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Light Principle Agent Theory

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In light principle-agent theory, why might dentists and attorneys be required to subscribe to professional codes of ethics that prevent (or at least limit) their ability to sell unneeded services to their clients? Why do we not see similar codes of ethics for automobile mechanics?

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In the Principle-agent theory, it is presumed that the manager has information about the day-to-day operations of the firm and the firm's profitability that the owners lack. In addition, the manager has other goals in mind beyond the owner's welfare, such as on-the-job perks, an ...

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The light principle agent theories are examined.

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Do you feel the security guard took the right action? Would you have taken the same action? Why or why not?

Ethical Theory and Business

Read the case "The Reluctant Security Guard" on pages 318-321 of your text.

Text: Ethical Theory and Business 7 Beauchamp and Bowie Prentice Hall
ISBN:0-13-111632-0

CASE STUDY Reference: Ana Pinedo and Tom L. Beauchamp, "The Reluctant Security Guard. "Case Studies in Business, Society, and Ethics." Prentice Hall, Upper Saddle River, NJ. 1998.

As a manager at Blue Mountain Company, you have been asked to handle the situation with David Tuff. Describe what ways, other than dismissal, you would use to handle this situation.

In the assignment be sure to address the following:

Do you feel the security guard took the right action? Would you have taken the same action? Why or why not?

Do you feel it was unjust to fire the security guard? Why or why not?
What are other creative ways other than dismissal that you would have used to handle this situation?

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