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Law and ethics - Essay Example

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Based on the retrieved information, Jennifer who is in a managerial position at Bananas Company dealing in inexpensive mobile phone experiences the directional change as it lags down in performance. Subsequently she acquires data from Competitor Companies which can help uplift…
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Law and ethics
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Law and ethics

Download file to see previous pages... In the business world, the main reason for setting up an enterprise is to make profits and expand further. In this regard, the prime goal in business is maximizing inputs and limiting outputs within the company (Shaw 15). Business competitions are considered setbacks which require companies to implement brilliant strategies to overcome and remain relevant within the business community. According to the excerpt given, Jennifer can use the information to her business advantage but the success would not be just in that it was achieved in an unethical way. Studies reveal that competitive intelligence may not be unethical but Jennifer is faced by two dilemmas; business prosperity or lack of integrity.
The process of decision making plays a significant role in the running of an organization. For the betterment of the organization, making decisions must at least be based on accurate statistics, scientific studies or certain principals. Being a leader and a level manager, the decisions made by Jennifer will influence those around her. The resolution of the two issues will affect Jennifer, the company as a separate entity and the competitor whose private data is publicized. Being in Jennifer’s position, her integrity as a businessperson will be affected in whatever choice she chooses to undertake. If she chooses to use the competitor’s information, her lack of integrity will render the enterprise’s success unethical. Consequently, if the business is passed to other business partners, they will lose faith in her management skills. Faith from business partners is important especially during transactions since business partners rely on the history of other business partners for decision-making purposes.
The resolution to inform the competitor company of the breach would earn her respect from other partners and likely to have impacts in her business on the long run. The information leak is on the internet which she cannot control but through ...Download file to see next pagesRead More
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