IntroductionA section leader within Bolt has been discovered to have used the organization's resources for his own personal gain. This misappropriation of company assets by the middle manager, who is the son-in-law of the general manager, resulted in decreased productivity and led to significant trust issues within the company. The purpose of this report is to define the issue of managerial ethics and analyze the individual management functions associated with the problem, as well as suggest recommendations for changing the problem. The management functions of control and leadership will be widely discussed and their relevance to the problem will be assessed. Management theories closely linked to Bolt's corporate structure will be evaluated in order to identify potential solutions to the problem. Furthermore, relevant recommendations regarding actions the company can take to overcome the problem will be considered. Problem Definition An ethical problem exists in a situation in which the actions of one person or organization may harm or benefit others. (Jones, 1991) The problem Bolt faces is that a section chief has violated managerial ethics by using company assets for his own personal gain. This violation resulted in the formation of an ethical issue as it brought the corporate social responsibility of the company into disrepute. Corporate social responsibility refers to the obligation of the organization's management to make decisions and take actions that will improve the well-being and interests of society and the organization. (Samson and Daft, 2012) There is a risk that a culture of theft and fraud will be created, as well as a breakdown in the company's ethical structure... middle of paper... lak, S ., Clayton, M., & Pill, J. (2011). A guide to forensic accounting investigations (2nd ed.). Hoboken, NJ: J. Wiley. Jackson, S., Sawyers, R., & Jenkins, J. (2009). Management accounting (5th ed.). Fort Worth, TX: Harcourt College Publishers.Jones, T. (1991). Ethical decision making by individuals in organizations: An issue-contingent model. The Academy of Management Review, 16(2), 366-395. Retrieved from http://www.jstor.org/stable/258867?seq=1Plunkett, W., Attner, R., & Allen, G. (2008). Management: Meeting and Exceeding Customer Expectations (1st ed.). Cincinnati: South-Western College Pub. Riahi-Belkaoui, A. (2002). Behavioral management accounting (1st ed.). Westport, CT: Quorum Books.Schermerhorn, J. (2010). Exploring management (1st ed.). Hoboken, NJ: Wiley.Williams, C. (2013). Management (7th ed.). Cincinnati, Ohio: South-Western College Pub.
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