Ethics

3. Corrections: The third and final component of the criminal justice system is corrections. The role of this component is to uphold and administer sentences handed down by judges. The corrections system, which is tightly intertwined, is very important and quite large. The corrections component

As with much of Enron, their outward appearance did not match what was really going on inside the company. Enron ended up cultivating their own demise for bankruptcy by how they ran their company. This corrupt corporate culture was a place whose employees threw ethical responsibility to the wind if it meant financial gain. At Enron, the employees were motivated by a very “cut-throat” culture. If an employee didn’t perform well enough, they would simply be replaced by someone who could. “The company’s culture had profound effects on the ethics of its employees” (Sims, pg.243). Like a parent to their children, when the executives of a company pursue unethical financial means, it sets a certain tone for their employees and even the market of the company. As mentioned before, Enron had a very “cut-throat” attitude in regards to their employees. This also became one Enron’s main ethical falling points. According to the class text, “employees were rated every six months, with those ranked in the bottom 20 percent forced to leave” (Ferrell, 2017, pg. 287). This system which pits employees against each other rather than having them work together will create a workplace of dishonesty and a recipe of disaster for the company. This coupled with the objective of financial growth, creates a very dim opportunity for any ethical culture. “The entire cultural framework of Enron not only allowed unethical behavior to flourish,

Enron’s ride is quite a phenomenon: from a regional gas pipeline trader to the largest energy trader in the world, and then back down the hill into bankruptcy and disgrace. As a matter of fact, it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (world-class culture) perspectives. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys

The employees of the pharmaceutical company would also be a large stakeholder because their jobs are threatened

Ethics is the application of one’s personal beliefs and the impact on how a person makes decisions regarding the relationships involving a company. The most common agents that involve a person’s decisions are owners, employees, customers, clients,

Enron’s ride is quite a phenomenon: from a regional gas pipeline trader to the largest energy trader in the world, and then back down the hill into bankruptcy and disgrace. As a matter of fact, it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (world-class culture) perspectives. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys

You have been struggling in your Engineering Models class. The content does not come easily, so you have put in countless hours to understand and do the assignments. There is another student who breezes through the assignments, getting high marks for the work he turns in. You know for a fact that he has used his college-aged cousin to do some of the assignments for him. You don’t know how many assignments were turned in this way, but you are certain that he, in fact, did not do all the work. Your frustration increases over the last assignment that you worked overtime on, but did poorly. Of course, this other student scored well on the same assignment. You drop the

reasoning, try to set up rules that will bring about the greatest good for all involved

As an effective leader, this incident would not be ignored. The investigation of incidents would be investigated thoroughly. Leaders and management heads are vital to the integrity of a department. Leaders significantly affect the prevention of corruption of a department (Martin, 2011).

Some Fundamental Concepts in Ethics"Ethics" may be broadly defined as that division of philosophy which deals with questions concerning the nature of value in matters of human conduct.While virtually all people are concerned with making ethical judgments and decisions, philosophers in particular are concerned to             a) explicate the nature of such judgments in general and             b) provide criteria for determining what is ethically right or wrong, and             c) analyze the grounds or reasons we have for holding them to be correct.Those concerned exclusively with telling us what is right or wrong, good or bad, in matters of human conduct may be termed "moralists." While philosophers have sometimes been moralists, as

Financial reporting practices are necessary in any successful business. They are used to keep track of a business finances, and to make sure the business is following legal and ethical standards. There are four elements to financial management; they are planning, controlling, organizing/directing, and decision making. Each of these plays a vital role in correctly reporting finances. Furthermore, there are principles in accounting for healthcare that help reiterate the reporting practices.

Ethics can be defined as a set of principles of right conduct, or a theory or system of moral values. High ethical values are very important to have as individuals, and even more important to have within a corporation. Yet ethics do not always seem to get the focus that they deserve. All one has to do is turn their attention to high-profile scandals [that] cast a shadow, reminding us about the consequences of unethical behavior and shady business practices to realize that high moral ethics are not getting the attention that it deserves.

1. Is whistle blowing violation of positive duty to the employer/organization? Under what conditions an employee can justify such violation?  How exactly is the duty of loyalty owed to the employer/organization weighed against the duty to the public and larger society?

The heart of any organization is its employees and the businesses accomplishments are dependent on its employees. The objective of any organization is to increase productivity, expand, be innovative, and initiate new standards. In Enron’s case, the scandal led the downfall of the business, employees loosing not only his or her money, job, but trust in management. As a result, the Sarbanes-Oxley Act of 2002 was passed by Congress. This Act is meant to protect investors from the possibility of fraudulent accounting activities by corporations. The Sarbanes-Oxley Act mandated strict reforms to improve financial disclosures from a corporation and prevent accounting fraud of happening at the level of Enron, Tyco, and WorldCom ever again.

Ethics is something that is very important to have especially in the business world. Ethics is the unwritten laws or rules defined by human nature; ethics is something people encounter as a child learning the differences between right and wrong. In 2001, Enron was the fifth largest company on the Fortune 500. Enron was also the market leader in energy production, distribution, and trading. However, Enron's unethical accounting practices have left the company in joint chapter 11 bankruptcy. This bankruptcy has caused many problems among many individuals. Enron's employees and retirees are suffering because of the bankruptcy. Wall Street and investors have taken a major downturn do to the company's unethical practices. Enron's competitors