Evaluate the balance between fiduciary and social responsibilities.
Upon successful completion of this discussion, you will be able to:
- Evaluate the balance between fiduciary and social responsibilities.
- Appraise situations containing ethical and legal compliance issues.
- Synthesize the interrelatedness of biblical principles and the ethical and legal fabrics in American society.
- Examine the usefulness of specific ethical frameworks to decision making.
Instructions
- Read Chapter 5 in your Meeting the Ethical Challenge of Leadership textbook.
- Read the article: Fiduciary Duty and Social Responsibility.
- Watch Onshoring vs. Offshoring (Outsourcing Domestically vs. Abroad): One Minute Explanation/Comparison.
- Read the article: Janitor Uprising highlights tensions over outsourcing.
- After engaging with the resources above, focus on the prompts below that coincide with the first letter of your last name.
Last Name A-M
You are the financial manager of Inotech Corp. Inotech provides goods and services for a wide range of customers and many products contain proprietary information in which confidentiality is important. The CEO has expressed the desire to trim operating costs. At the next board meeting you are to present your ideas.
Your best idea has been to “outsource or onshoring” your janitorial staff to a large but local janitorial service. Inotech’s janitorial team consists of 20 employees at the Indiana facility and 20 employees at the Ohio facility.
Your post will be your argument of why outsourcing janitorial services will be the best way to trim costs. Be sure to utilize your guidelines for negotiating that you developed in Workshop 3.
- Define outsourcing/onshoring.
- Analyze and construct at least two clear and well-supported arguments for outsourcing the janitorial service to a local company.
- Identify and apply one ethical framework from Chapter 5 that supports your stance on outsourcing (Utilitarianism, Kant’s Theory, Justice as Fairness, Pragmatism, and Altruism).
- Demonstrate how your stance is ethical for the company based on the application of your ethical framework.
- Discuss the fiduciary duties and social responsibility at play in this situation.
Last Name N-Z
You are the production manager of Inotech Corp. Inotech provides goods and services for a wide range of customers and many products contain proprietary information in which confidentiality is important.
It has come to your attention that the CEO has expressed the desire to trim operating costs. You have heard that the Financial manager has decided to present the idea of “outsourcing/onshoring” the janitorial staff to a local service. Inotech’s janitorial team consists of 20 employees at the Indiana facility and 20 employees at the Ohio facility.
You plan to attend the meeting to express why you believe this is not the best option.
Your post will be your argument of why outsourcing janitorial services will not be the best way to trim costs.
Be sure to utilize your guidelines for negotiating that you developed in Workshop Three.
- Define outsourcing/onshoring.
- Analyze and construct at least two clear and well-supported arguments for not outsourcing the janitorial service to a local company.
- Identify and apply one ethical framework from Chapter 5 that supports your stance on outsourcing (Utilitarianism, Kant’s Theory, Justice as Fairness, Pragmatism, and Altruism).
- Demonstrate how your stance is ethical for the company based on the application of your ethical framework.
- Discuss the fiduciary duties and social responsibility at play in this situation.
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