Essay on Ethical Behavior Analysis of Bernie Madoff Enron

Ethical Behavior Analysis of Bernie Madoff amp; Enron Ethics, ethical values, and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals, obtaining employees who possess personal ethical values, and finally to behave ethically and with sensitivity toward social, cultural, economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should be adopted by the business. In the cases of Bernie Madoff and Enron, the most well-known financial scandals in history, I feel, gave a major hand in pushing business all across America to have and enforce the code of ethics. Bernie Madoff†¦show more content†¦Madoff clearly did not have any views of ethics or social responsibility towards his investors. All he cared about was the green dollar signs. I think that his sons took a major stand by outing him to the public officials. To me, it showed that at least all ethic values were not lost with this family. Madoff’s sons are the ones the investors should thank for giving them justice. Enron was an energy trading and communications company located in Houston, Texas. During 1996-2001 Enron was given the name of America’s Most Innovative Company by Fortune magazine as it was the seventh-largest corporation in the US. The problem that led this company to bankruptcy was due to the fact that fraudulent accounting practices took place allowing Enron to overstate their earnings and tuck away their high debt liabilities in order to have a more appealing balance sheet (Forbes.com, 2002). Enron’s accounting team â€Å"cooked† the books to every meaning of the word so that their investors would not see anything wrong with the failing organization. This poorly structured company led people to jail time, unemployment, and caused retirement stocks to be dried up. Enron had a social responsibility to its stockholders and rather than being up front and honest about the failing company they hid every financial flaw in order to keep receiving money from its investors. By Enron not keeping a socialShow MoreRelatedAnalyzing Ethical Behavior920 Words   |  4 PagesANALYZING ETCHICAL BEHAVIOR PAPER Analyzing Ethical Behavior Paper Chad L. Million Grand Canyon University BUS-340 Ethical amp; Legal Issues in Bus. Glen Germanowski July 25, 2010 Analyzing Ethical Behavior Paper When functioning in the corporate world, it is an essential to include moral ethics. Ethics is also particularly imperative when laboring with financial information. It is very hard to have faith in someone managing plenty of money. Corporations in the past have distortedRead MoreLack of Ethical Behavior in the Cases of Bernie Madoff and Enron676 Words   |  3 Pages Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being suedRead MoreOrganizational Culture, Management Philosophy And Ethics999 Words   |  4 Pagesmarketing, an d, accounting. No matter the size, industry or level of profitability of an organization, business ethics are one of the most important aspects of long-term success. According to Webster’s dictionary, ethics can be defined as the â€Å"rules of behavior based on ideas about what is morally good and bad† these rules influence every aspect of our society (Investopedia, N.D.) (Webster’s, N.D.). While sometimes overlooked, accounting plays a large role in many organizations. Its importance cannot beRead MoreBernie Madoff Case Study3401 Words   |  14 PagesOperated through a complex, cryptic structure Bernie Madoff, CEO of Bernie L. Madoff Investment Securities (BMIS), perpetuated the most embellished Ponzi scheme the world has ever seen. The basis of the securities fraud that took place approximately between 1991 – 2008 was influenced by Bernie Madoff’s reliance upon an unqualified staff, outdated software, organizational seclusion, a personal halo effect, and weaknesses in the regulating body. Madoff had the confidence of the public, yet to pullRead MoreEthics Reflection Paper Str 581 Week 11312 Words   |  6 Pagescorporate America has become highly publicized following the discovery of unethical and fraudulent business practices in major corporations. Practices at Tyco, Enron, Arthur Anderson, and WorldCom, among others, have made these corporate names synonymous with corporate fraud. The unethical behavior of top executives such as Bernard â€Å"Bernie† Madoff and Martha Stewart for example, have resulted in critical issues for companies and wide reaching job loss. The purpose of this paper is to briefly analyzeRead MoreWhat Does Corporate Responsibility Mean1518 Words   |  7 Pagesresponsible business)[1] is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other membersRead Moreeconomic15014 Words   |  61 PagesManagement Decisions †¢ Questions for Discussion Review †¢ Online Activities †¢ Collaborative Work Case 2, Business Case: Station Casinos Loyalty Program Case 3, Video Case: Superior Manufacturing Wipes the Competition Data Analysis Decision Making: SunWest Foods Improved Bottom Line References Learning Outcomes â‘   Describe various types of functional systems and how they support managers and workers at the operational level. â‘ ¡ Define how manufacturing, production, andRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesOrganizational Behavior This page intentionally left blank Organizational Behavior EDITION 15 Stephen P. Robbins —San Diego State University Timothy A. Judge —University of Notre Dame i3iEi35Bj! Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editorial Director: Sally Yagan Director of Editorial Services:Read MoreFundamentals of Hrm263904 Words   |  1056 PagesChapter 1 Chapter 2 UNDERSTANDING HRM The Dynamic Environment of HRM 2 Fundamentals of Strategic HRM 28 PART 2 Chapter 3 Chapter 4 THE LEGAL AND ETHICAL CONTEXT OF HRM Equal Employment Opportunity 56 Employee Rights and Discipline 84 PART 3 Chapter 5 Chapter 6 Chapter 7 STAFFING THE ORGANIZATION Human Resource Planning and Job Analysis 110 Recruiting 132 Foundations of Selection 154 PART 4 Chapter 8 Chapter 9 TRAINING AND DEVELOPMENT Socializing, Orienting, and Developing Employees

The Effects Of Workplace Stress On The Workplace - 1472 Words

Introduction â€Å"Work stress is one of the oldest issues in organizational psychology and is considered one of the most severe occupational injuries in modern society† (Chou, Chu, Yeh, Chen, 2014, p. 115). Overcoming this severe issue of workplace stress is an important topic to discuss. It is defined as the events or circumstances that cause strain to an employee, which can result in physical, mental, and emotional consequences (Dextras-Gauthier, Marchand, Haines, 2012; Nà ¤gel, Sonnentag, Kà ¼hnel, 2015). When referring to an individual’s career, stress can create negative outcomes if it is not effectively managed. For example, within the social service organizations, it is important that there are effective stress management interventions†¦show more content†¦The results of burnout show that there can be damage to an individual’s physical health and cognitive functioning. Studies found that there is a connection between chronic work stress and job strain, wh ich results in employee sick leave and the inability to function effectively (Deligkaris, et al., 2014). In addition, results of burnout can affect the organization and the clients, due to the possibility of inadequate services being provided or a high increase in turnover. Another negative impact to consider when it comes to stress is organizational constraints. Pindek and Spector (2016) show that organizational constraints are â€Å"conditions in the work that inhibit, interfere with, or fail to support an individual’s performance of job tasks†, which results in workplace stress that is linked to the strain felt by the employee (p. 7). There are various ways that organizational constraint can create workplace stress. First, organizational constraint can be caused by having an inadequate amount of resources (Pindek Spector, 2016). Providing resources to the employees allows them to be successful in accomplishing their tasks. In addition, organizational constraints can be caused by poor interpersonal interactions, which can make assigning tasks difficult. Furthermore, Pindek Spector (2016) state that increasing interventions thatShow MoreRelatedThe Effects Of Stress On The Workplace1563 Words   |  7 PagesEmotions in the workplace pla y a crucial role in how organizations communicate within and to the outside world. Emotional states in the workplace have strong influence on the outcomes and dictates behaviors and attitudes within organizations. Positive emotions help employees attain favorable outcomes including job enrichment, achievement and higher quality social context. There is smooth relationship in the workplace when there are positive emotions. Negative emotions on the other hand change theRead MoreThe Effects Of Stress On The Workplace2472 Words   |  10 PagesThe word stress is defined as a state of mental or emotional strain or tension resulting from adverse or very demanding circumstances. The world is full of endless opportunities; we are allowed to pursue anything in life through hard work. This is something that is emphasized early in life through school. Generally not everyone is informed of the stresses of certain routes chosen in life through occupations. There is now ways to find out how stre ssful jobs are. Schools are providing classes requiredRead MoreThe Effects Of Stress On The Workplace1398 Words   |  6 Pagesâ€Å"Stress is the body’s response to any change that requires an adjustment or response. The body reacts to these changes with physical, mental and emotional responses. Stress is a normal part of life.†(WebMD UK) Stress is the feeling of being under too much mental or emotional pressure. Pressure turns into stress when one feels unable to cope. For workers everywhere, the economy may feel like an emotional roller coaster. Layoffs and budget cuts are common in the workplace, and the result is increasedRead MoreThe Effects Of Stress On The Workplace2212 Words   |  9 Pagesand demands. Stress isn’t always bad, many times it can help people while they are performing under pressure since it will motivate them to do their best. Scientists use the term stress to refer to any force that impairs the balance of bodily functions. From this d efinition, the definition of job stress was formed. Job stress can be defined as the harmful physical and emotional responses that occur when the requirements of the job do not match the needs of the worker. When stress begins to becomeRead MoreThe Effects Of Stress At A Workplace1503 Words   |  7 PagesThis essay examines the impact of stress at a workplace. Stress has turned into a swarming highlight of individuals life in cutting edge world. The present day world which is said to be a universe of accomplishments is additionally a universe of stress. Stress is all over, whether it is in the family, business association, venture, organization or some other social or monetary movement. Right from conception till death, an individual is perpetually presented to different unpleasant circumstancesRead MoreThe Effects Of Stress On The Workplace Stress1387 Words   |  6 PagesWorkplace stress comes in endless types of reactions and is different from employee to employee. Accordin g to Hitt, Miller, Colella in Organizational Behavior, stress is a feeling of tension that occurs when a person perceives that a situation is about to exceed her ability to cope and consequently could endanger their well-being. Job stress is the feeling that one’s capabilities, resources, or needs to not match the demands or requirements of the job. In today’s world everybody deals with some sortRead MoreThe Effects Of Stress On The Workplace2214 Words   |  9 PagesStress is the body’s reaction to a mental/emotional strain subsequently from favourable or unfavourable conditions. â€Å"Workplace stress can be defined as the harmful physical and emotional responses that occur when the requirements of the job do not match the capabilities, resources, or needs of the employee.† (Nonprofitrisk.org, 2014). Stress is becoming an emerging issue within businesses and organisations as it causes damages such as sickness absenteeism, poor efficiency and more if not managedRead MoreThe Effects Of Workplace Stress On The United Kingdom Courts8122 Words   |  33 PagesThis study examined workplace stress in a random sample of litigated cases heard in the United Kingdom courts. The majority of claims related to clinical depression. The alleged causes of workplace stress most commonly cited in litigation included: excessive workload, followed by poor management practices, organisational, economic or technical change, aggressive management style, and bullying by co-workers. The presence of effective workplace stress management policies were important interventionsRead MoreThe Problems, Effects, and Solutions to Workplace Stress for Holland’s Automotive Repair2132 Words   |  9 Pagesexamines the problems, effects, and solutions to workplace stress. In addition, I will explain risk assessment, management, and prevention. Finally, I will review coping strategies for workplace stress. Holland’s Automotive Repair has seventy-seven people of a wide diverse nature. Internal research shows many employees are suffering from workplace stress. External research focuses on several studies, models, and theories of workplace stress effects. Workplace stress causes problems such asRead MoreEssay on Stress In The Workplace532 Words   |  3 Pagesaffects that stress can have on an employees performance and are offering different programs to help employees manage stress in their lives. This approach is proving to increase workplace performance, as well as improve employee loyalty and retention in the long run. What Causes Stress? Causes and Concerns Stress has been defined as a physiologic reaction to uncomfortable or unaccustomed physical or psychological stimuli. The biological variations that can result from stress of the sympathetic

Araby Symbols Free Essays

Joyce introduces astonishing symbols in the short story Araby. Some of the symbols we talked about in the class were religion, dark, blind and other more. Specifically, Joyce expanded on symbolic imageries to set a particular scene in The North Richmond Street. We will write a custom essay sample on Araby Symbols or any similar topic only for you Order Now With attention to, the priest became the symbol for the unknown narrator in the story. The narrator is currently residing in the dead priest’s house. According to James Joyce in Araby, â€Å"Air, musty from having been long enclosed, hung in all the rooms, and the waste room behind the kitchen was littered with old useless papers. The narrator is exploring the house while thinking about his friend’s sister. Singularly, the room is very old and definitely doesn’t smell good. It smells like a prison. It’s almost like a prisoner was trapped in jail and had died there. Correspondingly, the religion was criticized, looked upon like a jail, and a negative factor. In addition, the priest was a kind person from inside because he had donated his house, money, and furniture to his sister. For the time being, the narrator is eradicating in the room and he finds books. The following books are about religion and exploration. The priest was a innovative person. On the other hand, the priest had died just like his rusty bicycle-pump in the garage. In any case, the majority of the people are compared to the town because all of the kind people were gone. In the long run, a question comes to mind, how can Dublin become a better city? All of the good people are gone. To sum it up, the priest was represented the essential past. Furthermore, on the facade of the story another symbol is light. According to Joyce in Araby, â€Å"When were returned to the street, light from the kitchen windows had filled the areas. By definition light is something that makes things visible. Light is the ultimate hope and savior from the dark. Above all, the story continues and light is illustrated more often. â€Å"Some distant lamp or lightened window gleamed over me. †The symbol darkness was described often in the story too. The dark and blind street is the symbol of Ireland. Exclusive of, immediately the light takes the position of the country’s brighter future. Nevertheless, the light came from the kitchen window. Therefore, Joyce signifies gloomy future for his country. How to cite Araby Symbols, Essay examples