An ECG partner has not been diligent in fulfilling contractual obligations for a

Question

An ECG partner has not been diligent in fulfilling contractual obligations for a business strategy engagement, which requires timely response because the final presentation to the client will occur in a matter of weeks. The partner did not encourage the consulting team to conduct some very critical market research and analysis of a new business opportunity for a long-standing client. Instead, data was used from a similar study done 3 years ago while the partner was employed by another consulting firm. This data, which overstates the current market opportunity, was shared with the client during an interim presentation along with a recommendation to consider a strategic move into the business market. The presentation could influence the client’s decision to invest significant resources into a new venture that is not as appealing strategically or financially now as it was in the past. If the issue becomes more widely known, business factors, inherent risks with certain responses to this situation, the possible loss of a key client, questions about firm’s credibility, and the potential negative affect to the firm’s upcoming IPO must also be considered.

Define critical steps in the decision-making process

Explanation / Answer

1.There are a minimum of five major violations of intellectual and proprietary properties, disclosures and confidentiality, mishandling of company information and documentation, noncompetition violations, and conflicts of interest.

2.Understanding the specifics of these violations as well as the potential implication will assist us in what procedures should be taken.

3.Three main categories that appear to influence people’s actions are pressure to meet expectations, pressure to meet goals, and exurbanite compensations to meet the expectations and or goals.

4Legal amendments such as the uniformed trade secrets act as other federal and state case laws are implemented to insure that individuals and businesses are held accountable for their actions against the community of the marketplace

5.evidnece of wrong doing, minimally by the close proximity of context or concept of product or processes with the upper end is the potential of plagiarisms of documents and such for unfair competition practices .

6The offending person has not only conducted the implied act as well as the actual documents of misuse of company documents of the previous employer.

7.I propose that this will be the next amendment to be included in our code of ethics document.

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