You are an American expat managing a worldwide business in London, England. There are only a small handful of competitors for this business, all of whom are located in Europe. Your professional success rests on achieving very aggressive financial performa

Introduction

Business Ethics is one of the most widely talked about in corporate America . When ever one is dealing with issues of right and fair , one is dealing with ethical problems . The answers to ethical problems are not as clear cut or well defined as quantitative problems The journey of ethical dilemmas to just or moral solution is often treaded with unfamiliar situation and challenge to established work culture and values

Case Study Analysis

The case has three possible scenarios -

It is ok to go to such meetings as

long as they are either no business affairs or act like a trade body meeting

Secondly these meetings are not a mean to spy on competitor information

Finally these meetings are not part of the process of cartelization within the Industry

Scenario 1

These meetings are used by industry players to get together and discuss how to collectively present their case on various issues or government policies . They decision taken can act like a trade body and can be used by the companies as a platform to stick together for the benefit of the industry . Meeting per say can 't be bad as long as no ethical barriers are challenged . If one considers the scenario 1 on cultural and personal front than there is no problem in attending such meetings . Culturally it is accepted for industry players to meet other players in the market and discuss about the future of the industry , on personal front it is good to develop network among other industry players

Scenario 2

As the case mentions that such meetings do lead to disclosure of price and other information of the competitors , then in such a scenario it is not prudent to attend the meeting . First information sharing can 't be one way so if one is getting the competitor meeting then one also have to reveal his /her side of story . This information can be true or false in both the scenario one will be exposed to vulnerable situation revelation of true information might allow the competitor to take advantage of and if incorrect information is provided then there is a high risk of loosing face among the industry players . Deliverance of quarterly or annually results over a period of time using such techniques are often unfruitful as managers often end up loosing credibility not among other industry players but also with in the company

Scenario 3

This can be open to government regulations and other legal proceedings as industry players get together to artificially fix prices and lead to cartelization of the industry . In such an environment all the players agree to keep prices high or create an artificial demand by short supplying the products (Maddux , 1989 ) As president Lincoln once said One can fool all the people for some time and some of the people for all the time but one can 't fool all the people all the time . Once the regulatory body will notice the trend penalties will be severe...