The Current State of Ethics in Big Business

Paper Summary:

This paper discusses the current problems of business ethics in the framework that corporations have long struggled with corporate social responsibility and the overriding corporation goal to make a profit. The paper concludes that, despite the damage done to the reputation of big business ethics by companies like Enron and WorldCom, the outlook for the continued encouragement and development of ethically conscious companies is good. The author states that business and government leaders are developing a business environment that is more accepting and encouraging of ethically conscious businesses.

Table of Contents

Introduction
Corporate Social Responsibility and Individual Rights
Business Ethics and Enron
Business Ethics at WorldCom Inc.
Preventing Future Enron and WorldCom?s
Lessons from Enron and WorldCom
Ethical Corporations and Profit
Conclusion

From the Paper:

"The concept of corporate social responsibility has been debated for as long as the capitalist system has existed, and is one of the most important cornerstones of business ethics. Corporate social responsibility includes all decisions that are made within an organization that are linked to ethical values, and compliance with existing laws. Corporate social responsibility is closely tied to the respect for individuals and communities, animals and plants, and the environment as a whole."

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