Question

In: Operations Management

Assume you are managing a company division in a country where bribes and kickbacks are “customary.”...

Assume you are managing a company division in a country where bribes and kickbacks are “customary.”

  • If your company has a code of conduct that prohibits this, how would you deal with locals who “expect” it.
  • Note that not following custom puts your company at a disadvantage

Solutions

Expert Solution

Hey, I have gone for a brief explanation so that you could understand it better. Please leave a like if you find this answer helpful, it really helps me a lot and motivates me in providing better answers in future. If you have any doubts, please let me know before leaving a dislike I would surely assist you. Thank you!

Their code of ethics is common to all businesses and requires all workers to obey it. This gives the business a true image. It contributes to the preservation of the same culture at all the locations of the organization. In this case, the company is against bribery and kickbacks, while all these acts are customary when we have to run the business in another country. It then generates the ethical dilemma and makes it hard to do.

I just have two choices. First of all, I persuada my managers to do other things as usual, because it would be impossible to run the company in the country if we did not adopt another country's realistic experience.It is therefore necessary to take into account and do as the Romans do in Rome. When I can not adopt this procedure with my parent company. I should either advise the local officers not to do so because it is contrary to the law or to escalate the matter to the high authorities, but I would have only one choice. However, it can take a lot of time. In the second alternative, higher officials will speed up the matter to create further obstacles for the company. But it will help in doing the business by following all the corporate values and norms of the company.

****Please please please LIKE THIS ANSWER, so that I can get a small benefit, Please****


Related Solutions

You are managing a division of a large company. The marketing department submits a report to...
You are managing a division of a large company. The marketing department submits a report to you about the demand for the product you manage. The report includes the following estimated demand​ function: Qd =2,910.0 -11.3 P + 0.050 INCOME- 3.0 (100.4​)    ​(3.2​)   ​(0.012​)               ​(1.0​) where P is the price of your​ product, INCOME is average​ income, Upper P Subscript other is the price of a related​ product, and the numbers in parentheses are the standard errors of the estimated...
Assume that you were just hired as a manager at a company where there are absentee...
Assume that you were just hired as a manager at a company where there are absentee problems with some of the employees. Discuss at least two kinds of reinforcement that you could use to help resolve the situation. Next, summarize at least two strategies that you could use for the frequency of providing reinforcement. Discuss which option you anticipate will work best and explain why.
Assume the Ricardian model where the marginal product of labor in the home country is 3...
Assume the Ricardian model where the marginal product of labor in the home country is 3 in the cheese industry and 2 in the wine industry. The home country has 10 workers. The relative price of wine (Pw/Pc) is 2 after trade. After trade the home country consumes 12 units of wine. Use this information to calculate a. The relative price of wine before trade b.The slope of the production possibilities frontier, where wine is on the horizontal axis and...
Assume the Ricardian model where the marginal product of laborin the home country is 3...
Assume the Ricardian model where the marginal product of labor in the home country is 3 in the cheese industry and 2 in the wine industry. The home country has 10 workers. The relative price of wine (Pw/Pc) is 2 after trade. After trade the home country consumes 12 units of wine. Use this information to calculatea. The relative price of wine before tradeb. The slope of the production possibilities frontier, where wine is on the horizontal axis and cheese...
Assume that the labour demand equation for a fictional country is Ld= 30 – w, where...
Assume that the labour demand equation for a fictional country is Ld= 30 – w, where w is the wage per hour worked. Also, assume that the labour supply equation for that country is Ls= 0.5(w). Instructions: Round your answers to the nearest whole number. a. The equilibrium wage is $__ , and the equilibrium quantity of labour employed is __ workers. b. At the equilibrium wage, ___ people are unemployed. c. If the supply of workers increased, the number...
Assume you are the division controller for Browning’s Cookie Company. Browning’s has introduced a new chocolate...
Assume you are the division controller for Browning’s Cookie Company. Browning’s has introduced a new chocolate chip cookie called Full of Browning’s, and it was a success. As a result, the product manager responsible for the launch of this new cookie was promoted to division vice president and became your boss. A new product manager, Bishop, has been brought in to replace the promoted manager. Bishop notices that the Full of Browning’s cookie uses a lot of chips, which increases...
Assume that you are managing a risky portfolio with expected rate of return of 18% and...
Assume that you are managing a risky portfolio with expected rate of return of 18% and standard deviation of 28%. The T-bill rate is 8%. Your client chooses to invest 70% of a portfolio in your fund and 30% in a T-bill money market fund. a) What is the expected value and standard deviation of the rate of return on his portfolio? [8 marks] b) Suppose that your risky portfolio includes the following investments in the given proportions: Stock A...
Case Study: Assume that the company, where you are working as ateam in Financial Department,...
Case Study: Assume that the company, where you are working as a team in Financial Department, is considering a potential project with a new product that is expected to sell for an average price of $22 per unit and the company expects it can sell 650 000 unit per year at this price for a period of 4 years. Launching this project will require purchase of a $3 500 000 equipment that has residual value in four years of $500...
Case Study: Assume that the company, where you are working as a team in Financial Department,...
Case Study: Assume that the company, where you are working as a team in Financial Department, is considering a potential project with a new product that is expected to sell for an average price of $22 per unit and the company expects it can sell 650 000 unit per year at this price for a period of 4 years. Launching this project will require purchase of a $3 500 000 equipment that has residual value in four years of $500...
Case Study: Assume that the company, where you are working as a team in Financial Department,...
Case Study: Assume that the company, where you are working as a team in Financial Department, is considering a potential project with a new product that is expected to sell for an average price of $22 per unit and the company expects it can sell 650 000 unit per year at this price for a period of 4 years. Launching this project will require purchase of a $3 500 000 equipment that has residual value in four years of $500...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT