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Essay on Business Ethics in America: Engendering Vigor

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When considering corporate American and its business crisis of integrity many people seem to cerebrate that ethics is mainly about staying out of trouble. Any explication they give concerning the role of ethics in business today will ineluctably feature a discussion of compliance, licit liability, and the Federal Sentencing Guidelines. The great cogitators of the past had a very divergent perspective. Ethics is not mainly about staying out of trouble. It’s about engendering vigor: vigor in individuals, in organizations, and in relationships with clients and suppliers. If we genuinely come to understand how ethical action engenders vigor, it expeditiously becomes pellucid how all unethical demeanor is in the cessation self-vanquishing and,…show more content…
Thousands of employees lost their jobs and even their life savings in 401(k) plans tied to the company's stock. Disastrous falling down on the whole stock market during the following months, especially in the financial accommodation industry. When thinking of the best way to be responsible in all dealings of business, a quote from Bank of America and Wells Fargo comes to mind. Bank of America states that they believe that integrity and the disciplined management of risk form the foundation of their business. They are aware that their decisions and actions affect people’s lives every day. They furthermore believe in making decisions that are clear, fair, and grounded in the principles of shared success, responsible citizenship, and community building. Wells Fargo states they expects its team members to adhere to the highest possible standards of ethics and business conduct with customers, team members, stockholders and the communities it serves, and to comply with all applicable laws, rules and regulations that govern our businesses. Their Code of Ethics and Business Conduct rules sets forth Wells Fargo's policy and standards concerning ethical conduct for all team members. Their aim is to promote an atmosphere in which ethical behavior is well recognized as a priority and practiced. Having great ethical comportment builds a reputation for ethical decisions which builds confidence in the business as well as among business
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