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Case 5.1
Joan is designing an ethics training program for her company.She decides to build it around the story of the founder of the corporation,Rosa.Rosa's "rags-to-riches" story reveals a woman with strong standards of personal conduct,deep personal values and beliefs,and a pattern of good judgment.Rosa attributes her success to the upbringing she had as a child.A second portion of the training program will review the company's values,ethics code,and policies so that all employees are very clear on where the company stands on key issues and business behaviors.
-Refer to Case 5.1.If Joan's training program is taken to the company's international offices,she needs to be prepared for the fact that
Master Products
Essential or core products that a company offers, which define its primary business operations.
Standard Costing
An accounting method used to estimate the cost of production by assigning standard costs for materials and labor, used for budgeting and controlling expenses.
Cost Comparisons
The process of comparing the costs of different options or strategies to determine the most economically viable choice.
Motivational Tool
A strategy or object used to inspire or increase an individual's drive towards achieving goals or improving performance.
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