Answered Essay: Education unlimited Inc. produces very specialized adaptive educational products

Education unlimited Inc. produces very specialized adaptive educational products. The CFO of Education unlimited   Inc. Bill M became aware that a major customer of theirs is closing a majority of their academic campuses and thus the demand for Education unlimited   products is likely to be affected significantly. Education unlimited   Inc.   president and CEO, Jon M, was very concerned but still asked Bill not to disclose that information due to the potential effect on the stock price. To make things worse for Education unlimited   Inc.   questions about the efficacy of the adaptive products is being questioned by the vice president for assessment Doug M , which if valid is likely to affect the demand for the products even further. Jason M, the company’s production manager, hears the announcement of the campus closing and stops Bill M inquiring about the truth of the campus closing and the efficacy issues.

Are there any ethical issues, should any of this information be disclosed to the public and what is the position of the relevant professional body (the IMA) ?

Expert Answer

The major ethical issue is that the insiders in the Education Unlimited Inc. themselves conceal information from each other. There is lack of transparency in the information circulated within the Organization and even if it is circulated, no one is indeed vouching for it with proofs. For eg. When the V.P is asking for the efficacy situation of their adaptive products, the CEO and CFO, both try to conceal the information from him fearing for further dip in the product’s sale. Further when the CFO asks about the substantiation of the news so being in the circulation in the market from the Production manager Jason M, the latter also attempts to cease the CFO from any further inquiry. All of this creates an atmosphere of mistrust within the Organization itself thereby refraining it from any improvements that could possibly be undertaken if the situation in known to the relevant employees in the correct light. Also, concealing of information from the owners of the company i.e. the shareholders is further contributing to the creation ‘success bubble’ without any relevant substance which could burst at any point of time, thereby resulting into further damage of the earned goodwill. There is indeed a breach of business ethics that suggest transparency in the system and conveying of relevant information to the stakeholders. Alternatively, an open discussion amongst the stakeholders shall help in exploring the ways to attract or to deal with new customers who can in turn help in retaining the goodwill and business of the Organization. This could only be done once the stakeholders are aware of the actual state of affairs.

The role of IMA would be to timely monitor the success of Education Unlimited and keep sending external auditors to ensure the compliance of the Academy. Now, in this case, it is not that the academy is non-complying with any norms however the IMA needs to question the Academy regarding the forthcoming threats that they foresee in the system, by creating a relationship of empathy with the Academy and suggesting it was to come over it, if need be.

Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.

× How can I help you?