ETHICAL ISSUES AND THEIR EFFECTS SMALL AND MEDIUM SIZE BUSINESS

Introduction: A brief paragraph that states succinctly the most significant, key issues raised by the case. Analysis: Respond to each of the questions/issues listed below. Justify the answers you provide. Your report should recognize, integrate, and cite relevant theories, concepts, and ideas from the required course readings and from Discussions activities. Do not restate the facts of the case. Assume that the reader knows the facts. -What are the major social, ethical, or legal challenges that Kitchen Best and other small- and medium-sized enterprises (SMEs) face doing cross-border business? -Kitchen Best has a culture of offering entertainment and kickbacks to potential clients and business partners. What legal risks does this pose to the company in a cross-border setting? -What are some shortcomings of the management and governance systems of Kitchen Best? What kind of mechanisms should Kitchen Best put in place to prevent unethical behavior and to strengthen internal controls? What can Henry Chan learn from the U. S. Foreign Corrupt Practices Act (U. S. FCPA) or the U. K. Bribery Act? -Many of the problems at Kitchen Best are related to Horatio Sze and Ma Luk. Where has the company gone wrong in managing its staff? -You read about Siemens in DRS, watched the video on global ethics, read about the U. S. FCPA and the U. K. Bribery Act. Are top managers responsible when corruption is afoot? -Why is it important for SMEs to practice ethical management? How can Henry Chan enhance his role in this regard? - What would you advise your staff to do when faced with local expectations of “payoffs” or “referral money”? Where would you go for guidance, either within or outside your company organization? In the absence of guidance, what would you do? -Suggest specific steps Henry Chan can use to help build its corporate culture for the long term benefit of the company. How will the actions you recommend to mitigate or eliminate the problems you have identified in your analysis of this case? Conclusions and Lessons Learned: -What lessons do you take from your analysis as a current or future manager or leader in an international kitchen_best.pdf