Ethical Dilemmas Case Studies
Added on 2021-05-25
11 Pages3228 Words130 Views
Leadership Management
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Ethical Dilemmas in Three Case Studies 1ETHICAL DILEMMAS IN THREE CASE STUDIES By (Name)Professor’s NameCourseDate
Ethical Dilemmas in Three Case Studies 2Introduction “Corporate Governance” (CG) refers to a formal structure of accountability and ethical management, which influences how the business makes decisions and utilizes its resources. Typically, this involves how transparent, responsive, adequate, and law binding a firm is. Importantly, good CG is primary to a growing reputation and profits, as it determines the connection between stakeholders, who determine and manage the performance and strategic position of a company. Thus, CG makes sure that long-term tactical goals and plans are developed, and that the proper management system is placed. As a consequence, firms that have good leadership, in terms of outcomes and practices, can forecast the backing of investors and clients. On the other hand, corporate ethics consists of the standards and principles that guide behavior in conducting business. Due to this fact, an enterprise must balance their need to maximize profits against the needs of their stakeholders. Notably, maintaining this balance necessitates tradeoffs. Hence, business morals involve the application of general moral principlesto corporate dilemmas, and encompasses a wider range of concerns. Generally, the purpose of enterprise ethics is to provide people with the necessary tools needed to tackle moral complexity in corporations. As such, corporate decisions have moral components, which must be weighed prior to implementation.Ethical Corporate DilemmasUsually, any aspect of a business can become a potential ground for moral dilemmas suchas connections with coworkers, customers, management, and corporate partners. The inability of managers to dictate the optimal resolution for these dilemmas in a professional setting may lead to severe repercussions for the corporation. Therefore, to resolve moral issues, firms must create
Ethical Dilemmas in Three Case Studies 3strict moral standards for their workers. Also, every organization must show its concern about the principled norms within it, and they must offer moral training for their workers. Overview of Each Case StudyCase 1: Dealing with Worker Performance Problems Ethical Topic: Worker Rights at a Workplace A junior staff member has just come back to work after taking special leave to cater for her elderly mum. Due to monetary reasons, she must work full-time. However, she has been facing challenges with her mum’s home care engagements, leading her to miss numerous team meetings that are usually held at the start of each day. In addition, she has been leaving work early to care for the latter. Contrary, she is competent in her job, although her absences are stressing her, and her overworked coworkers (Consultative Committee of Accountancy Bodies, 2011, p.6). Alternatively, the manager is aware that the workflow through the practice is under pressure, as one of her male coworkers has begun making comments like “a woman’s place is in the house.” As such, he is looking down at her at every chance, which puts her under even more pressure. Questions and Answer about the CaseWhat does the manager need to consider before they act?The manager may consider the company’s policies, guidelines, and procedures for best practices. Additionally, he may consider whether it is up to him to resolve such a staff situation, or if the company has a department in charge of personnel concerns. Conversely, the latter may consider the main affected parties, like himself, the junior staff member, and her coworkers.
Ethical Dilemmas in Three Case Studies 4Importantly, other affected parties may be in the personnel unit. Moreover, he may consider who must be involved in the resolution. What are the possible courses of action?The manager may need to check the relevant facts, and clarify staff processes with the personnel unit. After this, he may discuss the matter with the junior staff member, and provide her with possible resolutions such as making a more flexible approach to group gatherings. Also,working from home may be an available option for her. Nevertheless, the manager may deal with other staff members who need to be reminded about proper corporate conduct, and how such behavior may be termed as harassment, which is a breach of code of conduct. Importantly, the ability of the manager to consider issues and try to identify the most suitable solution enableshim to behave professionally, as he attempts to resolve challenges the junior staff member encounters. Case 2: Financial InterestEthical Topic: Conduct of Proper Audit Planning Ozil is a partner in a three-partner company of accountants. The firm generates fees of about 1.4 million pounds annually. Within the portfolio of customers is Firm A, which has been thriving since it came to Ozil’s firm five years ago. Currently, it has a yearly turnover of over 15 million pounds. In addition, Firm A generates yearly recurring fees for its operations amount to 50,000 pounds, whereby 35,000 pounds is incurred during audit work (Consultative Committee of Accountancy Bodies, 2011, p.17). Besides, 15,000 pounds is incurred due to regular tax preparation and calculation of the “corporation return tax.” Ozil’s firm has a distinct tax department that handles tax compliance duties in respect of Firm A.
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