Analyzing Ethical Behavior

920 WordsJul 28, 20104 Pages
ANALYZING ETCHICAL BEHAVIOR PAPER Analyzing Ethical Behavior Paper Chad L. Million Grand Canyon University BUS-340 Ethical & Legal Issues in Bus. Glen Germanowski July 25, 2010 Analyzing Ethical Behavior Paper When functioning in the corporate world, it is an essential to include moral ethics. Ethics is also particularly imperative when laboring with financial information. It is very hard to have faith in someone managing plenty of money. Corporations in the past have distorted their financial statements in regulation to look superior to stockholders, without thinking of the penalty that may be a consequence if they get caught. If a corporation does not encourage good quality ethical conduct within the business, it is…show more content…
In addition to shareholders having self-assurance in the corporation, partners and suppliers have to be able to trust the corporation. Delicate relationships are established upon trust, as are business associations. Corporations flourish on networking in order to be successful. Employee implementation also gets better while laboring in an ethical environment. If member of staff performance improves, the business will thrive, and as an end result, everyone triumphs. Bernie Madoff and Enron did not make ethics mandatory within their corporation, therefore trust nor could success be established. When that happens a chain reaction from ethical behavior to non-ethical behavior occurs. Non-ethical behavior is what scorned their corporation and generated bad publicity. Shareholders and corporate partners lose their confidence in the corporation and gave their money, business, and support to similar companies. By being non-ethical lead to their finical failure and the failure of their business. By not being truthful with the shareholders, financials it is easy to see how the actual companies failed. Corporate partners could not count on the company when it came down to making business decisions. That’s what caused the bad publicity for their company and keep them in the negative attention drawn to their business. Conclusion In conclusion a good
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