In the recent past whenever we turned on the TV or read the newspaper we heard of some kind of scandal that had rocked the stock market; among these scandals perhaps the biggest was the Enron Corporation. The scandal arose not due to the financial market or the decline of demand, but due to the lack of ethics in the way that the company decided how to operate and report to its stock holders. This lack of ethics created a riff between most of the companies in the United States and the people that either held stocks in those companies or people that relied on the services that were provided by those companies. This lack of ethics also forced the government to pass legislation which would hold management teams responsible for the actions of their companies in the future. In this paper we will look at how management teams need to use ethics when they are in the planning phase of the four functions of management to create an ethical plan of operation, and how laws can hold these teams......
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Approximate Word Count: 1131
Approximate Pages: 5 (260 words per double-spaced page) |