Discuss this manager’s behavior in terms of the five approaches (Fairness, Virtue, rights and utilitarian, common good approach) and compare how each of these approaches contributed to the overall benefits of the organization
Fairness - The manager clearly communicated unfortunate decision and its prime reason which is for bigger cause to save organisation from bankruptcy and save costs.
Virtue- the manager exhibited virtue to great deal so employees have sufficient time to find alternative job and helped them with recommendations letter for newer opportunities. This brings organisational repute and saves from brand damages.
Utilitarian - the manager weighs costs and benefits appropriately however does not fully convince the benefits and justification of laying off 500 employees as this will decrease productivity. Overall utilitarian approach helps organisations strike balance in strategic decisions making and weigh down pros and cons.
Common good approach - Manager effectively navigates the commin good approach by saving costs for organisations and from bankruptcy at the same time helps employees in finding newer job opportunities by maintaining fine balance. Such approaches help organisations to be recognised as good employers and maintain the level of empathy, integrity and support.
A manager resentfully finds himself forced to fire 500 employees to save the company (more than...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...