Ethics Case Study Ethical business behavior can be defined by business leadership. “Generally speaking‚ an action or choice can be considered ethically correct if it’s honest‚ fair‚ supports a beneficial outcome for both parties‚ and generally enables the overall corporate image and vision” (Definition of Ethics‚ 2002). In the following we will discuss how economic pressures on China‚ Jamaica‚ and America play a role in the ethical decision-making for financial‚ environmental‚ and cultural issues
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Shaan Yen Studet ID number: 1241413 Paper code: 285008/16 This essay looks at the ethics involved in a high profile sex offence case recently dealt with in the Auckland District Court. The case was published in the New Zealand Herald on the 3 September 2011. Kantian and Utilitarian theories were applied in discussing four different perspectives of the key participants; The Judge‚ The Offender‚ The Victim‚ and The Public. The Judge‚ Philippa Cunningham‚ discharged the offender without conviction
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Business Environment Q. Use virtue matrix framework to analyze Water Tank Industries. A. The virtue matrix depicts forces that generate corporate social responsibility. In the case of Water Tank Industries‚ instead of giving something back to the society‚ the company pollutes the local residential area which makes the people very unhappy. Talking about the civil foundation of the matrix‚ the company does not follow simple norms and ethics. The laws governing the activities are also very weak‚ as
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Enron Research Paper In 2001‚ the world was shocked by the demise of Enron‚ a multibillion dollar corporation that had thousands of employees and people that had affiliations with the company including The White House itself. Because of the financial chaos and destroyed lives and reputations this catastrophe left in its path‚ questions arose concerning how exactly it happened‚ why it occurred‚ and who was behind it. It is essential to understand how this multibillion dollar corporation rose to power
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tells the public or someone in authority about alleged dishonest or illegal activities. However‚ Sharron Watkins only blew the whistle internally and so did not do everything she was morally required do as Vice President of Corporate Development for Enron. 1. Sharron Watkins ignored the first signs of fraud in a selfish pursuit to develop her own career. When first warning signs of fraud happened in 1996 Watkins protested against them to higher management however got no response. Instead of alerting
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Abstract Enron became one of the largest natural gas and energy trading companies in the world. During the 90 ’s Enron was considered as an innovative company within the global business market. Enron was known for its unique innovative technologies and distinctive approach to trading in the world of e-commerce. On December 2‚ 2001‚ Enron announced the biggest bankruptcy in history and when many people hear the word‚ Enron they associate it with the one of the most important accounting scandals
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HP SCANDAL Case Facts In early 2005‚ Silicon Valley giant Hewlett-Packard found itself in the undesirable situation whereby confidential company information being leaked from its Board of Directors. Former Chairman of the Board‚ Patricia Dunn‚ ordered an investigation into the Board room leaks which encompassed two phases known as ‘Kona I’ and ‘Kona II’. Kona I started in early 2005‚ and was contracted to Security Outsourcing Solutions‚ Inc. (SOS) to perform this investigative work. The investigation
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ENRON Background and Overview: Enron was famous in the business world. Known as the innovator‚ technology powerhouse and a corporation. It was named the America’s most innovative company for six years by Fortune’s Most Admired Companies survey. The fall of Enron in 2001 shattered not just the business world‚ but also the lives of the employees and the people who believed that their soar to greatness was genuine. It turns out to be the America’s biggest corporate bankruptcy. Before the
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versions of Virtue Ethics address the weaknesses of Aristotle’s teachings on virtue? Aristotle’s idea of Virtue Ethics was influenced by his belief that all things and all humans have a purpose (a telos). For him a complete explanation of something has to include its final cause or purpose which essentially is to realise its potential. Virtue Ethics itself is concerned with the characteristics of a person rather than how a person behaves and it is this he outlined in his book Nicomachean Ethics. A ‘’virtue’’
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Enron‚ what caused the ethical collapse? Q1. What led to the eventual collapse of Enron under Lay and Skilling? A1. There are many reasons‚ which led to the collapse of Enron. With the senior leadership of the company not holding/staying true to the company’s code of ethics‚ not enforcing many laws (which led to the company violating those laws). Therefore‚ the inability of the senior leadership to ensure that there are not only written practices as to how business should be done‚ but actually
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