Resolving Ethical Business Challenges - Essay Example

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As a way to make progress in his work, Albert is advised by Barry to put his and Mary’s trade before the client. It is a good idea but not fair for the company’s customers. Albert…
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Resolving Ethical Business Challenges
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Resolving Ethical Business Challenges Resolving Ethical Business Challenges Identify the ethical and legal issues of which Albert needs to be aware.
Albert is about to encounter some legal and ethical issues both related to work and his family. As a way to make progress in his work, Albert is advised by Barry to put his and Mary’s trade before the client. It is a good idea but not fair for the company’s customers. Albert encounters more challenges when the wife is relived from duty which means that he has to put twice his effort to sustain the family. On the other hand, the parents from China visit and are not happy about their son’s marriage to a non-Chinese. Barry is also on his neck demanding for the IPO information while the supervisor wants him to buy some stock for the allies with no option.
Discuss the advantages and disadvantages of each decision that Albert could make and has made.
Due to his line of work, Albert makes a good decision to adopt a new lifestyle or rather class in order to look and act successful. He made new friends and this makes the profits in the portfolios to rise. On the other hand, this makes the young family spend a lot of money to maintain the stands. Albert makes a wrong decision by accepting Barry’s request. This costs the wife her job due the email scandal. Albert takes a good step to double his effort in extra business by trading in various high-risk markets but this leads to his uncle’s friends’ portfolios losing badly.
Identify the pressures that have brought about these issues.
A number of factors have influenced the issues facing Albert. The first factor is the new lifestyle that he adopted in order to act and look successful. Albert gains many connections but lastly it seems worthless since the portfolios decrease in value. The pressure from Barry also makes Mary to be mentioned in the email scandal. The portfolios start losing value since he is expected to make up for the loss through the high risk markets. More pressure is exerted on Albert’s side when Barry gets angry and demands for the IPO information. Read More
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