LS1_HRM Incident Paper

The interest in all of these elements is legitimate

Info iconThis preview shows pages 4–6. Sign up to view the full content.

View Full Document Right Arrow Icon
competitors, as well as the local leadership. The interest in all of these elements is legitimate, although they are not equally weighted in importance. The shareholder interests and the union response should be given priority, as these have the greatest impact on the outcome of the HR plan’s success. 2.) Is it true that Scott should be concerned first and foremost with protecting the interests of shareholders? Discuss. a. Yes, Wheeler’s primary concern should be company stockholders. Shareholders are key to a company’s existence. Companies have three sources of capital: earnings, debt, and equity. Shareholders represent equity. Weakening equity will force more reliance on earnings or debt which both have their limits. Furthermore, if shareholders are not protected, they will not invest and a company can stagnate, contract, and eventually fail. If shareholder interests are not first, investors will simply not invest and the company will lose vital capital important to its success and competitive advantage in its market. HRM Incident One: An Ethical Flaw HRM Incident One: An Ethical Flaw gives an overview of an unfortunate incident of preferential hiring based on connections versus skills and knowledge. The daughter of one executive vice president was hired by the company of his business associate of another company strictly based on the business
Background image of page 4

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
5 HRM INCIDENTS relationship and not based on the daughter’s qualifications, possibly in spite of the daughter’s qualifications. The daughter, once hired, went on to abuse the opportunity given to her and is exploiting the relationship of her father and the president of the company. Questions 1.) From an ethical standpoint, how would you evaluate the merits of Mr. Garbo’s employing Amber? Discuss. a.
Background image of page 5
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page4 / 6

The interest in all of these elements is legitimate...

This preview shows document pages 4 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online