Discussion: Principles of Management
Respond to the following questions using the lessons and vocabulary found in the readings.
You should use brief headings to separate your post into the four sections.
Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in another country overseas. The outsourcing of this piece of equipment has saved your organization a considerable amount of money and has increased profits by 15%.
A recent newspaper article has revealed that this overseas firm is paying their employees only a few dollars a day, and their employees often work long hours. While you are not the only company that uses this firm, your company was specifically named in the newspaper article. You have been asked by your CEO to make a decision on whether or not to continue to do business with this firm.
Select one of the following bullet points for your initial post:
1) Discuss the ethics of continuing to do business with this firm. In this discussion evaluate the economic, legal and ethical issues. Describe how a written code of ethics might impact your decision.
2) Describe any factors you would consider in making a decision to continue or discontinue doing business with this organization. Include any factors that might seem relevant but are not actually relevant.
3) State the process you would follow to make your decision, provide your decision, and explain the decision-making style you have used.
4) Prepare a SWOT analysis of your decision.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.