The Invitation’s Possible Outcome Since Joe has put himself in a conflict of interest, he has to be very careful about this invitation. A conflict of interest is when an individual has a clashing personal and/or business interest in the outcome of a situation (Editorial Board, 2015). One thing he has to consider is what the possible outcomes are if he accepts the offer. Another thing he has to consider is what the possible outcomes are if he declines the offer. Joe has to also consider how ethical it will look to both the stakeholders and those not involved if he either accept or decline Bill’s invitation.
A stakeholder is anyone whether involved or not involved that is interested in an outcome to a situation (Editorial Board, 2015).
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If Joe accepts the offer then there is a chance that he will be able to renew the contract, but at the same time it can be looked as an unethical decision and could affect Joe’s future with UWEAR. Another potential outcome if Joe accepts the invitation is that he would not be able to make the deal and that his friendship with Bill will deteriorate. If Joe declines the invitation then Bill might understand Joe’s situation and later on Joe may be able to seal the contract. Another possible outcome if Joe declines the invitation is his friendship with Bill might deteriorate and also lose the contract. In any care Joe has to be careful on his decision because when there is a conflict of interest, there could be consequences such as the loss of trust with both individual involved and those not involved (Cohen, …show more content…
He should also say that he hopes that this does not affect their relationship and he hopes that UWEAR and the Peninsula Hotel chain will be to continue working together in the upcoming year. The ethical theory that supports how Joe should respond to this invitation is the virtue theory. The virtue theory is when an individual tries to be the kind of person that they should be (Ethics, 2001). Joe should use the virtue theory because in the situation his management team would probably know about Joe and Bill’s friendship and expects Joe to make an ethical decision. Also Joe realizes that not only his future with UWEAR but also his friendship with Bill is affected by the contract. Declining the invitation until a decision can be made about the contract will show that Joe has the courage and wisdom to make this
Cruickshank, Garth & Romano is a new real estate appraisal and consulting firm. Richard Romano, a principle of the firm, had just completed a preliminary evaluation of a property for a new client, Watson & Musico. However, his client refuses to accept the appraisal and requested the value be increased by $4.5 million or else they would take their business elsewhere. Richard's decision on his client's estimate could have great impact on Cruickshank, Garth & Romano's success and its ability to develop new clients. The new firm could ill-afford to pass up on doing Watson & Musico's business but Richard also wanted to complete the appraisal according to his best estimate of the current market value of the property. This paper will analyze the ethical issues and alternatives for this case.
Peter Paralegal is employed by Honest Law Firm and has been instructed by his supervising attorney to prepare and conduct initial interviews with two potential clients to see if a conflict of interest is present. Big Box and Value Mart are competitors and are requesting representation by Honest Law Firm on matters that are unrelated to one another. Peter Paralegal was also asked to perform tasks related to the cases such as; prepare questions and conduct initial interviews, explain legal fees arrangements, establish the attorney-client relations, draft initial pleadings and responses, interview witnesses, draft and sign initial case evaluation letters.
He might become the bad guy in the eyes of the community because he would be the leader of the project that affects their homes. Let’s say Luke doesn’t tell Owen and Owen accepts the offer, Luke wouldn’t just affect himself, Owen, or ABC Company, but also the buyer of Owen’s home. Luke would affect the potential buyer by selling him a property that he knows wouldn’t be worth much in the future. It can be considered an unethical manner to sell someone a product that you know will diminish in value in the
... is going on. Slowly come to a compromise with the sponsor, be nice and cooperative, and be prepared to compete for a fair settlement. (1, 4)
Since the beginning of time, man has waged war on his neighbors, his friends and his enemies. In many cases these wars were caused by power-hungry nations that were in the process of expanding their empire and ended up stepping on the toes of another superpower or ally of a superpower. In the case of the first Punic War between Rome and Carthage, Carthage was extending its empire and they stepped on Rome’s toes. During the course of this war the winner was unclear but at times victory seemed eminent for both sides until Rome finally won. The Romans had control in the first part of the war but this would not last. After the Romans first win they decided that they needed a victory over the city of Carthage but this would turn the tides in favor of the Carthaginians. For some 15 years after this defeat of Rome the tides went back and forth between the two but would eventually lead to the Romans victory. After the victory, Rome made some very harsh demands and Carthage filled those demands even though some of them were very extreme.
Within my organization there are many different stakeholders. It is crucial to first understand what a stakeholder means. A stakeholder is a person who has something to gain or lose through the outcome of planning process. Within healthcare there are three types of stakeholders, those who receive health care, those who give health care, and those who manage the financial aspects of health care. Health care organizations do not face just one or a few stakeholders they hold many. Healthcare executives must learn to manage a portfolio of stakeholder relationships.
The two generals met before the battle to talk over peace agreements, but neither side settled for peace. The battle that took place is called the Battle of Zama. The Roman army was set up in columns with weak forces in between them. They also had cavalry on the sides. Hannibal’s army had three rows of soldiers. The mercenaries in front, the new recruits in the middle, and the experienced soldiers in the back. They also had war elephants leading them and cavalry on the sides. At the beginning of the battle, the elephants began their charge, but the left half made and unwanted U-turn and crashed into Hannibal’s left cavalry. Scipio took advantage of the situation and quickly sent his cavalry to destroy Hannibal’s cavalry during the chaos. The Carthaginian cavalry retreated with Rome’s cavalry in hot pursuit. The other elephants went between the columns of Roman forces and were quickly eliminated. For the rest of the battle the Romans slowly pushed back Hannibal’s mercenaries and recruits until they came face to face with the experienced soldiers. They did not give an inch of ground to the weary Romans. The battle stayed like this until out of nowhere the Roman cavalry, done with their pursuit, attacked the Carthaginians from behind. This unexpected move quickly won Scipio the battle. Hannibal retreated to Carthage and requested that the government ask for peace terms. Rome had finally won the long and bloody
The War with Veii played a significant role in the expansion of the Roman Empire. The war, which ended in 410 B.C., set in motion an entirely different Roman army. No longer was the army a volunteer militia, instead it became a paying and contractual organization. The “Roman victory brought an end to Rome’s most threatening neighbor and began its rise to prominence in the central Italian peninsula” (www.warandgameinfo.com).
The causes of the Peloponnesian War proved to be too great between the tension-filled stubborn Greek city-states of Athens and Sparta. As Thucydides says in Karl Walling’s article, “Never had so many human beings been exiled, or so much human blood been shed” (4). The three phases of the war, which again, are the Archidamian war, the Sicilian Expedition and the Decelean war, show the events that followed the causes of the war, while also showing the forthcoming detrimental effects that eventually consumed both Athens and eventually Sparta effectively reshaping Greece.
When managed correctly functional conflict helps managers anticipate and solve problems, feel confident and strengthen relationships. Dysfunctional conflict is a confrontation or interaction between groups that harms the organization or the achievement of organizational goals (Kumar, 2009). Cunningham is faced with a functional conflict. The conflict created by the merger that Cunningham is faced with can create positive consequences for both Synergon, and Beauchamp. Cunningham must solve the problems between the two companies and make it acceptable to all parties involved. Under functional conflict Cunningham can test the merits of arguments, assumptions and the value the ideas between the two companies. When Cunningham meets with Julian Mansfield, he is going to have to present high quality decision results while expressing their opposing views and perspectives on how they are going to create a constructive integration and keep the merger operational using functional
In the first major paper on stakeholder theory, Edward Freeman and David Reed state that a stakeholder is "Any identifiable group or individual on which the organization is dependent for its continued survival." (Freeman and Reed 89) Given that these groups' input are all vital part of an organization's success, creating solutions that benefit all stakeholders is important for long term success. Solutions that conflict with the interest of one of the stakeholders, could result in that stakeholder withdrawing the support that the organization needs to survive. When leaders of an organizations are servants first, when they "make sure that other people’s highest priority needs are being served" (Greenleaf , “The Servant as leader” 3), then the organization's stakeholders will be invested in the organization's continued success and as a result will be more likely to lend it their support.
For this case, I had role of VP Customer Relations. I negotiated against other VP’s to improve Snapple’s market share and brand image. The main goal of the group was to resolve the issues for Quaker Oats after its association with Snapple. I believed that this can be best accomplished by introducing a sports drinks and not focusing on expanding the variety of flavors in fruit drinks. My views regarding this interest were determined by fact that it will exalt the prestige of my department, thus fulfilling my interest too. However, I felt that these views were in direct contrast with other VP’s, especially with VP’s of Marketing and Finance.
First visitor want 3 year contract for annual purchase of 4 lakh sets of lacquer. But brand name will be of that company. Second visitor have an offer of promotion and representation of his brand in US market for 5 year but Nakamura will not get profit in this duration.
I have recently been approached by Luke, an employee of ABC, for advice on how to approach a scenario related to Owen, Luke’s brother, who happens to live on the corner of the neighborhood near the developed land on which ABC plans to build an adult entertainment retail store. Luke knows that when the plans for the store are made public, the property value of the surrounding area would significantly decrease. Luke also knows that this would hurt Owen, who had recently received an offer for his house at an “okay” price, given the state of the current housing market. Luke feels conflicted between his obligations of confidentiality and loyalty towards the company and the loyalty and familial concern he has for his brother’s well-being and