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In: Mechanical Engineering

CO2: Explain the ethical duties and responsibilities of engineers in society related to legal, management and...

CO2: Explain the ethical duties and responsibilities of engineers in society related to legal, management and entrepreneurship aspects

PO9: Apply ethical principles and commit to professional ethics and responsibilities and norms of engineering practice

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As part of their job responsibilities, engineers often have to make decisions related to the financial...
As part of their job responsibilities, engineers often have to make decisions related to the financial well-being of their organization. This includes the process of downsizing: reducing their staff and subcontracting the work/jobs. Some of the reasons for downsizing include: To reduce the cost of production/operations by shifting work to lower-cost wage regions (domestically or internationally). To reduce the cost of production/operations by introducing advanced technologies (e.g. automation) that require fewer employees To gain market share in other regions by...
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