Ethical problems of organizations.

Most of this chapter focuses more on keep companys disasters than typical honourable issues within companies. gibe to this chapter pedigree wasnt always as tangled as it is now. (pg.195)Today, big companies have many stakeholders. Stakeholders ar consumers, customers, employees, shareholders and the community.(pg 197)In fact, some of these stakeholders butt end accept or be affected by business decisions. So any atrocious decisions a company makes affect its stakeholders as we are dismission to see in the pursual disciplines. With the collapse of Enron many of the stakeholders suffered the consequences of bad decisions do by the company. For instance, employees hideaway savings were wiped egress and thousands of jobs were lost. In the cocktail dress of Enron not good the employees suffered but also the U.S economy. The Enron debacle embody the U.S. economy $35 billion.(pg.194)So what really happened at Enron? Enron, through a variety of account tricks relating t o partnerships, inflated their profits and lowered their debt. They misled their employees, investors and the ecumenic public roughly the companys financial mark. In fact, According to this chapter employees or stakeholders have the office to be informed or so the true financial condition of their company. But in this case Enron failed to tell the truth about its financial performance. Another case that is mention in this chapter is about the Johnson and Johnson Company. In the year 2000 J& group A;J pleaded guilty to iniquitous charges and had to pay millions of dollars in fines for selling defective glucose-monitoring devices to diabetics.(pg.203)In this case J& J failed to provide guard products to the consumers. According to this chapter companies are obligated to provoke products that are safe for consumers. If a company fails to provide safe products, it can put the company out of business. So, J&J didnt consider the long border consequences when... If you want t! o push a full essay, order it on our website: OrderEssay.net

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