We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Ethical behavior in business - Essay Example

Comments (0)
Summary
Corporate social responsibility is the obligation of organizations to behave in ethical and moral ways as institutions of a broader society (Shermerhorn, Hunt,…
Download full paper
GRAB THE BEST PAPER
Ethical behavior in business
Read TextPreview

Extract of sample
Ethical behavior in business

Download file to see previous pages... This incident is a serious matter that should not be treated lightly. To clean up the mess the company has to invest millions of dollars, but the damage caused by the spillage hurt the ecosystem and killed thousands of animals. Big Dirty Oil faces an ethical dilemma in regard to how the firm should approach the problem. This essay includes the view and perspective of three stakeholders: CEO, local fisherman, and the shareholders of the company.
The CEO of a company is the person that has the most power within an organization. When a firm faces any controversial situations the CEO must act as the spokesman of the organization. The oil spillage that occurred off the coast of British Columbia and Alaska was a major crisis that had to be attended to immediately. The CEO of the company must find a balance between doing the right thing and maximizing shareholders’ wealth. Maximizing shareholders’ wealth is the goal of all publicly traded companies. In light of the sensitive situation the CEO should have reacted in a different manner. The current position of the CEO is that the incident was a tragedy and he offered two million dollars to aid in the clean up. The proposal of the CEO was outrageous due to the fact that it could cost hundreds of millions of dollars to properly clean up the area. The CEO acted in an unethical manner. Instead of facing up to the problem he dismissed the protests against the company by calling the protesters “the outpourings of Greenies and other fanatics.” The reality was that the company had polluted thousands of square meters of water and killed thousands of fish and wildlife in the region. These creatures no longer had a habitat to live. The stance taken by the CEO was wrong. He cared more about the quarterly profits of the company than about the well being of thousands of animals and hundreds of fishermen that depended on fishing in the region everyday to support their families.
The fishermen in ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Can ethical behavior really exist in business
But an unethical way of behaviour is observed in the functioning of many firms and employees. Certain firms focus merely on the financial benefits and ignore the ethical side of business. It is also true that the workers of many firms behave unethically and one could identify various reasons behind such actions.
8 Pages(2000 words)Research Paper
Ethical Issues and Behavior
An in-depth analysis of these issues suggests that irresponsible business activities have conventionally been the prime causal factor for the change of environment. In the past, organizations have primarily contributed towards the spread of all sorts of pollution in general, and water and air pollution in particular.
4 Pages(1000 words)Essay
Ethical behavior Essay
Two of the big scandals that led to the lack of confidence of people in the work of accountants were the WorldCom and Enron debacles. The Enron case at the time represented the biggest bankruptcy in U.S history. The executives of Enron cooked up the books and stole millions of dollars for their personal wealth.
3 Pages(750 words)Essay
Ethical Business Behavior
The ethical concerns become important in situations of asymmetric interaction across organizations. This study explicitly addresses the different areas of how to monitor, manage and evaluate the ethical issues in the organizations. The ethical culture and values of every organization depend on its persona.
5 Pages(1250 words)Essay
Analyse the attempts by the EU to allievate the inherent problems of establishing a single market within the Financial Services
In this regard, the 1957 treaty had pointed out removal of all non-tariff barriers to allow free movement of goods. The continued scrapping of all barriers to enhance freedom to supply services such as insurance and banking was one of the aims of these efforts, and this had to go along with free movement of capital and labor.
6 Pages(1500 words)Essay
Discuss why business ethics is concerned with issues of ''right'' and ''wrong'' behavior in business context
Good or bad ethics affect organizations, stakeholders, employees and the public as a whole. Therefore, it is logical that a single action affects many parties found within the business. Observation of corporate ethics goes a long way in saving businesses a lot of money depending on their size because misconduct by either the management or employees in turn affects the business due to incursion of lawsuits, strikes, losses, sackings or destruction.
10 Pages(2500 words)Essay
Case study report
For this reason, many changes have been effected to make the institution more society viable (Salman & Mayle, 2009). Additionally, these changes are implemented to make the society benefit from the services offered in these institutions. In an argument by Pedler (2010) higher educational institutions requires numerous changes in their systems to handle and contain the increasing society demand.
8 Pages(2000 words)Essay
Ethical Behavior
Factors in the cultural environment include family, friends, neighbors, education, religion and media. Ethical codes, role models, policies and practices, and reward and punishment systems comprise the organizational influences. The external factors include developments taking place in the political, legal, economic and international arena.
8 Pages(2000 words)Essay
Ethical Behavior of Business Students at Rocky University
Thus in order to resolve the issues related to cheating, the dean of Rocky University has taken a step to assess the ethical behavior, which is presently persisting amid the students.
6 Pages(1500 words)Essay
Marketing research paper
The effects vary through individuals depending on age, social status and financial ability. Children may be affected to a wider scale considering they have to adapt to life in which
2 Pages(500 words)Research Paper
Let us find you another Essay on topic Ethical behavior in business for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us