Ethics play a role in everyday business. Many company executives in an attempt to build a profitable organization and build individual wealth are confronted with ethical decisions daily. Penn Square Bank and Dow Corning have both made decisions in their business that started out making millions of dollars but ultimately cost them more than could have been imagined. Unethical decisions cause more than just cash to an organization, the loss of reputation could be even more detrimental.…
Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved from https://content.ashford.edu/books/AUPHI445.12.1/sections/sec1.3…
This assignment will help students understand the importance of ethics, ethics within an organization, and ethical decision making. This assignment will create an awareness of ethical practice within their academic life and professional life within their discipline. It will also help students understand the negative consequences of unethical behavior on individuals, organizations, and societies.…
Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved…
Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved from https://content.ashford.edu/books/AUPHI445.12.1/sections/sec9.7…
Throughout our MBA program we’ve learned several business principals, study numerous of case studies and essentially discussed why were these business choices right or wrong. The heavy teaching on ethical decision making gives students the opportunity to apply these teachings, it is easy to observe and analyze where things have gone wrong however it is not so easy when you are presented with a problem and the correct solution may not be the solution you wanted. A recent unethical business decision that had a large impact on society can be seen the In 2007 Young v. United Parcel Service, Inc. case. In 2007 Peggy Young filed a lawsuit against United Parcel Service, Inc. alleging her unfair treatment due to her pregnancy is in violation of the…
It is by no means a new topic. At the library I found plenty of books that focused on Business Ethics published before well before 2000. Simple books like the Power of Ethical Management by Blanchard would have made the Ebbers and Sullivan's decisions much easier on what was the right thing to do. In the introduction to the Corporate Fraud Handbook by JT Wells, it mentions Cressey’s “Fraud Triangle” and Albrecht’s “Fraud Scale” analyzing why people commit fraud (both were models written well before the WorldCom fraud case). Albrecht listed nine motivators to commit fraud and it would be interesting to analyze this case more and see how many of these fit Ebbers. In a way, we should be glad this happened just so we can get corporate priorities…
Review the Enron case information presented in the textbook. If you were a high-level leader in this corporation, how might applying your personal ethics have changed the outcome?…
While researching a growing number of career potentials in the field of criminal justice, one sticks out more than the others. The field of practicing law and being a lawyer certainly created more interest than some of the others. An attorney has an interesting job, and the side of the law he/she chooses to practice proposes different ethical situations that would create potential dilemmas in everyday situations. Attorneys are people that are sometimes charged with the way other people’s lives are affected. With so many different areas of law to study, this paper will address the field of a defense attorney.…
Imagine a scrawny, scarred plantation worker living in the 1800’s out in Hawaii, hunched over all day long with fresh blood dripping down his muddy hands. Slapping at stinging wasps, and soothing scars all day, he struggles to live. This is just another day in the life of a Hawaiian immigrant worker, struggling through life. To keep it short- these plantation workers don’t have it easy. “What is a Hawaiian immigrant plantation worker?”…
I had the pleasure of lunch recently with the former VP of Sales for a $16 million technology company and published author who shares my passion for “transforming business as usual into business at its best.” Mark Faris freely shares another distinguishing credential: he is a convicted felon for fraud and money laundering that led to three years of hard time away from home and family. Mark’s experience was clearly a significant defining moment of his life and career; his passionate purpose today is transforming individuals and organizations to be more honest, accountable and ethical by communicating the importance of morals, principles, and values. I was anxious to talk with him about his journey and perspective on business ethics.…
In the business world, there are certain codes, rules, and regulations each business company or organization must abide by. Without these laws, businesses would be faced with more conflicts and complications than they already do. Large organizations have taken up certain codes to help pilot and supervise their employees and executives in attempts to avoid fraudulence. These codes are called ethics codes, or codes of conduct. Ethics codes are created to help maintain a satisfactory level of ethical behavior within a business or organization and to help companies function more successfully (Mallor, Barnes, Bowers, & Langvardt, 2013, p. 101). Codes of ethics are broken numerous amounts of times in the business world. When these codes are broken, it can lead to multiple complications and scandals for corporations. Two examples of scandal and fraud in the business world are Bernard Lawrence Madoff and ENRON.…
To me, the definition of Ethics is the difference between doing something right and doing something wrong. For example, by going to classes I would benefit by being more prepared for exams which could lead to a passing grade. One recommendation that I have is to do the right thing. You can never go wrong doing the right thing. The second recommendation is to always follow the Code of Ethics or Mission Statement of your Organization. By not adhering to moral standards or principles, there could be unfavorable consequences. Making the wrong decisions in life will not help you benefit anything from that specific decision that you made. Doing something right by going to classes during school would benefit your learning for that day and help you prepare for tests.. The University Of Minnesota and The University of North Carolina both had there own ethical issues to athletes. Sports team have ethical issues within their team. The way the team has ethical issues is if the athletes do not put there main priority school before sports as an athlete. If they do that they will succeed but if they choose to not do that they will have consequences. As I stated above both of these universities have had problems ethically with there athletes in the NCAA Division 1 league which was not good at all. The more effort your team puts into the game…
It is perhaps the most compelling business ethics case in a generation—a textbook version of what can go wrong in an organization that lacks a true culture of ethical compliance. Investors and the media once considered Enron to be the company of the future, but as its demise suggests, it was in reality not a particularly modern business organization, especially in its approach to ethics. On the surface, at least, it appeared to reject progressive innovation in governance and ethics programs and instead sought to circumvent systems that were designed to protect the company and its shareholders. The purpose of this report is not to comment on the legal or political ramifications of the case but rather to focus on the business ethics issues raised by the conduct of the company’s directors and officers, its accountants, and lawyers as it is known to date. It is meant to be a reminder that simply having a detailed code of ethics on the books (as Enron certainly did) is not enough. Organizations need to infuse ethics and integrity throughout their corporate culture as well as into their definition of success.…
Before WorldCom and Enron, many organizations unconditionally placed social and ethical responsibility with administrative legal and compliance obligations, regulations and rules. Today, a company’s ethical behavior is vital to the success of the company. Consumers not only expect but demand that a company is visible in their practices and are held accountable for their actions; be it through internal regulations and rules through the involvement of the government. In this paper, there will be discussions of the social responsibility and role of ethics as it relates to the development of a strategic plan and how the ethical perspective of the author’s perspective has evolved through the studies of the Master’s of Business Administration (MBA) program.…