Phase 1 IP 1

Phase 1 Ip 1 Rebecca Lyn Oberstadt INTD670-1304B-04 Leadership and Ethical Decision-Making Instructor Maurice Ivy December 12, 2013   Management, Management! In every business there are many people who play an important part in business decisions. You have the management team, the stakeholders, the project leaders, and more. In the company we are currently working with they have stakeholders that have an active part as well as active participation from management. A stake holder is “A person, group or organization that has interest or concern in an organization.” (Business Dictionary, 2013) A manager is somebody who has to usually approve of deals and contracts before they move further. In this situation the company and its merging company are more or less stakeholders. When somebody becomes a stakeholder for a company “Not all stakeholders are equal. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees.” (Business Dictionary, 2013) They have responsibilities to the company to make sure it is profitable and that it runs smoothly. Most times they have money devoted to the company and want to see a return of their monies paid to keep the company running. Stakeholders are different than normal stockholders. When it comes to business things should be ethical. When it comes to business ethics there are four that should be considered Ethical Egoism, Utilitarianism, Kantianism, Aristotelianism. “The term “Aristotelianism” as applied to texts, contents and contexts of that period is problematic.” (Stanford, 2013) “Egoism can be a descriptive or a normative position. “(Stanford, 2013) “Utilitarianism is one of the most powerful and persuasive approaches to normative ethics in the history of philosophy.”(Stanford, 2013) “The most basic aim of moral philosophy, and so also of the Groundwork, is, in Kant's view, to “seek out” the foundational principle of a metaphysics of morals.“(Stanford, 2013) When you break it down they are similar in their own ways but a bit different. Usually you hear the most about Utilitarianism. It is what most people commonly use. But, as a stakeholder which one should be best? Personally I would use Egoism. I would try to stay neutral in all situations dealing with business. There is no place for an emotional response in business as it can corrupt your views. For U wear I think they normally approach things the Utilitarianism way. Joe uses Kantianism for his relationship with Bill. But, other reps might not find that basing ones business ethics on a relationship is technically ethical. When Joe went to the meeting he offered Bill 12% and a 2 year contract and the continued service that he would have gotten which has always been stellar. But, the management team might not agree with the 12%. Joe needs to find a happy medium. So he pitches to the management team 11%, a 2 year contract, customer service, for every 200 uniforms ordered they will get 5 free. He can also add that any business that Bill feeds Joe will also add to other incentives like 10% additional off his next uniform order, or other perks that UWEAR can provide for him. Joe needs to prove that by losing Bill’s business would be a detriment to the company and the fact that they have other business contracts with UWEAR because of Bill is a reason not to lose his business, but try to keep it. As a manager I would be willing to do almost anything to keep Bills business in lieu of what business he has already brought in. But the practical side of me has to remember a company is out to make money. We want to keep the company happy as well as the customer. We have to pay the employees, pay for supplies, overhead and more. Those things must be taken into consideration before deals giving discounts can be made. What is our cost on each uniform? Can we afford to take a 10% hit on top of the 5 dollar discount we gave the year prior? Being part of the team means you have to make sure everything is covered from the top person to the bottom. Joe has to approach the managers and stakeholders equally and pitch them his idea to keep Bills Business to make sure that everybody has equal opportunity in the company to earn money and keep people happy. We want to keep Bill’s business with his hotel. He refers other hotel chains to join our company by buying our uniforms. The fact that he gives out employees perks at his Hotel is also a bonus. Joe enjoys the personal and professional time he spends with Bill and his staff and family. Losing this account might also hurt their reputation in the business as well and the friendships made the past year.   Bibliography Page Business Dictionary (2013). Stakeholder. From: http://www.businessdictionary.com/definition/stakeholder.html Ivy, Dr.(2013). Phase 1.2 live chat and power point slides. From: https://campus.ctuonline.edu/classroom/Pages/CommonGround.aspx?Class=890465&tid=203#_self Stanford(2013). Aristotelianism. From: http://plato.stanford.edu/entries/aristotelianism-renaissance/ Stanford(2013) . Egoism. From: http://plato.stanford.edu/entries/egoism/ Stanford(2013). Kant's Moral Philosophy. From: http://plato.stanford.edu/entries/kant-moral/ Stanford(2013). Utilitarianism. From: http://plato.stanford.edu/entries/utilitarianism-history/ Phase 1 Individual Project Instructor Comment Mon (11/25) 100 94 A RLO: Good job with your narrative in your paper regarding the stakeholders in this scenario and their responsibilities; along with at least four ethical responsibilities for each stakeholder. Your points were allocated as follows: Included all key points required for a clearly defined argument, issue, or problem - 30 points You identified the stakeholders in the situation and listed the possible responsibilities of each stakeholder. Solutions and concepts are presented in a logical and articulate manner with significant theoretical support - 20 points Counter argument is represented in an objective, scientific way and is clearly articulated - 15 points; Clearly provided a rebuttal to the opposing perspective and provided exceptional support for the original argument - 15 points; Provided quality analysis and critical thinking on the subject. - 10 points; Ideas and concepts are presented in a logical and articulate manner without writing errors. - 5 points; Work is supported with evidence and properly cited using APA style writing. - ; Please make sure to review the sample APA paper before and after writing your discussion. Always, always include citations and corresponding references in your paper to substantiate and reinforce your writings. The information in your head was obtained from sources….please make sure to list your citations and references – nothing just comes from the head…..you were not born with such information. Total Points: 85 / 100