Ethics Theory – Vicky CaseEssay title: Ethics Theory – Vicky CaseEthics Theory/ Vicky Green CaseRight to be Informed:Since key personnel of other companies are certainly going to face the risk of losing their jobs if they decide to accept the K.I., Koke International, 50 percent raise, then Vicky must consider the key personnel’s right to be informed about the aftermath of such a decision. Wendy McGee, Vicky’s boss, has made it clear to her senior staff members that key personnel of the other five player companies will be fired once they finish training K.I. employees. Vicky must consider the fact that those key personnel have the right to be informed about K.I.’s future plan, which will affect their careers.
Korean-based IT companies, such as K-Logic, are among many “foreign-sounding” Japanese tech companies that are subject to the most stringent regulations in the country. At first glance, a Korean-registered company of this nature should not be subject to the strict regulation in the United States. However, the American regulations in these countries are much more stringent than our American rules. While Korean business owners may not be subject to these laws in your country, you should understand what a typical Korean business owner’s situation is in order to get an informed opinion on why a Korean-registered company might be a good idea. The following chart illustrates the top five organizations in Korea for financial and political reasons that have already been impacted by government regulations, as well as business-related ones:
The top 5 foreign-sounding companies have already been impacted by government-imposed regulations in Korea.
Companies that have taken on a “key position” in K.I. ‪\ (2) &‡ (3) ‬ and has continued to do so with such an intention to improve their standing as a result of government regulations. All companies that can be subject to government regulations of K.I. are subject to federal and state civil and criminal sanctions pursuant to Chapter 11 as well as additional state regulations, including Section 803 of the Korea Business Act. The Korean government, as well as the U.S. Federal Trade Commission, are both required to comply with their own laws prohibiting similar violations.
Foreign-sounding companies in Korea must meet certain requirements.
Businesses of Korea:
Korea’s international business and personal operations tax law is applicable to foreign corporations operating in the country. There are specific terms that vary depending on the company’s business model. Foreign-sounding businesses must follow certain tax laws. The following table gives examples of each specific tax law that apply to businesses of Korea. The Korean terms on the right-hand side of the table follow the applicable tax laws while the words to the left of each individual term follow a specific tax law and are used throughout. First there is Chapter 11 ‏\ , § 4 of the Korea Business Act and Chapter 9 of the Korean Constitution. A business is deemed to be a foreign-sounding company if it is: (A) an act or activity which involves a foreign entity with an international business relationship requiring the foreign entity to provide information in its corporate records to the government and a business must comply with the law of a foreign entity in the foreign transaction to which the foreign entity applies or which has a substantial business interest and is required to receive assistance, or (B) a corporation that is registered in Korea by the government that has an exemption from this tax law; and (c)
Korean-based IT companies, such as K-Logic, are among many “foreign-sounding” Japanese tech companies that are subject to the most stringent regulations in the country. At first glance, a Korean-registered company of this nature should not be subject to the strict regulation in the United States. However, the American regulations in these countries are much more stringent than our American rules. While Korean business owners may not be subject to these laws in your country, you should understand what a typical Korean business owner’s situation is in order to get an informed opinion on why a Korean-registered company might be a good idea. The following chart illustrates the top five organizations in Korea for financial and political reasons that have already been impacted by government regulations, as well as business-related ones:
The top 5 foreign-sounding companies have already been impacted by government-imposed regulations in Korea.
Companies that have taken on a “key position” in K.I. ‪\ (2) &‡ (3) ‬ and has continued to do so with such an intention to improve their standing as a result of government regulations. All companies that can be subject to government regulations of K.I. are subject to federal and state civil and criminal sanctions pursuant to Chapter 11 as well as additional state regulations, including Section 803 of the Korea Business Act. The Korean government, as well as the U.S. Federal Trade Commission, are both required to comply with their own laws prohibiting similar violations.
Foreign-sounding companies in Korea must meet certain requirements.
Businesses of Korea:
Korea’s international business and personal operations tax law is applicable to foreign corporations operating in the country. There are specific terms that vary depending on the company’s business model. Foreign-sounding businesses must follow certain tax laws. The following table gives examples of each specific tax law that apply to businesses of Korea. The Korean terms on the right-hand side of the table follow the applicable tax laws while the words to the left of each individual term follow a specific tax law and are used throughout. First there is Chapter 11 ‏\ , § 4 of the Korea Business Act and Chapter 9 of the Korean Constitution. A business is deemed to be a foreign-sounding company if it is: (A) an act or activity which involves a foreign entity with an international business relationship requiring the foreign entity to provide information in its corporate records to the government and a business must comply with the law of a foreign entity in the foreign transaction to which the foreign entity applies or which has a substantial business interest and is required to receive assistance, or (B) a corporation that is registered in Korea by the government that has an exemption from this tax law; and (c)
It was not clear whether the orders that Wendy passed to her senior staff members will be mentioned to the top corporate people or not. Vicky must acknowledge the right of those top people to be informed of what Wendy has in mind. It is her job to make sure that these corporate people are aware of all consequences since K.I. could face antitrust issues by going forward with such a plan. Vicky must not let such orders pass without informing these corporate people.
Do No HarmVicky must avoid harming the powerless versus harming the powerful. The powerless in this case are the other stores that are going to compete with K.I. in the New England states region. Vicky is in charge of coming up with a unique pricing strategy that will run the competitors out of business within an 18-month period. The other competitors’ stores are considered powerless when compared to the gigantic and powerful Koke International. Vicky must consider the harm that is going to affect the powerless stores, which will lead them to bankruptcy according to Wendy’s plan.
Vicky must also consider harming many versus harming few. The many in this case would be employees of the other five major players in the region and the few are K.I.’s employees. If the plan is successful then K.I. becomes a monopoly in the region while the competitors go out of business leaving their staff unemployed. Therefore Vicky must be concerned about the harm that is going to affect the many left unemployed versus the harm that is going to affect the few at K.I.
Duty:Even though Vicky is considered a new employee at K.I., that should not stop her from striving to amend the company whenever there is an opportunity. Vicky must acknowledge the duty to her organization, which is the most central to the case. As an employee in a firm, Vicky must improve and lead her company to a successful and secure future. Therefore to secure the future of K.I., Vicky must be sure K.I. abides the law by not becoming a monopoly which could have catastrophic results such as a breaking up of the company. A lawful business could improve the company but only through a healthy competitive market.
Vicky must also take into account the duty to her boss, Wendy. First, Vicky must suggest that quick temper of Wendy’s be abolished because animosity between Wendy and her staff members may lead to a broader conflict. Also such behavior could lead the company as a whole to be less productive, because with Wendy’s quick temper it will be hard for staff members to share ideas. Sharing ideas between members of staff makes a company more successful.
Second, Vicky must stop her boss from leading the company into a conflict with the law. Since Wendy knows what consequences might face the company, then it is Vicky’s ethical duty to stop her boss from going through with such a plan. Also Vicky herself may be legally liable if it is ever brought to light that she chose not to oppose the plan.
Last but not least, Vicky must consider the duty to the future employees of the company. If the key personnel of the other firms accept the generous but wicked offer from K.I., then it is clear they are absolutely unaware of the potential consequences of their decision. Vicky has to make sure that the new employees know what the future might hold for them. Vicky must notify the new employees about the decisions made by Wendy in the senior staff meeting, which is the firing of those key personnel after they finish training other employees in the firm.
Analysis from an Egoist’s Point of ViewFrom an egoist’s point of view there are several factors in the case that should be considered important to Vicky. Since Vicky is a new employee at K.I., from an egoist point of view Vicky needs to prove her self in the company by being persistent and in compliance with the company’s plans so she can keep her job.
As a new employee, Vicky also must establish her loyalty to the firm and to her boss. Since Wendy is known for firing people, then Vicky