Ethics And Professional Responsibilities Applied

It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

With the globalization in world budget, business ethics became essential necessity for companies. Business to business ethics of applicable behaviors in the long-term achievement of businesses in a positive direction, otherwise it has been the supremacy to adversely affect the behavior. As a result, the breakdown of ethical scandals has emerged released in the United States of America and Europe. Business, which

Enron’s ride is quite a phenomenon: from a regional gas pipeline trader to the largest energy trader in the world, and then back down the hill into bankruptcy and disgrace. As a matter of fact, it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (world-class culture) perspectives. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys

Business Ethics is another important college textbook written by Peter Stanwick. The book is filled with real world case studies on different businesses and business situations. Understand the ethics of business helps students, employees and managers to make ethical decisions in today’s complex world. The writer has focused on adding the importance of leadership, decision-making and strategic planning while examining the changing trends of business ethics. The chapters of the book covers important topics like role of morals, foundation of ethical theory, global business standards and business

Business ethics is a major component of organizational success. Companies must strive to act in an ethical way, not only because it is the right thing to do, but also because it is required of them by their stakeholders. Stakeholders have a vested interest in the performance of the organization (Jones, 2012, p. 28), above and beyond the organization’s financial performance. While shareholders expect to receive returns for their financial backing (p. 29) and expect an organization to behave in a way that ensures those returns, other stakeholder such as consumers (p. 30), the government (p. 32) and special interest groups (Weiss, 2014, p. 13), may be more concerned with how an organization operates and whether they follow legislated and/or accepted norms of ethical behavior (p. 50). Should an organization and its leadership cultivate a culture/structure in which unethical behavior flourishes, especially in this age of heavy government oversight, that organization will not last long. This paper sets out to

The business world is where most people work during their lives to make a living for themselves. Those same businesses run on a thin line of being ethical or crossing that line and ending up splayed on the front page of the next day’s news. During the first two chapters of Business Ethics: Ethical Decision Making and Cases, it is discussed that business may allow themselves to slip into being unethical, and pay the price for a greater reward. Ron Carucci, a writer for Forbes.com states in his article, “Will Your Ethics Hold Up Under Pressure”, that “Helping businesses to perform just a little better, just a little more ethically, is arguably the most important project humanity can undertake.” Having ethics in business does aid a company in

Ethical issues are a significant area for companies doing business deals on a daily basis. In today’s high tech and the ultra-competitive business world, unfortunately, ethical conduct is often ignored. Many huge companies like Enron, Arthur Anderson, AIG, Fannie Mae and Freddie Mac, as well as Bank of America, are crushed, or seriously damaged with the lack of ethics compass in place. Organization ethics is the guidelines and principles by which businesses operate; “the principles and values of each person in a business” will have “a direct influence on the company’s success” (Renshaw, Kubat & Angellotto, 2013, p. 11).

Mr Surly’s attitude indicates he may be using inductive (bottom up) reasoning in an attempt to justify

Beyond the dollars and cents, the Enron catastrophe offers a new textbook example of failed ethics in business. Individuals are responsible for their actions; unethical or illegal individual actions are systems of systemic problems, and Enron’s system of accountability, oversight, ethical disclosure and corporate concerns were flawed. The corporate culture at Enron exemplified values of risk taking, aggressive growth, and entrepreneurial creativity. Although these can be positive values, they were not balanced by genuine attention to corporate integrity and value. Since the culture at Enron was not well

Ethics in the workplace and sometimes the lack thereof can significantly influence the success of an organization. Effective leaders often approach ethical dilemmas by identifying alternative actions and their consequences on stakeholders. The aftermath of the disasters caused by Enron, WorldCom, and other businesses, once prominent companies, resulted in a significant loss of confidence in business leader’s conduct. Organizations in today’s highly competitive business environment must develop an ethical culture to withstand the ever increasing scrutiny by customers, governmental regulatory agencies, and their competition. In order for companies effectively to navigate through the ethical

Often an ethical dilemma does not appear abruptly but can rather be the proverbial slow boiling of a frog as they say. Enron was an economic powerhouse in the early to late 90’s. Its financial success was due to a great understanding of the opportunities available in the energy market due to deregulation across the country. The company was founded on sound financial principles which turned to illegal recklessness over time. Key personnel succumbed to unethical pressures which built up slowly over time. Since the public’s trust of professionals in the accounting industry is paramount to society (Mastracchio et. al. 2015) this paper will discuss the ethics not exhibited in the Enron scandal which came to a head in 2001.

Business ethics is an extremely important topic in our world today. This is especially true because of the fact that we live in a changing society where it has become increasingly common to see more and more cases of companies that participate in illegal, immoral and unethical activities. So that we can prevent these behaviors, it is necessary to study and understand how these situations can occur and what we can do to prevent them from happening.

The purpose of this memo is to analyze the ethics of a professional situation in which one party claims undue credit for a project. This case highlights the power of nonverbal communication; it also demonstrates potential hazards due to this power. In this example, David and Sheila are asked to prepare and present a project for an advertising campaign. David works hard to generate ideas but fails to ensure his contributions are recognized. Sheila neglects to communicate and collaborate with David, but later handles the presentation alone. Through her verbal and nonverbal communication, management assumes she is responsible for all of the ideas in the presentation. Sheila fails to correct their assumptions. This is where we begin our assessment of the ethics, dilemmas, and corrective actions that could have been taken.

Every organization also has a profession responsibility to conduct business honestly and ethically. Our readings reported, “Experts estimated that U.S. companies lose about $600 billion a year from unethical and criminal behavior” Kinicki and Kreitner (2009). The organization could avoid having ethical issues by meeting the