In the particular scenario, there is a need to make necessary recommendation to the CEO about the tender that must be accepted by the company. You have significant personal interest in this tendering firm (Collier, 2015).
Determination of two ethical issues of the case
The basic ethical issue that arises in this scenario relates to the conflict of the interest. The second ethical issue in the case is the high involvement of personal interest of the manager.
Determination of the three ethical principles which might be at risk in the given scenario
The ethical principles that might be at risk in the given scenario include honesty and integrity on part of the manager, professional values and practices of the company, and fair managerial policies relating to the selection of tender (Birt et al., 2008).
Declare an interest and step outside of the decision-making process for this particular tender – This is the most ethical and fair option that must be selected by the manager. By choosing this alternative, the manager’s integrity and honesty would remain intact.
Declare an interest and remain part of the decision-making process and complete your recommendation for your company – The declaration of the manager’s interest would be a good move. But the objectivity of the manager relating to the decision-making power of the manager cannot be ascertained (Demski, 2013). A probable consequence could be his removal from decision-making panel due to resistance from other shareholders.
Don’t declare an interest and continue to do your job by making a recommendation – This unethical method could damage the common interest of the undertaking and the manager (Guy, 1990).
The small business owner has to make a financial payment to an overseas government official. The market entry of the business depends on the official’s assistance in the new market. This monetary transaction seems new for the small business owner but it could be a usual norm in the foreign nation (May, 1990).
Determination of one ethical issue in the case
The ethical issue that arises in the case relates to bribery. Since the government official expects to receive financial gain from the businessman in return for his assistance, it is a key ethical concern.
Determination of two ethical principles of the case
The two ethical principles of the case are honesty and integrity while performing professional activities.
Identified alternative courses of action: Consequences
Make the payment – If the payment is made by the small business owner, most probably his business would flourish in the overseas market. But in future, there is a chance that such future payments would be expected from him (Guy, 1990).
Don’t make the payment – If the monetary payment is not made by the small business owner, he would face stiff challenges to establish his business in the foreign land. But on the ethical front, his integrity would be intact.
Birt, J., Chalmers, K., Beal, D., Brooks, A., Byrne, S. and Oliver, J., 2008. Accounting: Business reporting for decision making. John Wiley & Sons Australia, Ltd..
Demski, J., 2013. Managerial uses of accounting information. Springer Science & Business Media.
Guy, M.E., 1990. Ethical decision making in everyday work situations. Greenwood Publishing Group.
May, W.W. ed., 1990. Ethics in the accounting curriculum: Cases and readings.
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