told by management “to take off his engineering hat and put on his management hat [1].” This statement by management promoted poor ethical decision making. Engineers have a duty to report to an appropriate authority of the potential risks when a client/employer fails to follow the engineering recommendations. This duty involves risking their reputation and career. Roger Boisjoly became the whistleblower for the prelaunch decisions and was ostracized The Importance of Ethical Management The Challenger
Premium Space Shuttle Management Risk
Ethical Change Management In a business climate tainted by scandals such Enron‚ Tyco and Adelphia‚ it is much more ‘professional’ and MBA-like to discuss solutions to management problems with strategies more along the lines of Corporate Governance‚ Sarbanes-Oxley and Fiduciary Duties… than by reacquainting readers with the Golden Rule. Yet‚ despite the depreciation of the simple in light of the complex and insanely expensive‚ there is still great value to gain by going back to the basics.
Premium Decision making Decision theory Change management
cco Management Accounting Tutorial 5 15-3. List and briefly describe 4 major influences on pricing decisions Customer Demand: the demands of customers are of paramount importance in all phases of business operations‚ from the design of a product to the setting of its price. Product-design issues and pricing considerations are interrelated‚ so they must be examined simultaneously. For example‚ for a higher quality product; you need higher quality materials which will affect a higher cost and
Premium Cost Costs Variable cost
MULTICULTURAL MANAGEMENT IN THE VIRTUAL PROJECT SETTING Carlos Galamba‚ University of Liverpool Introduction The Virtual Project Setting In today’s globalisation era‚ effective cross-cultural management of virtual teams is an emerging subject in international business literature and practice. Virtual teaming has a number of potential benefits; not only in terms of human resources flexibility but it can also reduce the operating costs of one organisation. On the other hand‚ the challenges
Premium Management Strategic management Organization
period. The latest management changes have once again disrupted stability. In July 2012‚ M&S announced widespread changes across the company‚ including a new head of general merchandise‚ style director and a new head of food. A number of external and internal factors explain these changes. External Factors Consumer spending & Competition External factors can be described as things affecting the company beyond its control. Firstly‚ the retail industry in which M&S operates has weakened
Premium Management Strategic management SWOT analysis
Assignment 204 Introduction to duty of care in health‚ social care or children’s and young people’s settings Assignment composition Assignment overview In this assignment‚ you will demonstrate your understanding of what is meant by the term ‘duty of care’. You will consider the types of dilemma that you may arise in adult social care work‚ and find out where to get advice and support to handle these. You will look at how to respond to complaints‚ making sure you know and follow agreed procedures
Premium Case study Sociology Question
Lack of Respect in the Perioperative Setting: An Ethical Issue Judith L. Clayton Chamberlain School of Nursing Lack of Respect in the Perioperative Setting: An Ethical Issue The perioperative nursing culture is made up of many habits that are simply accepted. “Habits and ethics belong together because of the moral virtue that arises through habit and moral‚ which is implied in the word ethics” (Lindwall & von Post‚ 2008‚ p.670). Ethics deals with the rightness or wrongness of human behavior
Premium Ethics Nursing Morality
Today‚ ArcelorMittal‚ the world ’s leading steelmaker‚ and is more than three times the size of Nippon Steel‚ the second largest. Not only in terms of volume but also in terms of innovation‚ ArcelorMittal has managed to excel in comparison to its competitors. ArcelorMittal invests to develop other solutions to produce clean energy. During the latest BATIMAT‚ the world’s biggest building and construction fair‚ ArcelorMittal was awarded a Golden Innovation Medal for Arsolar‚ a solar panel designed
Premium Social responsibility Corporate social responsibility Business ethics
State of Own Organization’s Human Resource Management Company Background STRADCOM Corporation was awarded the first Built Own Operate (BOO) IT Project that the Philippine government has embarked on last 1997. The BOO scheme encourages the private sector to invest in the country‚ whereby the private proponent would shoulder 100% of the project cost‚ handle the operations of the project for a prescribed period of years and recover its investment from an imposition of a transaction fee during
Premium Management Human resource management Human resources
Production and Operations Management Let’s face it‚ we all face tough challenges. Competitive pressures continue unabated. Prices are too low‚ and the costs are too high. Companies strive to reduce costs. Some look to improve technology. Some reduce headcount. Too few have become operationally excellent. Going through the activity‚ as a business administration student‚ have you ever thought about your future as part of a prestigious company? Will you apply the things that you’ve learned throughout
Premium Thought