Skeletons in the Closet

In: Business and Management

Submitted By catkinso
Words 515
Pages 3
Skeletons is the Closet
The case begins with David Fisher, and Donna Cooper, exploring in the archives for nostalgic items to celebrate the 75th Anniversary of GPC. The two happen across a series of love letters which implied that the formula of Parkelite, was in fact stolen.
In the world of competition, the reputation of your company is paramount. Ironically, General Parkelite Company (GPC) founded itself upon the quality of its work it produces. Should GPC be completely honest when this discovery was found or kept it public?
GPC is regarded for its honesty, integrity , and a deeply entrenched culture of good work ethic. This is the foundation of GPC’s strength and is felt on every level of the organization. These are the companies values and they work from them.
This newfound information could potentially ruin the prestige reputation of the company and the Parker name. Given the situation that their founder was a theif, must make the correct decision. Ethically, they should go public with the new information, accept the damage to the reputation and accept the lighter punishment. The ethics of the company were core to this dilemma.
Obviously, GPC’s competitors would utilize this situation to punish them and try to take the upper hand. The name GPC would be subject to bad publicity, as well as its image. Sales could potentially drop if there are many close substitutes causing lay offs and potentially further decline until the end of GPC’s existence. Competitors have the potential to gain sales and new customers.
However, given how long ago this situation occurred, some rational people may overlook the fact that it happened long ago. Loyal customers may in fact remain loyal as they know that the current generation had nothing to do with being dishonest if the information is brought to light.
In my opinion, I believe GPC should not go public with the…...

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