Magicant International: An Ethics Case Study

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Essay #: 053281
Total text length is 5,145 characters (approximately 3.5 pages).

Excerpts from the Paper

The beginning:
Magicant International: An Ethics Case Study
1. There are a number of different important stakeholders represented in this situation. The company itself is a stakeholder, as well as all of its employees (including Sam). Magicant International’s board of directors are also stakeholders, as are the company’s shareholders. Likewise, shareholders and employees of Major Motors are also stakeholders. Because his decision will have an impact on them, Sam’s family are also stakeholders in the success or failure of Magicant.
2. Jim’s management style is Machiavellian rather than participatory. In order to ensure that his orders are followed by his team, he imposes his opinions on his employees and does not ask for the opinions of others. According...
The end:
.....tle choice but to reject Jim’s chosen actions or quit his job. The majority of the stakeholders will be served best if Magicant steps away from this bid. If Magicant proceeds with the bid, the only clear beneficiary is actually Jim and Magicant’s shareholders, but only in the short term. In the long term, if the company’s actions lead to disgrace, not only will Sam lose his position (negating the very reasons he felt pressured to agree with Jim in the first place) but the company will lose its ability to secure future financing, contracts or clients.
References
Last name, First initial. (2009). What is Ethics? Business
303. Simon Fraser University.
Wexler, M. (1999). Confronting Moral Worlds: Understanding
Business Ethics. Toronto: Pearson.