Martin Marietta: Ethics Case Analysis Martin Marietta is a leading-edge aerospace and defense company which produces technology for the federal government. The company has four main operating divisions or companies. Most of the company’s over 60‚000 employees work at nine United States locations. The 1980’s were a climate of government and public mistrust for defense companies. There were many accusations of fraud‚ waste and misconduct. In 1985‚ after Martin Marietta found itself under investigation
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Executive Summary “Martin Marietta ethics program was one facet of an effort to create and maintain a “do-it-right” climate at a time when the defense industry was facing serious attacks from the government and the public for fraud and mismanagement” (Paine‚ Choy‚ & Santoro‚ 2004‚ p. 2). During the 1980s‚ there was an increase in defense spending as allegations of contract fraud often made headlines. To protect itself‚ Martin Marietta in addition to 18 other defense organizations worked together
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Martin Marietta: Managing Corporate Ethics (A) In an industry overwhelmed with fraud and corruption‚ Martin Marietta was ready to revamp their reputation to become an ethical company. This concept catapulted a decade of creating‚ developing‚ and tweaking an ethics program. Martin Marietta’s goal was to maintain a work place with "descent people doing quality work" (page 1). But with this idea came a series of difficult challenges the company needed to overcome. Martin Marietta arose to the challenge
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Drexel LeBow College of Business FIN 640 – Mergers and Acquisitions Case Study: Martin Marietta – Vulcan Merger Presented by: Dharmesh Bharathan Andrew Hall Luis Hernandez Aziz Khan Teng Zhang Executive Summary This case study examines the proposed merger of Vulcan Materials and Martin Marietta both providers of construction aggregates. A stock-for-stock merger had the potential of making the company a global leader in construction materials‚ but was marred by disagreements over executive
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Aaron Ellis MBAC 601 Analysis #1 3/14/12 Martin Marietta Corp vs. Paul M. Lorenz I. Brief 1. Applicable Law Wrongful Discharge. The essence of the public-policy exception is that an employee will have a cognizable claim for wrongful discharge if the discharge of the employee contravenes a clear mandate of public policy. Claims for wrongful discharge under the public-policy exception have included termination of employees for: (1) refusal to participate in illegal activity
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Ethics‚ Management‚ and the Corporation’s Reputation Kristi Sims SGT‚ Inc Turnitin Originality Score: 8% Ethics and ethical standards are very important to an organization’s way of life. If something goes wrong and its standards are broken‚ it can be very detrimental to the company’s reputation among investors‚ customers‚ employees‚ and competitors. It is the duties of management to make sure an organization’s ethical standards are being met
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J Bus Ethics (2012) 106:229–241 DOI 10.1007/s10551-011-0992-9 The Effects of Corporate Ethical Values and Personal Moral Philosophies on Ethical Intentions in Selling Situations: Evidence from Turkish‚ Thai‚ and American Businesspeople Janet Marta • Anusorn Singhapakdi • Dong-Jin Lee • Sebnem Burnaz • Y. Ilker Topcu M. G. Serap Atakan • Tugrul Ozkaracalar • Received: 19 December 2010 / Accepted: 3 August 2011 / Published online: 21 August 2011 Ó Springer Science+Business Media B.V. 2011
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Ethics is the code of moral principles and values that governs the behavior of a person or group with respect to what is right and wrong. Ethics sets standards as to what is good or bad in conduct and decision making. Example of Unethical and Illegal Organizational Behavior Toward Customers False or deceptive sales practice Submitting misleading invoices Fabricating product quality data Toward Employees Discriminating against employees Creating a hostile work environment Violating
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Corporate ethics is adapted from the words: ‘sound moral values’. It attempts at putting in place some sense of ‘sound moral values’ within a company’s employee population as regards how they could conduct business responsibly. The recent corporate scandals globally (which have been taken to unprecedented levels) have made managers and researchers to turn their attentions to questions of ethics management. This paper therefore examines how national culture influences ‘sound moral values’ in business
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Summertown International: Managing Corporate Turnaround Abdoullah Albizreh‚ Wassim‚ Cathal 17th April 2013 | | 1.0 Executive Summary 3 2.0 Introduction 3 3.0 Corporate Structure 3 3.1 Summertown Joinery 4 3.2 Dubai and Abu Dhabi Branches 4 3.2.1 Fit Out (Dubai and Abu Dhabi) 4 3.2.2 Turn Key (Dubai and Abu Dhabi) 4 4.0 Organic Growth of Summer Town 5 4.1 Financial Growth of Summer Town 5 5.0 Financial Crisis 2008 and regional Impact 6 6.0 Analysis of
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