Ethical Lessons Learned from Corporate Scandals Essay examples -- Busi

Ethical Lessons Learned from Corporate ScandalsEthics is about behaviour and in the face of dilemma it is about doingthe right thing. Ideally, managerial leading and their people willact ethically as a moment of their internalized virtuous core values. The Enron scandal is the or so significant somatic apply in theUnited States and it demonstrates the need for significant reforms inaccounting and corporate governance in the United States. It is alsoa call for a close look at the ethical quality of the culture of argumentation generally and of business corporations (Lessons from theEnron Scandal). The collapse of even off the smallest of businessesimpacts many people, and therefore even the smallest business canlearn what not to do from the multibillion dollar corporation. Thebankruptcy of ones business will greatly and negatively impact itsemployees, partners, as well as the families of each of those groups. Business owners have a duty to operate in a prudent, lawful andethic al manner. The study lessons that were illustrated by thecollapse of Enron and other corporate scandals will be the righteousnessplay of the new economy. It will teach executives and the Americanpublic the most important ethics lessons of this decade.Financial cleverness is no substitute for a good corporate strategy. Financial accounting is a backward looking, signally complex, subjectto subjective interpretation, vulnerable to several controversialaccounting doctrines...