I need help with a Business question. All explanations and answers will be used to help me learn.
Read “AL” and “THE HONDA AUCTION.” For each incident, you must identify the pertinent facts, the ethical issue(s), all relevant stakeholders and determine how they could be impacted by the decision that will be made, identify and apply at least one principle for ethical reasoning, and then consider alternative courses of action and choose the best course of action based on stakeholder impacts and the outcome of the
Your textbook defines stakeholders as an entity that is benefitted or burdened by the actions of a corporation or whose actions may benefit or burden the corporation. Some common examples of stakeholders would include customers, employees, suppliers, stockholders, and the community.
Businesses will almost always have multiple stakeholders, and many times their interests will conflict. This means that a business decision-maker will frequently have to make a decision in the face of competing claims from different stakeholders. The question of whose interests should be prioritized requires the
You should put yourselves in each stakeholder’s position—Why do they care about the outcome of the decision? How will they be affected? What outcome would they prefer? What are their arguments in support of their preferred outcome? You will want to consider the power, urgency, and legitimacy that each stakeholder presents. Two of the videos below will give you a brief review of stakeholder theory and give you an idea of what skills you will be expected to demonstrate when you complete this assignment. Additionally, writing mechanics and grammar are graded as part of this assignment.
As a reminder, for each incident, be sure to identify all relevant stakeholders and determine how they could be impacted by the decision that will be made, identify and apply at least one principle for ethical reasoning, and then consider alternative courses of action and choose the best course of action based on stakeholder impacts and the outcome of the
These are the links that you may need watch for writing:
The following two words that cover some principles. You need just choose one word’s principles from them and then apply principles to your writing.
The writng section should be 7 pages and one more for reference. You can find extra resources or use content from word file.
These contents that you need read before you start:
The CEO of a Midwestern manufacturing company tells the following story.
I was looking over recent performance reviews in the household products division and one thing that struck me was the review of a star sales rep named Al. I know Al because he handles our Walmart
THE HONDA AUCTION
Dave Conant co-owned and managed Norm Reeves Honda in Cerritos, California. Naturally, he worked closely with Honda marketing executives to get cars for his
Conant faced a decision. If the invoice was paid, the dealership would make a $64,000 windfall. If he refused to pay, the cars would be rerouted to a dealer who was a “player” and future shipments of new Hondas might be slower. He decided to pay the invoice. In his own words: “I believed I had no choice. If I hadn’t paid the amount, I would have incurred the wrath of Dennis Josleyn and possibly some of the other Honda gods, and I believe they would have taken our store down.” 1 C onant was not alone. Honda dealers around the country faced a dilemma. After investing large sums to build new showrooms and facilities and hire employees, they soon found themselves having to choose between two paths. If they gave bribes and kickbacks to Honda executives, they secured a copious flow of cars and made a fortune. On average, a favored dealer made almost $1 million a year in personal