Essay Example on Competitive Pricing: Honesty and Commitment

Scenario 1

The core issue presented in the scenario is that of competitive pricing. Due to Sneak's decision to underbid Strech, he creates an issue where the organization will suffer from lost revenue and will hinder its ability to meet is obligation reading maximizing profits.

Principles and Values to be Considered

The principles and values to be considered are honesty and commitment. Sneak's behavior of attempting to re-build his organization's reputation shows the value of commitment. Besides that, Sneak's behavior shows dishonesty because he intentionally underbid the small construction project to help the company remain competitive and viable.

Possible Courses of Action

The course of action would be for Sneak to find a way to recover the money that was lost in the underbid. He should increase productivity and quality issues and make the business successful as it has always been fifteen years prior.

Recommendation to Resolve the Issue

Ways to resolve the issue is for Sneak to make the underbid successful. He could do this by improving on quality issues.

Scenario 2

Core Issue

The core issue here is information leaks. From the scenario, someone or people within the organization are leaking bidding information to competitors. Competitors would be unaware of the company's bid if no employee would leak the information to them. The organization needs to balance their needs and safeguard the future of the workplace.

Principles and Values to be Considered

The principles and values to be considered in the case are respect for employee privacy. The company should only monitor the employees for the purpose of establishing the employee leak and not any other reason outside the scope.

Possible Courses of Action

The possible course of action in the scenario is for the company to hasten its monitoring process before it loses the bid to its competitors.

Recommendation to Resolve the Issue

The best way to resolve the issue is to continue monitoring all the employees because the company has a reasonable and justifiable cause to identify the source of the information leak. However, the organization should ensure that it does not create an atmosphere of surveillance among employees and do not violate the collective bargaining agreements.

Scenario 3

Core Issue

The core issue in the scenario is related to compliance with the company's ethics statement. As an executive director, determining whether to accept the money won from lotteries or not presents a core issue. Even though the company is in dire need of money, it would be an ethical violation to receive the lottery money even if the donation information remains confidential.

Principles and Values to be Considered

Some of the principles and values to consider include honesty and integrity. As an executive director, I have to be honest and not accept the donation because it violates the ethical standards of the company. Another value, integrity, should be a consideration because it will help in upholding company values and foster an ethical approach to decision-making.

Possible Courses of Action. The possible course of action would be to respectfully deny the donation because it violates the company standards.

Recommendation to Resolve the Issue. The way to resolve the issue is to inform the employees that there will be layoffs because of the drop in donations. The announcement would be made in advance to ensure that the employees are aware of the situation and also give them time to strategize on what they will do after the layoffs.