Abstract Throughout this paper the principles and concepts examined throughout the last eight weeks of coursework will be applied to the Nortel Case Study. After a brief introductory discussion of the Nortel Case, a greater understanding of the ethical ramifications of the situation will be facilitated by answering five key questions. Nortel Case Study: Ethics Applied
Introduction:
Over the last two decades the business world has been rocked by several prominent business scandals such as Enron, WorldCom and Goldman Sachs. Business scandals are not some new phenomena; but with the increasingly global nature of business and industry the economic fall out of ethical lapses or illegal activity have the potential to become global in scale.
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The corporate culture and structure of the company contributed to the ethical lapses by the company’s CEO John Roth and its eventual financial collapse. This paper will examine the Nortel Networks scandal through the lens of the business practices discussed in the text which contribute to creating an ethical workplace.
Part One The telecommunications bubble of the 1990s was an opportunity for the organization to grow and diversify based on investor expectations as well as the personal vision of CEO John Roth. When Roth came to the helm of the company, he communicated to employees that the company would be changing direction and focusing on internet technology (Collins, 2012). This authoritarian decision by Roth represented a drastic change in direction and focus for the company. During his tenure as CEO, Nortel actively searched out internet technology companies to purchase and over the course of less than three years the company acquired 18 other companies, which cost a total of $33 billion (Collins, 2012). Internal and external pressures pushed the company to grow exponentially as well as to continue to report higher earnings. The media savvy Roth utilized the media as just another “promotional channel” for the company (Collins, 2012, p. 539). The corporate culture was heavily influenced by the company’s compensation strategy which was based “heavily on stock
The problem solving methods that might be helpful to assist Jerry in making an ethical decision would be to establish trust with the patient and become aware of the problem. Then analyze the problems and decide on a plan with the patient. He will then want to make sure he reinforces the commitment to the patient and activate the plan. Last, he will follow through with the task and monitor everything until the situation is taken care of.
Nurses are faced with ethical dilemmas every day. There are a lot of different beliefs surrounding ethics and the code of ethics. Ethics and ethical issues have always existed, that is why they have put in place the code of ethics. The American Nursing Association (ANA) Code of Ethics isa guideline to help nurses determine which course of action to pursue. Every minute many ethical decisions are made, some may not comply with guidelines and others the patient’s will never understand. In this case study the nurse is put in an uncomfortable position and has two find a way to comply with the family, the patient, and the doctor’s orders.How can she report to the doctor the information the daughter has told her? How she approached
What ethical conditions might be involved with either Sierra Golden or Bottle Time Inc. that would make it impossible to continue to collaborate or to accept the funding? Please indicate which principle of the Prevention Code of Ethics may
The global market has shown exemplary contribution to the growth of the world's development until recently where financial crisis have been bombarding most economies. As a result, the cost of livelihood had been unaffordable to many who live below the dollar. The monetary crisis has led to the lowering of many currencies against the dollar, hence advancing the economy crisis to most worldwide nations. This turn of events has been attributed to the lack of exercise of business and management ethics in many multinational companies, firms and investments. Financial scandals have been the order of the past twenty years leading to the sweep over of the flourishing global market. The scandals, especially in larger companies and multinational, are spurred by inter and intra-conflicts in their organizational structures.
Nurses are faced with ethical issues and dilemmas on a regular basis. Nurses must understand his or her values and morals to be able to deal adequately with the ethical issues he or she is faced with. Some ethical issues nurses are exposed to may be more difficult than others and the ethical decision making process is learned over time.
In this case scenario I would do my job and give them out to the families that have a limited income and cannot afford them. If one sees that they are coming to the expiration date soon then I would believe that it is okay to take them home then, but these samples are for those less fortunate. It is ethically correct to not take the samples home unless they are about to expire and be wasted, but only then. Legally it is not yours to take home it is for the patients.
The corporate world has an unfavorable view of itself by being selfish, evil, and against the average American. Companies market themselves and their products in certain ways that makes them and their products appealing to everyone and if not everyone then a certain group of people. Every company has a mission to follow and values to go by, but some companies lack ethics and morals. In this paper I am going to talk about one company that engages in ethical behavior and another that doesn’t.
Business ethics since the beginning of this decade has been slowly eroding; if we are to believe what we see and hear in the media. Several times a day, one can view some derogatory piece of information concerning a business. However, it must also be considered that these companies are contributing to that stigma. There have been a variety of companies and individuals who have figured prominently in the media concerning their unethical behavior.
According to Johnson (2012) leaders are powerful role models, and policies will have a little effect if leaders do not follow the rules they set. In Enron case, corruption and ethical misconduct were deeply embedded in their business culture where profitability was more important than ethics. In this paper, I will address the factors that had led to the development of the culture of profit before principle at Enron. Also, I will create my personal code of ethics that will guide me in my professional and personal decision making and doing the right thing when faced with ethical challenges.
I find that Bethel University’s ethics program is clear and concise, as well as, encourages a positive workplace mentality. In my opinion, I find that employee accountability to play a large role in this outcome. As a Bethel University employee, I have undergone countless hours of ethical training and critical thinking scenarios. Additionally, my training has afforded me the ability to think decisive while incorporating Bethel University’s value system into my decisions. The primary responsibility of the faculty is to provide guidance and solidify institutional quality as requested by the administration (Bethel University, 2016). As a Presbyterian-based university, we are subjected to the guidance of not only our administration but values
Enron’s ride is quite a phenomenon: from a regional gas pipeline trader to the largest energy trader in the world, and then back down the hill into bankruptcy and disgrace. As a matter of fact, it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (world-class culture) perspectives. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys
The ethical issues presented in HP were actions from the board members. They ignored the values and beliefs of the company. It resulted in disrespect amongst coworkers and even HP consumers. It broke the trust within the board of HP. Trust is imperative to a business and part of the “HP way,” the core value of the company. It is a tremendous fault for a company in a global level such as HP. During the investigation, other ethical issues evolved in an attempt to solve the
a. Identify the ethical dilemma faced by the CIO in this situation using the three normative theories of business ethics. Identify all stakeholders involved. How will each stakeholder group be affected by the decision taken by the management?
In an industry overwhelmed with fraud and corruption, Martin Marietta was ready to revamp their reputation to become an ethical company. This concept catapulted a decade of creating, developing, and tweaking an ethics program. Martin Marietta's goal was to maintain a work place with "descent people doing quality work" (page 1). But with this idea came a series of difficult challenges the company needed to overcome. Martin Marietta arose to the challenge and executed an elaborate ethics program. The programs successes were hard to measure at best. A SWOT analysis was designed to reflect upon all aspects of the ethics program. A case study was used to discuss Martin Marietta's
Ethical dilemmas are virtually impossible to avoid if you are a participant in the workforce. The definition of an ethical dilemma stands as a situation that challenges two or more “right” values that arise in a conflict (Treviño & Nelson, 2014). As ethical persons, how may we overcome ethical dilemmas and finish on the “right” side? The research mentioned in Trevino’s and Nelson’s book, “Managing Business Ethics: Straight Talk About How to Do It Right,” suggests that preparing for specific ethical challenges before a situation occurs can adequately prepare the workforce to better handle real-world applications when an ethical situation transpires. The notion that ethics is teachable inspires the following case analysis. The case analysis involving chemical safety will discuss the facts and issues, stakeholders, decision alternatives, and real-work constraints. Focusing on each of the previously mentioned topics, I will describe the applications using Utilitarian, Kantian Ethics, and Rawlsian Justice Analysis’s.