You Have Just Been Named the New CEO of a Medium-Sized

question 46

Essay

You have just been named the new CEO of a medium-sized company.Your primary workforce (95%)is located in one downtown office building.You have been put in this position because of your great reputation for achievement and ethical conduct.In the past five years,under the previous management,the company has earned a reputation for cutting corners and using questionable tactics.What are some of the fundamental steps you must take to build a more ethical culture?

---

Definitions:

Substitute Products

Goods or services that can replace or serve as alternatives to another product, affecting its demand and market.

Resource Shortages

A situation where the demand for resources exceeds the supply available within a given context or environment.

Changing Market Tastes

The evolution or shift in consumer preferences and desires, often influenced by cultural, social, or economic factors.

Bargaining Power

The capacity of one party to influence the agreement terms in negotiation scenarios due to their position or alternatives.