Business Ethics

Paper Summary:

The paper discusses the Enron scandal from a mainly financial standpoint and deals with what the Arthur Anderson accounting firm did wrong and the consequences that came from their accounting errors. The paper looks at the concept of business ethics that is still unclear to many companies and employees and shows how companies must learn from the mistakes of Enron and have a sound policy in place. The paper also examines the responsibility businesses have for society and the lack of Enron's social responsibility.

From the Paper:

"Business ethics do not require understanding from a managerial standpoint only. Employees should be aware of what business ethics really mean, and what the ethical rules of their company are. Most employees would agree that it is wrong to steal money from the company they work for. However, those same employees would think nothing of taking home a pen they stuck in their shirt pocket, or a notepad they took with them when they went out to talk to a client. While small items such as pens and notepads may seem very insignificant, even small items are part of the ethical dilemmas that face companies today."

Sample of Sources Used:

• Bernstein, S. (2000). "Shell in Nigeria". Business Students Focus on Ethics. Eds. Ryan, Leo V., Wojciech W. Gasparski, & Georges Enderle. New Jersey: Transaction Publishers.
• Borger, J., & Teather, D. (2002). As Enron scandal spreads, US starts to question cash for influence culture. Guardian Unlimited. from http://www.guardian.co.uk/enron/ story/0,11337,63416400.html
• Conway, M.M., Green, J.C., & Currinder, M. (2002). Interest group money in elections. In AJ Ogler & BA Loomis (Eds). Interest Group Politics. (6th ed). Washington, DC: CQ Press.
• Donaldson, T. & Gini, A.R. (1984). Case Studies in Business Ethics. 2nd ed. New Jersey: Prentice-Hall.
• Feinberg, L. (2002). The Enron scandal: the real crime. Retrieved from http://www.home .clear.net.nz/pages/cpa/news/enron.htm

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