ipl-logo

Business Memo

490 Words2 Pages

MEMORANDUM TO: Charles Croft FROM: Xiaolu Jiang DATE: Oct 21, 2017 SUBJECT: Concerns of The New Proposal This memo is written to raise awareness of the potential risks associated with the new proposal you presented to our clients and explore proper solutions. The new recommendation you proposed to our Fortune 500 client showed excellent business acumen, however there is serious mathematical error within your research as we discussed last time. I am fully aware that you’ve put a lot of effort in the proposal. But considering the future reputation of Wentworth Economics and our ethical responsibilities to our clients, I have to strongly recommend that you report the research errors and potential risks to our client, in order to help them make a right business decision and avoid potential loss. I’ve stated three major reasons in the following: First, it is our ethical responsibility …show more content…

We could potentially lose this major client and the many future opportunities to work with other similar clients. And it would be too late to address it once the client took our recommendation and already invested in it. Third, from the Ethical Guidelines (2016, p. 4), “The ethical statistician strives to explain any expected adverse consequences of failure to follow through on an analytic plan.” We’re obligated to make our client aware of the potential risks and consequences of the proposed recommendation. The clients normally make major business decisions based on our suggestions. That’s why they have the right to be aware of the limitation of our research. We are responsible for our clients and their benefits. Thank you so much for your time. I really hope you would reconsider about the proposal. It would be great if we can set up a meeting to discuss more at your earliest

Show More
Related
459 Words | 2 Pages

1. Symmetric encryption the keys should be changed frequently. They are shared between two peers, keys should be known only by the two members using them. So confidentiality is extremely important to key exchange. In-band key exchange takes place in the existing and established communication channel.

Read More
75 Words | 1 Pages

Mr. Glenn, After reviewing the DORIIS Amendment 3, STPD would like to discuss current contract management issues that could affect the extension of the M&O contract. My supervisor, Alex Chin, is requesting the conference call to discuss the issues. Since I will be out on vacations for two weeks , I would like to schedule a conference call meeting anytime on Monday August 3, 2015. Please tell the best time that work for you.

Read More
1118 Words | 5 Pages

Derek Rotz MBA-502-61/03 3/2/18 In the case of Ace Fertilizer Company, Assistant Director of Manufacturing , Abby Conroy is faced with an ethical issue that was presented to her by boss George Smilee who is the Director of Manufacturing. Ace Fertilizer’s business is to produce lawn & gardening fertilizer, and the company is known for delivering the highest quality special order products. The fact that they can deliver on time with top quality is what helps to drive their business. They use a consistent mark up on special orders at an 80% mark up over the cost of the orders.

Read More
970 Words | 4 Pages

ethical

Read More
675 Words | 3 Pages

The information stated on this memo is the answer to your question about taking vitamin B6® during pregnancy to treat symptoms of nausea and vomiting. The medical profile under your name, states that you are a 25 year old pregnant female who is 14 weeks along. Currently, you are taking Synthroid, Prenatal vitamins, and Promethazine medications . The medical profile also indicates that, you are allergic to Penicillin.

Read More
410 Words | 2 Pages

Translating ethics knowledge into behavior is easier than done. To teach students how to be ethical, they should be taught how to reason about situations and follow with action. This process includes eight steps. The first two steps

Read More
347 Words | 2 Pages

On 02/16/2016 I was asked to speak to a citizen in the lobby of the Sheriff 's Office 610 E. Hillside Wellington, Ks 67152. I made contact with a Beulah E. Brown, she had questions concerning her father. She had paperwork that she wanted him to sign regarding his last will and testament. Acording to Brown the woman who is taking care of her father is a girlfriend by the name of Gale Bowman. Her father whos name is Dewey Gressel is 82 years old and is dying of colen and lung cancer.

Read More
695 Words | 3 Pages

A college’s main sours of revenue in tuition money which as previously stated, is four hundred percent more expensive than twenty years ago. People who are seeking the traditional path into the work force are forced to pay these crazy high prices and are enticed by a pretty residential life and the thought of new found independents. The reality of student debt have not set in yet. Student debt is at an all-time high with an average of 29,000 dollars per student. Because of the tradition of going to school and the amazing residential lives, it can be easy to recognize the severity of the situation you are putting yourself in.

Read More
662 Words | 3 Pages

5.1. Describe the types of mail services used in business organisations • Post Office Services – The post office service such as Royal Mail will often deliver and collection an organisations post, saving time and effort from staff having to take this to a collection point. Usually, this will be collected if the organisation has its own franking machine to prepare all out-going mail with the correct postage paid on it. • Couriers – These are used for more bulky packages, which are required in urgent matters but is often more expense than using Royal Mail services for example. • Overseas

Read More
1019 Words | 5 Pages

We take forward that obligation to insure that others are treated

Read More
1040 Words | 5 Pages

Ethics Awareness Inventory Kristeena Stiles PSY/ 490 September 29, 2014 Professor Foster Ethical Awareness Every individual view ethics differently, but individual that understand ethics can very well determine what is right and what is wrong. The understanding on the differences of when to use morals and when to use the ethical side came a difference. In this paper, it will discuss the role and importance of personal ethics by principles, code of conduct, and in psychology.

Read More
485 Words | 2 Pages

Harry Markham’s Loyalty Dilemma Markham was hired as an investment advisor to give advice on the state pension fund. He has concerned about the pension funds running out of money due to the liability risk associated with the higher values that were not being reported (Walsh,2016). The problem is that how can Markham give good advice on investments decisions to his clients when they don’t want to hear a negative report. He has live up to his moral obligation which is to be honest and trustworthy to his clients and all other parties when it involves investment decisions (Northouse, 2016, p.346). 1.)

Read More
1402 Words | 6 Pages

This is because potential client might leak away as more companies

Read More
1081 Words | 5 Pages

This may create conflict in what you’re contracted to do and what might benefit your client the most. Keep collaborating with your client to find out what information they’re looking for and what they already

Read More
1024 Words | 5 Pages

As children, we were taught by our parents that it is wrong to lie, cheat, and steal. As we grow up and enter into the real world with some knowledge of right and wrong, we see, first hand, the importance of ethics as well as its complexity. The role of ethics in our society and in an individual’s life is very necessary because it has a large influence on today, as well as the future. We need to learn about good ethics because they guide our decisions, make us who we are, and determine our future.

Read More

More about Business Memo

Related Topics

Open Document