Two High-Ranking Managers Of Anrun Corp Know That The C ✓ Solved
Two (2) high ranking managers of Anrun Corp. know that the company’s R
Two (2) high ranking managers of Anrun Corp. know that the company’s revenue is rapidly declining. However, at a recent shareholder meeting, they tell the shareholders to expect record profits in the next quarter. Explain the three Blanchard and Peale questions that these two managers should have asked themselves before the shareholders’ meeting. Note: Need a One-page document at least 300 words.
Sample Paper For Above instruction
The scenario involving two high-ranking managers at Anrun Corp. highlights important ethical considerations in managerial decision-making, especially when there is a discrepancy between internal data and external communication. The managers are aware that the company's revenue is declining rapidly, yet they project optimism to shareholders by promising record profits. To navigate such situations ethically and responsibly, managers should employ the three pivotal questions introduced by Blanchard and Peale, which serve as a framework for ethical decision-making.
The first question managers should ask is, "Is it legal?" This involves assessing whether the actions and statements comply with applicable laws and regulations. In this case, deliberately providing false or misleading information about the company's financial health might breach securities laws or regulations governing corporate disclosures. Managers must consider whether their actions could lead to legal consequences, such as lawsuits, fines, or sanctions, which could harm the company’s reputation and shareholder trust. Ensuring legal compliance safeguards the company from potential legal repercussions and aligns with ethical business practices.
The second question is, "Is it right?" This entails evaluating whether the intended action aligns with moral principles and ethical standards. While managers might perceive emphasizing future optimism as a means to maintain investor confidence, knowingly misrepresenting current financial realities violates ethical norms of honesty and integrity. Ethically responsible managers should provide truthful, transparent information, enabling shareholders to make informed decisions. Discussing the truth about declining revenue, along with strategic plans to address it, demonstrates fairness, responsibility, and respect for stakeholders.
The third question is, "How will it make me feel?" This reflective question prompts managers to consider their personal integrity and emotional response to their actions. If misrepresenting financial data conflicts with their sense of honesty, managers might feel guilt or discomfort. Conversely, if they prioritize short-term gains or corporate image over truthfulness, they may experience cognitive dissonance or moral distress. This internal check helps managers align their actions with their core values and fosters ethical consistency, which is vital for sustainable leadership.
In conclusion, by asking these three Blanchard and Peale questions—legal compliance, moral correctness, and personal integrity—managers at Anrun Corp. can better navigate ethical dilemmas related to transparency and honesty. Upholding these principles not only preserves the company's reputation and legal standing but also reinforces trust with shareholders and stakeholders. Ethical decision-making in such instances ultimately contributes to long-term corporate success and integrity.
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