Effective moral compass in business dealings

Assignment Help Operation Management
Reference no: EM131809062

Confusion over conflicting ethical standards may suggest one reason for the lack of an effective moral compass in business dealings and why certain elements of an organization's strategy may be unethical. But apart from this, three main drivers of unethical business behaviour stand out: - Faulty oversight that implicitly allows the overzealous pursuit of personal gain, wealth and self-interest. - Heavy pressures on managers to meet or beat short-term performance targets. - An organizational culture that puts profitability and business performance ahead of ethical behaviour. Choosing one of these three drivers outlined above, discuss how this can lead to unethical behaviour and use an example to illustrate your answer.

Reference no: EM131809062

Questions Cloud

Determine the yield to maturity : The bond's par or face value is $1000, and it is due in 9 years. Determine the yield to maturity (IRR) of this bond. (Assume that interest is paid annually.)
Central role in stabilizing organization policies : Operation managers play a central role in stabilizing an organization's policies and procedures across major business areas including finance,
How much warranty expense does the company report : Chang expects to incur warranty costs equals to 4% of dollar sales. How much warranty expense does the company report in 2011 for this copier
Determine the irr : Assume that the bond is held until its maturity, and determine the IRR. The bond's face value is $1000, and interest is paid semiannually.
Effective moral compass in business dealings : Confusion over conflicting ethical standards may suggest one reason for the lack of an effective moral compass in business dealings
Provide an overview of the leadership development program : Reflect on your organization and list out what you feel are the KPI's of an effective leader in your organization.
Determine the yield to maturity : If interest is paid annually and the bond matures in 8 years, determine the yield to maturity (IRR).
Ethics concerns principles of right or wrong conduct : Ethics concerns principles of right or wrong conduct, it is usually thought of as a set of moral standards that governs or influences the way people behave.
Commission on all bond transactions : Acme Bond Trading receives a 10% commission on all bond transactions. If an 8% coupon bond selling for $933 matures in 8 years and is bought from Acme

Reviews

Write a Review

Operation Management Questions & Answers

  Researches your product or services target market

Select a local company and one of its products or services. Create a 1,400-word Discussion Guide for your selected product or service to be used during the course of a Focus Group that researches your product or services target market.

  Identify an ethical problem the business has encountered

Identify an ethical problem the business has encountered. Discuss policies and procedures appropriate for this business that would support the code of ethics.

  Distributorships and business format franchising

There are two major types of franchising arrangements: distributorships and business format franchising. Explain the differences between these two arrangements and give a common example of each.

  What is the percentage change in labor productivity

Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. What is the percentage change in labor productivity from Apri..

  How can leadership improve the procurement process

How can leadership improve the procurement process? How can the procurement process improve leadership.

  Long-term schedule of aircraft usage

An airline company must plan its fleet capacity and its? long-term schedule of aircraft usage. For one flight? segment, the average number of customers per day is? 70, which represents a 65 percent utilization rate of the equipment assigned to the fl..

  Differant between transaction selling-relationship selling

Whats the differant between transaction selling and relationship selling. identify examples detailing when transaction selling would be appropriately used and also relationship selling. Discuss how transaction selling can be used to build relationshi..

  Ongoing activities needed to sustain its viability

what is needed from executive management beyond being a role model to establish an ethics program and the ongoing activities needed to sustain its viability?

  Parent-country nationals and third country nationals

Differentiating between Parent-Country Nationals (PCNs) and Third Country Nationals (TCNs)" Please respond to the following: Examine the two (2) main approaches to international compensation, and determine the advantages and disadvantages of each. De..

  Explain the functions of management

What are the four functions of management? Define them. How do these functions relate to the goals of an organization? What is the relationship of efficiency and effectiveness to organizational performance?

  English has changed since they were children

Many people would argue that English has changed since they were children. In a sense, this is true both in terms of grammar and speech.

  Evaluate issues in the current environment

Evaluate issues in the current environment that affect the demand for and supply of engineering and technical personnel.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd