Ethical problems of organizations.

Most of this chapter focuses more on glide by companys disasters than typical ethical issues at bottom companies. gibe to this chapter pedigree wasnt perpetually as complex as it is now. (pg.195)Today, big companies pull one over many an(prenominal) stakeholders. Stakeholders are consumers, customers, employees, shareholders and the community.(pg 197)In fact, some(prenominal) of these stakeholders butt end contract or be touched by business decisions. So any bad decisions a company makes affect its stakeholders as we are going to reveal in the pursual cases. With the collapse of Enron many of the stakeholders suffered the consequences of bad decisions made by the company. For instance, employees hideaway savings were wiped pop out and thousands of jobs were lost. In the case of Enron non good the employees suffered but as well as the U.S miserliness. The Enron debacle cost the U.S. economy $35 billion.(pg.194)So what really happened at Enron? Enron, through a frame of account tricks relating to partnerships, inflated their lettuce and lowered their debt. They misled their employees, investors and the general earthly concern roughly the companys financial mark. In fact, According to this chapter employees or stakeholders put one over the office to be sensible or so the real financial condition of their company. exactly in this case Enron failed to place the truth about its financial performance.

Another case that is mention in this chapter is about the Johnson and Johnson Company. In the yr 2000 J& axerophthol;J pleaded guilty to iniquitous charges and had to allowance millions of dollars in fines for selling high-risk glucose-monitoring devices to diabetics.(pg.203)In this case J& J failed to give practiced products to the consumers. According to this chapter companies are get to produce products that are fail-safe for consumers. If a company fails to provide safe products, it can put the company out of business. So, J&J didnt discover the long border consequences when... If you compulsion to get a honorable essay, order it on our website: Orderessay

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