Answer 1. companies use the term “corporate ethics ”to mean many different things. In many organizations, if not the majority, it means compliance with a set of legal and minimum standards. In other organizations, corporate ethics means defining a set of corporate values that are integral to how they go about business. This will be affected the economic environment. According to the case, the decisions were easier in the days when the economics were favorable, but the choices may have to be more limited now which means the economics were not favorable.
The companies should move toward certain ethical goals before the economic crisis. Answer 2. Policy decisions at the very senior level need the sensitivity that IT experts can bring to the table. CIOs will know the capabilities of IT and be able to contribute that to corporate strategy. They will also know the misuses of those capabilities and be able to flag those and prevent the organizations from stepping in scandals. Hanson’s case is good proof for this.
IT developed a system monitor use and block future unauthorized access to the information. IT today can build system that can screen potential subcontractors and vendors to see if they share certain values. Anyway, Technology can help from a monitoring, protection, prevention standpoint in a lot of ways. Answer3. According to the case, the decisions were easier in the days when the economics were favorable, but the choices may have to be more limited now which means the economics were not favorable.
The Essay on Economics for Managerial Decision Making
Certainly, this is likely to happen at some point as the company confronts the burdens of stunning success in a relatively short period of time” (Forbes, 2012, p. 2). Following the death of co-founder Jobs in 2011, Apple’s new management must take careful steps to maintain and grow its market. Strategic Variables Apple Inc. , now headed by CEO Tim Cook, still has the overwhelming customer loyalty ...
The companies should move toward certain ethical goals before the economic crisis. In other organizations, corporate ethics means defining a set of corporate values that are integral to how they go about business. This will be affected the economic environment. Answer 4. The choice should depend on the organizations type, desire , dimensions and so on. In my opinion, the organizations should limit themselves to those scenarios there “good ethics make for good business”. Both the Texas Health Resources and Intel are good examples for it.
