Ethical Issue Analysis: ethical issues that arise in domestic and global business environments
Purpose: In this project, you will assess how two start up companies have come under scrutiny for their actions in operating in today’s business environment. How these companies are operating are pushing the limits or have exceeded the limits of what is considered ethical and legal. In completing this project you will have the opportunity to research the two companies, identify stakeholders influenced by the organization’s decisions and develop and evaluate alternatives, recommend solutions to ensure appropriate business practices and accountability occur
Outcomes met by completing this project:
- identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles
- develop and evaluate alternatives to, and recommend solutions for, ethical dilemmas, taking into account ethical and legal requirements and the essential mission of the business enterprise
- effectively communicate to internal and external business stakeholders the complexities of ethical issues, suggesting and analyzing various solutions in order to ensure appropriate business practices and accountability
Use the following steps to complete the project. You will demonstrate an understanding of ethical concepts and of legal business principles and are required to use the course material to support the ideas and conclusions presented.
Step 1: Silicon Valley Startup Companies
Read the following articles about Silicon Valley startup companies (Theranos, Zenefits and Hampton Creek Foods). Each company discussed in the articles below eventually came under scrutiny for ethical and/or legal issues. Since embroiled in scandal, Hampton Creek Foods has been repositioned and is now known as Just, Inc.
Griffith, E. (2017, December 16). The other tech bubble. Wired. Retrieved from https://www.wired.com/story/the-other-tech-bubble/
Griffith, E. (2017, December 28). The ugly unethical underside of Silicon Valley. Fortune. Retrieved from http://fortune.com/silicon-valley-startups-fraud-venture-capital/
Hartmans, A. (2018, September 5). The rise and fall of Elizabeth Holmes, who started Theranos when she was 19 and became the world’s youngest female billionaire before it all came crashing down. Business Insider Retrieved from https://www.businessinsider.com/theranos-founder-ceo-elizabeth-holmes-life-story-bio-2018-4
Suddath, C. and Newcomer, E. (2016, May 9). Zenefits was the perfect startup. Then it self-disrupted. Bloomberg. Retrieved from https://www.bloomberg.com/features/2016-zenefits/
Step 2: Overview of Companies
Provide a company overview for Zenefits and Theranos. Describe the purpose(s) for the founding of the company; i.e., what problems was it formed to solve and/or opportunities it was formed to exploit, who are the founders, home country or state, management, etc.
Step 3: Ethical or Legal Issues
You will research each company to establish the facts of each situation. Once you have established the facts surrounding the decisions made by Theranos and Zenefits:
• Identify and discuss the ethical issues associated with each company.
• Identify and discuss the legal issues associated with each company.
Step 4: Stakeholders
• Identify the stakeholders associated with each company and explain the impact of the company’s decisions on the specific stakeholders.
• Discuss how the stakeholders reacted to the decision(s) made by each company.
Step 5: Generate Alternatives
From what you have read, the startup culture poses a host of temptations creating a never-ending series of ethical choices and dilemmas. Companies are faced with the challenges of venture investors who expect hyper-growth and quick results. For privately-held companies, self-reporting, unaudited financials is an option as is not reporting, and the media serves to promote an attractive opportunity. Lastly, it is easy to rationalize behavior when the expectation is that entrepreneurs set the world on fire with innovative, disruptive technologies that promote overlooking rules and one’s moral compass.
Like many business people, some Silicon Valley decision makers need help in recognizing the ethical dilemmas they face when doing business and understanding the need for following rules and setting ethical standards. You will:
• Generate and discuss at least three viable alternatives to help Silicon Valley startup companies operate and behave ethically. In doing so, it is necessary to consider the ethical and legal requirements.
Step 6: Evaluate Each Alternative
• Examine the benefits and drawbacks of each proposed alternative. Provide careful consideration to the factors that influence the outcome of each alternative.
Step 7: Recommend the Best Alternative
• Once you have evaluated each alternative, recommend the best alternative that ensure appropriate business practices and accountability.
• Explain how Silicon Valley startup companies will effectively communicate this change to internal and external business stakeholders.
Step 8: Review the Paper
Read the paper to ensure all required elements are present. Use the grading rubric to ensure that you gain the most points possible for this assignment.
Proofread the paper for spelling and grammatical issues, and third person writing.
How to Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font. The final product will be between 8 pages in length excluding the title page and reference page. Write clearly and concisely.
Completing the Paper
In order to complete this project, you will want to first read the module, Learn How to Support What You Write, as this assignment requires you to use the course material to support what you write. Also,
• Read and use the grading rubric while completing the exercise to ensure all requirements are met that will lead to the highest possible grade.
• Third person writing is required. Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person.
• Contractions are not used in business writing, so do not use them.
• Paraphrase and do not use direct quotation marks. Paraphrase means you do not use more than four consecutive words from a source document. Instead put a passage from a source document into your own words and attribute the passage to the source document. Not using direct quotation marks means that there should be no passages with quotation marks and instead the source material is paraphrased as stated above. Note that a reference within a reference list cannot exist without an associated in-text citation and vice versa. You may not use more than four consecutive words from a source document, as doing so would require direct quotation marks. Changing words from a passage does not exclude the passage from having quotation marks. If more than four consecutive words are used from source documents, this material will not be included in the grade and could lead to allegations of academic dishonesty.
• You are expected to use the case scenarios and course material to develop the analysis and support the reasoning. There should be a robust use of the course material and case scenario facts. Material used from a source document must be cited and referenced. A reference within a reference list cannot exist without an associated in-text citation and vice versa. Changing words from a passage does not exclude the passage from having quotation marks. If more than four consecutive words are used from source documents, this material will not be included in the grade and could lead to allegations of academic dishonesty.
• Use in-text citations and provide a reference list that contains the reference associated with each in-text citation..
• Provide the page or paragraph number in every in-text citation presented. If the course material does not have pages, provide the chapter title and topic heading.
Grading Rubric (Criteria for ‘A’ grade)
Overview of Companies
Writes a thorough and correct company overview for two companies that describes the purpose for the founding of the companies, names of the founders, country or state of companies, management of companies and any other critical information using the research to support the information presented.
Identify and discuss the ethical issues related to the two companies
Thoroughly and correctly identifies and discusses the ethical issues related to the two companies using the course material AND facts from research to support reasoning and conclusions.
Identify and discuss the legal issues related to the two companies
Thoroughly and correctly identifies and discusses the legal issues related to the two companies using the course material AND facts from research to support reasoning and conclusions.
Identify the stakeholders associated with each company and explain the impact of the company’s decisions on the specific stakeholders
Thoroughly and correctly identifies the stakeholders associated with each company and explains the impact of the company’s decision on the specific stakeholders using the course material ANDfacts from the research to support reasoning and conclusions.
Discuss how the stakeholders reacted to the decision(s) made by each company.
Thoroughly and correctly discusseshow the stakeholders reacted to the decision(s) made by each companyusing the course material AND facts from the research to support reasoning and conclusions.
Generate at least three viable alternatives to help Silicon Valley startup companies operate and behave ethically
Thoroughly and correctly generates more than three viable alternatives to help Silicon Valley startup companies operate and behave ethically and uses the course material AND facts from research to support reasoning and conclusions.
Examine the benefits and drawbacks of each proposed alternative. Provide careful consideration to the factors that influence the outcome of each alternative
Thoroughly and correctly examines the benefits and drawbacks of each proposed alternative and provides careful consideration to the factors that influence the outcome of each alternative using the course material ANDfacts from the research to support reasoning and conclusions.
Recommend the best alternative.
Thoroughly and correctly recommends the best alternative using the course material AND facts from the research to support reasoning and conclusions.
Explain how Silicon Valley startup companies will effectively communicate this change to internal and external business stakeholders
Thoroughly and correctly explains how Silicon Valley startup companies will effectively communicate this change to internal and external business stakeholders using the course material ANDcase scenario facts to support reasoning and conclusions.
Attention to Instructions
The paper contains all major assignment tasks. The paper also includes completion of all minor aspects of the assignment such as third person writing, missing page/paragraph number, no direct quotes, headings, and assignment formatting.
COURSE MATERIAL to choose from is below (ALL MATERIAL CAN BE GOOGLED)
The Business Ethics Workshop (2012) Washington, DC: The Saylor Foundation, Chapter 1: What Is Business Ethics? (pages 4-32)
Chapter 3: Theories of Consequence Ethics: Traditional Tools for Making Decisions in Business When the Ends Justify the Means (pages 91-125)
Chapter 4: Theories Responding to the Challenge of Cultural Relativism (pages 137-176);
Ethical Issues, Ethical Dilemmas, & Legal Issues;
Culture: The Key to Corporate Governance;
Corporate culture: The second ingredient in a world-class ethics and compliance program;
The two-year Wells Fargo horror story just won’t end;
Tippee Insider Trading after Newman and Salman : Why Knowledge Is Not Always Your;
Insider Trading: Examining Tipper and Tippee Liability;
60 Minutes Flash Boys – High Frequency Trading;
Socially-Responsible Investing for Long Term Safety and Returns: Tom Van Dyck at TEDxNewWallStreet;
Why Creating Wealth Is Not Exploitative;
What’s in a Name? Regulation Best Interest v. Fiduciary;
OSHA’s Wall of Shame: Agency Targets ‘Severe Violators’;
The Top 10 Bizarre Workers’ Compensation Cases for 2015;
Kareem Hunt faces more than baseline six-game suspension;
The silent killer of workplace happiness, productivity, and health is a lack of basic civility;
Chris Porath – “Mastering Civility: A Manifesto in the Workplace,” WJLA Interview;
Thinking About Using Payroll Debit Cards? Read This First;
New Overtime Rules Suspended for Now;
Are ESOPs Good Retirement Plans?;
The Pregnancy Discrimination Act and the Supreme Court: A Legal Analysis of Young v. U nited Parcel S ervice;
Legal discrimination in four letters: BFOQ;
The strange loophole that lets Hooters hire only female servers;
Is it okay to hire cooks to match the cuisine? (part I);
Resources Legal Alerts Newsletters Articles Blogs Mobile Apps Subject-Matter Booklets State Law Guides Newsletter PDF EEOC Settles Beef With Restaurant;
The Hidden Obstacle to Great Corporate Culture: Unconscious Bias;
Former Hooters Waitress Awarded $250,000 in Racial Discrimination Case;
Lifestyle Discrimination: Is it Legal?;
8 Ways Employers Can Discriminate Against Workers – Legally;
Anne Arundel Medical Center Won’t Hire Smokers In The Future;
Pay Transparency Is The Solution To The Pay Gap: Here’s One Company’s Success Story;
If a Law Bars Asking Your Past Salary, Does It Help or Hurt?;
Employers Must Use Caution When Basing Pay Decisions On Prior Salary History;
Schumpeter: ESOP – When Workers Are Owners;
Employee Rights When Working for Multinational Employers;
EU to push for 40% quota for women on company boards;
EU workplace headscarf ban ‘can be legal’, says ECJ;
The Importance of Patents: It Pays to Know Patent Rules
Why Patent Protection In The Drug Industry Is Out Of Control
Is a Patent a Monopoly? —Antitrust Considerations
First-To-File Patent Law Is Imminent, But What Will It Mean?
Off-label Use: The Fine Line Between Illegal Promotion and Useful Information
The Danger Of Loosely Regulated Supplements
Unregulated supplements send thousands to hospital each year
The ethics of global clinical trials In developing countries, participation in clinical trials is sometimes the only way to access medical treatment. What should be done to avoid exploitation of disad
IRB Considerations for Investigator – Initiated Research
Supreme Court lets pay-to-delay ruling against pharma stand
Appendix K Antibiotics In Animal Feeds
Ethical dimensions of the prescription opioid abuse crisis
The War on Opioids: An Ethical Perspective
What’s Ethical About Whistleblowing?
JPMorgan Whistle-Blowing Case Resulted in Record $30 Million Award
5 of the most famous federal whistleblowers
The Most Offensive Urban Outfitters Products to Ever Exist
Sorry About That: Wells Fargo to End Ads Suggesting Science Over Arts
Update: Hyundai Apologizes For Car Ad Depicting Attempted Suicide
Ikea apologises over removal of women from Saudi Arabia catalogue
False Claims to Making One Healthier, Richer, Younger–illegal
14 False Advertising Scandals That Cost Brands Millions
Controversial Lollipop Ad Goes Up in Times Square
FTC to Crack Down on Deceptive Weight-Loss Ads
The fall of “anti-aging” skin care
FTC Action Puts Deceptive Marketer Out of the Debt Relief Business
Federal Trade Commission Act Section 5: Unfair or Deceptive Acts or Practices
Exploitive/Dangerous to Children & Vulnerable Populations
Exploitative Advertising Campaigns are Targeting our Children
Monster drinks: Are the energy drinks marketed to children?
E-Cigarette Ads Target Millions of Kids, CDC Says
Study eyes candy-flavored e-cigarette ads targeted to kids
Stealth Advertising/Conflicts of Interest/Biased Reviewers
Astroturfing: Government shills are flooding the web
The Never-Ending War on Fake Reviews
The Real Problem with Mommy Bloggers
Theme 2: Ethical Issues Related to Brand Protection
Controversial caffeinated products
5 Lessons Learned From Mattel’s Lead Paint Crisis
Doing Well By Doing Good
Choking Hazards: Are Current Product Testing Methods for Small Parts Adequate?
Assembly & Manufacturing Problems
An Empirical Examination of a Multinational Ethical Dilemma: The Issue of Child Labor
Ethical diamonds: What Conscientious Consumers Need to Know
Conflict Minerals and Firms’ Ignorance Over Their Supply Chains
Tim Cook to talk consumer privacy and data ethics at European data protection conference later this month
Uber’s Surge Pricing: Is it Ethical?
At sentencing, cantaloupe growers apologize for deadly listeria outbreak
For first time, company owner faces life sentence for food poisoning outbreak
Business Ethics Alive: Blue Bell vs Peanut Corporation of America
2.5 million pounds of taquitos recalled for salmonella, listeria concerns
Jennifer Golbeck The curly fry conundrum Why social media likes say more than you might think
Bias already exists in search engine results, and it’s only going to get worse
Facebook has revealed the hyper-specific internal rules it uses to police content
Net neutrality rules are likely doomed, but the debate isn’t going away
California is on the verge of passing a sweeping new online privacy law targeting Facebook, Google and other tech giants
The Complicated Ethics of Data-Breach Disclosure
Equifax Breach Exposed More Consumer Data Than First Disclosed
The cost of data security: Are cybersecurity investments worth it?
The ethics of Hacking 101
US v Europe – a cultural gap on the right to be forgotten
Tracking The Trackers
What happens to your digital assets when you die?
Technology as a Threat to Privacy: Ethical Challenges to the Information Profession
FDA medical device plan zeros in on cybersecurity, public-private partnership
Ethics and advanced medical devices: Do we need a new approach?
European Union hits Google with record $5 billion fine in Android antitrust case
The 10 Biggest Data Breaches of 2018… So Far