Business Research Ethics
Business Research Ethics
Over the years unethical business research has changed the way businesses are run. Scandals were happening way too often, so laws and regulations have made adjustments in effort to better prevent the unethical practices. The company, Enron, was a leading reason for some of the changes because it was one of the largest scandals and fastest collapse of an entire corporation. Most individuals that were involved in the fall of Enron have been tried and convicted for their unethical business research conduct. The article, “The Case Analysis of the Scandal of Enron” by Li Yuhao, describes the unethical behavior involved, the injured parties, the affect from the behavior, and how the unethical behavior could have been shunned.
The top executives at Enron were involved in the scandals, but the auditors from the Arthur Andersen Company were also responsible for the unethical actions. The SWOT analysis was a big contributor to the immoral research behavior because they chose to overlook the threats, weaknesses, strengths, and opportunities that could have been applied to help save the company and avoid the collapse. Yuhao (2010) stated, “It has been suggested that conflicts of interest and a lack of independent oversight of management by Enron's board contributed to the firm's collapse” (p. 38). The executives and auditors unethical actions on the research for Enron not only caused the company to fail but also injured many parties.
The injured parties in this awful situation are the employees and investors because they lost everything, and no matter who is convicted for the crimes, it will never repay them for all that they lost. The others who were injured in this behavior are the families of the ones who acted unethical. They might be without a husband or father now, and a few were even caught in the scandal too like Lea Fastow because she helped her husband, Andrew Fastow, cover up their personal tax frauds from the money they were receiving
Over the years unethical business research has changed the way businesses are run. Scandals were happening way too often, so laws and regulations have made adjustments in effort to better prevent the unethical practices. The company, Enron, was a leading reason for some of the changes because it was one of the largest scandals and fastest collapse of an entire corporation. Most individuals that were involved in the fall of Enron have been tried and convicted for their unethical business research conduct. The article, “The Case Analysis of the Scandal of Enron” by Li Yuhao, describes the unethical behavior involved, the injured parties, the affect from the behavior, and how the unethical behavior could have been shunned.
The top executives at Enron were involved in the scandals, but the auditors from the Arthur Andersen Company were also responsible for the unethical actions. The SWOT analysis was a big contributor to the immoral research behavior because they chose to overlook the threats, weaknesses, strengths, and opportunities that could have been applied to help save the company and avoid the collapse. Yuhao (2010) stated, “It has been suggested that conflicts of interest and a lack of independent oversight of management by Enron's board contributed to the firm's collapse” (p. 38). The executives and auditors unethical actions on the research for Enron not only caused the company to fail but also injured many parties.
The injured parties in this awful situation are the employees and investors because they lost everything, and no matter who is convicted for the crimes, it will never repay them for all that they lost. The others who were injured in this behavior are the families of the ones who acted unethical. They might be without a husband or father now, and a few were even caught in the scandal too like Lea Fastow because she helped her husband, Andrew Fastow, cover up their personal tax frauds from the money they were receiving