how would you define ethics?
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- Activity 2 Ten years from now you already have your own business and in that span of time you've encountered different ethical issues that can hinder the progress of your company. So as an entrepreneur, mention two different unethical issues you have encountered and what are the detailed business policies and practices you made to address it?Q.1: Below given is a case study. Read it with full understanding and answer the questions given at the end. CASE STUDY In December 1986, Mr. Bhatti, Manager of NCR Corporation, Karachi was facing the following decisions. In order to gain a greater share of the personal computer market, Mr. Bhatti wondered whether he should use TV advertising, which was highly expensive, but totally ignored by his competitors in Pakistan. Company Background NCR Corporation, head office, Dayton Ohio, USA, was a multinational computer manufacturing company. Products include mainframe, mini computers, ATM and Personal Computers. The company had more than 1,200 branches in 120 countries of the world. Three branches were in Pakistan: Islamabad, Lahore, and Karachi. Personal Computers (PCs) were introduced by the company in 1985. The market for PCs was much wider than that for Mainframe and Mini computers. NCR was the second largest computer selling company in Pakistan. Mr. Bhatti was looking forward to…Global Human Resource Management MMC Cortana Operation It had been a bad morning for Jonathan Reid, the general manager of MMC’s Cortana joint venture. He had just gotten off the telephone with his boss in New York, Phillip Smith, who was demanding to know why the joint venture’s return on investment was still in the low single digits four years after Jonathan had taken over the top post in MMC Cortana’s operations. “We had expected a much better performance by now” Smith said, “particularly given your record of achievement; you need to fix this Jonathan, our patience is not infinite. You know the corporate goal is for a twenty per cent (20%) return on investment for operating units, and your unit is not even close to that”. Jonathan felt his boss had just issued a subtle threat, and for the first time in his 20-year career, felt that his job was on the line. MMC is an American multinational electronics enterprise with operations in ten (10) countries and has annual sales of two…
- Global Human Resource Management MMC Cortana Operation It had been a bad morning for Jonathan Reid, the general manager of MMC’s Cortana joint venture. He had just gotten off the telephone with his boss in New York, Phillip Smith, who was demanding to know why the joint venture’s return on investment was still in the low single digits four years after Jonathan had taken over the top post in MMC Cortana’s operations. “We had expected a much better performance by now” Smith said, “particularly given your record of achievement; you need to fix this Jonathan, our patience is not infinite. You know the corporate goal is for a twenty per cent (20%) return on investment for operating units, and your unit is not even close to that”. Jonathan felt his boss had just issued a subtle threat, and for the first time in his 20-year career, felt that his job was on the line. MMC is an American multinational electronics enterprise with operations in ten (10) countries and has annual sales of two…Global Human Resource Management MMC Cortana Operation It had been a bad morning for Jonathan Reid, the general manager of MMC’s Cortana joint venture. He had just gotten off the telephone with his boss in New York, Phillip Smith, who was demanding to know why the joint venture’s return on investment was still in the low single digits four years after Jonathan had taken over the top post in MMC Cortana’s operations. “We had expected a much better performance by now” Smith said, “particularly given your record of achievement; you need to fix this Jonathan, our patience is not infinite. You know the corporate goal is for a twenty per cent (20%) return on investment for operating units, and your unit is not even close to that”. Jonathan felt his boss had just issued a subtle threat, and for the first time in his 20-year career, felt that his job was on the line. MMC is an American multinational electronics enterprise with operations in ten (10) countries and has annual sales of two…QUESTION 2 Define ethics and explain why there are disagreements and dilemmas about what a proper ethical behaviour really is. Why is right or wrong behaviour has not clearly been identified in an organisation? Rationalise your answers in detail, with organisational examples.
- AN ETHICAL DILEMMA* As Lavonda sat in the Ethics Office of the vice president of Emma-Action Pharmaceuticals (EAP), she was worried. Because she was new in the company and didn't know the unwritten rules, the chain-of-command philosophy, and the employees and associates around her very well, her time in the office was very uncomfortable. Given how well things had started, it was painful for her to remember how she had gotten here. Lavonda had been lured away from her last company because of her expertise in the pharmaceutical industry and her early success in management. Out of college just three and a half years, she had gotten out of the gate remarkably quickly. She had helpful mentors, challenging tasks that she excelled in, and came in below budget on each assignment. Lavonda was typically described as effective and efficient; in fact, at the last company, they even started to call her "E" But the lure of a six-figure salary, the encounter with Allen (her future boss at EAP), and…provide an ethical dilemma that a co-worker or supervisor has handled, and what did they do correct, and what could they have done better?What methods are used?