Topic Report: Organizational Ethics
Topic Report: Organizational Ethics
Topic Report: Organizational Ethics
Indicio MGT07
• FINANCIAL MANAGEMENT
Colleen White is excited to use new technology to communicate with clients and potential
clients. She recently began posting investment information, including performance reports
and investment opinions and recommendations, to her Facebook page. In addition, she
sends out brief announcements, opinions, and thoughts via her Twitter account (for
example, “Prospects for future growth of XYZ company look good! #makingmoney4U”).
Prior to White’s use of these social media platforms, the local regulator had issued new
requirements and guidance governing online electronic communication. White’s
communications appear to conflict with the recent regulatory announcements.
•INFORMATION TECHNOLOGY
When: March 2018
What: Revealed that Facebook knew about massive data theft and did nothing
Facebook’s response: An apology tour and policy changes
The world finally got the answer to the question “Where’s Zuck?” on Wednesday when the
Facebook CEO and co-founder broke his silence on the data harvesting allegations. In a
statement posted on his Facebook wall, Zuckerberg avoided the word “sorry” but did
express partial blame for Facebook’s role in not doing enough to protect user privacy.
He laid out three steps Facebook will take now, including investigating all apps that were
able to access user data before 2014, when the company began changing its permissions
for developers. Facebook will put restrictions on the data apps can access, limiting them to
a person’s name, photo and email. Finally, Zuckerberg said Facebook will make an easy tool
that lets everyone see which apps have access to their data and allow them to revoke
access.
"I've been working to understand exactly what happened and how to make sure this
doesn't happen again,” he wrote. “The good news is that the most important actions to
prevent this from happening again today we have already taken years ago. But we also
made mistakes, there's more to do, and we need to step up and do it."
• OPERATIONS MANAGEMENT
“Samsung's Galaxy Note 7 Is The Bomb”
Suffering much the same fate as recreational hover boards, Samsung Galaxy Note 7 phones
have recently been found to catch fire and/or explode. The problem is with the lithium ion
batteries, which when improperly circuited can meet with fiery ends. Some batteries
appear to be working normally, while others are like ticking time bombs. Phones charging
inside cars have caught fire and completely destroyed the vehicles, and most recently an
igniting phone burned the hand of a toddler. In response to the problems, the FAA has
taken action, stating that it was "strongly advising" against using the phones aboard
airplanes. Samsung has issued a recall, and announced that it would replace 2.5 million
phones, at a cost to the company of an estimated one billion dollars. Cartoon by Ed Hall.
• MARKETING MANAGEMENT
SOURCE:
Edelson. J. (2018, March 24). A timeline of Facebook's privacy issues — and its responses.
Retrieved from https://www.nbcnews.com/tech/social-media/timeline-facebook-s-privacy-
issues-its-responses-n859651
Hall. E. ( 2016, September 13) Samsung's Galaxy Note 7 Is The Bomb. Retrieved from
https://www.forbes.com/sites/cartoonoftheday/2016/09/13/samsungs-galaxy-note-7-is-
the-bomb/#1e0c3478156f