Aggressive Sales Quotas or Unfair Business Practice The ethical dilemma of Peter Peter was new in the advertising sector while he was given the position of customer service representative within the serving area of San Francisco. During his service period, he identified that people who are associated with most small businesses spend massive money on the advertisement packaged, which were not quite required as per their operations. Moreover, Peter also noticed that these businesses are spending on expensive packages of advertisements associated with internet services despite having minimum knowledge of the activities of the internet. This made Peter restrict his services as he was unable to fulfill the provided target of selling advertising to a possible extent after he found out that the market of San Francisco was saturated. However, he was constantly pressured from his home office to meet his target. At this point in time, Peter faced an ethical dilemma, as on one side, he was unable to sell services, and on the other side, he received constant pressure (Van Auken, 2016). The only way Peter had to…
Role of ethical decision-making in business- a Case study of Peter Allen Specific dilemmas of Peter As a customer service representative working in the advertisement industry, Peter has faced a considerable dilemma. His main job duties include selling advertisement packages at a high rate to the small businesses. However, he showed the signs of an ethical individual and was rather defensive of the idea that meeting sales target is the sole purpose of an individual in his position. He was aware that the saturated state of the San Francisco market is going to affect the business outcomes. He was also aware that small business firms used to spend thousands of dollars on meaningless advertisements as they were hopeful about the internet boom of 1999. Nevertheless, he wanted to guide the business owners so that they can make the right decisions rather than getting trapped and making huge investments. Despite the constant pressure of meeting the sales targets, Peter acted otherwise. Although, in the beginning, stages, he was rather confused as he was completely new to the industry. Rising competition within…
Ethical dilemma in business and value of moral decision-making Ethical dilemma faced by Peter Peter was working in the advertising industry where the money is the only factor that matters at the end of the day. On the one hand, Peter, as a customer service representative, is supposed to focus on advertising sales. However, he was shocked after knowing that the customers waste money on advertising packages that are not even worthy of consideration. Peter’s boss has already set a sales quota for him; however, he claimed that achieving that quota within the saturated San Francisco market can be a challenge. As a person, he faced obligated towards his customers and wanted them to direct in the right direction. His customers mainly include small business owners, and they cannot afford to spend much on advertising. Despite that, the customers were willing to spend money as they assumed that it would bear results. He constantly pressurized from his senior to meet the sales target. However, he and his team did not have the capacity to choose the type of small businesses…
Business ethics and ethical thoughts – a brief overview In the philosophy of business ethics that came into existence from the 1960s, the term itself refers to the execution of appropriate policies and systems which liquefies the controversial subjects in the firm of business management. Some of the essential points that are considered are corporate governance, discrimination based on prejudicial matters, trespassing, and bribery et cetera. The main objective of business ethics is to establish a trustworthy relationship between the customers and the individuals involved with the business firm. The awareness amongst the consumers regarding the corporate policies and their responsibilities, various social causes, and environmental effects along with the evolution of the consumer-based society complimented the formulation and upliftment of business ethics. (Twin, 2020) The five main principles of ethics are considered to be- Truthfulness and confidentiality Autonomy and consent Beneficence Non-maleficence Justice and truth The schools of ethical thought There are three primary schools of ethical thought outlined. They are- The utilitarian or the consequentialist school The deontological school and The virtual theory The Utilitarian School The consequentiality…
Manufacturing drugs- The necessity of disclosing information on drug packages In the drug manufacturing industry, biotechnology companies are supposed to engage in research and applications while developing new drugs. FDA also proposed that certain kinds of information should be publicly disposed and people possess the right to know what they are consuming. It comes under public health policy as well. In matters of health, there is added responsibility for the drug manufacturing industry because approximately 97 billion is invested in the US biotechnology sector. The need for disclosing information to the public As a drug maker, it is essential to gain the approval of the FDA because newly prepared drugs that might have side effects need to meet the legal requirements. As observed in the case of fertility drugs such as Serophene and Pergonal, previous approval was not taken, and later medical researchers of Stanford University found the risk of ovarian cancer associated with the usage of such drugs. By that time, a lot of women would have consumed Serophene and Pergonal and became a victim without any knowledge or…
The most significant change in the crypto betting industry The current change in the betting industry brought by the growth in blockchain technology has continued to grow around the world. Gamblers have found an easy way to bet with the use of crypto and bitcoin. The betting criteria have been improved since the gamblers can use online platforms powered by blockchain technology. It has brought about platforms that focus on enabling the gambler to get the market prediction of certain games. Other applications using blockchain technology to predict the outcome of matches that they will bet on. This has eventually improved the gambler’s aspect of betting and increased their betting aspect. Besides, the launch of a smart betting guide has helped gamblers to know the best bookmakers and the betting plan to earn huge. In this article, we will guide you on the best crypto sports betting sites and how to bet. How has the cryptocurrency changed the sports betting industry? Cryptocurrency technology has impacted a lot in the betting industry in the form of bitcoin, etherium, and also Litecoin.…
Statement of Purpose to Pursue Master’s in Communication Management at the USC My desire to join the University of South California began when during my high school. The desire was instilled to me by my parents, who often encouraged me to work hard to have a study in the united states, specifically at the University of South California. The encouragement that I often receive from my parents influenced me as a young child, such that I often envisioned working hard in my studies to qualify for further studies at the University of South California. When I was growing up, I was an eager apprentice, working very hard to arm myself with the fundamental knowledge relating to communication management. During my undergraduate course in communication management, I was fortunate to get exposure to the duties and the responsibility that relate to communication management. I had the opportunity to interact with successful individuals in the communication industry that made me more intrigued by communication management, and my interest in my career in the field of communication grew. During my studies in China,…
Why I Deserve to Pursue Master’s in Communication Management at the USC My desire to join the University of South California began during my high school, and it was instilled to me by my parents who used to encourage me on the need to work hard and study in the United States because they believed that the institutions in this nation were a center of exceptional education. The University of South California was known for producing professionals in various fields of study, and its reputation as one of the reasons that built my desire to pursue my master’s degree at the University. My parents used to motivate me, and this ensured my unending zeal to develop my career life at the University of South California. Success in attaining higher levels of education demands hard work, commitment, and having a clear vision and experience in the field of study. When I was growing up, I was an eager apprentice, working very hard to arm myself with the fundamental knowledge relating to communication management. I believed that my enthusiasm for learning would…
A SURVEY ON BIG DATA ANALYTICS ON BIG DATA IN SOCIAL MEDIA Abstract Big data is an essential factor that involves social media such as business, education, industries based information, healthcare department, etc. Social media-based big data gives a large amount of data to manipulate the efforts in social media. The function that manages big data analytics through an efficient way of approaches. An efficient manner of prominent social media data enhanced the performance, accuracy of results along with the style of massive data storage function. In this paper, the data of information enables the machine learning technique, natural language processing, and computational intelligence of big data analytics to manages the descriptive analysis of data analytics. The classification of big data in social media ensembles the uncertainty of big data to detriments the challenges of AI, which provides the sentiment analysis of data analytics, modeling of text mining, and computational evolution of big data analytics in social media. The qualitative analysis of big data in social media enumerates the functions of resources of authoritative analysis. Key Words: Big data,…
Lean manufacturing DEFINITION: Lean manufacturing is a systematic process/method designed to help organizations minimize wastes while maximizing production in a manufacturing system (Feldmeth & Müller, 2019). SUMMARY The idea of lean manufacturing originated from Japan in the Toyota production system (Feldmeth & Müller, 2019). The main aim of lean manufacturing was to eliminate and reduce wastes and, at the same time, add value to the final outputs. In a similar vein, there are different lean manufacturing designs that organizations can adopt depending on their needs and wastes they face. Among the different types of wastes include. Defects that result due to products not meeting stipulated commercial needs. Secondly is overproduction that leads to excess inventory hence high storage expenses. The third type of waste is waiting, which leads to customers being dissatisfied. The fourth type of waste is non-utilized talent, and it happens when an organization does not fully use the skills and expertise of its employees. The next type of waste can occur due to transportation expenses. Therefore organizations ought to have suppliers close to the production plants. Other…