Appraise vendor/customer relationships using justice and social contract theories.
PC-2.3: Demonstrate integrity through the application of relevant codes of conduct and social responsibility within one’s profession.
In other modules you learned that you will be using GVV as a foundation for a personal journey on relationship building and decision making based on your values. Why do you need to learn about ethical theories and frameworks? “Ethical Theories are attempts to provide a clear, unified account of what our ethical obligations are. They are attempts, in other words, to tell a single “story” about what we are obligated to do, without referring directly to specific examples” (Ethical Theory: Overview, 2022, para 1). Learning about select traditional ethics theories and incorporating this information into your decision-making process will help you to understand your decision-making processes in greater detail and enhance your ability to act in concert with your values.
In this assignment, you will be learning about using justice and social contract theories. And applying them to a current example that you select for analysis. You will also be using your work with GVV so far in this analysis process.
In a 3-7 page APA formatted paper excluding text, diagrams, and other visual/oral aids as appropriate, address the following:
Section 1- Justice and Social Contract Theories
In this section you will be delving into these theories from a variety of perspectives. Using the weekly readings and videos and at least 2 other scholarly sources provide an overview of this theory to include the following;
Definition, individual elements, or subsets of the main theories
Contributors to the development of these theories
Historical foundations for this theory, in other words, what societal elements or circumstances caused this theory to be developed?
What are the advantages and disadvantages of incorporating this theory into decision-making in the contemporary world?
Section 2 – Enablers
Using the resources from this module as well as any other resources you have identified or have worked with, identify a list of your enablers. What process did you use to create this list?
Using your GVV based values, purpose profile, strengths and enablers, would these theories be in alignment with your decision making? Why or why not?
Section 2 – Analysis of a current business situation or event
In this section you will be applying the work you completed in the prior section to a current business situation (current would be within the last 6 months) that is of interest to you from the vendor/customer relationship perspective. You may use a personal example, select from your own sources or use the many business reporting sources in the university library.
Based on your research and any practical experiences you may want to share, discuss the business and societal ramifications of inappropriate vendor/customer relationships. Include at least two scholarly sources in addition to the relevant weekly readings/videos.
Provide a summary of the business that you have selected for this analysis. Include but not limited to;
Name
Industry
Values, Vision, Mission, purpose
Public vs private
Financials
Size
National/International
Discuss why you selected this company. What was of interest to you?
Overview of conflict of inappropriate vendor/customer relationship that that you have identified. Potential items to include;
Details of the conflict in this relationship
Impact on the business which can include hard dollar costs as well as other costs
Did this issue conflict with:
With company stated values and purpose?
Cultural Norms?
Your values and purpose (if you were affiliated with this company)?
Identification of possible cause(s) of these issues
Section 3 – Personal Application
If you were tasked with creating an action plan to create changes to company operating processes that would reduce the possibility of this issue reoccurring
Would you use consequentialism as a basis for decision making, advantages and disadvantages? Why or why not?
Would you use deontology as a basis for decision making, advantages and disadvantages? Why or why not?
Would you include Justice and/or social contract theory as a basis for decision making, advantages and disadvantages? Why or why not?
List your values, purpose strengths and enablers
Discuss how you integrate your values, purpose and strengths, and enablers and into the action plan creation
References
Ethical Theory: Overview. (2022, August 8). The Concise Encyclopedia of Business Ethics. https://conciseencyclopedia.org/entries/ethical-theory/
Read the following articles:
BRIA 23 3 c Justice as Fairness: John Rawls and His Theory of Justice. (n.d.). https://www.crf-usa.org/bill-of-rights-in-action/bria-23-3-c-justice-as-fairness-john-rawls-and-his-theory-of-justice
Kanara, K. (2020). Rethink Your Relationship with Your Vendors. Harvard Business Review Digital Articles, 2–4. https://libauth.purdueglobal.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=bsu&AN=142483594&site=eds-live
McCombs School of Business at the University of Texas at Austin. (2022a, February 21). Justice [Video]. Ethics Unwrapped. https://ethicsunwrapped.utexas.edu/glossary/justice
McCombs School of Business at the University of Texas at Austin. (2022b, February 21). Social Contract Theory [Video]. Ethics Unwrapped. https://ethicsunwrapped.utexas.edu/glossary/social-contract-theory
Ypi, L. (2020). A crisis of the social contract. New Statesman, 149(5527), 13– https://libauth.purdueglobal.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=ulh&AN=144350822&site=eds-live
The Top 10 Vendor Risks & How to Manage Them. (n.d.). JD Supra. https://www.jdsupra.com/legalnews/the-top-10-vendor-risks-how-to-manage-40256/
Gibbs, J. (2022). The ESG Challenge: Building Ethical Supply Chains. SupplyChainBrain, 26(2), 62[ir1] .
Barrios, K. (2018, March 18). Play nice: What is the cost of poor supplier relationships? https://www.xeneta.com/blog/what-is-the-cost-of-poor-supplier-relationships
Fortner, Z. A. (2021). Mitigating Third-Party Risks: The Benefits of Extending Quality to the Supply Chain: The functionality of a digital quality management system (QMS) provides visibility into critical supplier activity and helps ensure a high-quality product. Pharmaceutical Technology Europe, 33(9), 38–40[ir2] .
Review the following videos:
University of Virginia Darden. (2018). GVV Pillar Four: Normalization [Video]. Alexander Street.
McCombs School of Business at the University of Texas at Austin. (2017b, December 6). GVV Pillar 3: Normalization [Video]. Ethics Unwrapped.
McCombs School of Business at the University of Texas at Austin. (2017, December 6). GVV Pillar 2: Choice [Video]. Ethics Unwrapped.
Reitz, Megan. (2018). Why we speak up or stay silent [Video].