When managers of a firm seek to unilaterally rewrite the terms of a contract with suppliers, buyers, or complement providers in a way that is more favorable to their firm they are engaging in

Question

Quizplus · Accepted Answer

When managers unilaterally rewrite a contract to benefit their firm, they are taking advantage of the other party and exploiting their position of power. This is known as opportunistic exploitation and is generally considered unethical. Corruption and self-dealing may also apply in certain situations, but opportunistic exploitation is the most appropriate answer. Ethical behavior and philosophical ethics are not relevant in this context.

When Managers of a Firm Seek to Unilaterally Rewrite the Terms