Question

In: Operations Management

Your impression of this problem solving methodology: The RESOLVEDD STRATEGY OF MAKING ETHICAL DECISIONS

Your impression of this problem solving methodology: The RESOLVEDD STRATEGY OF MAKING ETHICAL DECISIONS

Solutions

Expert Solution

Strategy for ethical decision making:

  • Organisation's policies may laid down the provisions for various legislations and guidelines issuued by the goverenment for fair trade practices.
  • obligation to the society at large by stoping anti social practices like oarding, black marketing and adultration etc.
  • fair trade practices and right information to the customers .
  • correct information of financial position of company and protecting the Assets of the shareholders.
  • fair wages and opportunity to growth to the workers and employees.

Strategy of Making Ethical decision by Purchaser

Purchaser department , it is important to take care few guidelines while dealing with his authority;

  • He should not take part in illegal activities like disturbing the quotation, favoring some suppliers and customers, alter the goods sample to get the approval of standardization.
  • the firm's objectives should be kept in our mind while purchasing the order.
  • the transaction should be honestly , correctly and on time

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