Question

1. When he was CEO, Hurd wrote in the Standards of Business Conduct at HP that “We want to be a company known for its ethical leadership....” His message in the preface continued: “Let us commit together, as individuals and as a company, to build trust in everything we do by living our values and conducting business consistent with the high ethical standards embodied within our SBC.”

What is the role of trust in business? How does trust relate to stakeholder interests? How does trust engender ethical leadership? Evaluate Mark Hurd’s actions in this case from an ethical and professional perspective.

2. Despite hundreds of pages of policies, codes of ethics, organizational values, and carefully defined work environments and company culture, lapses in workplace ethics occur every day. Explain why you think these lapses occur and what steps might be taken by an organization to ensure that its top executives live up to values it espouses.

3. Leo Apotheker, the former CEO of HP who succeeded Mark Hurd, resigned in September 2011, after just 11 months on the job—but he left with a $13.2 million severance package. Hurd left with a package between $40 million and $50 million. Do you think executives who resign from their positions or are fired because of unethical actions should be forced to give back some of those amounts to the shareholders to make them whole? Why or why not?

Answer 1

solution

Trust is something which can be given N number of names like conviction, unwavering quality, trustworthiness in activities, nature of item and so on. Be that as it may, what it is, is only a guarantee to the next for giving quality administration immediately. In a business, Trust is a bedrock at which it flourishes. Trust need not be built up just with client, but rather likewise with representatives to give them safe working environment, with providers to give them rehashed business and reasonable cost of their items.

Partners and the people who are related with an organization in some structure. It isn't care for one should hold partakes in an organization to be a partner. They can be any individual who executes with organization like workers, providers, purchasers, speculators, lenders, and so on and so forth. They all expect comes back from the organization in some structure and it is upon the trust upon the works on profiting at the business that they stay partner with it. No Trust, No Associaton and business will at last fall.

Trust may jeopardize moral relationship in an occasion where some innocent slip-up has been comiitted which may result in fall of offer costs for partners. Trust upon senior administration forced by partners to furnish with great returns may prompt circumstance where attributable to trust, the board may trade off with morals to give uncover genuine circumstance and window dress it.

The announcement uncovers disappointment in direct of reasonable guidelines of lead of business.

Section 2

A couplet says that, when a bibliophile ate every one of the books in the library yet couldn't figure out how educated. Correspondingly, regardless of what number of books are composed or how ideal the code of behaviors are. Breaches may keep on emitting due to something, this can be because of individual encounters, needs, necessities, circumstance or a blend of all these. These can be stayed away from by conferring following measures:

Arranging addresses on morals as often as possible

Urging representatives to submit the slip-ups they have done as opposed to humilating them

Have appropriate inner review groups properly qualified, for each segment of organization. Appint people encounters in buying to review buy dept and so on.

Set up a structure which keeps examine over the untrustworthy practices

Section 3

Indeed, I accept so in light of the fact that this may would enable administration to practice such practices with conviction that they would get thier strong pay inspite of them directing anomalies.