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Legal and ethical issues in businesses
Legal ethics in business environment
Legal and ethical issues in businesses
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Issue 1 - Ethics and Legal Environment In the case of Mike and Angel, Mike is facing a moral problem in deciding if he should remove Angel as chairman of the board, due to Angel’s scandalous past, in order to appease discontented shareholders of the gun manufacturing company. Mike has the option to either ignore the detractors or take action to remove Angel from the board. When assessing the options, Mike should utilize Joseph Badaracco, Jr.’s (2002) ethical analysis framework to determine the best ethically and morally responsible course of action. After applying Badaracco’s framework, my recommendation is for Mike to renounce any further action against Angel and provide a final statement to shareholders and the community, whereby Mike will …show more content…
To compete in the global high-tech market, Mannerly envisages changing to a matrix organization structure, wherein managerial control will be shared by both product and functional managers (Jones, 2013, p. 426). In utilizing the matrix structure, the boundaries leading to subunit orientation are diminished, due to nominal differentiation, which allows for product teams to be agile in responding to customer demands (Jones, 2013, p. 427). Likewise, the matrix structure offers the opportunity for open communication, learning and development of all employees, which fosters innovation (Jones, 2013, p. 427). Additionally, the fluid structure of the matrix organization provides the ability to move employees with specialized skills and knowledge between product teams as needed (Jones, 2013, p. 427). Furthermore, the shared functional and product focus allows the product teams to invent quality products while the functional oversight keeps costs constrained (Jones, 2103, p. 427). However, the lack of a vertical bureaucratic structure can lead to role conflict and role ambiguity (Jones, 2013, p. 394 & 427). Similarly, financial resources are strained due to competition between the functions and product teams leading to infighting (Jones, 2013, p. 428). Moreover, the flexibility afforded in a matrix structure eventually results in stovepiping, as informal leaders build core competencies and resist knowledge transfer (Jones, 2013, p. 428). Also, the flexible structure becomes constricted and morphs to a mechanistic structure in order for management to gain greater oversight, as goal achievement diminishes (Jones, 2013, p. 428). The industry in which IBC operates requires continually creating new product. Therefore, Mannerly’s strategy in organizational change will allow IBC to use its core competency in innovation of high-tech products to gain a competitive advantage in the global market
It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the only important value is the bottom line, most executives merely give lip service to living and operating their corporations ethically.
An influential 12 year old girl during World War II and a manipulative coquette in Victorian England create two unsurprisingly juxtaposed images in a reader’s head. However, no matter how juxtaposing their personalities or lives may be, any two characters can share experiences and learn lessons in similar ways. In The Member of the Wedding by Carson McCullers and Lady Susan by Jane Austen, The characters Frankie and Lady Susan share a common desire to feel secure in their dominantly male influenced cultures.
The main challenge of a Matrix Organization is to keep the stability between product management and department management. The employees, in this kind of organizations, are expected to respond to two lines of management. Taking directions from two sources may lead to opposing directions, and consequently, lead to disputes among management teams. The primary benefit of the two lines of management is the higher efficiency; In this kind of organization formal and informal communication are very high, and technical issues are fixed quicker as well as customers demands.
This paper is an analysis of the ethical business decision matrix developed by The George S. May Company (May), a management-consulting firm. The paper will also compare how these guidelines were used by John D. Beckett (Beckett) in his company and how the author’s firm, PricewaterhouseCoopers, LLC (PwC), uses them. The guidelines are meant to be used by employees. These guidelines are specifically a measure of moral and ethical principles tied to business ethics in acceptability of right and wrong behaviour in the workplace.
The team/matrix structure within this organic model clearly creates product innovation, job satisfaction, across the board high profits and lower costs. This is a result of the organic model with a team/matrix structure influenced by their innovation strategy.
Faced with changing markets and higher competition, more and more firms are struggling to reestablish their dominance, keep market share, and in some cases, ensure their survival. Many have come to understand that the key to competitive success is to transform the way they function. They are reducing reliance on managerial authority, formal rules and procedures, and narrow divisions of work. In effect, companies are moving from the hierarchical and bureaucratic model of organization that has defined corporations since World War II to what can be called the task-driven organization where what has to be done governs who works with whom and who leads. But while senior managers understand the necessity of change to cope with new competitive realities, they often misunderstand what it takes to bring it about.
In addition to urgency, Gustavsson could not create a powerful guiding coalition. He established a cross-functional team to develop a new moisture-resistant product. But the team did not include a sales manager who knows customers' needs and eventually sells the product. Although the team developed a commercially-viable product, their efforts, at least in the short term, were unsatisfactory, because with sales people's own doubts about the new product, they were afraid of jeopardizing the reputation of current product. Moreover, these cross functional teams operated within the established organization maintained the company's dominate culture and past norms. We know that structurally independent teams that are tightly integrated into the existing hierarchy with different cultures and processes are often more successful.
The movie “Glengarry Glen Ross” presented a series of ethical dilemmas that surround a group of salesmen working for a real estate company. The value of business ethics was clearly undermined and ignored in the movie as the salesmen find alternatives to keep their jobs. The movie is very effective in illustrating how unethical business practices can easily exist in the business world. Most of the time, unethical business practices remain strong in the business world because of the culture that exists within companies. In this film, the sudden demands from management forced employees to become irrational and commit unethical business practices. In fear of losing their jobs, employees were pressured to increase sales despite possible ethical ramifications. From the film, it is right to conclude that a business transaction should only be executed after all legal and ethical ramifications have been considered; and also if it will be determined legal and ethical to society.
If a business wants to grow and be profitable, it requires an organizational structure so as to ensure that there are enough human resources with specific responsibilities within the company to accomplish its aims. A good organizational structure could help a company to increase its productivity, enhance the communication among its employees and employers, and inspire innovation; in other words, to create a labor environment where people can work effectively. (Faith Technologies, 2011) However, each company adopts its own organizational structure depending on its objectives. In our case, Apple Inc. and Samsung Electronics have different organizational compositions.
An organisation can be structured in many ways which depends on an organization’s strategy and objectives. Therefore the organizational structure defines how tasks are controlled within a business. This is to allow correct allocation of tasks to different functional teams. These teams are developed and allocated specifically on the performed tasks in order to meet the organization’s objectives and required goals. Delic, A., Alibegovic, S. D. and Mesanovi, M. (2016) found that a narrower Organisational structure with very fewer hierarchical levels is appropriate for the development of intrapreneurship within an organisation. (Damanpour, 1991; Fadeyi et al., 2015) added that an organisational structure includes the nature of formalization, the
Mike, a non-consequentialist deontologist in the 5th stage of Kohlberg’s (SoCMD) (Figure 1.) argued that ethical behaviour of corporations should be set in a top-bottom structure and that ethical leadership should be reflected in this manner through respecting the governance code and corporate ethics. Alfaraft AB has the duty to impose the code of conduct persistently on their employees and maintain it as it is visible to the general public. The corporation talks about ethical structure but it does not act accordingly, it is there more as a necessity and for marketing use. He argues that the company should not manipulate employees for its own purposes as Alfaraft AB did to Anna by turning her from an utilitarian to an egoism adherent whom craves for bonuses which ultimately, as part of management, she espouses her “get-rich-quick” message to her subordinates. In his view, an ethical leader should encourage employees to respect norms imposed throughout the corporation in a transparent manner by the top levels of the corporation. Ultimately, he considers that Alfaraft AB does not believe that ethical leadership is possible, hence, his participation in the protest against the company.
Matrix structure is first introduced in the aerospace industry in the 1960s and become one of the popular organizational design options in today’s business and industry (Derven & Alexandria, 2010). Burns and Wholey (1993) poinited out that matrix structure were used in advertising agencies, aerospace firms, research and development laboratories, hospitals, government agencies, and universities. Matrix structure is the combination of two or more different structures and take the advantages of the pure functional structure and the product organizational structure (Robbins & Judge, 2011, p. 497). The employees in the matrix may have two bosses: their functional department managers and their product managers. For example, all engineers may be in one engineering department and report to an engineering manager, but these same engineers may be assigned to different projects and report to a project manager while working on that project. In many organizations, a matrix structure is implemented to address the requirement to do more with less and become more agile. The matrix structure, which focuses on horizontal as well as vertical management, has become more widespread as a result of globalization and the...
“Being Good is good for Business.” – Anita Roddick states in a concise manner. A business decision is a settlement made concerning a business, which aims at providing benefits to its stakeholders. Morality can be defined as the principles governing the distinction between right and wrong, or good and bad behavior. Business decisions definitely have a lot to do with morality. Business ethics involves the creation and application of morals in a business environment. It is impossible to have someone make decisions solely for the organization’s betterment without analyzing how moral understandings of people are impacted. “Smart Business” mentions in an article that with an understanding of values, ethics and morals while using ethical principles, a business owner or leader can form a framework for effective decision-making with formalized strategies. Decision makers are bound to face a dilemma at some point or the other when they would have to choose between what abides by moral values and what doesn’t. This essay shall discuss how business decisions and morality are closely
Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).
Business structure is a critical factor to determine a company 's success or failure. Generally, larger organization has a more complex organizational structure. In the case of H&M, they had adopted matrix structure, one of the traditional organizational structure, into their business. As shown in figure 1, range of functional groups is listed horizontally across the table and on the other is product/task with a manager taking control of each. The functional structure is divided