Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Homework Help/Study Tips Expert

"George Green is president of Gamma Construction Company which is in the process of putting together a written bid to build a new hotel for Global Hotels. It is clear to everyone that Gamma’s chief competitor, Sigma Construction Company, will also be submitting a bid. The company whose bid is selected by Global is expected to earn up to $10 million in profit on the project. It is clear to everyone that no other construction companies will be bidding on the hotel project. Mike Mason is Gamma’s vice president, and is in charge of preparing Gamma’s bid. Once Mike prepares Gamma’s written bid, it will need to be signed by George Green, Gamma’s president. When George returned home last night, he discovered a recorded message left by Mike on George’s home telephone answering machine. Mike’s message said that while Mike had been waiting alone in a conference room at Global Hotel’s headquarters where he was to meet with Global executives earlier that day, he found a piece of paper on the floor. Before putting the paper in the wastebasket in the conference room, Mike noticed that the paper had Sigma Construction Company’s logo on it, so he looked more closely and discovered that it was a photocopy of Sigma’s itemized bid to Global for construction of the hotel. Mike’s recorded message continued by saying that Mike now knew the exact total price at which Sigma was offering to build the hotel. Mike’s recorded message also said that Mike had also learned other important information from the document, namely the prices which suppliers of major components of the building had agreed to provide their goods. Mike said he knew prices which suppliers would charge Sigma for furnishing steel, glass, plumbing and HVAC (heating, ventilating, and air conditioning) equipment. Mike also said he knew the names of suppliers and that all were “mainstream” companies. The prices of “mainstream” companies are usually higher than those of “discount” suppliers. Mike’s recorded message, however, did not mention the total price of Sigma’s overall bid, or the prices which suppliers had quoted Sigma for the components to be used in the building. Mike's message ended by saying that Mike put the Sigma document in the wastebasket before anyone from Global Hotels entered the conference room, and that he had not told anyone other than George about the document and its contents. All of that information was in Mike’s head. After the recorded message ended, George immediately realized that Mike’s knowledge would allow Gamma to find cheaper prices from discount suppliers so that it could prepare a bid to build the hotel for a significantly lower price than Sigma’s bid. It was clear to George that if Gamma used the information which Mike learned from Sigma’s document, Gamma would almost certainly have its bid accepted by Global Hotels. George's conscience, however, was uneasy. He wondered how he should respond to Mike's message and what he should do about preparation of Gamma’s written bid that Global Hotels expected in the next few days. --> Using the Secen Step Process of Ethical Decision Making 1. Determine the relevant facts 2. Identify the ethical issues 3. Develop alternatives for resolving ethical issues 4. Identify the stakeholders for each alternative 5. Evaluate the ethics of each alternative 6. Take stock of the practical constraints 7. Decide on and plan th implementation of an alternative.

Homework Help/Study Tips, Others

  • Category:- Homework Help/Study Tips
  • Reference No.:- M9894014

Have any Question?


Related Questions in Homework Help/Study Tips

Discussion recognizing and avoiding plagiarismwhat is

Discussion: Recognizing and Avoiding Plagiarism What is plagiarism exactly? Is it always done on purpose? The rules related to plagiarism can be complex, and there are instances in which people who have unwittingly plagi ...

Question the purpose of this discussion topic is to allow

Question: The purpose of this discussion topic is to allow you to reflect on your audience for your final research-based report and to see how your fellow students' concept of audience may have impacted their reports. Pl ...

Question one of the five elements of emotional intelligence

Question: One of the five elements of emotional intelligence is self-awareness. What behaviors would someone with strong self-awareness demonstrate within the context of leading and managing groups? Provide an example. T ...

Discussion questionpolice commanders will soon have the

Discussion question: Police commanders will soon have the technical capability to sit in the police station and monitor what all of their officers are doing in the field, thanks to miniature video cameras that can be wor ...

Question review all video clips for this week you may have

Question: Review all video clips for this week. You may have noticed that these clips suggest some profound changes are taking place in the way children and adults are being educated. Select one of the readings that migh ...

Assignmentexamine several toys marketed for infants see

Assignment Examine several toys marketed for infants (see package for age ranges; 0-3 yrs). Try to find one good toy and one poor toy. Report on the following: • Describe the toys (you may include a picture of each toy w ...

Question every living entity undergoes a developmental

Question: Every living entity undergoes a developmental process over time. Organizations are no different. What are the key elements of these "organizational life cycles" and how might they affect structure? Think about ...

Question why was the new deal initiated what problems did

Question: Why was the New Deal initiated? What problems did it address? What were some possible unintended consequences of the New Deal? Did the New Deal solve the problems it was designed to solve? Do you believe the le ...

Discussion 1 identify and briefly discuss one

Discussion: 1) Identify and briefly discuss one recommendation that should be followed when using a corporate blog for branding, marketing or public relation purposes? The response must be typed, single spaced, must be i ...

Overviewnow that we have had an introduction to the context

Overview Now that we have had an introduction to the context of Jesus' life and an overview of the Biblical gospels, we are now ready to take a look at the earliest gospel written about Jesus - the Gospel of Mark. In thi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As