Budget cuts
In balancing revenues in companies, they deal with financial deficits in the company. Companies have to look for a way to recover their expenditures. Leaders in companies are faced with strategically-based pressure to overcome the fiscal deficit. Company leaders are faced with enforcing common strategies such as layoffs and salary deductions (Christensen, 2003). The decisions made by the company leaders are reflected in this paper as a company faces a difficult time of financial deficit.
- On what ethical platform is each of these three options based? Why do you believe that?
In firing Pat, the company leader acts on selfish interests. This strategy is used as a fundamental moral agent to justify pats dismissal in the company’s best interests. The company uses a soft policy to replace Pat despite being a senior worker. The company in replacing pat with a junior staff uses the strategy to reduce the salary allocated to Pat’s field. The company requires the workforce substitute’s Pat with a worker of three years of lesser experience. This move is ethical egoism, aimed at pleasing the company’s management team. This strategy will fuel the company leader to retain their salary despite the financial crisis.
James is the company’s least costly employee, his youth and energy fuel his job description in the company. The company facing the financial crisis can use a strategy to fire James from the company. By taking this action, the company will be holding the judgment of the choice that will transpire for James. The company leader deliberates on James youth citing it as a non-consequentialist window of opportunity for other jobs if he is fired.
In a company’s financial crisis, an option of salary cuts is deliberated for use. The question of who takes the wage cut is a different direction all the same. As a team leader in the company procuring a salary cut may promote the company’s staff to follow suit. This move ensures equality as the whole company faces the crisis in a maximized wellbeing within the company. This strategy is the utilitarianism strategy that equates the progress made in the financial crisis.
- Which of the ethical platforms discussed in the readings is most consistent with your moral values?
Being a company leader morally requires self-sacrifice for the sake of the wellbeing of the company and its employees. The moral ethic called for in such a predicament is to fuel actions that instil happiness in the welfare of the immediately affected party. The strategy promotes morals of sacrifice for inconsequential circumstances in valuing the prosperity of others. This ethical-moral is Utilitarianism.
- Which of the three options would you pick? Is that choice consistent with your ethical platform?
In times of crisis as a company leader, it would be wise to save the company despite the unethical solution. In knowingly firing pat and replacing him, it would save the company a third of the cost directed to his salary. Hiring a less qualified person to replace pats line of work would reduce the wages but maintaining the workforces needed. The ethical strategy of egoism would best apply to the situation in the company. The move would be selfish as the company leader would retain their wages and please the company’s management.
Ethical theories are generally used in decision-making situations. The choices made in these situations may affect other people and interests at hand (Christensen, 2003). Organizations use these theories to deliberate on morals codes used in times of crisis. Ethical philosophy is necessary since general is not adequate. Moral conduct should be justified as the moral laws are not always followed.
References
Christensen, S. L., & Kohls, J. (2003). Ethical decision making in times of organizational crisis: A framework for analysis. Business & Society, 42(3), 328-358.
