*As an employee with less than one year of experience in a firm, what actions would...

*As an employee with less than one year of experience in a firm, what actions would you pursue if you encountered unethical practices by a strategic leader?
*Select an organization, social group, or volunteer agency of which you are a member that you believe has an ethical culture. What factors caused this culture to be ethical? Are there any events that would cause the culture to become less ethical? If so, what are they?
*Do firms encounter ethical issues when they use internal corporate-venturing processes to produce and manage innovation? If so, what are these issues?
*Small firms often have innovative products. When is it appropriate for a large firm to buy a small firm for its product innovations and new product ideas?

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Expert Solution

>> When employees have very less experience, companies usually don't give much importance to what they say. In such a scenario, laying aquisitions on senior employees would harm new employee itself. To highlight the unethical issues, the new employee can report the event being anonymous. The other way would be conveying the issue through another senior employee who encourages ethical practices.

>> I opine that the organization, I currently work is ethical. The factors which made it ethical are:

The policies and processes followed by the company. They are fair, transparent and ethical.
The leaders of the company are ethical and lead by example
Strong whistle blower policy to report any unethical practices

>> Internal - corporate venturing creates a competition and comparison among colleagues at same level. To grow up in the organization, they might resort to unethical practices and project themselves before top management as top performers. These prove detrimental to the company over some time. There are also chances that competition might create disconnect among employees and exchange of ideas and information would stop, which is not a good thing for an organization.

>> It is suggested to buy a small firm for its innovative ideas:

When it is time taking and lot of effort for the large company to create the innovative product already developed by the small firm.
When the products developed by small firm would add value to the large firm and would bring profits.

keosha answered 1 year ago

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