What was the ethical misconduct in the WorldCom case? 2) What management behaviors led to the financial fraud that was committed? 3) What would you do if you were faced with a similar situation?
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- What was Purdue Pharmaceuticals’ Role Behind the Opioid Epidemic? What was the ethical dilemma that Purdue Pharmaceuticals faced? Should the Sackler family corporate executives, been sent to jail? Were the fines sufficient?why is ethical misconduct more difficult to overcome than poor financial performance?Do you think there is value to the firm and to its shareholders of a strong ethical climate in the firm?Why or why not?
- How would a stakeholder approach, if taken by the companys top leaders and board of directors, have possibly prevented the crisis?According to Texas Health Resources and Intel: Ethics, IT, and Compliance: Should organizations pursue high ethical standards regardless (or in spite of) their bottom-line impact? Or should they limit themselves to those scenarios where “good ethics make for good business?What are the motives behind whistle blowing, in your opinion? Explain it. Is whistle blowing justified? Do you agree with this statement or not? Give reasoning to support your answer.
- Q: Business leaders shouldn't use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.If you were faced with an ethical dilemma, from whom would you seek advice? Describe some decisions that might be good for an organization’s profitability in the short-term, butbad for the organization in the long-term. What factors would you take into consideration if you were thinking about leaving your job ratherthan do something unethical?3. It is undeniable that fraud is rampant in the business economy, where everyone goes and transact with the internet. Share your sentiments about fraud that are occurring in the business economy during this pandemic. What could you advise to the people to avoid fraud? What are the preventive measures would you suggest to avoid Online Fraud?
- What are some of the ethical challenges that managers may face, and how can they navigate these challenges while still achieving business goals?Explain the major ethical theories discussed in class that business people can use to guide their decisions. Which theory do you feel is best in the modern business world? Explain your opinion.As a business leader over the course of your career you will establish patterns of behavior that determine what's capable and what's not within your organization. Create a Code of Ethics for your organization that explains acceptable behavior towards employees, customers, and suppliers. Your Code of Ethics could be a list of guidelines that explains everyone's responsibilities within the organization, or statements of goals for everyone in the organization to meet or exceed, or policies that must be followed to promote ethical behavior from everyone in the organization.