jon24565_ch05.qxd 11/2/05 1:22 PM Page 138 C H A P T E R 5 Business Ethics and the Legal Environment of Business Learning Objectives After studying this chapter you should be able to: 1. Understand the relationship between ethics and the law and appreciate why it is important to behave ethically. 2. Differentiate between the claims of the different stakeholder groups affected by a company’s actions. 3. Identify the four main sources of business ethics, and describe
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The Price of Unethical Behavior MGT7019-8 Ethics in Business Laura M Brooks July 21, 2013 We as a society have assumed companies in whole have been ethical in doing business. It wasn’t until Enron in 2001 that the public has become more aware of business activities. Shortly after Enron, Tyco International caught the public eye. One must first have an understanding of what it is to be ethical and moral. Once there is an understanding of these two terms, one may gain an appreciation of the
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Agenda of final presentation: Company background Scandal (video) Unethical behaviors Business ethics Lesson learned Ten things your company can do to avoid being the next Enron Earlier today, a salesman who works in Iowa called you and told you about an expe- rience he had last week. One of his customers placed a small order of about $1,500 worth of product from corporate headquarters. The home office immediately shipped the package through a freight company, and it arrived
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of ethical issues raised in the movie “Enron-the Smartest Guys in the Room” but the four I am going to focus on are listed below. Art Anderson, Ken Lay and all of the other executives did a number of unethical things which ultimately brought down Enron and affected thousands of employees and their futures. The bottom line was that each and every one of them acted out of greed for the almighty dollar. 1- Encouraging employees to invest and buy stock in Enron when they knew the truth about the lack
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test and monitor the plan and ensure that the employees of the organization are trained and have the support to report and correct ethical issues. It is management's responsibility to ensure that they foster an environment that caters to ethical behavior. They must also ensure that those who violate the policy are held
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Intensity Business Ethics Ethical or Individual Factors Evaluations and Unethical Organizational factors Intentions Behavior Opportunity Ethical-Issue Intensity The first step in ethical decision making is to recognize that an ethical issue requires an individual or work group to choose among several actions that
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continued to elude the government auditors and the stakeholders. From an ethical perspective, there were several factors that contributed to the rise and fall of Nortel. The initial CEO and founder of Nortel, John Roth, demonstrated altruistic behavior because he did want the company to profit, the investors to profit, as well as their primary stackholders. Nortel’s fall from grace came swiftly and on many fronts. Its market capitalization climbed to an all-time high of $398 billion in September
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ENRON CASE Please read the Enron cases posted on blackboard and the one in your book then answer the following questions based upon the case and Chapter 9. Make sure that your answers are supported by the facts of the case and the concepts you learned from Chapter 5. Please rely only on the case/chapter 9 to answer the questions except for question # 12—requires outside search. Make sure your answers are sufficiently brief, concise, and relevant to the question. Please avoid general
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Choosing knowingly to be unethical in today’s society can affect one personally and have an effect on their work. Working professionals represent their company in and out of the workplace; thus a vast number of companies teach their employees the difference between being ethical and unethical. Given the corporate ethical breaches in recent times I believe that current business and regulatory environment is more conducive to ethical behavior. Ethical behavior depicts the culture of the
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t Economic System suited for handling natural disasters. When trying to determine which economic system would be best suited for handling a crisis of epic proportions such as a hurricane, blizzard, flood; and forest fire. One must first seek to understand the difference between the economic systems. One must also have a complete understanding of each systems strengths and weakness that may be prevalent in the circumstance that would surround such a crisis. It is my understanding that a free market
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