Preview

Case Study on the Topic of Business Ethics

Good Essays
Open Document
Open Document
731 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study on the Topic of Business Ethics
Case study on the topic of Business Ethics:
Key employee
(Based on real facts, names of people and name of the company are changed)

“Mirax” is a well-known constructional company in Vilnius, Lithuania. The firm is made up of 100 unskilled workmen, 12 first line supervisors and 6 higher level managers, stuff of 20 office personnel and the president Evaldas Vanagas, who established “Mirax” company 7 years ago.

Juozas Marcinkenas came to the company 5 years ago, when he was the third year student in the Vilnius Gediminas Technical University. It was a summer job during holidays, but he very quickly comprehended the specific of work and started to give very precious advices to his supervisor. After he had finished studies he was promoted and became the first line supervisor. At the moment he is a higher level manager and supervises the designing department.

But now he would like to start his own business in this area and all his free time in last 3 months he spent doing spreadsheets, developing customer lists, and otherwise mapping out the new venture. The director of Mirax, Evaldas Vanagas, still knows nothing about his plans. But Jonas is going to reveal them when he will feel that the moment is suitable for that. In mean time he continues to put in a hard day’s work.

One of the most important things in every venture is personnel. People are the key to success. Working as senior manager Jonas understands that very well. And to find qualified specialists with perfect personal skill is not so easy. That’s why the most time of the projecting new venture took creating a good team. Jonas had to negotiate with many people to attract them to join his business. The last position left is a designer. He decided to offer this job to his colleague from designing department Romas Minkus. Romas is one of the best designers Jonas has ever met. Romas’ head is always full with great ideas and in the same time he orientates perfectly how to implement them, as well

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Todd Lubar Research Paper

    • 297 Words
    • 2 Pages

    His major experience in several industries helped him understand how to make business work and how to outclass in almost any environment. At the meantime he entered yet another industry which is focused on helping people in need. He is currently the President of TDL Ventures.…

    • 297 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Better Business Bureau (BBB) is a trade association, which creates regulatory requirements for those who participate in membership (O’Brien, 2012). Ultimately, their primary goal is to ensure organizations are accountable and are acting in a socially responsible way. Thus, they inform consumers of any violations and recognize businesses who perform well. Historically, they have been performing these services since in 1912 as the National Vigilance Committee, but later changed their name to the BBB in 1921 (Ferrell, Fraedrich, & Ferrell, 2011).…

    • 597 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The key parties of this situation would be Stewart and myself. Even though I think telling Stewart about Waksal is unethical, following Baconivic’s orders and telling her would put her at an advantage because she would be able to sell her ImClone stocks before the rest of the shareholders could. Even though she could use the Waksal information for her advantage, she would be putting herself in jeopardy with the law. Following Baconivic’s orders would also make me look better in front of him and he could possibly help me get a higher positioned job in the future. For myself, if I know telling Stewart is unethical and I still do it, I am going against my own moral values. By doing so, I am complying with Albert Carr’s way of thinking about business and personal ethics being separate. I would be complying with Carr’s thinking because I would be following Baconivic’s orders even though it goes against my own values. If I don’t listen to Baconivic, I could risk losing my job at the company. By doing so, it could put a halt in my career.…

    • 607 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Business Ethics Case

    • 495 Words
    • 2 Pages

    Within this case little three year old Joshua was mailed an offer by times magazine. Within the see through window of the envelope there was an offer stating that if the recipient only opened that letter that they would receive a free calculator watch. After his mother opened the envelope and read further it seemed that not only opening the envelope but purchasing the magazine was required to claim this prize. The first question that this case asks is did Time act ethically in this case. My answer to this is no, the displayed false advertisement by stating all that the recipient needed to do was simply open the envelope to receive their “gift”. They were giving false information as not only did you have to open the document but you needed to subscribe to their magazine in order to receive the calculator watch. The next question that was asked was what a frivolous lawsuit is. A frivolous lawsuit is when a case is brought to court and it is lacking substance and not worth serious consideration. Was Joshua’s lawsuit a frivolous lawsuit? In my opinion no it was not as Time Inc. needed to be shown that false advertisement is not going to be tolerated. Lastly the final question in this ethical case study is was the claimed damages of $15 million excessive? I believe that this was not excessive as when you are dealing with a well known profitable company the only way you can get through to them is by hitting them where it hurts and that is at the bank. By being awarded that settlement I am sure that Time Inc would not only try to appeal the decision but it would make the company remember for future reference that giving false advertisement can cost them a ton of money.…

    • 495 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Describe the social implications of business ethics facing a selected business in its different areas of activity. ( Pass 3)…

    • 988 Words
    • 4 Pages
    Good Essays
  • Good Essays

    --What is the effect of societal norms on business ethics? How does a business make ethical decisions if…

    • 576 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    adazza sdadasd

    • 533 Words
    • 3 Pages

    Taracera is manufacture factory where it fabricates and assembles outdoor furniture. Jorge Gonzalez as the owner, he purchased Taracare in 2001. Jorge had ambition for Taracare was to expand it form a small regional manufacturer to one that sold to major national retailers. He had some problem and need new manufacturing manager. He hired Alfredo as new manufacturing manager.…

    • 533 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    It was not ethical for the National Enquirer to try to avoid suit in California because this is Shirley Jones place of residence, where she lives and works, and where the paper caused damages for defamation, invasion of privacy, and intentional infliction of emotional distress.…

    • 261 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    “An organisation …has a personality, which we call its culture. And that culture influences the way employees act and interact with others.” Robbins, S.P. et al Management (2012) 6th Edition, Pearson Australia…

    • 287 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Case : Business Ethics

    • 301 Words
    • 1 Page

    It was late afternoon on February 8, 1997. Scott Clifford, VP of the Control Systems Division of ProTech, Inc., had returned to his office. His desk was a sea of telephone messages. Several were from Exxon's chemical plant in Beaumont, Texas. ProTech had submitted a bid to provide a highly sophisticated, computer-based process control system for the Beaumont plant. The competition was in its late stages and Exxon was nervous about ProTech's commitment to its control system business. Clifford threw himself into his chair and began thinking about what to tell Exxon. A knock at the door interrupted his thoughts. It was Joanne Lembert, the plant manager for ProTech's control systems plant. Clifford sank further into his chair.…

    • 301 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Business Ethics

    • 1334 Words
    • 6 Pages

    Question 1: What is the moral point of view and why is it important? Does it make sense to say that business people must operate from the perspective of the moral point of view? Why, or why not?…

    • 1334 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Renee Albertelli and Richard Rodriguez had certain things about their personality characteristics that helped them navigate the struggles of starting any kind of business. One of these characteristics they demonstrated is something every owner needs in order to run any type of business, which is having passion, enthusiasm, and determination, with these characteristics are needed to launch their new business. The excessive interest and energy they had to start this business never failed them; it was the most essential fuel for their vision on how they want to fully build their business. Albertelli’s characteristics portrayed how unselfish she is because of her current job, it allowed her to travel to different parts of the world and opened her eyes and made her aware and realize how many people from these different parts of the world earned their money. Also, both Albertelli and Rodriguez were both risk takers, they enjoyed seeing the options that potentially fail, but keep it at something positive, aside from being risky, they were committed because they both cashed in their retirement plans in order to fund the production of the products they want to sell.…

    • 637 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Cozmostar

    • 558 Words
    • 3 Pages

    ….. (name the person dealing with business development and marketing) is the person with business acumen and striving to soar new heights for Cozmostar. He holds … years of experience and has worked with …… (name companies) after completing his …(education) from ….…

    • 558 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The business ethics field of study has evolved through five distinct stages. These stages are before 1960, the 1960s, the 1970s, the 1980s, and the 1990s. It also continues to evolve in the twenty-first century. With each stage come new changes. In the last 30 years the ethics field of study, starting from the 1980s, has shown multiple changes. In 1980 business ethics was acknowledged as a field of study. A group of institutions with diverse interests promoted its study causing business ethics organizations to grow and include thousands of members. The 1980s also brought forth the development of the Defense Industry Initiative (DII) on Business Ethics and Conduct. This Defense Industry Initiative includes six principles. These six principles are as follows:…

    • 569 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Business Ethics

    • 3646 Words
    • 15 Pages

    Without question "business ethics" is one of the hot topics of the day. Over the past months we have seen business after business charged with improper practices that violate commonly accepted ethical norms. This has led to a loss of confidence in corporate management, and has had severe economic consequences. Business ethics serves the important social function of integrating business and society, by promoting the legitimacy of business operations, through critical reflection. The social function of business ethics is implicit in leading business ethics foundation theories. Significant legal and ethical concepts are applied to establish the social integrative function of business ethics and to provide strong theoretical arguments against often heard criticisms of business ethics. Many of these criticisms are ideological in nature, in that they systematically play down the importance of integrative functions in the business society relationship, on the grounds of unrealistic assumption about the performance of economic and bureaucratic institutions. However, business ethics itself can also become ideological, if it forgets that the conditions for the application of ethics to business are not always ideal as well. This paper sets out to explore the potentials of a functional approach to business ethics and its relation to law.…

    • 3646 Words
    • 15 Pages
    Powerful Essays

Related Topics