Stepping away from a company that has brought sales up to an increasing 15% will take courage. Will you have the courage to stand for what is right for the current workers working for a company that is working long hours and a few dollars a day or continue doing business that may cause backlash from the media and public? You are responsible for deciding if you will continue to do business with this company by your CEO while also having the name of your company in the local newspaper as doing business with equipment manufacturing company that doesn’t treat their employees with standards and morals.
Ethics The company has standards to abide by and to conduct interactions with other companies. “Ethics is the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong” (Daft 2012, pg. 123). Continuing to do business will have its disadvantages. Many clients that are currently doing business with the company will look at the company’s decision to see if they will continue to do business. Managers are looked upon as role models of the organization and to set the standard ethics of a company (Daft, 2012).
Making this decision isn’t just about you as a manager but your decision also stands for the employees of the company, shareholders, stakeholders, and customers (Daft, 2012). Prepare for backlash if you decide to continue to do business with a company that treats their workers like slaves. Every company has a code of ethics to abide by with any given situation and to go against the code which your company stands for will turn many believers in your company away. The company will experience a decrease in profits turning away from the company that has brought the company an increase of 15% of profit and a substantial amount of money.
Now with losing 15% of profit, it will affect the money for the company. The company may not be able to employ as many workers as before with the substantial amount decreasing. Investors may look at this decrease as the company not holding its profit and value as it once did. While losing this profit, the company now has to find a way to make up for the loss of the profit. To continue to do business with this company, you have to decide if you would break any laws while continuing to do so. The equipment manufacturing company isn’t the responsibility of your company.
The company doesn’t have a code of ethics or moral rights for workers. Is that the responsibility of your company? It’s not the company’s responsibility to handle the ethics for the company but to stand by the codes and morals that their company is based on. Continuing to do business with this company will not be breaking any laws. As a company that stands behind the code of ethics and morals, it would be best to part ways from this company to avoid breaking legal laws and company standards.
As a manager, one has to make decisions for a company and will this benefit the company. Walking away from doing business with this company would be best. As a company not only is standing behind the code of ethics and morals of a company, one also has a reputation to maintain. Taking a stand and parting ways will keep a company’s reputation intact. Having been involved with this company, many people are going to look to see what decision a company such as yours would take. Maintaining your reputation within the business community is a must.
Parting ways with this contract with the previous company may bring another company to offer a contract at the same price because of the way you handled the outcome of the previous company. To come to my final decision, I would approach it in a nonprogrammed decision and utilitarian approach. “A nonprogrammed decision is one made in response to a situation that is unique, is poorly defined and largely unstructured, and has important consequences for the organization. Decisions differ according to the amount of certainty, risk, uncertainty, or ambiguity in the situation (Daft, 2012, pg. 36).
Making this decision for the company, I have to look at all angles. Will my decision ruin the company or will it enhance the company. This isn’t a decision that can be done overnight. This decision isn’t based on one person but a company. Allowing myself to make the best decision for the greatest outcome for the greatest beneficial for the company. Allowing myself a week to weigh my options and once my decision has been made, present them to the company so they can see why I came to this decision. My decision would be to part ways with this company for the good of my company.