Exam 3: The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Which forces are part of the macroenvironment?

Fewer children are interested in learning how to play a musical instrument,and young people having less interest in owning cars.These two trends are examples of ____ forces at work.

This question has two parts;be sure to answer each one.First,what are stakeholders,and why is it important for managers to understand this concept? Second,describe the stakeholders at a nonprofit organization,Just Say No Way,whose employees travel to grammar schools to talk with students about the dangers of drugs.

Greg,the president of an IT company,is friends with Jack,the CEO of HyperTech,a company that develops and manufactures computer hardware.Jack tells Greg that HyperTech is about to announce the creation of a revolutionary new computer processor that will quadruple processing capacity and cause HyperTech's sales and profits to skyrocket.Greg then purchases a large number of shares of HyperTech company stock before the news of the new computer processor is made public.In which illegal activity has Greg engaged?

Mr.Smythe,a wealthy businessman who made his fortune in the oil industry,understands the importance of a college education,so he has donated over $10 million over the last several years to colleges and universities.Mr.Smythe's actions are an example of

Sustainable economic development

To focus on improving company customer service this year,the CEO of a pet food manufacturer outlined a list of stakeholders to concentrate on: distributors,local communities,and the mass media.These three groups are

Changes in the economic,political,legal,and technological global system that may affect an organization are ______ forces.For example,stresses within the European Union (including the United Kingdom's recent decision to exit the EU)may have global ramifications.

This question has three parts;be sure to answer all three.First,contrast the "holier-than-thou" effect and motivated blindness.Second,explain how both concepts might apply to the following situation: "Glenn is the president of the senior class,and he is having a very busy semester,trying to balance his coursework and his internship at a major company.He can't find the time he needs to write a term paper for his history course.To save himself time,he decides to buy a prewritten paper from a website that sells papers for a hefty fee." Third,explain the dynamics behind cheating.

The general environment,or macroenvironment,includes six forces: economic,technological,sociocultural,demographic,political-legal,and international.

As businesses are going green today,sustainability programs have produced environmental benefits,but unfortunately,they have also resulted in higher costs and lower revenues,and at times,they have hurt organizations competitively.

Marie and Marti are partners who solely own M and M Florist.As owners,they can

_____ forces affect the way politics shape laws and the way laws shape the opportunities for and threats to an organization.For example,some cities in the United States (including New York and San Francisco)have set the minimum wage far above the federally mandated minimum wage.

Just before introduction of a new revolutionary laptop,the Top205 by Top Computers,Greg,the CEO of Top,was informed that a problem with a part inside the Top205 may cause reliability issues.Greg knows that correcting the problem will delay the introduction of the product,and be expensive due to possible order cancelations and added advertising costs.But he also knows that allowing the new flawed computer into the market will affect Top Computers' reputation.Greg's decision whether to delay the introduction of the Top205 or proceed as planned is an example of an ethical dilemma.

Which of the following is an example of a green policy or action?

The company that Don owns,the Ardmore General Store,is a family-owned company that has been in business for more than 100 years.Don wants to give back to the people of the community to acknowledge their role in the store's success.He decides to donate a significant portion of the store's profits to a charity every year.Don's decision is an example of ___ in action.

As the CEO of a company that produces products for schools,Hannah believes that her company needs not only to produce a profit but also to do things that benefit society._______ guides Hannah's beliefs.

Ole McDonald,a successful farm equipment supply company in the Midwest,has joined forces with A-Plus Supply,a national hardware and home retailer.As a result of this new relationship,Ole McDonald can open stores in other regions and A-Plus can now offer a high-quality product in the farm community.Ole McDonald and A-Plus Supply are now

Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting the stream helps farmers in the short term.However,farmers will act ethically in the short run to avoid harming others in the long run because doing so is also in the farmer's best long-term interests.This type of thinking reflects the _____ approach to deciding ethical dilemmas.

To increase profitability,top management of a national retailer needs to decide if it will close several stores.Management knows that by closing the locations,it will save the company millions of dollars and benefit many stockholder groups and individuals.The benefits of closing the stores outweigh the benefits of keeping them open.Keeping the stores open would be advantageous for many fewer people than closing the stores.This logic is an example of the ___ approach to deciding ethical dilemmas.