You'Ve Got Questions

Unfortunately, the creation of SOX and a code of ethics in no way guarantee’s that everyone will follow the rules; people will always find a way to circumvent the system or misrepresent the code’s intentions. Even the most robust ethics program needs constant oversight to remain effective. The pressure to increase profits and market share can lead executives to push the boundaries of ethical business behavior. Despite the passage of SOX, some of the largest and most well-established companies are currently crossing those boundaries.

Another limit to ethical behaviour at McDonald’s might be training and discipline within the company. For example, if an experienced employee was selected for a course or was offered a promotion, another employee might find it unfair and discriminative. Similar situation could possibly happen when it comes to discipline, for example a manager would treat employees making the same mistake differently and favour one person more than another. If any of the employees made an official complaint about any of those, it could lead to publicity’s hesitation and bad relations between employees within the company and its suppliers.

Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,

Company Q’s attitude towards social responsibility appears to be nonexistent, possibly through ignorance or disconcert. Either way the lack of social responsibility affects their business and community’s perception of their business. It appears that the company management has never developed and ethics program that clearly defines the corporate culture including provisions for social responsibility. Profits, or at least a lack of losses appears to be a primary motivating factor for company Q's management’s decisions. Company Q has been attempting to cut losses by closing stores that were losing money instead of finding innovative ways to

Lastly, Company Q decides to throw away food products, instead of donating it to the local food bank. Sadly, this behavior demonstrates a concern for profits before people attitude, which is socially irresponsible. Businesses can no longer ignore social issues because a business is a part of our society. For Company Q to become more socially responsible its sole objective must not only be to make a profit. But include concerns and responsibilities to the general welfare of the communities and societies in which they operate.

World Color Press, Inc. it was a worker’s compensation claim which involved allegations of federal law violations. The plaintiff in this case was the senior vice president and chief financial officer was the defendant in the case. The senior vice president was hired in 1974 and fired 1982 in which he alleged was a retaliatory discharge. He was opposed to the company’s accounting practices and suggested it violated federal securities law. His claim was based on general accounting practices and principles. He noted that these principles would have overstated and inflated the income in 1981 and asset valuation of the company. The court agreed with the plaintiff on his claims as well another section of federal securities law which states it is illegal to make false statements to the federal government. This was made clear in mandated public policy. During this case the Wheeler v. Caterpillar Tractor Co. was cited this case involved federal regulations on safety of the Nuclear Regulatory Commission and Palmateer v. International Harvester Co which reported alleged criminal activity to the local police. The mandated public policy help verify the federal laws been broken in each case. The vice president was a consider a high level manger and the defendant tried state the case that the retaliatory discharge should only apply to low level managers. Under the federal guidelines everyone should be treated equally and fairly no matter their position in the company. The courts did not agree with the defendant because he was classifying the employees which is also

The purpose of this memo is to respond to your request for the facts of the case regarding the alleged sexual harassment of Virginia Pollard and the potential liability that Teddy’s possibly

Ethical theory will be outlined in relation to the example case with discussion on how the case poses an ethical dilemma in the workplace. Additionally ethical theory will be considered in light of the case with

Ed Freeman had strong beliefs that many companies have been following and strongly implementing social responsible in their workforce. In addition, Ed Freeman synopsis is very agreeable because social responsibility is being implanted in many companies. Furthermore, Ed Freeman disclosure is very compiling because in his disclosure he offers alternative ways for other firms to implement strong ethical policies and purpose. Due to the fact that Ed Freeman strongly believed that the primary purpose of all business is to have a purpose in improving their local or unknown neighborhoods. Also, another purpose that companies generally have is generating profits and keeping up a strong respectful image. Furthermore, in the synopsis it was determined

However, today, the focus on stakeholder’s (apart from the shareholders, these are customers, suppliers and employees) expectations has also grown radically. Accordingly, ethical behaviours such as meeting stakeholders’ expectation objectives, environmental objectives and corporate social responsibility, which is accountability to the society and social responsibility, have resultantly become very important. Failure to comply with ethical behaviours can causes a business to damage its brand value and its reputation, which in turn could lead to reduced profits or even losses (Carroll and Buchholtz, 2014).

RadioShack Corporation is an American wireless and electronics company owned by the affiliate General Wireless. It has 6,874 stores in U.S. In the same time, it has branch stores around the world, which are in Australia, Belgium, Canada, China, France, The UK and the other countries. In 1921, the company was started a small, wooden structure and selling radio equipment. In 1990s, the company had developed as a wide business company and it was focusing on marketing wireless phones, and it started to get into mainstream consumer markets and compete with big vendors like, best buy and wart-mart. In 2015, Radio Shack is facing bankrupt and it delayed rent payments to some commercial landlords. In the same time RadioShack is selling half of their stores to sprint and closing the rest of the stores. According to the article The 5 Reasons Why RadioShack Went Out of Business by Andriy Blokhin, it concludes five reasons why RadioShack failed in 2015. First, RadioShack has too many stores and RadioShack couldn’t take enough revenues

In “The Skeleton in the Corporate Closet,” some very significant and profound ethical dilemmas are presented, which cut directly to the core of the corporate culture of the organization involved – General Parkelite Company (GPC). I begin my evaluation with a brief overview of the case, and then proceed to identification of the central and peripheral issues involved, delineation of the facts and suppositions used in my analyses and as the basis of my recommendations, and finally I present my analyses and recommendations.

Business Industry has witnessed the outcomes of bad moral decisions taken by business leaders. Enron’s story is only one example of corporate scandals and cases of bad moral decisions, which has not only shaken the public trust in corporations, but also affected the bank accounts of investors and employees. Before the bankruptcy of Enron; it was included in one of the fortune 500 companies after its fraudulent accounting case the share went down to $1 (Enron scandal, 2010; PBS, 2002; Godwin, 2006; Godwin, 2008).

It seems like business morals and ethics are being whisked to the side in lieu of the ever growing demand of higher stock prices, rising budget goals and investor profits. Despite the increased regulation of corporations through legislation, such as, Sarbanes-Oxley, some corporations still find themselves struggling to maintain ethics and codes of conduct within the workplace. In reviewing the failings of the Enron Scandal, one can heed the mistakes that both individual and organization malaise, such as, conflicts of interest, lack of true transparency and the sever lack of moral courage from the government, executive board, senior management and others, contributed to the energy giant’s downfall.

Companies with extensive responsibilities even argue about the system in pursuing social responsibility of business. According to Ulrich Steger, the company should prioritize the shareholders’ incessant interest but they should also be concerned of their social responsibilities, morals and environmental goals that the public expects them to be. Without a doubt, companies’ primary goal is to earn a profit. Emphasizing on profitability affects the fundamental values in the company, its morality. Companies ignore the ethics just to earn a mountainous income. This often causes extensive repercussions in the companies.