Week 1 Discussion -- Ethical Dilemma
What They Donât Know Wonât Hurt Them!
Revolutionary Electronic Technologies (RET) recently released anew advanced electronic micro system to be used by financialinstitutions, large corporations, and governments to process andstore financial data, such as taxes and automatic payroll payments.Even though RET developed the technology used in the creation ofthe product, RETâs competitors are expected to possess similartechnology soon. To beat the competition to the market, RETintroduced its new micro system a little earlier than originallyplanned. In fact, laboratory testing had not been fully completedbefore the product reached the market. The tests are complete now,and the final results suggest the micro system might be flawed withrespect to how some data are retrieved and processed. The tests arenot conclusive, though, and even if additional testing proves thata flaw does exist, according to RET, it is of minuscule importancebecause the problem seems to occur for only one out of 100 millionretrieval and processing attempts. The financial ramificationsassociated with the flaw are unknown at this time.
Assume that you are one of RETâs senior executives whose annualsalary is based on the performance of the firmâs common stock. Yourealize that if RET recalls the affected micro system, the stockprice will suffer; thus, your salary for the year will be less thanyou expected. To complicate matters, you just purchased anexpensive house based on your salary expectations for the next fewyearsâexpectations that will not be realized unless the newmicrosystem is a success for RET.
As one of the senior executives, you will help determinewhat course of action RET will follow with respect to the microsystem. What should you do? Should you encourage RET to recall themicro system until further testing is completed? What other coursesof action do you suggest?
Below is the answer to one of my classmate. I need toresponses something.
Quality of responses to at least two classmates. Saysomething deep & intuitive, don't just rephrase something youread or another student's posting.
Ethics is expressed through a set of rules that have become moreor less explicit following a set of values displayed by thecompany. And then there is the behavioral ethics, specific to theindividual, which is governed by his values, his beliefs, hisconvictions, and who must conform to the professional practicesexpected in his professional environment. Every day, we questionourselves consciously or not about our behaviors but we are alsoconfronted with situations that do not seem to us necessarilyethical ... The human slips so easily under the pressure and theunconscious fears.
As an executive at RET, the ethical thing to do would be toenforce the recall because it will not only keep our integrity tothe eye of the public but also add to our credibility. Money isalways tempting but being a professional requires to make the rightdecision at the right moment. A mistake was made at the beginningbut we need to save the face of the company. It may seem like aloss now but in the long run it will benefit us. As an executive ialways have to prioritize the customer, therefor not selling them afaulty product. In conclusion, personal gratification does notsurpass the company's long term objectives.
Week 1 Discussion -- Ethical Dilemma
What They Donât Know Wonât Hurt Them!
Revolutionary Electronic Technologies (RET) recently released anew advanced electronic micro system to be used by financialinstitutions, large corporations, and governments to process andstore financial data, such as taxes and automatic payroll payments.Even though RET developed the technology used in the creation ofthe product, RETâs competitors are expected to possess similartechnology soon. To beat the competition to the market, RETintroduced its new micro system a little earlier than originallyplanned. In fact, laboratory testing had not been fully completedbefore the product reached the market. The tests are complete now,and the final results suggest the micro system might be flawed withrespect to how some data are retrieved and processed. The tests arenot conclusive, though, and even if additional testing proves thata flaw does exist, according to RET, it is of minuscule importancebecause the problem seems to occur for only one out of 100 millionretrieval and processing attempts. The financial ramificationsassociated with the flaw are unknown at this time.
Assume that you are one of RETâs senior executives whose annualsalary is based on the performance of the firmâs common stock. Yourealize that if RET recalls the affected micro system, the stockprice will suffer; thus, your salary for the year will be less thanyou expected. To complicate matters, you just purchased anexpensive house based on your salary expectations for the next fewyearsâexpectations that will not be realized unless the newmicrosystem is a success for RET.
As one of the senior executives, you will help determinewhat course of action RET will follow with respect to the microsystem. What should you do? Should you encourage RET to recall themicro system until further testing is completed? What other coursesof action do you suggest?
Below is the answer to one of my classmate. I need toresponses something.
Quality of responses to at least two classmates. Saysomething deep & intuitive, don't just rephrase something youread or another student's posting.
Ethics is expressed through a set of rules that have become moreor less explicit following a set of values displayed by thecompany. And then there is the behavioral ethics, specific to theindividual, which is governed by his values, his beliefs, hisconvictions, and who must conform to the professional practicesexpected in his professional environment. Every day, we questionourselves consciously or not about our behaviors but we are alsoconfronted with situations that do not seem to us necessarilyethical ... The human slips so easily under the pressure and theunconscious fears.
As an executive at RET, the ethical thing to do would be toenforce the recall because it will not only keep our integrity tothe eye of the public but also add to our credibility. Money isalways tempting but being a professional requires to make the rightdecision at the right moment. A mistake was made at the beginningbut we need to save the face of the company. It may seem like aloss now but in the long run it will benefit us. As an executive ialways have to prioritize the customer, therefor not selling them afaulty product. In conclusion, personal gratification does notsurpass the company's long term objectives.
