe in the messenger, you won't believe the message" (p.
The problem solving methods that might be helpful to assist Jerry in making an ethical decision would be to establish trust with the patient and become aware of the problem. Then analyze the problems and decide on a plan with the patient. He will then want to make sure he reinforces the commitment to the patient and activate the plan. Last, he will follow through with the task and monitor everything until the situation is taken care of.
6. All employees will be open in attitude and action toward all persons regardless of race, creed, social class, religious beliefs, lifestyle, or position or influence within the organization and community.
Unethical practices of business managements are also tough for the employees who get confused whether to do what is right or just avoid complications and go with the flow. Solomon states that
Arel, Beaudoin, Cianci, (2011) argue that "executive ethical leadership and an "high-quality" internal audit function, can positively guide accounting managers ' making decisions involving uncertainties."
Do you think that ACO can succeed in helping reduce healthcare cost, increase quality care and manage provider risk?
In this matter of the use of anencephalics as organ donors, the New Natural Law theorist must first consider that which is alive, what constitutes life in the eyes of the current law system, and the value of a life for the possible extension of another life, or possibly lives. I have come to the conclusion that New Natural Law would allow for an anencephalic to be an organ donor on the basis that it would not have the ability to live and pursue self- sustainable life, therefore the right to life is the moral fulfillment that this particular ethicist would pursue. Phronesis applied to the individual in question would not allow for life to be pursued since the child is born dying due to lack of means to survive. The moral fulfillment of the New Natural Law Theory is human flourishing based upon the virtuous pursuit of the seven basic and reflexive goods of the theory. Therefore, any anencephalic is born in a vegetative state and in essence is born dying, however science would prove that any human being is naturally born dying. The very fact that one is born means that there is death for that life.
When Beth initially suspected that something was not right about the purchase of the Dugas stock, she should have acted. Instead of Beth reporting to Roger, who was the CFO and her immediate boss, Beth should have reported her suspicions to the audit committee prior to investigating further with Roger. This is important because Beth needs to be able to be independent from anyone who directly affects the daily work functions. ("Should Internal Auditor Report to the CFO?," n.d.). Another key issue was that Beth felt that Roger behaved ethically. It is concerning because she is an internal auditor and should be able to maintain objectivity. Her actions should not be based on how she feels. The last key issue with Beth was that she decided to wait two months before acting on her findings. Empathetically speaking, Beth’s ethical dilemma was huge. Does she go to the audit committee since her immediate boss/CFO risked all of SPs funds to purchase stock based off privileged information, that Cambridge would invest in Dugas, one day prior to the public announcement. Should she consider the fact that by purchasing the stock, the CFO essentially saved her job as well as allowing the drug to be affordable which would in turn potentially aid in saving others from leukemia? I do understand Beth’s concerns. However, It is of my opinion that Beth did not act ethically, in this case. Aside from the fact that it took her two months to decide, her end decision was based off the concern for legal ramifications. Beth’s basis for concern was focused on what she could be held accountable. She felt that what Roger did was ethical, which essentially blinded her ability to make decisions. Beth should have handled her discovery in a different way. Instead of Beth confronting Roger, she should have brought her suspicions to the audit committee. From here, they could have come up with an investigation plan. The investigation
The actions of the investigators can now be broken into two distinct parts, and compared to the two ethics concepts we’ve been discussing. First, did their actions meet utilitarian ideals with regards to the information they received about the board of director members? In a very loose since they did. The information they retrieved did, in fact, identify the person who had been leaking the information. By discovering who that person was, Hewlett-Packard could then discipline him accordingly, keep sensitive information from the media, and ensure that they could continue producing products and keep people employed. Did they meet deontological ideals? Since they were being paid to do a job, they did have a duty to do whatever was necessary to complete that job. However, it could be argued that they had no right to do what they did. There may have been other ways to acquire the needed information, other than
The purpose of this assignment is to review and analyse a business case which features an obvious ethical dilemma. The chosen business case for this assignment involves: Egg farms in Iowa America, bad practices highlighting the ‘ethical dilemma’, and a crooked entrepreneur named Austin Jack DeCoster, a man responsible for making unethical decisions. Austin Jack DeCoster first started operating his egg business in the late 1940’s at the age of 15 and built up his empire to become one of America’s top ten egg producers in the country (Endo, 2010), housing a “flock of more than 15 million chickens” (Friedman, 2010). Although there is a time line of crooked behaviour from Mr DeCoster reaching back as far as the 1950’s (Fassler, 2010), the specific dilemma mentioned in this assignment came to light in August 2010. The ethical dilemma recorded was that salmonella-tainted eggs had sickened an estimated 1900 people, which then led to the recall of 550 million eggs according to (Foley, 2011). These eggs were produced by Wright County Farms, owned and operated by Mr Austin Jack DeCoster.
The nonprofit is bound to ethical practices per a code of ethics and in many cases law. The nonprofit that chooses to act outside of good ethical practices incurs unnecessary risk to the organization and those that count on them. That said, ethics are not cut and dry and often making decisions can be complex. Worth (2014) states this as, “possible situations are so varied that no code can substitute for continuing ethical awareness and the application of good judgment by nonprofit managers” (p. 292). This posting will focus on two cases studies that present potential ethical dilemmas that organizations might face.
Before WorldCom and Enron, many organizations unconditionally placed social and ethical responsibility with administrative legal and compliance obligations, regulations and rules. Today, a company’s ethical behavior is vital to the success of the company. Consumers not only expect but demand that a company is visible in their practices and are held accountable for their actions; be it through internal regulations and rules through the involvement of the government. In this paper, there will be discussions of the social responsibility and role of ethics as it relates to the development of a strategic plan and how the ethical
As the scandals came to light, mistrust of financial reporting in general grew. One article in the Forbes magazine noted that “repeated disclosures about questionable accounting practices have bruised investors’ faith in the reliability of earnings reports, which in turn has sent stock prices tumbling” (Forbes). Imagine trying to carry on a business or invest money if you could not depend on the financial statements to be honestly prepared. Information would have no credibility. There is no doubt that a sound, well-functioning economy depends on accurate and dependable financial reporting. United States regulators and lawmakers were very concerned that the economy would suffer if investors lost confidence in corporate accounting because of unethical financial reporting.
At the time Cynthia Cooper discovered the accounting fraud, WorldCom did not have a whistleblower hotline process in place. Instead, Cynthia took on significant risks when she stepped over Scott Sullivan’s head and notified the audit committee chairman of her findings. Conduct an Internet search to locate a copy of the Sarbanes-Oxley Act of 2002. Summarize the requirements of Section 301.4 of the Act.
A person’s ethics are the morals and values that they believe or set for themselves. Ethics are what helps you to decide for yourself what is right or wrong to do, say, or believe. Some achieve their personal morals through religion, while others may learn these values through teachings from their family members and friends. Others may even gather their morals through people who have made mistakes in the past that have impacted their life in a negative or positive way. Regardless of how you may have obtained your morals, odds are, there are many people with similar values and standards.
Yes, as we can see it from a whole picture obviously there has been damage to Baidu.com’s reputation. Ever since the incident happened, Baidu.com has been affected by rumors saying that it accepted the screen-out payments to protect a certain number of milk manufacturing company from online searches about the tainted milk scandal. This has made the company’s information appear unreliable. Even though the case of Baidu.com has not been made clear with lack of evidence, it is easy to realize that the company being paid off for not disclosing information and by advertisement placements, in a way that paid