Business Ethics

Paper Summary:

This paper briefly discusses why it is essential for there to be ethical decision making in the business world. It shows that the examples of Enron and WorldCom caused people to rethink their levels of ethics within their own businesses and jobs. Also looks at how unethical business practices within a company affect levels of job satisfaction.

From the Paper:

"In light of the current scandals that have gripped the world's economic headlines and reduced the overall levels of trust in the nation's business leaders, ethical decision making has become a hot-button issue both in the hallowed halls of academia where MBAs receive their educations and also in the everyday language of decision makers in the fields of business administration. What is so potent about the examples of Enron and WorldCom, amongst other companies accused of fraudulent and criminal business ethics, as well as of Martha Stewart, a brand name as well as a hated example of housewifery gone corporate logo, is that bad ethics can be bad business. When ethical scandals grip a company, that company's future and good name can be destroyed. Thus, the idea that the only ethical query someone need ask him or herself when engaged in a business transaction is "will it make money for the company I work for" is a fallacy."

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