Study Guide
1. What are the potential ethical issues faced by Acme Corporation?
An ethical issue that the Acme Corporation could potentially face is corporate social responsibility. Frank as well as his manager failed to provide corporate social responsibility when they agreed to “take care of the needs” of Otis, the buyer for Thermocare that expressed interest in attending an “adult entertainment” club. It is an Acme Corporation’s obligation to maximize the positive impact on Thermocare to include its employees. Additionally, Acme management must consider the negative impact if they are associated with financially providing approval for unmoral behavior. In the world business, business ethics comprises principles and standards that guide behavior in business. Acme is also facing the issue of employees not sharing a common vision of trust. Trusting relationships between upper management and managers as well as their subordinates contribute to greater decision making efficiencies. Playing a blind eye to employees that are achieving goals that no one else has ever done is a clue to Acme to take a closer look at the situation instead of just rewarding an employee.
2. What should Acme do if there is a desire to make ethics a part of its core organizational values?
In order for Acme to develop more ethical corporate cultures, they must communicate core values to their employees. This can be accomplished by creating ethics programs. Not only is creating the programs important, it is imperative to have ethics offers to oversee them. The ethical components that Acme need to focus on relate to the values, beliefs, and established and enforced patterns of conduct that their employees can use to identify and respond to ethical issues. This in turn will create an ethical culture that will outline a decision making process that Acme employees uses to determine whether the decisions they make to ethical issues are wrong or right. Acme must develop corporate values, enforce
An ethical issue that the Acme Corporation could potentially face is corporate social responsibility. Frank as well as his manager failed to provide corporate social responsibility when they agreed to “take care of the needs” of Otis, the buyer for Thermocare that expressed interest in attending an “adult entertainment” club. It is an Acme Corporation’s obligation to maximize the positive impact on Thermocare to include its employees. Additionally, Acme management must consider the negative impact if they are associated with financially providing approval for unmoral behavior. In the world business, business ethics comprises principles and standards that guide behavior in business. Acme is also facing the issue of employees not sharing a common vision of trust. Trusting relationships between upper management and managers as well as their subordinates contribute to greater decision making efficiencies. Playing a blind eye to employees that are achieving goals that no one else has ever done is a clue to Acme to take a closer look at the situation instead of just rewarding an employee.
2. What should Acme do if there is a desire to make ethics a part of its core organizational values?
In order for Acme to develop more ethical corporate cultures, they must communicate core values to their employees. This can be accomplished by creating ethics programs. Not only is creating the programs important, it is imperative to have ethics offers to oversee them. The ethical components that Acme need to focus on relate to the values, beliefs, and established and enforced patterns of conduct that their employees can use to identify and respond to ethical issues. This in turn will create an ethical culture that will outline a decision making process that Acme employees uses to determine whether the decisions they make to ethical issues are wrong or right. Acme must develop corporate values, enforce