Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Ethical Scandals in Government Contracts
Competitive advantage involves offering the consumer a unique value proposition that other brands cannot. The core principle behind the act of branding is that to thrive, a business must offer something its nearby competitors does not offer. For example, competitors may offer a similar product, at a similar price point. Thus, savvy businesses must either offer a product that competitors do not (either because the organization is catering to a specific niche), a unique service (such as special delivery service or additional customer service and support), or must strive to offer the product at a price point its competitors cannot meet (such as a company which sells at high volume and can offer lower prices) (“Competitive Advantage,” 2021). Competitive advantage is something that must be attained ethically, however. For example, a company cannot make a promise it can meet a specific price point, then renege upon that at the last minute when fulfilling a contract. Nor can it disparage competitors with slander.
According to Thompson (2004), a series of corporate scandals have increased the required controls to ensure more honest accounting on the part of organizations. However, contracting scandals are still rife. A good example of this is a recent scandal in San Francisco, in which public officials were found to be engaged in a pay-to-play scheme. The head of the city’s Public Utilities Commission “was charged with accepting bribes, including paid vacations, in exchange for providing inside information on city contracts to permit expediter Walter Wong” (Pringle, 2021, par.5). Having strict criteria, including financial criteria, regarding the rewarding of contracts is critical. Although branding often depends upon intangible attractions to draw private consumers, when dealing with taxpayer money, it is essential to have concrete standards by which contracts are awarded, to ensure there is no favoritism or pay-to-play schemes that have nothing to do with added value.Reference
Competitive advantage. (2020). SBA. Retrieved from: https://learn.sba.gov/learning-center-market/learning-center-competitive-advantage" rel="nofollow" target="_blank">https://learn.sba.gov/learning-center-market/learning-center-competitive-advantage
Pringle, M. (2021). Elected watchdogs in scandal-plagued cities show how SF might avert future corruption. SF Public Press. Retrieved from: https://www.sfpublicpress.org/elected-watchdogs-in-scandal-plagued-cities-show-how-sf-might-avert-future-corruption/" rel="nofollow" target="_blank">https://www.sfpublicpress.org/elected-watchdogs-in-scandal-plagued-cities-show-how-sf-might-avert-future-corruption/
Thompson, L. (2004). The corporate scandals: Why they happened and why they may not happen again. The Brookings Institute. Retrieved from:https://www.brookings.edu/on-the-record/the-corporate-scandals-why-they-happened-and-why-they-may-not-happen-again/" rel="nofollow" target="_blank"> https://www.brookings.edu/on-the-record/the-corporate-scandals-why-they-happened-and-why-they-may-not-happen-again/
One aspect of the ethics of electronic communications is that people feel an insular autonomy, not necessarily true but implied by the format and that often times people chose to communicate at many times of the day and night, sometimes regretting that the communication was not made with appropriate forethought and skill. The social aspect of work communications must not be ignored as the dynamic of email communication can
Is it ethical to encourage Hindus to eat beef-containing McDonald's products, even if the consumer is free to choose to do so? Is it ethical to alter the healthy French relationship to food, to sell quickly consumed 'food on the go' burgers in that nation? Or to market beauty products in Asia that stress the loveliness of the wider Western eye-shape that Asian women cannot attain, without plastic surgery?
From an egalitarian perspective, which holds that all stakeholders are given roughly equal treatment (Arneson, 2002) bribery is wrong, on two levels. The first is that it creates an unequal playing field within the oil industry between firms that adhere to the law and firms that do not. The second is that it favors some foreign employees for unlawful financial gain while others do not receive the same treatment. The liner
Ethical Leadership Given the recent crash on Wall Street and the housing market symbolized by corrupt financiers like Bernard Madoff, ethical and moral leadership of corporations has become a major issue for those who study the American capitalist system. In reality, such concerns about the lack of morality in business, government and society as a while has increased significantly in the last thirty years, which undoubtedly has been an era that
While some firms are content to subscribe to the bare minimum of ethical doctrines, others have pursued a broader stakeholder perspective. The stakeholder perspective posits that ethics derives from outcomes, which places it squarely in the consequentialist perspective, and that those outcomes be considered from the perspective of all stakeholders (Phillips, 2003). This represents an advancement on Friedman's theory, since he considered only the perspective of the firm's shareholders. Friedman's
corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Provide support for your answer. Unethical behavior has drawn the attention of the public for the few last decades in all kinds of business. Many transformations in the business environment have taken place, including immoral conducts and the tendency for corruption. Unethical accounting behavior is