ipl-logo

Business Ethics Case Study: Petrofac

1652 Words7 Pages

END TERM EXAM – MANAGING COMPLEXITY (VARUN VASHISHAT, PGID: 61610418)
ANSWER 1-A: Petrofac was a leading player in the oil and gas facilities industry. It was established in 1981 with only 25 employees on board. Though it faced initial problems in the making payrolls, preparing bids, etc., Petrofac had employees who were motivated to make the company “grow big”. Analyzing the beginning on the company on the basis of Exhibit 1, we can notice that the company had a good understanding of managerial mental models. The founders knew business environment and the markets where they could capture business, and were aware of the nature of competition. Keeping this into consideration, Petrofac promoted an open culture where people collaborated and worked …show more content…

But when it actually grew big, the huge structure of the organization showed the potential to bring the company down. This essentially tells us that running after growth blindly solves lesser problems. Care should be taken to take team members along, and ensure their collective growth. It is equally important that everyone understands the original values (DNA) of the organization, and works together with all stakeholders as a team to solve problems and take the company to newer heights.
ANSWER 2: Model map for Petrofac is presented on the following page.
As we can see, the model map comprises of 10 circular elements, namely:
1. Achieve dream of growing big (which is reached via) – 2. Exploring new opportunities (which requires) – 3. Increased manpower (which is obtained via) – 4. Hiring employees with necessary technical skills (but who may be) – 5. Cultural misfits (and work in) – 6. Specialized teams (that have) – 7. Lesser interaction (which creates) – 8. Non-collaborative employees (who fail to) – 9. Harness synergies within organization (which leads to) – 10. Frustrated team leaders (who fail to achieve the dream of growing big, as stated in Point

Show More
Related

  • Fraser Foods Case Study Assignment

    1475 Words  | 6 Pages

    Contents Terms of Reference 2 Procedure 2 Findings 3 Current Structure 3 New Structure 4 Employee Relationships 4 Instructing Staff 5 Contingency Variables 5 Conclusion 6 Recommendations 6 References 7 Appendix A 8 Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class.

    Read More

  • Case Study Dynacorp

    1336 Words  | 6 Pages

    One alternative design I would suggest in order to target the problem existing in Dynacorp is by switching from functional structure to product divisional orientated structure. With this structure, the company would be divided according to the product lines it offers on the market. In other words, Dynacorp will be separated into product-based multifunctional divisions including: Manufacturing, Engineering, and Marketing with a general manager in charge of running the unit (from product development to after-sale service); also they all are required to contribute to the same final

    Read More

  • Eight Lenses In Business Ethics

    1306 Words  | 6 Pages

    1. Introduction – ethics – what are they? Ethics (or moral philosophy) is the kind of philosophy that define concept of right or wrong conduct. In practice, ethics try to resolve questions of human morality, by explaining concepts of good and evil. Ethics, culture, morals – are bind together, they are embedded.

    Read More

  • Northrop Grumman's Business Ethics: Case Study

    1528 Words  | 7 Pages

    Introduction In this extended essay, I will try to answer the research question “To what extent is Corporate Social Responsibility part of Arm Makers Companies? An assessment and evaluation of Raytheon’s and Northrop Grumman’s Business ethics”. Weapon companies face the issue of being socially responsible as it is a global matter. I will be mainly focusing on two companies; Raytheon and Northrop Grumman.

    Read More

  • The Complexity Theory In Project Management

    911 Words  | 4 Pages

    The increased complexity of modern day organisations

    Read More

  • Reflective Essay: The Value Of Team Leadership

    1783 Words  | 8 Pages

    Introduction Team leadership encompasses many things. It may seem like a simple and small task, but in a real sense, it is complex and comes with responsibilities, and commonly, it determines the success of any team or a group. However, the value of teamwork should not be overemphasized considering that all organizations need individuals and personnel who are willing to share ideas, listen to others and contribute to the problem solving of any given group or a company. Team leaders should have the ability, authority, and power to analyze data and information with a team of people with a common aim and objective as well as issues. The leader should understand the dynamic patterns, the connections and relations between paramount factors in these objectives, aims and issues that help in the analysis process.

    Read More

  • Business Ethics Case Study Patagonia Essay

    549 Words  | 3 Pages

    Patagonia is a very popular clothing company that provides high quality wear designed for people that enjoy being outdoors. The provide good quality warm clothing such as jackets and flees for reasonable prices. Not only do they provide a great product, but they also make it their aim to make a positive impact by contributing to the industry and by also creating high standards and values which is something that popular brands should always do. Profitability for a company is linked to their ethical standards because it builds a reputation for the brand. It has been found that many investors determine if a company should be invested in by also looking at their social impact.

    Read More

  • Business Ethics Case Study: Monsanto's CEO

    769 Words  | 4 Pages

    1. If you were Monsanto’s CEO, how would you best balance the conflicting needs of the variety of stakeholder groups that Monsanto must successfully engage? Monsanto has improved in terms of its corporate responsibility; however it does not maintain the most ethical culture possible. Monsanto is in a difficult position, as it produces products that many people do not understand or trust. The corporation also does much business in very poor countries where it is very easy for critics to accuse Monsanto of taking advantage of people who do not know any better.

    Read More

  • Business Ethics Case Study: What Is Foxconn's Ethical Issue?

    803 Words  | 4 Pages

    What is Foxconn’s unethical issue? In mid 2010, Foxconn Technology Group (Foxconn) was facing a crisis of having its workers held protests and riots against the company in Shenzhen, China. Being the world’s largest contract electronics manufacturer (Pun, 2010), the company exploited its migrant workers by providing them with exceptionally low pay and allowing unacceptable number of overtime working hours in the manufacturing site. Such method of raising workers’ efficiency is unethical in the eyes of many.

    Read More

  • Business Ethics Case Study: The Johnson And Johnson Case

    1262 Words  | 6 Pages

    Introduction The key ethical issues that were presented in this case study were quality control, lack of customer care, responsiveness, and harming the customer. The Johnson and Johnson case may have been seen as a turning point due to many things the company did right. However, there were many ethical issues in this case which will be explored more throughout this paper.

    Read More

  • The Importance Of Business Ethics In The Business Environment

    1813 Words  | 8 Pages

    “Title Rhenzl” Business is an economic activity whereas its concern is continuously and constantly producing and distributing goods and services to market in order to provide and satisfy human needs, wants and demand. Meanwhile, ethics had been studied by the philosophers for about 2500 years, since the time of Plato and Socrates. As of today, ethics is considered as the moral standards that an individual is relying upon when making a judgment and decision.

    Read More

  • Unit 2 Business Ethics Task 2 P1

    1263 Words  | 6 Pages

    Ethics Program for 2015 Task 2 Erica Young Western Governors University – Missouri Table of Contents Code of Ethics…………………………………………………………………… .03 Acceptable Use of Electronic Mail………………………………………….. 03 Acceptable Use of the Internet ……………………………………………... 03 Acceptable Employee Conduct …………………………………………….. 04 Acceptable Dress Code ……………………………………………………..

    Read More

  • Ethical Issues In International Business

    730 Words  | 3 Pages

    Introduction Globalization is a fact of Economic Life – Carlos Salinas De Gortari. Globalization is not a new thought. This process of interaction and integration among the companies, people and government of different countries is happening from ages. Technology has been the major driver of globalization. Economic life has been transformed dramatically by the advances in information technology.

    Read More

  • Strengths And Weaknesses Of Recruitment Research

    858 Words  | 4 Pages

    P2) Explain the Strengths and weaknesses of different approaches to Recruitment and Selection Recruitment and Selection Recruitment can be defined as searching for and obtaining a pool of potential candidates with the desired knowledge, skills and experience to allow an organisation to select the most appropriate people to fill job vacancies against defined position descriptions and specifications. (Ref-Green, Paul C. Building Robust Competencies: Linking Human Resource Systems to Organizational Strategies. Jossey-Bass, 1999.) External recruitment brings new blood, new face to the organization.

    Read More

  • The Importance Of Business Ethics In International Business

    1039 Words  | 5 Pages

    Basically, ethics are at their essence which is it is the moral judgments about what is right and what is wrong. Business ethics is focusing on examine the policies and conduct within the context of commercial enterprise in an organizational as well as in an individual level. In business, the ethics in business is an applied ethics where professionals and researchers use principles and theories to solve any ethical problems that exist in business. At the quarter of the 20th century, as technologies like internet have made world business or international business all more viable, the business ethics domestically have grown in importance along with the power and significance of major businesses. So that, international business ethics take center stage as a major concern of the modern era.

    Read More

More about Business Ethics Case Study: Petrofac

Open Document