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E140A
- Session 16
Ethics and Entrepreneurship
Summary
The Randy Hess case examines the power of psychological forces of influence
that can lead to a breach of one's ethical values. The session explores
the important connection between ethics and entrepreneurship.
Required Readings
(Policy
on Required Readings.)
Study Questions
(Policy
on Study Questions.)
-
What do the numbers tell us in this case?
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Why is the MicroNet revenue important to the management of 3R? Why is it important to Randy Hess himself?
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Put yourself in Randy's shoes. Your task is to bring about a legitimate solution to the MicroNet contract problem that also allows you to keep your job. Keep in mind that there is immense personal cost to quitting -- you don't want to leave Lubbock, you have few savings and a big mortgage on a house that has depreciated in value in the depressed Texas economy, you have a family depending on you for a steady income, and you like the responsibility you have at 3R. What are your options? What is your elected approach to the problem? Regardless of which basic path you take (meet with Whitney, meet with the auditors, some combination of the two, etc.), be prepared to describe how you will approach the meeting. Include what you will say, how you will say it, the tone you will set, where you will have the meeting, etc., and the various possible outcomes for the meeting. What precisely will you do? Be prepared to role play with other classmates.
Assignment
Login into the MFP Forum. Under the session assignment topic answer the following questions:
- As Hess, a summary of my basic approach to the MicroNet contract problem is to:
- In order to protect myself during my career from situations like this, I will consider these 1 or 2 specific tactics:
Note: For this assignment, each team will submit one entry for all team members. No individual posting.