Ethics
In order for Morgan to avoid an obvious unethical condition from happening, she should lead by example. Other employees look upon the business owners and leaders for direction on how they should conduct themselves. As an organization leader, Morgan should make ethical based decisions and review the individuals that she gives other roles at the Company for the same values. She should also show that she appreciates her tasks. As a loyal employee, she should feel that the Company values her works that she puts efforts in accomplishing her tasks. She should be less likely to act unprofessionally (Walden & Thomas, 2007).
Morgan and Jeff Gustar would have avoided the messy situation if they had avoided listening to the uninformed sources for value determination just because the values are in the seller’s Company. People who have already sold such a business cannot make informed sources but instead will tend not to understand all of the incomes that went into making their sales (Walden & Thomas, 2007).
These kinds of behaviors still exist in the modern businesses increased by overconfidence. Being confident is wrong that you are going to sell successfully your business at a fair price unless your confidence makes you to neglect activities that are important to make your sale an actual one. In the modern business, valuation grounds on scientific principles but not the owner’s individual price estimation (Spedding, 2004).
If I were in Morgan’s situation, I would make sub-optimal choices on whether it is first taking the buyer that is coming along based on the policies of the sale. This is like any other concession. Because some buyers have a good talk, which they clearly represent it, I would first grasp the enormity of what is involved in the sale (Spedding, 2004).
Reference
Spedding, L. S. (2004). Due Diligence and Corporate Governance. London: Elsevier Science.
Walden, M. L., & Thomas, P. (2007). Battleground: Business. Westport, Conn: Greenwood Press.
