3/26/2020 0 Comments
Business Ethics - Case Study Example Mike, who is the loss prevention and security manager and has been working in the retail store for more than ten years, has noticed that a diamond studded watch is missing. Mike has ruled out external theft, after studying the videotapes by the closed-circuit TV on that fateful day. The relevant facts in this particular case are: The decision to fire Todd just because he failed a lie detector is not enough grounds to dismiss him, unless if there is new and substantial evidence, implicating Todd, that could be helpful in dismissing Todd. The primary stakeholders in this case are; Susan the human resources manager, Mike-the loss prevention/ security manager and Todd the salesperson. The possible alternatives in this case include forgetting the whole issue about firing Todd and retaining him and his duties just like before. The other alternative could be having a candid discussion with Todd and making him confess out of his own volition. If this happens, the human resources could then take the necessary measures that are suitable in dismissing Todd in a decent procedural manner that will not bring any legal proceedings against the retail store. The ethics of the alternative is that everything will be carried out in the right legal way instead of using information that can be challenged in a court of law. The other employees will thus feel they are not being victimized and that their employer is in sync with their situation. It will also help save the retail store face and make the employees more confident in their jobs and the retail shop in general. The practical constraint to this whole scenario is the issue of bringing Todd to confess to having stolen the watch. This could be really hard, since as any other employee, Todd wants to retain his job. The issue of also proving that Mark stole the watch is quite hard, being the fact that there are no witnesses ready to testify against Todd. The closed circuit camera footages are also not able to show
1/14/2020 0 Comments
Corporate strategy - Assignment Example The constant need to venture into new markets and the pressure to judiciously utilize resources drives businesses to shape their corporate strategies and business objectives accordingly. The marketplace drives corporate decision making with regard to mergers, acquisitions, spinoffs, reorganizations and closures. There could be a number of different factors that prompt businesses to enter into new markets and locations, expand operations and enter into new business relationships. These factors include fast paced changes in tools and technologies, shift in consumer behavior or encountering uncontrollable factors, such as natural calamities and wars. In this era of globalization, mergers and acquisitions is one of the widely used modes of business growth and expansion for several companies. A significant reason for this is that the similarity in competencies among companies competing in the same marketplace promotes the betterment of financial performance, enhance competitive advantage, take advantage of innovative business opportunities and make an entry into newer markets and locations. However, mergers and acquisitions do not assure the organization of growth, development and success. The fact remains that a merger or acquisition can yield positive results for the acquiring company only if it is able to successfully manage the acquired business and transform it to ensure that it is line with the long-term organizational objectives (Haspeslagh and Jemison, 1991). A key element in the merger/acquisition process is the selection of the correct business that will be acquired. This process of selection is critical to the success of the acquisition, and requires deliberation, discussion and effective decision making. The main reason why organizations enter into new partnerships is to take maximum advantage of opportunities, such as entry into new markets and geographical locations, better access to cutting
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