Ethical Lessons Learned from Corporate Scandals Essay examples -- Busi

Ethical Lessons Learned from Corporate ScandalsEthics is about behavior and in the face of dilemma it is about doingthe right thing. Ideally, managerial leaders and their batch willact ethically as a result of their internalized chaste core values. The Enron scandal is the most significant corporate collapse in theUnited States and it demonstrates the need for significant reforms inaccounting and corporate plaque in the United States. It is alsoa call for a constrictive look at the ethical quality of the culture of business line broadly speaking and of business corporations (Lessons from theEnron Scandal). The collapse of even the smallest of businessesimpacts many people, and therefore even the smallest business canlearn what not to do from the multibillion dollar corporation. Thefailure of virtuosos business will greatly and negatively affect itsemployees, partners, as well as the families of each of those groups. Business owners have a concern to operate in a prudent, lawful andethical manner. The major lessons that were illustrated by thecollapse of Enron and other corporate scandals will be the morality romp of the new economy. It will teach executives and the Americanpublic the most grievous ethics lessons of this decade.Financial cleverness is no substitute for a sizeable corporate strategy. Financial accounting is a backward looking, unusually complex, capableto subjective interpretation, vulnerable to several controversialaccounting doctrines...