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You Make the Call-Situation 3
Jay Sorenson of Portland, Oregon, created a product called the Java Jacket, which is a patented honeycombed insulating sleeve that slides over a paper cup containing a hot beverage to make it comfortable to hold. Having introduced the new product to the market, Sorenson has already cut deals with coffeehouses, specialty stores, and convenience stores nationwide. He started the business with $15,000 in 1993, but his 2003 sales were projected to be between $12 and 15 million. Sorenson is now in a position where he would like to continue expanding his business, but he is concerned that large and established competitors could introduce their own variations of the same product.
(Source: Don Debelak, "Send in the Clones," Entrepreneur, September 2003, pp. 128-132.)
Ethical Standards
Ethical Standards are the principles that govern the behavior of individuals and organizations, ensuring actions are conducted in a morally upright and fair manner.
National Business Ethics Survey
A research survey that assesses the ethical climate, practices, and challenges within national businesses.
CEOs
Chief Executive Officers, the highest-ranking individuals in a company or organization, responsible for making major corporate decisions and managing overall operations.
Bullying
Bullying involves repeated aggressive behavior intended to hurt or intimidate another individual, often where there is a perceived or real imbalance of power.
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