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.
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.
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.
The conflict started when Hannibal, the commander of the Carthaginian forces, laid siege on a Roman ally, the city of Saguntum. This took place in the year of 218 BCE and was the start of what we now call the Second Punic War. The war lasted for another 16 years and ended at the Battle of Zama. Scipio
The first Punic War was started when soldiers from the city of Syracuse decided to get involved in a dispute on the island of Sicily which was then controlled by Carthage. Syracuse attacked the city of Messina, before the attack the two cities had no problem with each other and they supported each other. Rome built its fle...
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
... 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)
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
The potential repercussion that he could face from taking either Job A or B is that the ventures could become unprofitable and Armstrong may continue to invest futile capital in an attempt to rectify it. Job C may also become filled by another person. With Jobs A and B, he is trading off the potentially enormous profit for the possibility of losing all his capital. In his perspective, Job C would provide him with job security at the exchange of amusement. The uncertainties he is facing with Job A and B are their profitability and whether he would be to create prosperous connections. Due to the fact that he would be willing to invest $300K, it can be said that Armstrong is risk-loving, but his wife’s comments suggest she is risk-averse. It could be possible that in the future by choosing Job A or B, he would lose all his capital and make it difficult to invest in other
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
Stakeholders’ analysis is the analysis which tells that how the company is dealing with the people which are directly or indirectly related with the company’s operations. These are called stakeholder and they include the employee, society, suppliers, buyers, shareholders, got and other tax related companies.
Mr. Nakamura has to make a decision whether he should go with first offer or second offer. STATEMENT OF OPTIONS: Mr Nakamura has three options; (1) He should sign a deal with company A (2) He should sign a deal with company B (3) He should continue his business and expand in that market without sign a deal. CRITERIA FOR EVALUATION: 1) Brand value 2) Risk associated with deal. 3) Time duration of the contract.
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
Stakeholders refer to individuals or groups of people that have an interest in a business. Management argues that as long as there is wealth for shareholders, then anything is done in a responsible manner and things should be done to promote the interest of other stakeholders.