Allegiance Commercial Real Estate Services
Hypothetical situation, an individual who works at Allegiance Commercial Real Estate Services overhears a conversation. A female executive assistant confides to her friend that her boss, who is the Designated Broker for the company, intends to manipulate the new real estate listings, with the company over the next 90 days to insure that he can take them with him without legal liability when he resigns and opens his own commercial real estate company. For the hypothetical situation, I will add names. The individual who is at the center of the case will be name Linda. A female executive assistant, Jessica, tells Linda that designated broker for the company, Stanley, plans to manipulate the new real estate listings to ensure that he can take them with him without legal liability. Stanley is currently Linda and Jessica's boss at the firm. Stanley is planning to resign and open his own real estate company. In fact, he had already promised Linda a position as senior executive assistant at the place he plans to open. Linda did know about the impending move. However, the information regarding the manipulation of listings is news. How might Linda react to the new information?
Here, the dilemma is that Stanley is leaving a firm to open a new one and plans to take some of the clients as well as some of the employees with him. This is a common move in the corporate America society, which is not considered illegal. However, there are legalities and ethical considerations when it comes to taking information or retaining part of the client base. Generally, clients belong to the company and not to the employee, but there are different rules regarding different practices. In reviewing a chapter in th...
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...e company. Your boss is the designated broker but he reports to the Owner/Broker and if you feel this information is valid and something your boss would do, it is important to advise the Owner. The third alternative is to confront the other executive assistant to ask where she got her information. These three alternatives are truly the only alternatives the employee has. Ignore report or confront.
The definition of Assumption is to suppose a thing without proof. (Webster’s 2009) Without any solid proof, just the gossip of a fellow co-worker, I will not base my decision on an assumption of another. I will follow the alternatives in order until I reach the truth and base my judgment on facts not fiction.
Reference
Ferrell, O.C., Fraedrich, J., & Ferrell, L. (2009). Business ethics: Ethical decision making and cases (7th ed.). South-Western College Pub;
.... Her relationship to Apex Art is more important than maintaining the working relationship between Grant and her. The negative impacts that will result from her using the information outweigh the positives of using the information in order to win the bid and make money. Therefore, she should do the right thing and notify the next figure of authority above her and expose all the information that she was told by Grant.
Lincoln is an accounting manager at a manufacturing company, Octavia is the financial supervisor and Finn is the finance director. Lincoln and Octavia report back to Finn on the day-to-day financial activities of the company. One day at work, you overhear Octavia saying she has not been revealing some important information to the external auditors. Information you know is about the recent purchase of a large piece of machinery becoming useless and has little value if resold. Lincoln does not know whether to believe what he has overheard. In addition, Lincoln has also heard from another source that there was a bribe paid to an oversea company to secure a sales contract. He feels uneasy abut the situations, and is left in a
2.Goodpastor, Kenneth. Nash, Laura. de Bettignies, Henri-Claude. Business Ethics: policies and persons 4th edition. Mcgraw Hill Irwin Publishers. Pages 396-405
Insider trading is the act of purchasing or selling securities based on material, nonpublic information. Information is consider to be material if a reasonable person would use it in such a way that would persuade them to partake in an exchange of securities, or if it was reasonable to believe that it would affect the market price of a security once the information has become public (Carlin 2003). Information can only be acted upon once it has been made public, otherwise, unfair trades would take place that could negatively affect the general public and shareholders of the company. Those who are employees of the company upon employment have a signed agreement to put the interests of the shareholders first. Acting on tips from within the company or other sources could negatively affect the corporation’s success, resulting in a shareholders loss.
Trevino, L. K., & Nelson, K. A. (2011). Managing business ethics: Straight talk about how to do it right. New York: John Wiley.
Fieser, J. & Moseley, A. (2014). Introduction to Business Ethics. San Diego, CA Bridgepoint Education, Inc.
Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to
According to the case the problem that needs to be taken care of first is regarding Paul Bertuzzi warehouse supervisor at the Winnipeg facility. Paul on his training met two other supervisors of different locations who revealed to him a moneymaking scheme of selling the company’s latest shoe designs and production techniques to an overseas shoe manufacturer in return for part-ownership in the business. An auditor of the company discovered about scheme of two warehouse supervisors of other facilities and they were fired. Paul and an employee admitted to be aware of this scheme. This problem is very important to be solved as it is related to the company’s confidential information. The manager needs to look deeply into the problem to find out whether they actually had given any information or they just planned about this scheme. Because in case the information has been leaked the company may have to face disastrous problems as the overseas manufacturer may produce and sell the products at cheaper rates than their company, due to which they may have to plan some new ideas to solve the future problem
Seawell, Buie 2010, ‘The Content and Practice of Business Ethics’, Good Business, pp. 2-18, viewed 22 October 2013, .
Ferrell, O., Fraedrich, J. and Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. 1st ed. Mason, Ohio: Cengage Learning, p.327 -336.
As a recently hired Chief Operating Officer (COO) in a midsize company, multiple personal problems are quickly discovered that require immediate attention. As an astute manager, there is a need to analyze the employment-at-will doctrine and determine if there are any exceptions and liabilities before taking any action. In addition to the personal problems, it is discovered that the company has a no whistleblower policy. By the end of this paper, you will be able to review a summary of the employment at will doctrine, review scenarios of the personal problems of the company and determine if the employee could be legally fired, get an overview of ethical theories, identify whether or not the company should adopt a whistleblower policy, and review justifications of at least three (3) fundamental items that should be included in a whistleblower policy.
According to the scenario, Jacob and Krystal worked in an ad agency that started five years ago in Topeka, Kansas. The ad agency was barely making a profit and needed a large client, which led the agency to put in a bid for a city government contract. Due to Jacob’s son being sick, he was preoccupied with taking care of his son and left Krystal with most of the work. Krystal prepared the presentation and got with Jacob the day before the final meeting with the client. Krystal knew that Jacob has good speaking skills and they both decided that Jacob would do the presentation. Jacob’s presentation was a success and they successfully sealed the contract. The owners of the company were so impressed and gave Jacob a bonus check of $10,000. Jacob saw this opportunity where he could use the money for his son’s medical bills. However, he knew that Krystal did most of the work and deserved the bonus money. Jacob is disappointed and his situation has left him with a decision on what to do with the money. This case study will pinpoint Jacob’s ethical dilemma and what ethical action he should take. Also, the roles and responsibilities of an employee dealing with an ethical situation as well as the ways of an organization to maintain ethical practices in the workplace
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning.
Treviño, L. K., & Nelson, K. A. (2007). Managing business ethics: Straight talk about how to do it right Fourth ed., Retrieved on July 30, 2010 from www.ecampus.phoenix.edu
- Whistle blowing deals with the act of organization members who reveal some information about unethical and illegal practices that happen within the firm, to internal parties (organization management) or external ones, who can consider action. It is getting increasingly common as more employees speak out about their ethical concerns and worries. It cannot be contradicted that; whistleblowing is coexisted with a range of issues that could affect both; the whistle blower and the firm. However, it can be argued that whistleblowing is a critical and valid method to help to control any potential inappropriate conduct by organisations, as well as assisting to initiate a level of social responsibility.