Ethical Dilemma in Consulting Essays - 1406 Words

Ethics in Consulting Ethics dilemmas in consulting Ethics has become an important topic in business today with good reason. Just look at the headlines: Rajat Gupta Scandal, Anil Kumar and Rajaratnam scandal, Enron, Worldcom, Health South, Great depression, financial crisis due to unethical behaviour by the banks etc. All of these cases are related to consultants either directly or indirectly and they occurred due to the moral fallacy of some of them. Ethics is an extremely relevant value in business and consulting. The presence of recognized ethics and/or ethical practices tends to diminish the need for informative or legal/contractual precautions in the formalization of relationships, for both of the parts involved in a†¦show more content†¦For instance, both lawyers and accountants have agreed on profession-specific codes of professional conduct, and physicians still frequently take the Hippocratic oath. Regarding management consultants the professional associations have formulated different sets of ethical rules. The contents of the individual codes either specify what professional conduct is or they indicate what cannot be considered as professional conduct. However, it is also obvious that professional rules only serve as overall ethical guidelines. The consequence of this is that the professional when practising is exposed to several more specific ethical issues for which there is no explicit or written solution. Whether they deserve it or not, it is notable that consultants and their business morals have been questioned and caricatured. Statements such as ``The new witch doctors or ``Consultants are people who borrow your watch to tell you the time and then walk off with it have often been quoted. A headline like ``They change colour according to the environment indicates a certain unreliability. However, it also has to be recognized that consultants often operate in situations characterized by ambiguity, sensitivity and bounded rationality. Therefore it can be expected that recipients in situations where they might be slightly criticized will react withShow MoreRelatedThe Principles Of The Code And The Guide1539 Words   |  7 PagesThe Purpose of the CODE and the GUIDE The objective of the Code is to lay out the ethical commitments made by the aged care systems in addition to the legal obligations that have to be complied. The main aims of the code is - identify and lay out the values that are the basis of the conduct and practice of Aged Care facilities provided under the Aged Care Act; - Clearly lay down the organization’s commitment towards providing care in a manner that is fully respectful of basic human valuesRead MoreEthics Case Study: Clinical Psychologist Essay1244 Words   |  5 Pagesclinical psychologist is faced to ethical dilemmas of teaching a class that he is not competent in teaching, as well as a conflict of interest with the department chair that understands his dilemma, but wants him to abandon his principles and compromise ethics. American Psychologist Association (APA) developed ethical principles and codes to assist psychologist when they are faced with ethical dilemmas. Utilitarianism and Kant’s Formalist Theory are two models of ethical reasoning the psychologist canRead MoreKindred Todd and the Ethics of OD - Case Essay999 Words   |  4 PagesEthical issues in OD involve how practitioners perform their helping role with clients. As a profession, OD always has shown a concern for the ethical conduct of its practi tioners, and several ethical codes for OD practice have been developed by various professional associations. Ethical dilemmas in OD arise around misrepresentation, misuse of data, coercion, value and goal conflict, and technical ineptness. In this case Kindred Todd who had just finished the master’s degree in organization developmentRead MoreKindred Todd Case1375 Words   |  6 Pages535: KINDRED TODD ESSAY MANISH PURI Organization development practitioners face dilemmas each and every day on the job, whether they are value-based or ethical in nature. In terms of values, OD professionals seek to foster a relationship with a client that is based on trust, collaboration, openness. The ability to incorporate the human aspect into each area of the job is just one of the value-based dilemmas OD professionals face. At any given moment, a OD professional may face conflicts fromRead MoreApplying Ethical Frameworks For Practice Essay1221 Words   |  5 PagesApplying Ethical Frameworks in Practice Ethics is an integral part of nursing practice and with an increasingly diverse population today, nurses need to have an understanding of ethical principles to resolve dilemmas in the workplace. Milton (2014) defined ethics as encompassing a methodical approach to decision-making and as a disciplined reflection on the moral choices individuals make. To arrive at an appropriate intervention, nurses and other health care providers must employ an efficient andRead MoreEthical Dilemmas in Workplace1634 Words   |  7 PagesEthical Dilemmas in Workplace Personal values may conflict with ethical decision making if those personal values are different than the organizational norms of the business or institution. Constructing, and maintaining personal ethics in the workplace rests with the individual, and how willing he or she is in assimilating to the evolving cultural dynamic of the corporate world. Many times a person find their personal, cultural and/or organizational ethics conflicting and must reconcile a course ofRead MoreCreating A Custom Motivation Program Or Purchase One Offered By A Consulting1376 Words   |  6 Pages Liberty University â€Æ' Group One – Forum One 1.5 - A sales force manager needs to have information in order to decide whether to create a custom motivation program or purchase one offered by a consulting ï ¬ rm. What are the dilemmas the manager faces in selecting either of these alternatives? The dilemmas facing the aforementioned manager abound. Are there resources available for an in-house proprietary motivation program? Could such a program, if developed and implemented properly, provide theRead MoreEssay about Easy1652 Words   |  7 Pagesmotivation program or purchase one offered by a consulting firm, the manager must consider several different factors. First, the manager must consider the costs associated with both options. Is the cost of labor to create the program less than the cost of purchasing one by a consulting firm? Which option yields a better return on investment? Second, the manager needs to determine how quickly the program needs to be implemented. Purchasing a program from a consulting firm may be the quickest alternative. HoweverRead MoreAn Imposition Of Values By Mary Ann1093 Words   |  5 PagesDr. Peters. Two ethical violations of professional misconduct presented in the case study Two ethical violations of professional misconduct presented in the case study is the welfare of the client and avoid harming the client. According to the ACA Code of Ethic, Standard A.1.a., states that the primary responsibility of counselors is to respect the dignity and to promote the welfare of clients. Marcus pushed Mary Ann too hard by consulting on issues that involved religiousRead MoreProfessional Ethics : My Professional Ethical Model1388 Words   |  6 PagesProfessional Ethical Model Heather Youngs Eastern Washington University My Professional Ethical Model I have reviewed a few ethical models in formulating my own for my professional counseling practice. I first checked the American Counseling Association (ACA) Ethical Model, as well as the American Mental Health Counselor’s Association. I found the ACA’s model to be very helpful in determining what facets and perspectives a counselor would utilize to examine an ethical dilemma with potential

Activity Based Costing Draft - 1651 Words

ABSTRACT This case details a fictional denim processing plant providing the service of custom finishing to denim pants for original manufacturers. The case is a lesson in how interdependencies among products in the production process and the costs associated with those interdependencies can be cost analyzed for management decisions. The retooling of a finishing machine change-over production from an existing stonewash process to accomplish a proposed distressed finishing process for a new customer, is the cost interdependency studied. We explain how marginal costing and full cost activity-based costing (ABC) are used by the controller to present management product optimal (profit-maximizing) production decisions on the proposed†¦show more content†¦See Exhibit 2 at end of text. Kelsey then determined that this analysis could be flawed, because the stonewash finish had always proven to be profitable, but showed to be unprofitable in her analysis. Kelsey identified the pro blem with her analysis as the way she had treated the change-over costs as batch level. She determined they should be classified at the product-sustaining level, since they relate to switching from one finishing process to the other, and are not incurred when Unit#4 is running consecutive batches of the same finish. When treating change-over costs as product sustaining costs, the stonewash only was $.195 per garment and distressed was $.702 per garment. These cost seemed more reasonable. Both processes were profitable, but distressed seemed to be more profitable on a per garment basis in this analysis. However, this analysis still misses key interdependency costs. For her third and final analysis, Kelsey calculated the marginal revenues, or the additional revenue that would be generated for each additional finished unit, and costs of accepting the new order. This final analysis is presented in Exhibit 4. This analysis included subtracting the opportunity cost associated with th e reduction in sales of stonewash garments, since accepting the Guess Who order would result in 50,000 lost sales of stonewash garments due toShow MoreRelatedGÃÆ' ¶gn949 Words   |  4 PagesAccounting - Dumbellow Ltd Dumbellow Ltd Stan Brignall, Aston Business School The Board of Dumbellow Ltd are meeting on the 23rd January to discuss the draft budget for 2000/1, some two months before the start of that year. The company produces three industrial valves which are incorporated into equipment used in the Oil and Gas industry. The draft income statement is as follows: Product X  £k Sales 100k units at  £15 80k units at  £25 120k units at  £10 Materials Labour Overheads Profit/(Loss) 300 700Read MoreBmgt 321 Chapter 5 Homework1973 Words   |  8 PagesBMGT 321 Chapter 5 Homework Click Link Below To Buy: http://hwaid.com/shop/bmgt-321-chapter-5-homework/ ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT 5-16 (20 min.) Cost hierarchy. Forrester, Inc., manufactures karaoke machines for several well-known companies. The machines differ significantly in their complexity and their manufacturing batch sizes. The following costs were incurred in 2014: a. Indirect manufacturing labor costs such as supervision that supportsRead MoreCase Study for Management Accounting36912 Words   |  148 Pagescontrol issues in a changing organization. Kincaid Manufacturing, by Jon Yarusso and Ram Ramanan, discusses supply chain management. 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It is derived from Kamprad’s own initials as well as first letters of the farm and hometown where he was rearedRead MoreTechniques Used For Estimate Cost Based On The Chosen Traditional Method Of Procurement Of Housing Project1046 Words   |  5 PagesThe following summary will outline the possible techniques used to estimate cost based on the chosen traditional method of procurement of housing project, whilst also tying in with the main stages within the RIBA Plan of Works 2013 in the attempt to explore the key tasks, participants involved and their roles as per topic stage. The RIBA Plan of Works 2013 Stages: Stage 0: Strategic Definition. The clients require construction of a two - story, three bedroom detached house within the west midlandsRead MoreTechniques Used For Estimate Cost Based On The Chosen Traditional Method Of Procurement Of Housing Project1050 Words   |  5 PagesThe following summary will outline the possible techniques used to estimate cost based on the chosen traditional method of procurement of housing project, whilst also tying in with the main stages within the RIBA Plan of Works 2013 in the attempt to explore the key tasks, participants involved and their roles as per topic stage. The RIBA Plan of Works 2013 Stages: Stage 0: Strategic Definition. The clients require construction of a two - story, three bedroom detached house within the west midlandsRead MoreProject Budgeting : Project Budget1423 Words   |  6 Pagescomplete the project within this budget. However, the project can be allocated additional budget, but under extreme circumstances. The budget is based on the estimated costs associated with the defined tasks. The steps followed in coming up with this budget are based on the estimated resources assigned to each activity, and the estimated length of each activity. As the initial budget, the estimates are constrained by the funds that the management is willing to spend on this project. Therefore, the providedRead MoreRoutine Cost Report1034 Words   |  5 PagesBrighton School of Business and Management Limited Assignment Session: 2012- 2013 Edexcel BTEC Level 5 Diploma in Supply Chain Management Unit 6 Assignment: Management Accounting: Costing and Budgeting Assignment Introduction In this assignment you will consider cost information both current and future. Cost data will be collected, compiled and analysed, and will be processed into information of use to management. You will also deal with budgetary planning and control, forecasts and budgets. LearningRead MoreA Report On The International Markets And We Are Aiming The Marketplace Of Malaysia1323 Words   |  6 Pageslevel. I have designed each involved staff roles and responsibilities for these promotional strategies and make sure you have a clear clue of each activity’s starting date and ending date, as you will be accountable for each responsible promotional activity. Following this meeting I have arranged another two meetings which would be holding on 01/06/2016 and 15/06/2016. Please ensure you are available during those two days. If you have any inquiries please let me know. Thanks for your corporation YongRead MoreAdvantages of Kaizen Costing4896 Words   |  20 PagesADVANTAGES OF KAIZEN COSTING There are certain basic principles which are followed in various Japanese companies which are listed below: - 1) Focus on  customers: The Kaizen philosophy has only one prime objective of  customers’ satisfaction. Kaizen permits no middle ground its either you provide best products and customer  satisfaction or not. All the activities should aim at providing  customer  with whatever he wants and should help the firm long term objective of  customers’ satisfaction at

Religion and the Israeli-Palestinian Conflict free essay sample

A summary of Judaism, Islam and Christianity, their connection with the Holy Land and the way they tie in with the Israeli-Palestinian conflict. The paper introduces the 3 major religions Judaism, Islam and Christianity. It shows their historical ties to the Holy Land and the significance of these religions to Palestine and Israel. The paper then gives an overview of the history of the Israeli-Palestinian conflict and surmises that the conflict is not a religious one, rather it is a struggle over land. Moreover, to date, these conditions have further deteriorated in that area. The 11 September attacks were carried out by Arabs lead by Osama Bin Laden based in Afghanistan who expressed solidarity with the Palestinian cause for the first time. This also brought into world focus the South Asian region, US attacks in Afghanistan have further highlighted the second most dangerous flashpoint in the world that is between India and Pakistan. We will write a custom essay sample on Religion and the Israeli-Palestinian Conflict or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Palestinian/Israeli conflict and the south Asian situation can further get out of hand if both sides do not act rationally. Evicting one from the area will not solve the problem instead; it will further worsen the situation. Bilateral talks keeping in mind the proposals of both the sides. US can act as the mediator as it is worlds only super power and in spite of all the failures of the recent past can broker a deal between all the concerned parties.