Impacts of Unethical Behavior Adam S. Wilcox XACC/280 5/9/2012 Angelia Hunter Impacts of Unethical Behavior The collapse of Enron in 2001 shed the light on a number of unethical business and accounting practices in the corporate world. In 1986 Enron CEO Kenneth Lay combined his Houston Natural Gas company with several other companies. At this time the company began growing exponentially. By the mid-1990’s the deregulation of the oil and gas industries allowed Enron to spend
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In his story "A Sweatshop Romance‚" Abraham Cahan does a good job of creating a clear visual of the activities that occurred at the coat-making factory of Mr. Leizer Lipman‚ a Jewish-American who got married to a woman from a poor town in Western Russia. In this story‚ there are certain propagandistic situations as well as anxieties and concerns that relates to class-consciousness in the twentieth century. According to the story‚ Mrs. Lipman‚ the proprietor’s wife and a co-owner of the business occupied
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“Unethical Decisions Making is at the For-Front of Corporate Scandals” BUS600: Management Communication with Technology Tools” Sherrie Lewis Altrice Mitchell December 12‚ 2011 Ashford University Individuals make personal decisions about what they believe is right or wrong. These decisions are based on ethics. Ethics are a set of moral principles in values that govern behavior. Like individuals‚ businesses develop ethics to help them determine how to behave(Rue‚ Byers‚ 2007). Business
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concerns the moral appropriateness of a course of action (Arrigo‚ 2006). It presents classical theory as an overarching ethical principle that could be applied in solving moral ethical issues. In this case‚ classical ethics will be used in analyzing unethical orders in the military. This means that different perspectives of moral issues will be discussed through the introduction of relativism‚ emotive and ethical egoism. Utilitarianism Utilitarianism favors a course of action that facilitates happiness
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Impact of Unethical Behavior Article Analysis Over the past decade‚ numerous accounting scandals have been revealed. The impact of the unethical behavior exhibited in these scandals caused the companies that were affected to have a huge financial loss for the company as well as investors‚ collapse‚ or become in a financial crisis (Ashe and Nealy‚ 2010). The Sarbanes-Oxley Act of 2002 was passed “in an attempt to codify the ethical behavior of companies‚ their executives‚ and their management”
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Unethical Behavior in Organizations Many organizations spend great amount of resources to implement a set of ethics for employees to follow. However‚ the concept of what is culturally acceptable behavior‚ too often‚ is not aligned with organization’s intended ethics. As result‚ this paper explores the impact of unethical behavior‚ and the effects on the workforce. The intent is to reveal the benefits of business research and how this tool can unravel innovative solutions to dealing with unethical
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Sweatshops are typically associated with inhumane treatment of the working poor‚ and people without choice of work and labour conditions. The general consensus of the global community is that sweatshops are unprincipled and unacceptable. An economic analysis of the economics of sweatshops identifies their benefit to the economies of developing nations. Globalization has caused an increase in sweatshop labour‚ which benefits the economies of developing nations and the standard of living of the sweatshop
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Unethical Behavior and its Cost 1 The Fall of Dennis Kozlowski Many leaders work hard and strive diligently to lead companies to success and wealth in an ethical manner. In doing so‚ the reputation of the company is enhanced as are the benefits to the shareholders and the public. That notwithstanding‚ some leaders have been identified with exhibiting poor judgement and gross unethical behavior
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2.2.1 Impact on Stakeholders This kind of unethical way of branding to rip off the best sellers‚ employees will be directly affected in terms of creativity and the job performance. It is because Tesco branding could lead to all the employees to be less creativity towards their products and eventually lowered down the job performance badly (Gong‚ Huang & Farh‚ 2009). All the products they produced is almost similar to those bestselling brands‚ they just refer and create a similar one and label
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Secrets‚ Lies‚ and Sweatshops summary The article Secrets‚ Lies‚ and Sweatshops written by Dexter Roberts and Pete Engardio talks about sweatshops in China and how the auditors to lie about and have labor ethics concealed from them. With China being the number one importer for the United States‚ it should be important that they obey some labor laws to an extent. They obviously aren’t doing that. One specific case is that of the company Ningbo Beifa‚ which is the top supplier for pencils
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