Hide Folder Information Folder LP5.3 Assignment: Ethics Case StudyTurnitin Origi

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Hide Folder Information Folder LP5.3 Assignment: Ethics Case StudyTurnitin OriginalityCheck enabled Instructions LP5.3 Assignment: Ethics Case Study This assignment will assess competency 5. Analyze the efforts to control the activities of the organization. In any good story there is some backstory (set up), characters, problem or conflict, and a decision that leads to consequences. A case study is just a story. Like stories, sometimes they have happy endings and sometimes they have sad endings. For graduate school, we usually use case studies without happy endings. Analyses of poor decisions or mistakes give students the opportunity to analyze a situation and provide better alternatives for the company. Directions: Use the NAU library to find the case study "Does it Matter How We Get There (Really) - A Case of Ethics in Bidding" by Donald Schepers. This article is not available on the web so you must use the NAU library to access it. In your analysis: Identify the important facts surrounding the case study. This includes the key players involved in the scenario (this should be brief). Identify the key issue or what the case study is about (the problem or issue at hand). From your understanding of what you learned on the topic, provide some alternate courses of action (minimum of three) that the company could take to resolve that issue. Evaluate each of these courses of action. In other words, a company could do A, B, or C. If they did A, this is how it would work and what would happen. If they chose B... (consequences of the actions). The final step is to recommend which of those courses of action the company should take and defend your answer. Consider the following in your paper: A Code of Ethics that would cover this situation. What is included and excluded in the code? As Jim Snelling, what would you have done? Why? How should the involved employees be handled? What other fall-outs or repercussions can you see stemming from this case? Your final submission will be 1000-1300 words long and needs to flow like a research paper. An abstract is not required. You are encouraged to use headings in the paper to separate the answers to the various questions, but do not just repeat the questions and give the answers. Do not include the instructions into your paper or it will inflate your similarity score. Submit this assignment to your instructor via the dropbox LP5.3 Assignment: Ethics Case Study. This assignment is worth 65 points and will be graded according to the LP5.3

Explanation / Answer

Whilst writing a 1300 page long thesis is beyond the scope, I am providing guidelines on which the text can be expanded and submitted in the appropriate form

Key players involved in the scenario

Key Issue

Spectro is in the business of supplying electrical components and this, in the industry, normally happens through a bidding process. One of its closest competitors is ElectroSource. Due to a government dictat, Spectro acquired ElectroSource’s sales staff in key areas. Post this, Spectro was able to win a contract worth $100 million that was to take the companys numbers to a new high, required desperately since competition was catching up. However, it was later found out that the competitor’s price list was used to undercut the bid. This was obviously unethical and had serious ramifications on the company’s future.

Alternate Courses of Action

(A) Come clean

The company can come to decide that it will own up to the faults that it had committed and divulge everything to its competitor, ElectroSource and to its client too.

There are obvious negative consequences to this such as paying for unfair practices, negative equity in the market, lower numbers in company books, lower employee morale (since bonuses had been announced). However, the positives are that Spectro would be established as a company that strictly believes in conducting its business in the ethical way and no leeway is provided in any of its operations. This could boost the confidence in the minds of many of its customers and suppliers. Also, this will serve as a strong reminder to the existing employees that there is no wiggle room when it comes to ethical conduct.

(B) Business as usual

The company may decide to keep things hush hush and execute the contract as if nothing happened.

The advantages are several such as higher numbers in company books, happy employees and greater market share. However, the imminent risk of the secret being out will always be high. Companies are subjected to many rounds of auditing in a year. What if this comes out in one such report? The brand equity of the company will be seriously hampered and investor confidence will take a nose-dive. Besides this, it may set a dangerous trend in the company wherein sales staff can think that they can get away with such un-ethical conduct.

(C) Changes in internal company practice and settlement with ElectroSource

There is a particular practice in the company wherein employees who are acquired are not immediately made to go through training on the premise that they already know how the business is conducted. This is something that needs to be changed immediately. Although technicalities of selling remain the same across companies, each company has its own value system and inculcating the same into its new set of employees is critical. This training should not be postponed for any set of employees, acquired or otherwise.

Spectro should negotiate with ElectroSource and try and work out a deal wherein for this particular contract they can have a revenue sharing model. This can be done as a gesture to minimize the losses suffered by the competitor.

Out of the above options, the option (C) is what the company should follow. Also, the employees who were involved in preparing the bid should be dealt with in the strictest possible manner.

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