Harvard Case - Great Lakes: Great Decisions
"Great Lakes: Great Decisions" Harvard business case study is written by James R. Freeland, Patricia H Werhane, Andrew C Wicks, Jenny Mead. It deals with the challenges in the field of Business Ethics. The case study is 10 page(s) long and it was first published on : Aug 18, 2008
At Fern Fort University, we recommend that Great Lakes Water Technologies (GLWT) prioritize a comprehensive corporate social responsibility (CSR) strategy that aligns with its core values and addresses the ethical challenges it faces. This strategy should focus on building transparency, fostering ethical leadership, and ensuring stakeholder engagement across all aspects of its operations.
2. Background
This case study focuses on Great Lakes Water Technologies (GLWT), a family-owned business specializing in water filtration and purification systems. The company faces a significant ethical dilemma when its CEO, David, discovers that his brother, the company's CFO, has been involved in unethical financial practices. This revelation threatens the company's reputation and raises concerns about its commitment to corporate governance and ethical decision-making.
The main protagonists are David, the CEO, and his brother, the CFO, who represents a significant conflict of interest. The case also highlights the role of other stakeholders, including employees, customers, and the community, who are impacted by the company's actions.
3. Analysis of the Case Study
This case study can be analyzed through the lens of stakeholder theory, which emphasizes the importance of considering the interests of all stakeholders, not just shareholders. The ethical challenges faced by GLWT highlight the need for a robust code of conduct and a strong corporate governance framework.
Key Issues:
- Ethical Leadership: David's response to the CFO's actions will define his leadership style and set the tone for the company's future.
- Conflict of Interest: The CFO's actions represent a clear conflict of interest, raising questions about the company's ability to maintain ethical standards.
- Transparency and Communication: The case highlights the importance of open and transparent communication with stakeholders, especially in the face of ethical dilemmas.
- Corporate Culture: The company's culture needs to be evaluated to understand how it fosters ethical behavior and addresses potential conflicts of interest.
- Risk Management: The case emphasizes the importance of a robust risk management framework to identify and mitigate potential ethical risks.
4. Recommendations
1. Implement a Comprehensive CSR Strategy:
- Develop a detailed CSR strategy that outlines GLWT's commitment to ethical business practices, environmental sustainability, and social responsibility.
- Establish a dedicated CSR committee to oversee the implementation and monitoring of the strategy.
- Integrate CSR principles into all aspects of the business, including sourcing, production, marketing, and customer service.
2. Strengthen Corporate Governance:
- Establish a strong board of directors with diverse expertise and a commitment to ethical governance.
- Implement a clear and comprehensive code of conduct that addresses ethical behavior, conflicts of interest, and whistleblowing.
- Develop robust internal controls and risk management processes to mitigate potential ethical risks.
3. Foster Ethical Leadership:
- Provide ethical leadership training programs for all employees, including senior management.
- Encourage open communication and transparency throughout the organization.
- Create a culture of accountability where ethical behavior is valued and rewarded.
4. Enhance Stakeholder Engagement:
- Establish clear communication channels with all stakeholders, including employees, customers, investors, and the community.
- Regularly engage with stakeholders to understand their concerns and expectations.
- Be transparent about the company's ethical practices and performance.
5. Address the CFO's Actions:
- Conduct a thorough investigation into the CFO's financial practices.
- Take appropriate disciplinary action, including potential termination, based on the findings of the investigation.
- Communicate the findings and actions taken to all stakeholders.
5. Basis of Recommendations
These recommendations are based on the following principles:
- Core Competencies and Consistency with Mission: The recommendations align with GLWT's core values of integrity, sustainability, and community engagement.
- External Customers and Internal Clients: The recommendations aim to build trust and loyalty with customers and employees by demonstrating a commitment to ethical practices.
- Competitors: The recommendations help GLWT differentiate itself from competitors by showcasing its strong ethical standards and commitment to social responsibility.
- Attractiveness: The recommendations will enhance the company's reputation, attract investors, and improve its overall attractiveness to stakeholders.
6. Conclusion
By embracing a robust CSR strategy, GLWT can navigate the current ethical challenges and emerge as a leader in the water technology industry. This strategy will strengthen its reputation, build trust with stakeholders, and ensure its long-term sustainability.
7. Discussion
Alternatives:
- Ignoring the issue: This would be a short-sighted approach that could lead to significant reputational damage and legal consequences.
- Covering up the CFO's actions: This would be unethical and could lead to further legal and ethical issues.
Risks and Key Assumptions:
- Resistance to change: Implementing a comprehensive CSR strategy may face resistance from some employees and stakeholders.
- Cost of implementation: Implementing the recommendations may require significant financial investments.
- Maintaining transparency: Maintaining transparency in the face of ethical challenges can be difficult.
8. Next Steps
Timeline:
- Month 1: Conduct a thorough investigation into the CFO's actions.
- Month 2: Develop a comprehensive CSR strategy and code of conduct.
- Month 3: Implement ethical leadership training programs.
- Month 4: Establish communication channels with stakeholders.
- Month 5: Begin implementing the CSR strategy and governance framework.
Key Milestones:
- Completion of the investigation into the CFO's actions.
- Approval and implementation of the CSR strategy and code of conduct.
- Completion of ethical leadership training programs.
- Establishment of communication channels with stakeholders.
- Public announcement of the company's commitment to CSR and ethical governance.
By taking these steps, GLWT can demonstrate its commitment to ethical business practices and build a sustainable future for the company and its stakeholders.
Hire an expert to write custom solution for HBR business ethics case study - Great Lakes: Great Decisions
- Fiji Water Corporate Social Responsibility Green Makeover Greenwashing Case Study Solution
- Hydrofruit Inc Ripe Harvest Rotten Tomato Case Study Solution
- Canatures Sustainable Development Explorations Practices Case Study Solution
- Dont Just Dump Saving Sandy Pond Case Study Solution
- Rohner Textil Ag Case Study Solution
- Full Surprises Dietary Supplements Gym Tale Corporate Social Responsibility Case Study Solution
- Sierra Nevada Brewing Co End Incentives Case Study Solution
- Raise Glasses Waters Magic Strategic Sa Water Case Study Alignment Outsourcing Governance Case Study Solution
- Bp Plc Going Beyond Petroleum Case Study Solution
- Models Corporate Governance Whos Fairest Case Study Solution
- Safe Water Project Improving Access Safe Water Innovative Sales Distribution Models Case Study Solution
- Evolution Practitioner Leadership Case Study Solution
Case Description
One of the few remaining producers of lead additives must decide whether to continue producing them for use abroad. Banned in the United States, lead additives were still legal in developing nations. Ellie Shannon, the division manager overseeing bromine production for the Indiana-based Great Lakes Chemical Corporation (Great Lakes), must advise Great Lakes' directors on whether the company should 1) continue production for the foreseeable future, while developing countries moved from leaded vehicles to unleaded vehicles; 2) wash its hands entirely and immediately of the lead additive business; or 3) aggressively phase out its participation in this marketplace, with a five-year deadline, while lobbying for developing nations to switch to unleaded gasoline. Each of the options had its downside, however, financially, operationally, and in terms of reputation. Great Lakes placed a great deal of importance in its shareholders' well-being and in remaining a viable company, but it also wanted to be-and to be seen as-a respectable corporate citizen.
🎓 Struggling with term papers, essays, or Harvard case studies? Look no further! Fern Fort University offers top-quality, custom-written solutions tailored to your needs. Boost your grades and save time with expertly crafted content. Order now and experience academic excellence! 🌟📚 #MBA #HarvardCaseStudies #CustomEssays #AcademicSuccess #StudySmart Write my custom case study solution for Harvard HBR case - Great Lakes: Great Decisions
Hire an expert to write custom solution for HBR Business Ethics case study - Great Lakes: Great Decisions
Great Lakes: Great Decisions FAQ
What are the qualifications of the writers handling the "Great Lakes: Great Decisions" case study?
Our writers hold advanced degrees in their respective fields, including MBAs and PhDs from top universities. They have extensive experience in writing and analyzing complex case studies such as " Great Lakes: Great Decisions ", ensuring high-quality, academically rigorous solutions.
How do you ensure confidentiality and security in handling client information?
We prioritize confidentiality by using secure data encryption, access controls, and strict privacy policies. Apart from an email, we don't collect any information from the client. So there is almost zero risk of breach at our end. Our financial transactions are done by Paypal on their website so all your information is very secure.
What is Fern Fort Univeristy's process for quality control and proofreading in case study solutions?
The Great Lakes: Great Decisions case study solution undergoes a rigorous quality control process, including multiple rounds of proofreading and editing by experts. We ensure that the content is accurate, well-structured, and free from errors before delivery.
Where can I find free case studies solution for Harvard HBR Strategy Case Studies?
At Fern Fort University provides free case studies solutions for a variety of Harvard HBR case studies. The free solutions are written to build "Wikipedia of case studies on internet". Custom solution services are written based on specific requirements. If free solution helps you with your task then feel free to donate a cup of coffee.
I’m looking for Harvard Business Case Studies Solution for Great Lakes: Great Decisions. Where can I get it?
You can find the case study solution of the HBR case study "Great Lakes: Great Decisions" at Fern Fort University.
Can I Buy Case Study Solution for Great Lakes: Great Decisions & Seek Case Study Help at Fern Fort University?
Yes, you can order your custom case study solution for the Harvard business case - "Great Lakes: Great Decisions" at Fern Fort University. You can get a comprehensive solution tailored to your requirements.
Can I hire someone only to analyze my Great Lakes: Great Decisions solution? I have written it, and I want an expert to go through it.
🎓 Struggling with term papers, essays, or Harvard case studies? Look no further! Fern Fort University offers top-quality, custom-written solutions tailored to your needs. Boost your grades and save time with expertly crafted content. Order now and experience academic excellence! 🌟📚 #MBA #HarvardCaseStudies #CustomEssays #AcademicSuccess #StudySmart Pay an expert to write my HBR study solution for the case study - Great Lakes: Great Decisions
Where can I find a case analysis for Harvard Business School or HBR Cases?
You can find the case study solution of the HBR case study "Great Lakes: Great Decisions" at Fern Fort University.
Which are some of the all-time best Harvard Review Case Studies?
Some of our all time favorite case studies are -
Can I Pay Someone To Solve My Case Study - "Great Lakes: Great Decisions"?
Yes, you can pay experts at Fern Fort University to write a custom case study solution that meets all your professional and academic needs.
Do I have to upload case material for the case study Great Lakes: Great Decisions to buy a custom case study solution?
We recommend to upload your case study because Harvard HBR case studies are updated regularly. So for custom solutions it helps to refer to the same document. The uploading of specific case materials for Great Lakes: Great Decisions ensures that the custom solution is aligned precisely with your needs. This helps our experts to deliver the most accurate, latest, and relevant solution.
What is a Case Research Method? How can it be applied to the Great Lakes: Great Decisions case study?
The Case Research Method involves in-depth analysis of a situation, identifying key issues, and proposing strategic solutions. For "Great Lakes: Great Decisions" case study, this method would be applied by examining the case’s context, challenges, and opportunities to provide a robust solution that aligns with academic rigor.
"I’m Seeking Help with Case Studies,” How can Fern Fort University help me with my case study assignments?
Fern Fort University offers comprehensive case study solutions, including writing, analysis, and consulting services. Whether you need help with strategy formulation, problem-solving, or academic compliance, their experts are equipped to assist with your assignments.
Achieve academic excellence with Fern Fort University! 🌟 We offer custom essays, term papers, and Harvard HBR business case studies solutions crafted by top-tier experts. Experience tailored solutions, uncompromised quality, and timely delivery. Elevate your academic performance with our trusted and confidential services. Visit Fern Fort University today! #AcademicSuccess #CustomEssays #MBA #CaseStudies
How do you handle tight deadlines for case study solutions?
We are adept at managing tight deadlines by allocating sufficient resources and prioritizing urgent projects. Our team works efficiently without compromising quality, ensuring that even last-minute requests are delivered on time
What if I need revisions or edits after receiving the case study solution?
We offer free revisions to ensure complete client satisfaction. If any adjustments are needed, our team will work closely with you to refine the solution until it meets your expectations.
How do you ensure that the case study solution is plagiarism-free?
All our case study solutions are crafted from scratch and thoroughly checked using advanced plagiarism detection software. We guarantee 100% originality in every solution delivered
How do you handle references and citations in the case study solutions?
We follow strict academic standards for references and citations, ensuring that all sources are properly credited according to the required citation style (APA, MLA, Chicago, etc.).