Morals and Business

Paper Summary:

The paper discusses codes of ethics in business and states that a firm must develop a code of ethics with seriousness of intent that reflects the organization's real values. The paper also states that the employees must be given leverage so they can act on those values when faced with ethical dilemmas and that the code must be communicated effectively. The paper then discusses these issues and ethical dilemmas.

From the Paper:

"However there are many big organizations that have fumbled massively despite a code of ethics. Enron is a good example. It had been manipulating audit reports for some time to show profits when it was making none and thus making its stakeholders wrongly believe that the company was profitable. Do you assume they never had a code of ethics? By all means they did. And it was one hefty document that delineated rules of honesty and integrity- "We work with customers and prospects openly, honestly and sincerely. When we say we will do something, we will do it"(Miller, 2002)-Heavy words indeed for a firm that cheated millions and created history in business fraud."

Sample of Sources Used:

• LaRue Tone Hosmer: Ethical Codes
• Lisa H. Newton: The Many Faces of the Corporate Code
• Michael Miller. Enron's ethics code reads like fiction Business First of Columbus, 2002

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