Resolving Ethical Business Challenges: Elaine
Business managers and executives usually face several ethical challenges that require them to demonstrate ethical leadership in resolving. Elaine’s situation is an example of some of ethical business challenges that these leaders experience with regards to the advantage and disadvantage of each decision. The first decision relates to Graphic, Inc. loan, which was engaged in litigation about promotion of its products to children (Ferrell, Fraedrich & Ferrell, 2012, p.177). The advantage of Elaine’s decision in this case is that she did what was morally acceptable while the disadvantage is that she lost a money-making opportunity and had no reason to doubt the firm’s ability to repay the loan. …show more content…
the 1996 Helms-Burton Act. The disadvantage is that her decision relatively discriminated the Canadian-based company because of its dealings with Cuba. The advantage of her decision in the third scenario is the evidence of illegal and unethical business practices by Electrode International. The demerit of the decision is that she had no reasonable proof of Electrode’s involvement in such practices or to justify her suspicion about its high profits. For the Brazilian firm, the advantage of her decision was the demonstration that UBC was protecting the environment whereas the disadvantage is that it lost a business opportunity to one of its competitors. Elaine’s stand in the final is advantageous because of the likelihood of making huge profits through commissions. However, the decision could result in her husband’s loss of job, which could hinder the education of their child and loss of their …show more content…
Generally, her unwillingness to approve some of these loans promotes and enhances the moral practices of UBC. However, her moral stance could prove harmful to the company if they continue to contribute to loss of business opportunities and profits. Therefore, if she decides to approve these loans, she will improve the company’s bottom line and potentially harm others’ welfare. In contrast, upholding her moral stance in all cases may result in huge losses for the firm and eventual loss of
Business managers and executives usually face several ethical challenges that require them to demonstrate ethical leadership in resolving. Elaine’s situation is an example of some of ethical business challenges that these leaders experience with regards to the advantage and disadvantage of each decision. The first decision relates to Graphic, Inc. loan, which was engaged in litigation about promotion of its products to children (Ferrell, Fraedrich & Ferrell, 2012, p.177). The advantage of Elaine’s decision in this case is that she did what was morally acceptable while the disadvantage is that she lost a money-making opportunity and had no reason to doubt the firm’s ability to repay the loan. …show more content…
the 1996 Helms-Burton Act. The disadvantage is that her decision relatively discriminated the Canadian-based company because of its dealings with Cuba. The advantage of her decision in the third scenario is the evidence of illegal and unethical business practices by Electrode International. The demerit of the decision is that she had no reasonable proof of Electrode’s involvement in such practices or to justify her suspicion about its high profits. For the Brazilian firm, the advantage of her decision was the demonstration that UBC was protecting the environment whereas the disadvantage is that it lost a business opportunity to one of its competitors. Elaine’s stand in the final is advantageous because of the likelihood of making huge profits through commissions. However, the decision could result in her husband’s loss of job, which could hinder the education of their child and loss of their …show more content…
Generally, her unwillingness to approve some of these loans promotes and enhances the moral practices of UBC. However, her moral stance could prove harmful to the company if they continue to contribute to loss of business opportunities and profits. Therefore, if she decides to approve these loans, she will improve the company’s bottom line and potentially harm others’ welfare. In contrast, upholding her moral stance in all cases may result in huge losses for the firm and eventual loss of