...The Ethics of Hardball Competition has been a driving force of ethical problems in business. And with greater opportunity, such as globalization, has come greater tests. Author Lindsay Thompson (2010) stated, “Globalization, with its undisputed opportunities and benefits, raises new and inescapable moral challenges” (para. 1). At the sake of remaining competitive and keeping their share of the market, businesses have been confronted with ethical dilemmas where either social or business ethics have prevailed. However, not every situation has to result in this “either or” manner. Thus, an ethical decision can result in a good business decision. This paper will discuss the handling of ethical decisions by businesses that can result in a good ethical and business choice, the modes of accountability for them, as well as discuss the teleological and deontological theories as they pertain to business decisions. Ethical Choices can Equal Good Business Businesses can make ethical decisions that are at the same time good for business. This can bring about profit for a company as well as establish or reinforce an image of integrity to the public. Here is an example of a decision a company took that was seen as an ethical choice, but not good for business. In August of 1992, just prior to Hurricane Andrew striking the homes of Miami residents, Home Depot resolved to sell their 4-foot-by-8-foot sheets of outdoor plywood at cost (forgoing their profit). While others took...
Words: 1374 - Pages: 6
...situation between one another under a rational and wholesome environment. It is a necessity for multinational corporations to have a cross-cultural based management. Differences of cultures across the globe would induce large organizations to embrace themselves with a variety of counter strategies, as it can majorly impact the firm’s performances if left unattended. Hofstede (1983) established that the differences between each nation create diversity, which exist in various aspects mainly: Power distance, uncertainty avoidance, Individualism, masculinity and long term versus short-term orientation. These factors implement the approaches from which a nation converse with the other healthily creating little to no conflict. ‘Why China plays hardball’ article presents the different business cultures which are dealt between Australia and China. Through analyzing the article, we may compare the issues of culture between the nations. Cultural biases Ethnocentrism is an assumption that one’s way is the best way of doing and all other possibilities are not relevant under no matter whatever conditions applied (Deresky & Christopher 2012). Within this article, it implements the hard facts of global corporations joining the Chinese market in creating a term of collaborative undertakings. Gettler (2013) stated, “The Australians would spell out exactly what they wanted in clear and precise terms. But their counterparts would skirt around issues like pricing.” Other terms would also include...
Words: 1657 - Pages: 7
...CHAPTER CLOSING CASE FROM CHAPTER ONE: PLAYING HARDBALL AT HOME DEPOT BRIEF SUMMARY: This case was mainly about Home Depot’s turning point on its sales increases after the new CEO Robert Nardelli had taken charge of the corporation. The way which Nardelli applied to change the old fashion of running the business was highlighted in the text. Described as command-and-control, the method he used which can be traced back to 1950s was simple and straight and it can be characterized as emphasis on a military-like discipline and obedience. Being centralized again, Home Depot became a more standardized-machine like place where effectiveness and efficiency were laid utmost stress on. Then, Nardelli’s principles are illustrated as follows: First, centralize control over functions. Second, follow slow growth. Third, control by measuring every input and output instead of relying on instinct. Fourth, ruthlessly eliminate underperforming managers. Besides cost cutting, he also made radical progress on wholesale supply to contractors, service offerings and potential new hirings. However, “soft” topics such as corporate culture and employee empowerment are largely neglected, which diminished the better development of this management skill. CASE QUESTIONS: 1. The four principles Nardelli has adopted to improve the performance of the business can be served as examples of his planning phase. When he conducted his plan into practise by assigning tasks for his employees, as in transmitting...
Words: 1295 - Pages: 6
...The first pundit I watched was Chris Matthews on “Hardball.” This pundit was liberal. On the show he had several guests. In the first segment of the show, the guests were Anna Gearan from the Washington post, Jamaal Simmons, and Joan Walsh from “The Nation.” In this segment Chris discussed with the guest a number of different topics concerning the general elections and the campaigns. Among the questions were one that asked who would be the best republican to run against Hillary Clinton. Throughout the discussion, most of the questions were specifically framed around Hillary Clinton. Another question in this segment was whether or not older women would vote for a male who was considered a “B-” instead of Hillary Clinton, who would be considered an “A.” In the Second segment of the show, the guests were Howard Fineman from the Huffington Post, and Gene Robinson for the Washington Post. They continued to discuss electoral topics on this part of the...
Words: 915 - Pages: 4
...“We have had Paige & Gentry as our auditors for many years, haven’t we, Jane? They have been here since I became president two years ago.” “Yes, Bob, I have been the Chief Financial Officer for seven years, and they were here before I came. Why do you ask?” “Well, they were really tough on us during the recent discussions when we were finalizing our year-end audited statements—not at all like I was used to at my last company. When we asked for a little latitude, our auditors were usually pretty obliging. Frankly, I’m a little worried.” “Why, Bob, we had nothing to hide?” “That’s true, Jane, but let’s look ahead. We’re going to have difficulty making our forecast this year, and our bonuses are on the line. Remember, we renegotiated our salary/bonus package to give us a chance at higher incentives, and we have to be careful.” “Looking ahead, we’ve got a problem with obsolete inventory that’s sure to come to require discussion for a second year in a row. 421 422 We’ve got the warranty problem with the electrical harness on mid-range machine which is going to cost us a bundle, but we want to spread the impact over the next three years when the customers discover the problem and we have to fix it up. And don’t forget the contaminated waste spill we just had—how much is that going to cost to clean up, if we ever get caught?” “These are potentially big ticket items. Bill Paige, the guy who is in charge of our audit, is not going to let these go by. He said the inventory...
Words: 527 - Pages: 3
...Cultural Awareness: Final Project Hardball Criminology 103 December 9th, 2015 Kali Zollman Leo Backs Ivy Tech Cultural Struggles I chose to write about the movie Hardball. It starts out with a man who is in a considerable amount of debt. In order to repay the debt obligations he has occurred, he is told he needs to coach a baseball team of fifth graders that live in the ABLA housing projects. O’ Neill knows little about the boys he is coaching and less about the housing projects in which these boys are living. O’ Neill knows little and does very little to get to know the boys individually or as a team and as a coach. He does not take any interest in the living situatons of these young boys or how their home life is nor does he portray himself caring to these boys. The only thing that O’neill does at this point in the movie is show that he wants to do what he is supposed to do, and get out of the situation as quickly as possible so he may return to his normal activities. Making five-hundred dollars a week to coach the team, he does not take the job seriously or listen to the boys with what they say about the neighborhood. The boys on the team know their living environment is not at all safe. The ABLA housing projects are ruled by gangs and thugs, who govern through the use of violence and fear mongering. They describe their living situation to their coach, telling him that they do not sit on their couches or other furniture in fears of catching a stray bullet...
Words: 1362 - Pages: 6
...In this negotiation exercise, my partner and I attempted to negotiate the sale of the Bullard Houses, a historic property in the fictional city of Gotham City. My partner had the role of a representative for Downtown, Inc., the current property owners. He was attempting to negotiate a deal to sell the property to a buyer that would revitalize the current property as a luxury residential housing complex. I had the role of a senior partner from Jones & Jones, a leading real estate firm, negotiating the sale on behalf of Absentia, Ltd. Absentia, Inc., which is controlled by the Conrad Milton Hotel Group and wanted to purchase the property to develop a luxury hotel. Under strict instructions from my client, I was not allowed the divulge the intended use of the property. Following a tense 45-‐minute negotiation, we failed to reach a negotiated settlement. The issue which led to...
Words: 1528 - Pages: 7
...Negotiation Strategy Article Analysis Carlos Diaz MGT/445 June 28, 2012 Dr. Sheila Christy-Martin Negotiation Strategy Article Analysis Different strategies are used during the negotiation process. The best strategies come from understanding the negotiation process and a sense of awareness of the other people’s strategies and tactics. Before the negotiation begins, preparation is important. This way the negotiator is aware of all the facts and can anticipate any counterarguments. Knowing what the competition wants, identifying the problem, and finding a way to make the other party happy without compromising what he or she wants to see happen are strategies used by negotiators on every day situations. The next two articles are examples of how such strategies were used or could be used to make those negotiations successful. Matt Harrington and the Colorado Rockies An 18 year old Matt Harrington was perhaps considered the best pitcher on the 2000 MLB draft. The Colorado Rockies offered $4 million contract over two years which Harrington rejected. After a disappointing season on the independent leagues Harrington rejected the 58th place on the 2001 draft with the San Diego Padres for $1.25 million In 2002 he did even worse and rejected a deal with the Devil Rays for $100.00.00. In 2003, again talks fell through with the Cincinnati Reds and the New York Yankees did not even make him an offer in 2004. In 2005 he did not receive any offers and in 2006 he received...
Words: 737 - Pages: 3
...Transcript of Copy of Bargaining @ Magic Carpet Airlines: A Union's Perspective Back to the Bargaining Table Davida Jackson, Sandy Saburn, Renata Sims Dixie Lee - National Bargaining Representative (NBR) Ruth Boaz – LFA MEC president at Magic Carpet Air Peggy Hardy – LFA union president Marie Phillips – LFA union president Jody Rogers – LFA union president League of Flight Attendants (LFA) Negotiating Team Bill Orleans – director of labor relations Ross Irving – director of human resources Kristine Lamb – director of in-flight services Christian Andrew – executive vice president Willie Sanders – senior vice president of operations Tom Windham – chief executive officer (CEO) and president Company Negotiating Team Magic Carpet Airlines (MCA) -1961 History of Merger 1. Keeping union members informed of negotiation progress. 2. Getting union members involved. 3. Convincing the company that the union’s demands were serious. 4. Setting an issue only with the unanimous consent of the negotiating committee. Strategies of the Union The merger of the two airlines created a small “national” airline (define as a carrier with sales between $100 million & $1 billion) with sales of $140,265,000. River City Airlines (RCA) - 1969 January 1987, Magic Carpet Air purchased River City Airlines and merged two operations. In May 1988, Magic Carpet Air entered into a marketing agreement with a major national carrier and became a “feeder”airline for...
Words: 680 - Pages: 3
...Men Who Fought Social Inequality Frederick Douglass and Satchel Paige both fought against the social inequality toward African Americans in the United States. Frederick Douglass was a former slave who escaped and informed people about his former life in bonds. Leroy “Satchel” Paige was a baseball player who brought attention to the Negro League. Both men stood up for themselves and stood up for themselves and fought for social equality for all blacks. First of all, Frederick Douglass wrote a newspaper called the North Star. This newspaper highlighted racial issues going on at the time. In paragraph 8, the text states, “(Douglass) started his own newspaper, the North Star, and supported political action against slavery.” In addition, Douglass...
Words: 379 - Pages: 2
...Knowledge Management This case describes the many knowledge management practices that take place at Toyota Motors, which is of course the world's most money making company. Also, it describes how Toyota enables wide knowledge sharing not just within the organization but also across its supply chain. It details the practices that make Toyota a true learning organization. It discovers the role of traditional structural practices in the company's knowledge management efforts. In 2004, Toyota Motor Corporation was Japan's largest company and the world's second largest automobile company with worldwide unit sales of 6.7 million (Liker, 2003). It was acknowledged as one of the world's best knowledge enterprises, and was a three-time winner of the Global Most Admired Knowledge Enterprises (MAKE) Survey 4, and a five-time winner of the MAKE Japan Survey (www.icmrindia.org). This award identifies the best practices in the area of knowledge management. The survey studied enterprises on criteria like knowledge-based culture and products, knowledge sharing and teamwork, as well as structured learning. Many experts believed that effective knowledge management had given Toyota a strong competitive edge. Toyota's Production System manufactured a variety of high-quality vehicles at very low cost. Toyota had been extremely open about its production system. Company sources were quoted to have said, "Study us all you want"(Stalk & Lachenaur, 2004). Even with studying, no other company was...
Words: 385 - Pages: 2
... * 34 multiple choice (worth 2.5 points each = 85 points) * 2 short answer/essays (worth 10 and 5 points each = 15 points) Overview: The exam will cover material from the chapters and class lectures. Use your notes and the class slides as a guide. To further direct your studies, here are some key terms and concepts from each chapter on which to focus. Chapter 1 What are the characteristics of negations? Why do negotiations occur? What are the different types of negotiations? What are the dilemmas associated with negotiating? What is mutual adjustment? What is the dual concerns model with regard to concern for outcomes? Chapter 2 How would you describe distributive bargaining? What is BATNA? What are some examples of hardball tactics? Chapter 3 How would you describe integrative negotiation? What are interests? How do you facilitate integrative negotiation? Chapter 4 What is the difference between strategy and tactics? What is the dual concerns model with regard to substantive vs. relationship outcomes? What does planning involve? Negotiating Style and Individual Differences (Readings 4.1 and 4.2) What are some differences between male and female negotiators? Chapter 5 What are some common perceptual distortions that that may affect negotiations? What are some common perceptual biases that may affect negotiations? How do emotions affect negotiation? Chapter 6 What types of nonverbal communication are important in negotiations? How can...
Words: 345 - Pages: 2
...Introduction The biggest protest movement was in Taiwan in March, 2014. The Taiwanese government and Chinese government signed a cross strait service trade agreement. The Taiwanese government unilaterally ratified a service trade agreement. This action provoked The Taiwanese people to protest. In this case, the negotiation was with the Taiwanese government, and China government and Taiwanese people. The following will more deeply elaborate about the negotiation process and the tactics that three parties used in negotiation. Cross Strait Service Trade Agreement China and Taiwan signed a treaty in June 2013, named the Cross Strait Service Trade Agreement. This trade agreement is a follow-up treaty by ECFA (Economic Cooperation Framework Agreement.) Under the terms of this agreement, Taiwan opened sixty-four service sectors and China opened eighty service sector; “service industries would be opened to investment and businessmen would be able to obtain indefinitely renewable visas for the other territory. It would become easier for businesses to set up offices and branches in the other territory and for large stakes in businesses to be sold to the other party’s investors”(Cross-Strait Service, 2014, para.1).Both governments believe this trade agreement will bring a large amount of benefits to their countries. However, the Taiwanese legislature currently ratified this agreement without due process and broke its earlier promise to allow a parliamentary review of the...
Words: 2312 - Pages: 10
...BUSN 412 Week 5 Quiz Purchase here http://devrycourse.com/BUSN%20412/busn-412-week-5-quiz Product Description 1Question : In consideration that the "traditional" approach to strategic control is sequential, the following is not one of the steps in the sequence. Strategies are formulated and top management sets goals. Action plans are submitted by lower level managers. Performance is measured against the predetermined goal. Strategies are implemented. 2. Question : The primary drawback of "traditional" strategic control systems is: They are only appropriate when the environment is stable and simple. Goals and objectives cannot be measured with a high level of certainty. They lead to complacency. They lack the flexibility needed to adjust to changes in the environment. 3. Question : The following is true for businesses facing complex and turbulent business environments: Complacency about predetermined milestones can prevent adaptability Detailed plans are needed to maintain order Goals and objectives that are uncertain prevent opportunism Traditional strategic controls are usually inappropriate 4. Question : Contemporary approaches to strategic control rely primarily on: Feedback controls Single-loop learning Double-loop learning Comparative learning 5. Question : Our text states that informational control systems ask: Is the organization "doing the right things"? Is the organization "doing things right"? Are rules and regulations being followed...
Words: 522 - Pages: 3
...from different types of injuries. Again, there is no way someone who has never dealt in these matters could possibly know these things. So without this kind of technical information you will have no idea how much compensation you can expect. You will effectively be at the mercy of insurance adjusters and other lawyers who are working to keep your compensation as low as possible. And fourth, a personal injury lawyer will take your case to court if it is necessary. Insurance adjusters know that if a case ends up in court, the insurance company will probably end up paying pay a lot more that they want to pay. The adjusters also know your case will probably not go to court if you are representing yourself. So they are much more likely to play hardball with you. These are just some of the very important reasons why retaining a personal injury lawyer is the smart thing to do if you feel you are owed compensation. Insurance companies know that a personal injury attorney will go to court. Therefore, the adjusters have to be more realistic in what they offer you as compensation for your personal injuries. Finding a good personal injury attorney is the best way to ensure that you receive the maximum compensation available under the law. ...
Words: 473 - Pages: 2
