Most companies are today setting up certain 'ethical codes of conduct', which the employees, right from the top echelons, are expected to follow; in fact, it is considered a business imperative to follow a code of ethics within the various operations of the firm. (Ethics in Business)
What prompted this sort of measure was the fact that not only were quite a few companies suffering losses from the breach of trust that the lack of ethics was inflicting, but also because of the fact hat investors and consumers were also suffering. The recent wave of scandals that rose from the series of frauds and the feeling of a lack of ethics among the top personnel in companies on Wall Street that came to light has brought the attention of the entire world on the changing ethics in the major companies of today, and this has led to a need to change this trend and bring ethics in business back to the forefront. (a New Regard for Ethics on the Job)
When Enron wanted to develop its company, and became involved in the concept of the 'new growth model', it was decided that the company would only take the lower road to attaining profits and to expand its business. (Geisst, 398) Kenneth Lay, one of the most important people of Enron, in other words, the Chairman and the Chief Executive had to prepare to appear before the Court in order to prove his innocence and proper behavior according to the existing code of ethics followed by any company of Enron's standing, which had come under question in 2002. (Enron Lapses and Corporate Ethics)
What was his crime, and what was he accused of? Kenneth Lay was accused, in a 11 count indictment, of lying to...
The less direct the impact, the more likely the stakeholder is to use consequentialist considerations to just the actions of managers. For example, government did not react to the need for improved governance and pass Sarbanes-Oxley until after multiple scandals had occurred. Millions of Americans lost money and faith in the financial system was eroded, threatening further harm. If the scandals had not resulted in outcomes so severe, it
The Bank CEO's Role in Defining Ethical Integrity Based on a thorough review of existing literature of the role of ethics in the banking industry, the role of the CEO as the ethical leader of their organization is next discussion. Based on the concepts presented in the paper to this point as the foundation, these key points provide insights into how CEOs and senior management actively shape the ethical standards of
These include collaborative platforms including Facebook private pages, Wikis and enterprise content management (ECM) portals used for managing content so it is available on a 24/7 basis. Microsoft has an inherently difficult problem to solve internally about ensuring more opportunities for their talented off-shore programmers to participate in the most challenging and professionally rewarding projects based in the U.S. This ethnocentric attitude has been viewed at times as unethical
Researchers have an occasion to further organizational science and to make research practical by producing information that can impact changing organizational forms and circumstances. Pragmatically, academic researchers are not likely to get access to a company that is going through change unless the practitioners believe the research will be helpful (Gibson & Mohrman, 2001). There have been a number of calls to augment the significance and effectiveness of organizational science
Business Decision-Making Process Decision-making through Business Environmental Scanning As a relatively new research agency in the market research industry, our firm has two main objectives for this year. The first objective is to increase profitability through increased number and/or higher research costs. The second objective, meanwhile, is to increase the firm's "visibility" in the market research industry, and be recognized as one of the major players in it. In order to achieve
Alford reports that "for some, the earth moves when they discover that people in authority routinely lie and that those who work for them routinely cover up. Once one knows this, or rather once one feels this knowledge in one's bones, one lives in a new world. Some people remain aliens in the new world forever. Maybe they like it that way. Maybe they don't have a choice." (Alford,
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now