What were the ethical issues involved

Assignment Help Business Law and Ethics

Reference no: EM133315177

Question: Business irresponsible behaviour seen to occur on a regular basis and should have some lessons or insights for business management, owners, governments or other stakeholders that would reduce the frequency of occurrence. Maybe by studying irresponsible behaviour business corporations, executives and students can concentrate the mind on ethical behaviour in the business setting.

Something can be learnt from past business scandals and it is important to understand why business irresponsibility occurs. Briefly describe a scandalous incident and then respond to the applicable questions.

- What stakeholders influenced and/or were influenced by the incident?
- What were the ethical issues involved? (An ethical issue is defined as a situation in which an individual or corporation must reflect upon competing moral standards and/or stakeholder claims in determining what is the moral appropriate decision or action.)
- Why did managers make the morally inappropriate decision? What motivated them to make the decision?
- What were the consequences for all stakeholders?
- Were actions taken to prevent such irresponsibility from reoccurring?

Reference no: EM133315177

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