Business and Ethics
The business ethics checklist
Organizational Decisions-Making on Substandard Products
Unaccountable products from companies or manufacturers are often regarded dangerous, unsafe and substandard, both by the target consumers and government. Unfortunately, toy products stand among the most affected group of items within the field of production. Sub-standard products are those that do not meet the legal and safety standards and/or qualities set by the pertinent authorities. Such products may result due to failure in quality control during the production process, or failure in legal handling pursuit. According to Cockburn (2005), these are genuine items produced by legitimate manufacturers; however, they do not satisfy the quality disclaimers that the producer defines. It may not be intent of the company to cheat, but may be as a result of problems during the manufacturing process. Thecase of metal whistle herein is thereby regarded to fall under the category of sub-standard products, which could be hazardous to the target consumers- children (Shapiro, 1988). As the elementary division manager of this toy company, I hereby submit this report, presenting the possible alternatives to deal with or address the problem in question- production of substandard toy products "metal whistles," which could be dangerous or unsafe to children's consumption.
It is important for the company executives to identify the issues of concern and adopt the procedures and guidelines, which will be essential during the process of production or manufacturing (Shapiro, 1988). The company should adopt an ethical code of practice that stresses the significance of having a recognized disciplinary procedure for all the employees, including both the company executives together with those involved in the process of manufacturing (Herbert, 1999). Failure to adhere to the procedural policies (fair procedure) should be punishable by a fair dismissal, even if the employee holds a qualifying length of service for legal protection. Alternatively, if an employee unceasingly fails a set of performance required of her or him, a meeting should be held, in which the employee in question should receive a transcribed notice containing the details of the matter of concern. During the meeting, it is necessary to notify the employee about the consequences of failure to comply, including the further necessary disciplinary actions. Nevertheless, any affected employee should not be coerced to accept low payments or compromised status without his/her consent since that may be the most possible disadvantage of this strategy to employees.
As an alternative, the company should form a working group that includes management representatives, communications professionals, as well as internal and external counselors (Cockburn, 2005). Here, coordination among the regulatory teams, public statements, advertisements, quality assurance team, and the team involved in protocols for addressing the consumer inquiries should be essential to the company management. This strategy will keep the company on toes through developing an ethical communication plan, which consequently helps in building a constructive relationship between the company and its target market. It would be useful in creating a positive image of the company among the public, regarding the quality of the company's products. The issues of concern that will typically keep the production team on their toes involve regular response to congressional quality investigations, handling the media investigations, and response to the state attorney investigations via multi-coordinated departmental efforts. The above alternatives to the metal whistle production problem may involve little or no cost hence having no financial constraint on the toy company.
Alternatively, the company should adopt the general testing requirements to be performed in the process of production before the products shipment. One of the testing requirements would be the "use-and-abuse test" whose objective is to describe the particular testing methods conducted before the dispatch of toys, as well as other items intended for children as the end users. Such tests include "impact tests," which is done...
It is important that I am honest to anyone who I choose to be my mentor. Communication must be frank and honest, as learning is the key to research. Requirements for IRB Approval Institutional Review Boards (IRB) are the governing bodies that determine what research may be conducted at the university. This is the approving authority for future knowledge and must be treated with honor and respect. As a student under
Business Report As happened with many service businesses during a recession, Jazz Event Productions experienced a drop in revenues in 2010. For a company that has grown steadily throughout its 15-year history, it was an unwelcome first. The decrease in sales occurred primarily because companies faced with tough economic choices because of the recession either cut back or eliminated entirely their budgets for special events. Whereas many of our loyal customers
However, there were too many issues with the company and with one of Andersen's lawyers -- Nancy Temple -- to say that the company was not aware of what was taking place. Accountants are trained to handle facts and figures, and they know when something is incorrect. In the Arthur Andersen/Enron case it was believed that Temple and others knew that the figures were wrong but wanted to show the
Inventory Management Strategy. In his book, Streetwise Project Management, Dobson (2003) advocates the use of a just-in-time inventory management strategy to keep inventories low and manufacturing process more productive. This approach, though, will require close coordination with a Brazilian supplier, warehousing operations, planners and forecasters, and transportation directors throughout the inventory management process. In this regard, Epps (1995) advises, that such an approach requires the efficient transportation of materials from
Ethics and Regulatory Issues Related party transactions reported on by Arthur Andersen & Co. Flaw in the accounting firm's logic Checklist for special projects performed by external auditors Checklist Proposed rules or laws to prevent similar occurrences Enron was one of the Wall Street's favorite blue chip stocks before an accounting scandal of the firm surfaced in 2000. The revelation that company has been misreporting its profits and losses during 1990s crashed the company's stock. The
Business Ethics 9224 The Waiter Rule: What Makes for a Good CEO? Is character an essential ingredient in ethical leadership? Is it especially important in managers? In leadership, especially among CEOs, is character important? Character: An essential Ingredient in Ethical Leadership: Character is an essential component in an employee's personality. It shows integrity, honesty, and loyalty of that employee with the organization. When it comes to top leadership, the need to have a sound
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now