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However, with the increasing pressure from different stakeholders for organizations to uphold corporate ethics, the most challenging problems that big companies and associations face is corruption. This unethical…
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Download file to see previous pages This paper examines these challenges and how they have impacted on the organization.
One of the most challenging facets of organizations today is the need to remain responsible and ethical in their business activities. The past few years have seen many multinationals, big companies, and global association grapple with the issues of unethical behavior. Unethical behavior refers to activities that deviate from the accepted norms, laws, and standards that guide business processes (Blowfield, and Murray, 2014). Essentially, businesses are expected to behave responsibly by acting in a manner that promotes the interests of various stakeholders such as employees, owners, government, and the wider society. However, some organizations find it hard to remain ethical and responsible due to the inability to manage all their huge resources in an efficient way (Crane & Matten, 2010). As such, an irresponsible business on the other hands is one that is involved in dishonest business practices, for instance through concealing or deliberately ignoring issues to do with the environment, employees, customers, and the wider society (Blowfield, and Murray, 2014). The most common form of unethical problem that most big companies and associations face is corruption.
The International Federation of Football Associations (FIFA) provides a good example of a large organization that has had a rough time dealing with the unethical problem of corruption. FIFA is the body charged with managing football or soccer globally, which is the most popular sport in the world (Skinner & Edwards, 2006). The organization is an amalgamation of various football associations and confederations representing different countries. As such, it is one of the biggest organizations in the world today. FIFA has vast amounts of resources, hence generating a lot of global interest from different parties ...Download file to see next pagesRead More
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