Organizational Philosophies & Technologies

Paper Summary:

In this article, the writer discusses that there has been a crisis of confidence in corporate ethics in the last ten years, and as a result, legislation continues to be used as the mechanism to bring trust back into business. The writer notes that many argue that Sarbanes-Oxley legislation has actually taken the price of doing business significantly up, enriching Indian Business Process Outsourcing companies by 30% revenue growth, in the process. The issue of corporate responsibility, the extent of its existence and what ideally corporate ethical responsibility should be are examined.

Outline:
Defining Ethical Responsibility
Enforcing Corporate Responsibility
Sarbanes-Oxley is Redefining Corporate Ethics and Responsibility

From the Paper:

"At the center of corporate ethical responsibility is a focus by organizations on the extent to which their decisions impact buyers, suppliers, customers, prospects, employees and stake holders. The essence of corporate ethical responsibility is the embracing of strategies that are transparent, easily accounted for and free from conflicts of interest.
"The transparency aspect of corporate ethics however was lacking in many corporations who found through sophisticated trading and fund management that synthetic, not real, financial results could be created to give the illusion of greater profits, growth and earning potential. Starting with Enron and proceeding through a litany of corporate scandals including Adelphia, MCI WorldCom, Tyco and many others, the US Congress felt it necessary to legislate corporate responsibility and ethics in the form of laws."

Sample of Sources Used:

• Sarbanes-Oxley (2002) - Discussion of the Act, downloaded from the Internet on June 11, 2007 from: http://www.sarbanes-oxley.com/section.php
• Economist (2006) - Virtual Champions. Economist Magazine. Downloaded from the Internet on June 11, 2007 from: http://www.economist.com/surveys/PrinterFriendly.cfm?story_id=6969722

More papers on Organizational Philosophies & Technologies:

• Term Paper # 110937 : "Organizational Philosophies and Technology"
• Business Plan # 49459 : "Wal-Mart's Organizational Structure and Philosophy"
• Case Study # 114027 : "Wal-Mart: An IT Powerhouse"

APA Citation:

MLA Citation: