This website uses cookies to ensure you have the best experience. Learn more

Snc Lavalin Essay

574 words - 3 pages

SNC-Lavalin was one of Canada’s largest and oldest engineering companies. This assignment will talk about the communication problems that the company has faced, the causes and symptoms of those problems, the key stakeholders that are affected by these problems and how the communication model can be used to deal with the key stakeholders.

The two main communication problems that the company faced were financial transparency and unethical actions within the company. Financial transparency affected the company as the company and the stakeholders were not on the same page, as the company did not properly share the correct financial information with the stakeholders of the company. The unethical actions also affected the company as the poor communication between the company and their stakeholders led to situations where the company acted in unethical situations.

The causes of ...view middle of the document...

The symptom of the financial communication problem was that the company’s financial records showed a shortage of $56 million and the symptom of the unethical action problem was the continued use of unethical actions by the company. The $56 million that was missing was because of the company’s inaccurate presentation of their records to their stakeholders, which led to financial transparency. The continued use of unethical actions was a result of poor communication, as the company did not properly relay information along to their stakeholders about their decisions on important issues, which led to them to perform unethical issues without the stakeholders knowing anything that was going on.

The key stakeholder group that is involved is the investors. They are an important group to the company as they are the ones who invest their money into the company so that the company can keep their operations going. However, the company had poor communication with their investors, which led to the unethical actions to begin. Once news about their financial and unethical misdoings came to light, the investors were hit the hardest, as they had to face the criticism of the public about the company’s wrongdoings when they didn’t even know about the unethical actions firsthand.

SNC-Lavalin can use the communication model to deal with their investors. They can encode a message to their investors through the use of financial statements. These financial statements will have the documents the investors need to understand the situation about the unethical financial actions that the company performed. This way the communication between the sender and receiver (SNC-Lavalin and the investors, respectively) will not be miscommunicated in the wrong way.

In conclusion, SNC-Lavalin had poor communication with their stakeholders and did some illegal and unethical misconduct as a result of that. In order to have good communication, they should follow the communication model which will result in better and smarter actions by the company.

Other Papers Like Snc-Lavalin

Hate Crime Laws Essay

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages ‘It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages’ (Henry Ford, cited in Johnson and Weinstein 2004, p. 2). When the Ford Motor Company announced that it would more than double the wages of its workers in January 1914 to a ‘five-dollar day’ minimum, was this a contradiction to Henry Ford’s statement? If customers are actually the ultimate payers of wages, then more than

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Leadership Portrayed in Monologue from Shakespeare’s Henry V

1214 words - 5 pages Leadership is defined as a socially constructed process and which also affect organizational future outcomes. Leader is someone at high position who have overall duty for an organization, she or he decide what to do and the way how to achieve it. (Carter and Greer, 2013)The role of leader is extremely important for an organization, leader use their own power to influence the followers though many different ways such as motivation in order to

Cuba Civil Rights

1906 words - 8 pages Picture a country that has limits on how much you can make random government imprisonments and more what do you do. That is the situation for the eleven million seventy-five thousand two hundred forty-four people of Cuba since the takeover of Fidel Castro. The US is opposed to Castro taking control of Cuba. Castro managed to ease the United States nerves when he said that Cuba was against all forms of communism. According to Lana Wylie the Union

US Freight System

1273 words - 6 pages General Environment Each American requires the movement of approximately 40 tons of freight per year across the freight network. This includes everything from shirts to lawn mower to orange juice. • As the U.S. population expands, the U.S. freight system will be called upon to meet the demands of a larger population • Between 2010 and 2035, the system will experience a 22 percent increase in the total amount of tonnage it moves • By 2050, with

Related Essays

Commumications Essay

1330 words - 6 pages |Improbable Plot Casts Unflattering Light on SNC-Lavalin | | | | |In October of 2012, one of Canada’s largest engineering |merger of two Montreal-based engineering firms in 1991. SNC | |companies, which was also one of the world’s five

Concepcion Plant Essay

1403 words - 6 pages quarter of 2015 (phase I) and November 2016 (phase II).” Banias said PCPC is set to have its financial closure next month aside from evaluating the Engineering Procurement and Conception (EPC) proposals of firms that bid for the construction of the project. ABCI also tapped Canadian construction firm SNC-Lavalin Inc. for the plant’s engineering works. SNC-Lavalin is global leader in engineering and construction in the fields of hydroelectric

Group Dynamics Essay

1412 words - 6 pages , SNC Lavalin was recently banned from World Bank projects because of unethical practices at the executive level. The company was banned from working on any bank projects because of high-level bribery. Lack of ethics in an organization can tarnish the company image, and create huge revenue losses, as exemplified by SNC-Lavalin’s high stakes project loss. It is highly likely that for this to occur, there must not have been high levels of ethics

Freedom And Responsibility Essay

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were