Principles of Management
Week 2 Assignment 1
Stepping away from a company that has brought sales up to an increasing 15% will take courage. Will you have the courage to stand for what is right for the current workers working for a company that is working long hours and a few dollars a day or continue doing business that may cause backlash from the media and public? You are responsible for deciding if you will continue to do business with this company by your CEO while also having the name of your company in the local newspaper as doing business with equipment manufacturing company that doesn’t treat their employees with standards and morals. Ethics
The company has standards to abide by and to conduct interactions with other companies. “Ethics is the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong” (Daft 2012, pg. 123). Continuing to do business will have its disadvantages. Many clients that are currently doing business with the company will look at the company’s decision to see if they will continue to do business. Managers are looked upon as role models of the organization and to set the standard ethics of a company (Daft, 2012). Making this decision isn’t just about you as a manager but your decision also stands for the employees of the company, shareholders, stakeholders, and customers (Daft, 2012). Prepare for backlash if you decide to continue to do business with a company that treats their workers like slaves. Every company has a code of ethics to abide by with any given situation and to go against the code which your company stands for will turn many believers in your company away.
The company will experience a decrease in profits turning away from the company that has brought the company an increase of 15% of profit and a substantial amount of money. Now with losing 15% of profit, it will affect the money...