Business Research Ethic Essay Example | Topics and Well Written Essays - 750 words

Business Research Ethic - taste ExampleIn recent years, numerous businesses father been found guilty of unethical business investigate practices. Companies such as Enron and AIG are by far the biggest that come to mind, as they fraudulently reported profits, amongst a nonher(prenominal) falsified reports, that persuaded current shareholders and potential investors that their current business model was more fiscally sound than it actually was. These washcloth Collar professionals made the wises in recent years due to their big promises and ability to try for a season (Shurden, Santaudreu, and Shurden, 2010, p. 117). Through than many questionable business practices, AIG ended up paying bonuses in the billions of dollars, even in the midst of receiving authorities bailout money. This one action, almost more than any other, got the public and the government questioning at what point certain business practices become unethical and affect all of society, non only a select few. B usiness ethics has long been a grey area. As this word effectively points out, it is often difficult to determine what practices are truly unethical, and which are simply questionable. In the end, it is outstanding to consider this topic because such behavior can truly impact the masses. As the authors state, Our laws are a starting point for ethical conduct and are implemented in order for society to suspend extreme situations (Shurden, Santaudreu, and Shurden, 2010, p. 117). In many of these situations, the injured parties are the shareholders, employees, and anyone in the public directly or indirectly involved in the high society. The point is made, therefore, that unethical business research practices affect more than just the spry parties involved. In the case of AIG, a massive government financial bailout was required to keep the ships company from failing. The company was deemed to be too valuable to allow the unethical practices to destroy the viability of the institut ion. To have done so would have not only impacted thousands of jobs in America, but would have also resulted in repercussions felt nearly the world as global financial institutions have vast holdings in AIG. Taxpayer money was used, then, to inject necessitate capital into the company to keep it afloat until such time that the company could be reorganized and new management bought in (Shurden, Sataudreu, and Shurden, 2010, pp. 118-119). Enron is another example mentioned in this article. The unethical business research practices at this company began when they falsified information that it gave to the public. This resulted in people, both outside and inside the organization, believing that the company was financial sound and provided a great investment opportunity. The opposite, in fact, was true and the failure of the company resulted in great hardship not only in America, but globally as well (Shurden, Sataudreu, and Shurden, 2010, pp. 121-122). Society was greatly impacted by b oth of these examples. When large companies willingly conduct their business research in an unethical manner, trust begins to depart away. Our capitalist system is predicated on a certain amount of trust. We need to believe in the companies that we can in order to help them prosper and thrive in todays rapidly forward-moving and global society. Each time that trust is violate, society becomes a bit more