The quality assurance department manager sent a memo to me this tomorrow to notify us of the problem regarding our next shipment of the elementary toy collections to schools in South America. It was discovered that the metal whistle included in the toy has a small traces of lead, though the amount was small but it was still slightly above the U.S. legal acceptance. The cost to reproduce and repackage the toy is $100,000. Being the division manager, it is my duty to analyze the problem and write a memo to the CEO outlining the alternative ways to solve the issue along with the decision making process utilize to reach alternative options and how each option will affect the company legally, financially, ethically. The advantages and disadvantages of each option would be analyzed.
Decision making Process:
The decision making process involves evaluation of a problem, consideration of alternatives, selecting the best option from multiple alternatives and follow up with the necessary action (Houghton Mifflin Harcourt, 2013). To better understand and analyze the various alternatives to conquer the defective problem, a decision making model would be utilized. The first step would be identifying the problem to know exactly what the company is dealing with; second step would be gathering information to understand the cause and effect. The third step is identifying various options or alternative available to solve the problem and understanding the pros and con of each alternative. The fourth step is choosing the best option and the final step is implementing and evaluation to ensure proper implementation.
Alternatives:
The decision making process would be utilized to analyze three different alternatives in the defective product. The first al...
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...nd policy to govern the company personal and business conduction, any violator of the code would be disciplined which could include termination and legal proceedings.
After analyzing the code of ethics from Netflix corporation, I will recommend that the toy company adopt a few of the codes. The company should have a code of ethics requiring every member to perform their duties in an ethical manner and refrain from fraud. Employees should be encouraged to discuss or report unethical activities or suspected misconduct to appropriate leadership. Finally, the company’s code of ethics must include compliance with all state and federal regulations and laws.
Doing this will allow the company to make an ethical decision whenever any dilemma happen in the company and it would allow to follow every federal and state regulations and laws to prevent liability and lawsuits.
Hughes Microelectronics is a company that were found to have unethical practices during the 1980’s when handling government contracts. This was brought to light by two whistleblowers that worked for the company at the time. The purpose of this is to review four main questions concerning the situation and how it was handled ethically by the whistleblower. The first and second parts will be fairly similar what were the responsibilities of the company itself, what were the responsibilities of the main whistleblower Margaret Goodearl. Next, the conflict between the two parties will be examined and also whether or not the situation was handled ethically. Lastly the question of whether or not whistleblowing is the most ethical solution
In order to address the above components, five decision making steps have to be put in place, these are; being attentive, being intelligent, being reasonable, being responsible, and being reflective. The first step, being attentive, involves evaluating the whole situation and coming up with the data and information about the problem at hand. In so doing the following questions are viewed; what facts to bear in mind, what direction to take so as to get the expected solution, and what is the main issue to work on. In the second step, being intelligent, the information is clearly studied to determine whether the collected data is revealing the correct details concerning the problem. Determine the stakeholde...
Paradigm Toys would benefit from an annual ethics audit by a third party audit company. Ethics audits would ensure that Paradigm Toys is performing ethically internally with all areas of their business. It would provide a time to make sure that employees understand what is expected of them ethically. In areas that need improvement a plan could be discussed so that management knows what needs to be changed and how to change it. The main object is to make sure that Paradigm Toys is performing ethically for their best interest as well as the best interest of their internal and external stakeholders.
This step includes gathering facts before trying to figure out the solution to the issues or possible future issues. This is a very important step when making important business decision...
For a company to be successful ethically, it must go beyond the notion of simple legal compliance and adopt a values-based organizational culture. A corporate code of ethics can be a very valuable and integral part of a company’s culture but I believe that it is not strong enough to stand alone. Thought and care must go into constructing the code of ethics and the implementation of it. Companies need to infuse ethics and integrity throughout their corporate culture as well as into their definition of success. To be successfully ethical, companies must go beyond the notion of simple legal compliance and adopt a values-based organizational culture.
In today society you always hear about how company is conducting themselves ethically. This concept can sometimes help or hurt a company in the worst way possible at times. However, ethical conduct is not only the company’s responsibility but also the individuals. Granted the majority people do have that internal sense of what is right and wrong, that however doesn’t mean that they always listen to that still small voice.
For this paper Washington Mutual has been selected to show how the ethical decision making process can be achieve. When it comes to business ethics in the workplace Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option can appear to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract. These ethical decisions are real-life situations where they are forced to make on a daily basis. This is why it is ultimately important that all employee know the six steps to ethical decision making that the company uses.
The following is a decision-making model that I have used to arrive at a decision.
Having a code of ethics leads to improved employee behavior, which is a huge part of culture for a standard company. Because employees are the people who create value for the company, in which way, they need to have honest and candid altitudes to the company. Having a code of ethic is a useful tool to manage an organization’s values, responsibilities, and ethical duties. To make the codes work, companies must put the code of conduct into the business so that employees know how it applies to them. The code is also a way for employees to get advice about ethical problems or concerns. “According to the 2009 National Business Ethics Survey, eighty-nine percent of those polled felt management adequately discussed the importance of ethical conduct. Similarly, 2008-2009 Integrity Survey, published by KPMG Forensic, it was found that ethics programs, including codes of conduct, had a strong impact on how employees felt. Ninety percent of those surveyed who worked in companies with a code of conduct felt they were motivated to do the right thing. This compares with just 43 percent of people who work in companies without strong codes of conduct.” (NCARB) The code of conduct plays an important role in the business no matter
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
When working for any corporation it is very important, that one reads and understands the company's ethics policy of the company where they are employed.
“Decision making is a process of first diverging to explore the possibilities and then converging on a solution(s). The Latin root of the word decision means "to cut off from all alternatives". This is what you should do when you decide.” (Kotelnikov, 2008). In fact, the decision making process helps reduce doubt and uncertainty about alternative choices to allow individual to choose the best reasonable choice. In addition, the decision making process can make the difference between a successful and an unsuccessful organization. Consequently, management tries to use the best techniques and tools possible to make the best decision. Nowadays, most organizations seem to think that they have the most effective and efficient decision making process. So what are the different styles of decision making processes have organizations implemented? In order to answer this question, the team members will investigate and observe the decision-making processes most prevalent in their organization. As a result, these papers will first compare and contrast the problem identification and formulation styles in the team members’ organizations. Then the most favorable aspects of each style will be discussed to describe a process by which a problem can be identified and described to stakeholders in a manner that is sensitive to their perspective.
Making decisions is an important part of our everyday life. Decisions define actions and lead to the achievement of goals. However, these depend on the effectiveness of the decision-making process. An effective decision is free from biases, uncertainties, and is deeply dependent on information and critical thinking. Poor decisions lead to the inability to achieve set objectives and could lead to losses, if finance is a factor. Therefore, it is important to contemplate about quality and ways to achieve it in decision-making, which is the focus of this paper. The purpose is to look into the needs of decision-making, including what one should do and what one should not do.
Ethics is central for any organization in treating employees fairly and helping the organization advance its mission. There is no single best way for dealing with ethical challenges, but it is very important for managers to develop ethical policies and procedures for implementation. To minimize possible unethical decisions by staff members, it is important to incorporate written standards grounded in organizational values in the code of conduct.
Some decisions prove to be vital and any miscalculation that may be involved may prove dire for the individual or the organization. In identifying the criterion to use while evaluating different decisions, many factors pertaining the structure should be considered. The pros and cons of every decision made should be evaluated to ensure that the option chosen has the most positive effect on the individual and the organization. Some of the activities that may require keen decision making include project development, finance and operations. With the knowledge attained it will be easier to cope with tough decisions that may come up in my career. Decision making models may be generated to give an in depth view to the problem and also provide critical analysis ability. It is also vital noting that for those in managerial positions, they face a bigger task in decision making. A good understanding of the business function and structure will provide an in depth knowhow to those that have studied the