Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

To help corporate employees judge their actions, The George S. May International Company provides 6 basic guidelines to consider when making a legal/ethical decision in business: the law, rules & procedures, values, conscience, promises, & heroes.

MAKING EHTICAL BUSINESS DECISIONS- The George S. May International Company has provided six basic guidelines to help corporate employees judge their actions. o 1. The laws: Is the action you are considering legal? If you do not know the laws governing the action, then find out. Ignorance of the law is no excuse o 2. Rules and Procedures: Are you following the internal rules and procedures that have already been laid out by your company? They have been developed to avoid problems. Is what you are planning to do consistent with you company’s policies and procedures? It not, stop. o 3. Values: Laws and internal company policies reinforce society’s values. You might wish to ask yourself whether you are attempting to find a loophole in the law or in your company’s policies. Next, you have to ask yourself whether you are following the “spirit” of the law as well as the letter of the law of the internal policy. o 4. Conscience: If you feel any guilt, let your conscience be your guide o 5. Promises: Every business organization is based on trust. Your customers believe that your company will do what it is supposed to do. The same is true for your suppliers and employees. Will your actions live up to the commitments you have made to others, both inside and outside the business o 6. Heroes: We all have heroes who are role models for us. Is what you are planning on doing an action your “hero” would take? It not, how would your hero act?

Out of these 6 guidelines which do you think is the most important? (Provide an example of a time you have wrestled with one or more of these guidelines)

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93107628

Have any Question?


Related Questions in Operation Management

1 can you share 3 theoretical concepts or theories you

1. Can you share 3 theoretical concepts or theories you applied to capsim (Business Simulations and Assessments Applications) during the simulation? How? 2. How are digital communication devices (cell phones, e-mail, and ...

The us presently faces the most age-diverse workplace it

The US presently faces the most age-diverse workplace it has ever seen. Adding to this, Gen Y (Millennials) are a global cohort. Through technology, some general attitudes of this generation now pervade cultures around t ...

A sporting goods company has a distribution center that

A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics: Average demand = 230 units per day, with a sta ...

The hr department at the itech company offers a job

The HR department at the iTech company offers a job position to Kim Jones. She will start the new job after three weeks. As an IT department member, you were asked to set up an orientation for her, including meeting with ...

Make a few projections about where you see the global

Make a few projections about where you see the global economy headed in 2035. Will there be greater concern for poor nations? Will the US and China hold their positions of dominance, along with the EU (non militarily). I ...

Explain mis infrastructure and some ways it ensures

Explain MIS infrastructure and some ways it ensures continuous business operations. Identify the environmental impacts associated with MIS. Describe a database, a database management system, and how they are different th ...

Club pro golf products was a distributor of golf products

Club Pro Golf Products was a distributor of golf products. It employed salesmen who called on customers to take orders for merchandise. The merchandise was sent by Club Pro directly to the purchaser and payment was made ...

Livingston tools a manufacturer of battery-operated

Livingston Tools, a manufacturer of battery-operated, hand-held power tools for consumer markets, has a problem. Its two biggest customers are “big box” discounters. Because the customers are fiercely price competitive, ...

Sexual orientation no federal laws currently prohibit

Sexual Orientation No federal laws currently prohibit sexual orientation discrimination in private workplaces in the United States, but many cities, states, and organizations do prohibit such discrimination. Indeed in mo ...

Chip davis has been running his car dealership business

Chip Davis has been running his car dealership business successfully for five years. This year, he started to suffer losses because some of his customers have defaulted on their payments. At the end of the third quarter ...

  • 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