What is business ethics?
Explain at least three ethical issues within today's business environment that affect your community and organization.© BrainMass Inc. brainmass.com October 25, 2018, 1:55 am ad1c9bdddf
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Crises in the global economic and financial landscape reached seemingly biblical proportions?
- Two major global investment banks, Bear Stearns and Lehman Brothers, collapsed.
- Facing bankruptcy, the world's largest insurance company, AIG, Freddie Mac, and Fannie Mae were bailed out by taxpayers.
- The biggest bank failure in U.S. history occurred when federal regulators seized Washington Mutual.
- The Dow Jones Industrial Average, a stock market index, has plunged by more than a third this year, decimating retirement funds and college savings.
- Rates of unemployment and home foreclosures have skyrocketed.
- U.S. Congress passed a $700 billion bailout to try to revive the credit markets and the larger economy.
These developments in the United States have spread throughout virtually all major world economies.
In the wake of this global economic crisis, some of those responsible were summoned to testify under oath before Congressional committees to explain to the public what caused this collapse. What they said opened a ...
This solution discusses the concept of business ethics in a detailed 729 word response, including several references listed throughout. An analysis of issues in business ethics and past financial crises and problems, particularly in the United States, are mentioned.
Moral and Ethical Issues Faced by an Organization
A 2,100- to 2,800-word paper in which your Learning Team explains the organization's ethics programs and overall ethical environment. Address the following in your examination:
o Describe current moral and ethical issues faced by the organization.
o Explain how the fictitious company deals with the relationship between ethics, morality, and social issues in the legal environment.
o Evaluate the organization's ethics program based on the code of ethics, training, monitoring, and enforcement.
o Consider the following questions:
Code of Ethics
o Does a formal code of ethics exist?
o What topics are included in the code of ethics?
o How is the code distributed and used?
o Is the code reinforced in reward and decision-making systems?
o Is ethics emphasized to recruits and new employees?
o How are employees and managers oriented to an organization's values?
o Are managers trained in ethical decision-making?
o What ethics training exists for employees?
o How are ethics and integrity measured throughout the organization?
o Are whistle-blowers encouraged? If so, how?
o Does a language exist that allows employees and managers to openly discuss ethical situations?
o What ethical considerations are incorporated into planning and policy-making at the organization?
o How do managers enforce ethics?
o How are ethics enforced by the organization? How is unethical behavior dealt with?
Format your paper according to APA standards.
Create a 7- to 10-slide PowerPoint® presentation summarizing your paper.