Wire Rope Case Study Essay

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THE WIRE ROPE CASE STUDY 1. Immediate Issue(s) or Problem(s) In the Wire Rope case, I as the Financial Manager of Green Core Inc. (GRI), have the opportunity to help GRI solve the number of law suits they are currently facing due to some failure of the wire rope which have caused a number of casualties in various construction sites. In this case, GRI is the competitor of my former employer, Red Wire Corp. (RWC) wherein I have walked through and learned from the Factory Superintendent the critical process and specially designed machine they have developed themselves. Thus, what are my responsibilities to RWC? Will my decision depend or not whether or not I signed a confidentiality clause with RWC? Furthermore, what if I also know that the…show more content…
This case study aims to resolve the quality problem and offers a means to examine the legal and ethical issues involving the protection and misappropriation of RWC’s trade secrets within five (5) working days. 2. Basic Issue(s) or Associated Issue(s) The quality problem must be resolved. As with the first step, I need to figure out the problem and be able to solve the quality problem with GRI by evaluating competitive companies, product and their customers. Since I came from RWC and acquired knowledge and experience from them in the wire rope industry, I should be able to answer the questions, “What does RWC do better than GRI? Or what is missing from GRI’s product that would make it better?” without divulging trade secrets of RWC. According to K.M. Saunders, trade secrets are a form of intellectual property and can consist of any information that can be used in the operation of business and that is sufficiently valuable to afford actual or potential economic advantage to others. I think even though I came from RWC, I would assume that I no longer have responsibility from them. Thus, whatever knowledge or experience I have acquired from RWC, I can always apply it to GRI unless the process is protected by intellectual property

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