Direction: Suppose you are a manager of a certain company; you have a very competent employee whom you trusted most. One day you left for an out of town business summit. You entrusted him the whole organization while you are not around. When you came back, you have found out that there are important documents lost inside your office. You have already conducted an investigation and there was no lead who had stolen the said documents. Your employee apologized about his negligence and asked for a second chance to regain your trust. As a manager what is your stand about the incident? How do you impose consequences to the employee with fairness? After answering, what are the factors that you have considered in order to ensure that the consequence is fair?

Direction: Suppose you are a manager of a certain company; you have a very competent employee whom you trusted most. One day you left for an out of town business summit. You entrusted him the whole organization while you are not around. When you came back, you have found out that there are important documents lost inside your office. You have already conducted an investigation and there was no lead who had stolen the said documents. Your employee apologized about his negligence and asked for a second chance to regain your trust. As a manager what is your stand about the incident? How do you impose consequences to the employee with fairness? After answering, what are the factors that you have considered in order to ensure that the consequence is fair?

Understanding Management (MindTap Course List)

10th Edition

ISBN:9781305502215

Author:Richard L. Daft, Dorothy Marcic

Publisher:Richard L. Daft, Dorothy Marcic

Chapter1: The World Of Innovative Management

Section: Chapter Questions

Problem 2ED

See similar textbooks

Similar questions

2.You have been asked by the CEO of your software organization to hire and manage a small group of software developers in an attempt to reverse engineer the latest release of the software by your leading competitor. The goal of the group will be to identify features that could be implemented into the next few releases of your firm's software. Would you consider hiring software developers from your competitors to start this group? Why or why not? What sort of legal and/or ethical questions might be raised by this reverse engineering effort?
You are an employee working in the accounts office of Ukweli company listed on the Nairobi stock Exchange, and while working late one evening during the week, you realized that you had left your expensive pen in the boardroom at an earlier meeting and, given its value, you went upstairs to look for it. As you approached the door you heard the following discussion which was between the company C.E.O (Chief Executive Office and Brian (a Non -Executive director). “C. E.O: I am deeply concerned that if this fall in profit figures is disclosed in the next annual report, there will be all sorts of problems with the shareholders. We may even lose a number of big investors. Brian (also the cousin of the Chief Executive): (large sigh) Well, I suppose we could always find a way of making them look better. C.E.O: How? I can't see it at all. Brian: Well, we could make them just slightly higher than last year's figures by including the proceeds of the sales of our toothbrush division. C.E O: But…
2 You work as an executive in the company, write a memorandum to all employees about increasing absenteeism and turnover in the last few months and warn them about the immediate action company takes and the penalty for such act.
You know that you will be returning to college in the fall. Is it ethical for you to apply for the job without mentioning this fact? Why or why not? If you believe it is unethical to withhold that information,is there any ethical way you can apply?
A friend contacts you about joining her company, Anonymous Remailers Anonymous. She would like you to lead the technical staff and offers you a 20 percent increase in salary and benefits over your current position. Your initial project would be to identify and implement changes necessary to provide increased protection for users of the company's anonymous remailer service. After discussing the opportunity with your friend, you suspect that some of the firm's customers are criminal types and purveyors of pornography and hate mail. Although your friend cannot be sure, she admits it is possible that hackers and terrorists may use her firm's services. Would you accept the generous job offer? Why or why not?
As part of their Corporate Governance role, Boards of Directors are responsible for the performance of the organization as well as conformance to various rules and regulations as required by governmental agencies. Some analysts believe that Boards should focus 70% of their time on Conformance and 30% on performance. Others believe that Boards should focus 70% of their time on performance and 30% on conformance. Using 500 words or more explain which of the two approaches you believe to be more beneficial, giving your reasons why?
You are newly hired as the national sales manager of a pharmaceutical company. Your predecessor was not a very efficient manager. Hence, anomalous transactions and practices were rampant during his time. This was the reason why he was removed from the post despite the good performance of the sales force as far as hitting sales quotas are concerned. As you take over, you assume command responsibility over the entire sales force. However, since there was no proper turnover, you face the danger of being questioned for anomalies that happened before your time. If you call for a sales force audit, you might lose more than half of your sales force due to possible termination as a result of the audit. But you need to immediately show satisfactory sales performance. What will you do? Important note: please follow the case tips
How to respond to this in 100 words? Ethics and strategic management relates because both weighs heavily on making sound decisions for the business and being held accountable for individual at risk behaviors. One benefit of utilizing ethics in an organization is that it creates a trustworthy environment in which the company has confidence in their employees to do the right thing. Another benefit for utilizing ethics is having high performing employees who have regards for both the business aspect of the company and possessing the responsibility for making solid moral decisions. “Managerial ethics refers to an individual’s responsibility to make business decisions that are legal, honest, moral, and fair” (Parnell, 2017, p. 116). For managers, it is also their moral responsibility to make sure that employees are in compliance with their work obligations and conduct themselves in a professional manner. “As a consequence, management needs to confront the challenge of balancing the…
While working as a new employee at the Defense Contracting Audit Agency, you noticed that a fellow employee was studying intensely for the Financial Accounting section of the CPA test. You planned to sit for that test section in two months, and your colleague was sitting for that test section next Thursday. On Thursday evening, you phoned your friend to see how she was doing after the test. She thanked you for being considerate and told you that she was emotionally drained. Nonetheless, she then kept you on the phone for 15 minutes, telling you about the “nasty” Statement of Cash Flows and Consolidation problems she encountered. What is the ethical issue? Did either of you commit a discreditable act under the Code of Conduct?
Management You are a financial advisor working for a brokerage firm, and you have been approached by a potential investor who is interested in purchasing a complex financial product that you know to be high-risk and potentially unsuitable for their investment goals. The investor is insistent on purchasing this product, and you are concerned about the potential for financial harm if they go through with the purchase. What steps would you take to protect the investor's interests and ensure that they are fully informed about the risks of the investment? Please provide a detailed explanation of the actions you would take and the factors you would consider when advising the investor on this potential investment.
Congratulations on your appointment as the Legal and Regulatory Compliance Officer for Intercorp Ltd, a provincially regulated corporation with head offices in Toronto, Ontario. As you settle into your new office, your assistant tells you that there are is a problematic file on your desk that you might want to look through sooner rather than later. Your CEO has asked you for a memo outlining any legal issues this file contains, together with your recommendations for how to proceed. You discover that Intercorp has some issues with special metal tubing that it had shipped by air carrier from England to their Ontario warehouse. It has been reported that there was significant turbulence during the transport of the goods in the air. Intercorp had ordered ten (10) tubes at $50,000 per tube, packed in 5 containers - 2 tubes to a container. Each tube weighed 10,000 kg. They arrived 30 days ago at the air cargo terminal; from there they were loaded onto a rail car. Unfortunately, due to a…
Between 1992 and 1996, Luxor Technologies had seen their business almost quadruple in the wireless communications area. Luxor’s success was attributed largely to the strength of its technical community, which was regarded as second to none. The technical community was paid very well and given the freedom to innovate. Even though Luxor’s revenue came from manufacturing, Luxor was regarded by Wall Street as being a technology-driven company. The majority of Luxor’s products were based upon low cost, high quality applications of the state-of-the-art technology, rather than advanced state-of-the-art technological breakthroughs. Applications engineering and process improvement were major strengths at Luxor. Luxor possessed patents in technology breakthrough, applications engineering, and even process improvement. Luxor refused to license their technology to other firms, even if the applicant was not a major competitor. Patent protection and design secrecy were of paramount importance to…