Let it Ride
Vendor selection. Using personal relationships to choose vendors.
Selecting the right vendor is strategic and often a long process. This vignette tackles the issue of using a certain vendor based on a personal relationship with the vendor. We see how this can negatively impact the organization.
Suggested Industry Usage
- Ensuring Professional and Compliant Behavior
- Promoting Ethical Conduct
Training Files (5)
Trainer Comments: Selecting vendors based on personal relationships is likely against corporate policy - not to mention possibly being a SOX/compliance issue. Companies have internal controls in place to avoid such issues. This vignette also touches on retaliation for escalating such policy infringements.
Explore the Program: Good People, Bad Choices™ A Guide to Ethical Decision Making