Business Research Ethics

When most people think of the word ethics or morals, some think of rules for know the difference between right and wrong. Another way of defining ‘ethics’ focuses on the disciplines that study standards of conduct, such as philosophy, theology, law, psychology, or sociology. (Resnik, 2011) The Enron scandal would be a perfect fit for Business Research Ethics. Enron had unethical behavior problems and injured parties that suffered from their mistakes. In many ways the Enron scandal opened up quite of a few doors for future issues. The company was once a really big company estimated at about $29 billion at the time of the scandal. In the early 2000’s, Enron, was a natural gas pipeline company turned into an online marvel. (Lashinsky, 2001) But in 2001 they came down hard and their entire consumers and staff were in shock. Enron was hypothetical; a company that would help their consumers collects more money. There was some unethical behavior involved in what Enron did, for example; the company was running a Ponzi scheme designed to enrich the top executives and defraud stockholders. ("Decoding Enron," 2002) That, at least, was the impression left by a scalding examination of the company's operations prepared by a special committee of Enron's board of directors. ("Decoding Enron," 2002) There was a report that was made in February 2002 that states that the partnership transactions ''served no apparent business purpose for Enron ("Decoding Enron," 2002) With Enron going down there were quite a few of injured parties that were also caught off guard from this scandal.
The collapse of a very strong company injured several parties including their former staff, politicians, banks, and stockholders. For the third quarter while the company was still afloat, they reported a substantial incurred loss of a total of $638 billion and overstated