Unethical Behavior in the Workplace: Causes and Corrections Lisa Witzel University of Central Oklahoma Ethics and Organizations Ethics As the lines between what is moral and ethical and what is not becomes more blurred‚ it is important more than ever to desire and maintain an ethical work culture. In the past few decades‚ the fast pace of technology‚ the moral disintegration of values in the general population and the blatant disregard for ethical
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WorldCom: Organizational Culture and Unethical Safeguards Organizational culture is one of four influences whether an ethical or unethical behavior will be made. WorldCom’s demise‚ deliberately overstating their income by $7 billion between 1999 and 2002; and their once valued stock of $180 million becoming nearly worthless‚ can attribute a significant amount of their failure on their “dis”organizational culture. Corporations worldwide who do not think this type of fraud can happen at the hands
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A Survey of Behavioral Finance Nicholas Barberis and Richard Thaler In this handbook‚ Barberis and Thaler define the differences between traditional finance and behavioral finance. Traditional finance is rational.Rationality means two things; correct Bayesian Updating and choises consistent with expected utility. On the other hand behavioral finance assumes that market is not fully rational and analyzes the facts when the some of the princibles are loosen up. This
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The article‚ Behavioral Study of Obedience written by Dr. Stanley Milgram of Yale University was published in 1963 by the American Psychological Association (Milgram‚ 1963). In this article we explore one of the most widely studied articles of obedience in psychology. Dr. Milgram conducted an experiment that focused on the connection between the conscience and obedience to authority or commands. The first of many experiments took place in July 1961 after the trial of Adolf Eichmann. Eichmann
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counseling we have studied in this class‚ I find myself leaning more towards the cognitive-behavioral approach‚ for the fact that it promotes making changes inwardly (cognitively) to affect change outwardly (behaviorally. It is important to note that not all problems can be resolved through cognitive-behavioral approach. Our textbook mentions two specific problems that a combination of specific cognitive-behavioral intervention can treat‚
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undervalued stock. A good example would be when the economy goes into a recession. There was no possible way to predict that the economy would take a down turn so fast. On the other side of the fence is the behaviorist group of economists. The behavioral finance concept is based on rational theories. The thought process is that people behave rationally and predictably. Richard Thaler‚ a member of the “behaviorist”school of economic thought changed this vision. He expressed concern that people
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Affairs among members of the large corporate structures are not uncommon and can be found documented in many different venues. When a Chief Executive Officer (CEO) chooses to have an affair with an employee on his staff‚ many questions can be raised. Is it a question of whether the affair was wrong‚ or whether the conduct reflects poorly on not only the person’s involved‚ but the company that was involved? Perhaps it just came down to Mr. Stonecipher not practicing what he preached. From an ethical
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Sherlock Holmes is a very strange man. He is a detective who can solve a mystery without even seeing what seems to be like too much evidence. His ethics are very interesting. He believes that murder cases turn out to have very complex ways of happening. He does not believe in the solar system‚ which the narrator thought was very weird. His decision to join the case to help was a just decision‚ because without him the case wouldn’t have been solved correctly. Holmes seems to always stick with his
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Have you ever gone to a fast food restaurant and wondered what is really in your cheeseburger? If you knew what was in it‚ there is a good chance you would not want to eat it. The real tragedy is that the American beef industry knows this‚ so they make it difficult for the average person to learn what goes into the production of their beef. But the beef industry is not the only party that is guilty of this. The large corporations who produce our food are all doing the same thing. The morality
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Jacobs Ethics are well-founded standards of right and wrong from one’s point of view. Ethics are also honesty and loyalty. Ethics is not always what society accepts‚ ethics won’t be the same as some one in your religion‚ region‚ work‚ state‚ country‚ not even with the same family. To be ethical you must go buy one’s felling’s of ethics. Charlie Gordon is a adult man with an IQ of 68. Charlie is pursuant about trying to become smarter. Charlie goes to a night school to get smarter‚ but it has very
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