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The interests of these different stakeholders in the situation play a crucial role in determining the most suitable decision and course of action for Joe. The first two stakeholders in this situation are Joe and Bill who have established a great working relationship over the years. Joe and Bill are crucial stakeholders in this situation because their relationship has been crucial towards creation of business contracts between UWEAR and Peninsula. Actually, one of the considerations for Joe when determining whether to accept the invitation or not is the nature of their relationship with Bill. The other stakeholders are UWEAR and Peninsula whose business interests have played a crucial role in previous and current contracts or business deals between the two companies. In this regard, Joe's decision requires consideration of the business interests of UWEAR and Peninsula and its potential impact on the operations of these two companies.
The situation Joe is currently facing is a scenario with probable conflict of interest, which is basically a situation that could create conflicts between personal interests and the interests of a business organization or institution (Heathfield, 2017). Given the emerging conflict of interest in this situation, there are various potential outcomes. First, if Joe accepts Bill's invitation, there could be organizational consequences in relation to business ethics. Such a decision is likely to generate concerns that Joe influenced Bill to maintain the current higher price and award the contract to UWEAR or that Bill influenced Joe to lower the price of the offer. Secondly, if Joe declines Bill's invitation, it could significantly harm their good working relationship, which bas been strained lately because of contract negotiations.
UWEAR is undergoing a difficult period that has been characterized by declining sales and relatively low profit margins. This situation has generated considerable concerns and pressure of the firm's employees include Joe who is fearing cutbacks and layoffs because of the company's merger with PALEDENIM. However, Joe has established good relations with the CEO of Peninsula Hotels and signed a contract with them in the past financial year. Given the
Ethics are essential for organizational success. They influence the decisions made by the employees and managers on issues affecting the performance of the firm (Project Management Institute, n.d.). An organization that upholds ethical behaviors has a culture that fosters not only productivity but also excellence in service and product provision to its target markets. Managers are tasked with the role of ensuring that ethics are upheld in a firm. However,
Cultural Differences in Ethical Decision-Making Using Multidimensional Ethics Scale The objective of this study is to examine cultural differences in ethical decision-making using the multidimensional ethics scale. The Multidimensional Ethics Scale (MES) was developed originally by Reidenbach and Robin (1988, 1990) and is one of the most often used measures in business ethics research. (Lin and Ho, 2008, p.1213) The MES is an instrument found to be useful in business
The two scenarios are likely to sway employees to provide false information if they are encouraged. However, the relationship had much strength in the positive. Therefore, in this study, there were clear choices. The participants were required to either tell the truth or lie. If things were easy for individuals in the world, lines of making moral decisions tend to be much fuzzier, however, the bottom line remains the same
The dominant, goal-oriented person can focus on the ultimate objective, the influence-based person can examine the interpersonal dynamics of the decisions that must be made, the steady person can foster harmony and a positive atmosphere, and the conscientious person can stay on task in a reliable fashion. While clashing personalities can thwart reaching positive and goal-directed solutions, they can create a better solution and check the excesses of one
Decision Making Barnes and Noble Inc. is one of the most successful bookstores in the world. The company operates throughout the United States and boasts roomy inviting stores. In addition to books, the company also sells DVDs and music. The company operates both brick and mortar stores and it is also the largest internet bookstore. Furthermore, Barnes & Noble, Inc. is a Fortune 500 company and the largest bookseller in the