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The Cost of Unethical Conducts on the American Economy - Essay Example

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This paper under the headline 'The Cost of Unethical Conducts on the American Economy" focuses on the fact that in recent times there has been an enormous public outcry about the level of rot and decay that have engulfed the contemporary global corporate environment. …
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The Cost of Unethical Conducts on the American Economy
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Download file to see previous pages Does the daily influx of media reportage of widespread criminal representation, tax evasion and a whole lot of fraudulent actions by the supposed men and women of our corporate environment cast a spell of doom on our corporate system Have our corporate environment being besieged by a bunch of infidel corporate leaders According to recent psychological findings, human nature by its inherent weakness if left untrained can easily succumb to the pressures of misconduct. In order words, it should be understood that no corporate executive has ever been nor will ever be a model of celestial perfection. Much of the forces that influence group and individual behaviours are largely a result of the prevailing environment; the daily situations we encounter has the propensity to alter even the most well-intended motives of an individual thus making us susceptible to unethical conducts.
In our day and age, the corporate environment is undergoing a massive revolution with an attendant level of sophistication highly unprecedented in the annals of humanity. This increasing dynamism makes it difficult to conceptualism the traditional definition of ethics much less placing stringent judgments on its implementation. Does this exonerate the violators of corporate ethics Certainly not! It is in light of this that this essay seeks to present a holistic analysis of all the contending issues in this debate. It is expected that by doing this, the platform would be created to usher a succinct definition that is perfectly in tune with contemporary realities. Building on this definition, there can, therefore, be formidable streamlining of the loose ends that have created the pervasiveness that has characterized our corporate landscape.
What constitutes an Ethical Conduct
The advent of globalization and its attendant widespread sweeping reforms across all sectors of the human spectrum will provide the basis for the discourse in this section. In view of the complexities in our world today it has become somewhat difficult to reconcile the abstract features of the traditional understanding of ethics to the changing realities of our time. In any case, this limitation should not impede any effort to address the subject exhaustively.
Rather than discarding what is already known about ethics because it appears obsolete there will be an attempt to restructure and extend the boundaries where it is necessary whilst in the same vein it will be prudent to pull down the needless elements also. It should also be noted that all attempts to legislate ethical conduct has been treated with hostility. The problem with any attempt to legislate ethics is that ethics in its imperative form is very abstract. To overcome this difficulty, it is prudent to look at within the context of describing ethics within the context of practising decency in human conduct. For good reasons, it is understood that opting for decency makes it comparatively easier to address this subject. As an illustration, the desire to exhibit decency at all levels will guide the conduct of the individual in the work setting even if there is evidence that the person is undergoing a stressful mood swing or not. 
Moreover, decency in its absolute sense is dead unless it is backed by concrete or pragmatic steps irrespective of the emotional or environmental state of the individual. It is just a question of little but significant acts that carry tremendous weight.   ...Download file to see next pagesRead More
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