Super Security Co. offers a range of security services for athletes and entertai

Question

Super Security Co. offers a range of security services for athletes and entertainers. Each type of service is considered within a separate department. Marc Pincus, the overall manager, is compensated partly on the basis of departmental performance by staying within the quarterly cost budget. He often revises operations to make sure departments stay within budget. Says Pincus, “I will not go over budget even if it means slightly compromising the level and quality of service. These are minor compromises that don't significantly affect my clients, at least in the short term.”

Required

Is there an ethical concern in this situation? If so, which parties are affected? Explain.

Can Marc Pincus take action to eliminate or reduce any ethical concerns? Explain.

What is Super Security's ethical responsibility in offering professional services?

Explanation / Answer

Ans -There is an ethical concern in th given situation.

Business ethics are an integral part of responsible business

conduct. They explain an organization’s commitment to a set of commonly understood

core values , which give a basis for business decisions

and conduct. Typically, business ethics presume that decisions will conform to

standards articulated in law and regulations; internal policy and procedures; a set

of core values determined by owners and managers, comprising honesty, integrity,

respect, and fairness; and commercial principles like profitability, customer

satisfaction, product quality, health, safety, and efficiency. Business ethics issues

range from practical ones, such as an enterprise’s duty to be honest

with its employees and customers, to broader social issues

such as a company’s responsibility to contribute to the welfare of the community

and to preserve the environment.

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