Business Finance - Management QSO 349 Homework ( week 8)

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In response to your peers' posts, comment on whether you believe the issues raised by ethical or unethical behavior have changed over time and why changes have or have not occurred.

To complete this assignment, review the Discussion Rubric PDF document.

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Brooke Anderso

Hello Classmates,

Our module 8 resource reading explained the issue of inaccurate bid assumptions made by contractors, and their negative impacts. Contractors were often awarded a bid based on a mistake, or dishonest intentions. Inexperienced bidders often made undervalued labor cost assumptions and inaccurate quantity of materials required. Honest contractors often lost money, instead of profiting. Then, it was just a matter of time before the honest contractor eventually had no business (British architect, 1877).

I do believe procurement ethics have evolved slightly, over the last 130 years. In 1877, “a contractor who relies entirely upon making a living by doing good honest work, will starve in less than a year” (British architect, 1877). This was mainly because not many people were willing to pay what quality work cost. In our current society, people seem more aware of the reasons why quality work often costs more, thus are will to pay for it. There is also probably more people in today’s society that earn higher incomes, allowing them to have the option to buy the “best”. One does need to remain cautious though, and perform research on potential contractors since the saga of low bids/cheap/crappy/work is still a thing consumers are contending with.

Reference:

British architect . (1877, April 13). THE ETHICS OF CONTRACTING. Retrieved from http://snhu- media.snhu.edu/files/course_repository/undergraduate/qso/qso349/the_ethics_of_contracting.pdf

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Austin Smith

Hi Class! Congratulations on making to the final week of this course!

After reviewing the module resources, I think an excellent example of how procurement ethics

has changed in the past 130 years would be how the mindset of businesses has changed. In the

past, when a business procured services, organizations had to send resources to contact

contractors for bids through the post office, telephone, or going to that place of business. When

bidding on a project, there were ways a contractor could cut corners so they could win a bid on a

contract. Since then, different acts have been enacted to protect these organizations. In the past20

years, the internet has made this process easier to accomplish these tasks. The power of the

internet and how everyone is connected make it easier for contractors, organizations, and people

to write reviews or make unethical public behavior. As a result, the power of the internet has

changed procurement in ethics because contractors are more cognizant and are forced to make

better ethical decisions when performing tasks on a project in fear of a profit loss. An example

would be how H&M clothing publishes just under 99% of their suppliers' information on their

website to ensure they are held accountable publicly and allows verification that suppliers are

following the company's standards. (Lavergne, 2017)

Lavergne, M. (2017, June 1). How innovation in Traceability is creating accountability in Retail

Supply Chain. Trade Ready. Retrieved April 14, 2023, from