Management (MindTap Course List)
12th Edition
ISBN: 9781285861982
Author: Richard L. Daft
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 5, Problem 1SGB
Summary Introduction
To determine:
A case related to violating
- The source or underlying cause of the unethical behaviour
- The hoped-for outcome
- It was an individual or group involved
- The accused was repentant or defensive
- The ways to prevent such unethical behaviour in you organization you choose as a manager
- The ways to fix this kind of problem after it occurred in you organization you choose as a manager
Introduction:
Here, we need to discuss a case related to violating business ethics or potentially breaking the law regarding business practises. The case that will be discussed here is − Enron Corporation. The company has a count of cases like money laundering, bank fraud, insider trading and conspiracy etc.
The Securities and Exchange Commission (SEC) investigated the accounting practises of Enron. The investigation was done because of the concerns of the analysts and shareholders that continued for several years. The disclosures of the company and write-downs reduced company's credit ratings and less investor interests leading to bankruptcy of the company.
The people behind this was CEO − Kenneth Lay and CFO − Jaffrey Skilling. Later on, they were sentenced imprisonment.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Read the article below and answer ALL questions in this section
Unilever admits Tresemmé hair advert was racist, staff to be subjected to ’unconscious bias training
Unilever South Africa has admitted that the controversial Tresemmé advert which described black women’s hair as frizzy, dull, dry and damaged, was racist.
The company will be subjecting all staff to ’unconscious bias training, will be reviewing all marketing material and establishing a new diversity and inclusion advisory board.
Last Friday, Unilever apologised for the Tresemmé advert and has been in a media blackout since.
At the time, the company apologised for the ad which it said had been intended to celebrate all hair types. Unilever said it would investigate why the offensive advert was not picked up and promised to take steps to ensure this did not happen again.
The Tresemmé advert, which was published on the Clicks website, led to EFF protests at Clicks stores this week. The threeday-long protests ended on…
Read the article below and answer ALL questions in this section
Unilever admits Tresemmé hair advert was racist, staff to be subjected to ’unconscious bias training
Unilever South Africa has admitted that the controversial Tresemmé advert which described black women’s hair as frizzy, dull, dry and damaged, was racist.
The company will be subjecting all staff to ’unconscious bias training, will be reviewing all marketing material and establishing a new diversity and inclusion advisory board.
Last Friday, Unilever apologised for the Tresemmé advert and has been in a media blackout since.
At the time, the company apologised for the ad which it said had been intended to celebrate all hair types. Unilever said it would investigate why the offensive advert was not picked up and promised to take steps to ensure this did not happen again.
The Tresemmé advert, which was published on the Clicks website, led to EFF protests at Clicks stores this week. The threeday-long protests ended on Thursday…
Read the article below and answer ALL questions in this section
Unilever admits Tresemmé hair advert was racist, staff to be subjected to ’unconscious bias training
Unilever South Africa has admitted that the controversial Tresemmé advert which described black women’s hair as frizzy, dull, dry and damaged, was racist.
The company will be subjecting all staff to ’unconscious bias training, will be reviewing all marketing material and establishing a new diversity and inclusion advisory board.
Last Friday, Unilever apologised for the Tresemmé advert and has been in a media blackout since.
At the time, the company apologised for the ad which it said had been intended to celebrate all hair types. Unilever said it would investigate why the offensive advert was not picked up and promised to take steps to ensure this did not happen again.
The Tresemmé advert, which was published on the Clicks website, led to EFF protests at Clicks stores this week. The threeday-long protests ended on…
Chapter 5 Solutions
Management (MindTap Course List)
Ch. 5 - Prob. 1OTJVCCh. 5 - Prob. 2OTJVCCh. 5 - Prob. 3OTJVCCh. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - Prob. 4DQCh. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQ
Ch. 5 - Prob. 8DQCh. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 1EECh. 5 - Prob. 2EECh. 5 - Prob. 3EECh. 5 - Prob. 4EECh. 5 - Prob. 5EECh. 5 - Prob. 6EECh. 5 - Prob. 7EECh. 5 - Prob. 8EECh. 5 - Prob. 9EECh. 5 - Prob. 10EECh. 5 - Prob. 1SGBCh. 5 - Prob. 1EDCh. 5 - Prob. 2EDCh. 5 - Prob. 3EDCh. 5 - Prob. 1CFCACh. 5 - Prob. 2CFCACh. 5 - Prob. 3CFCA
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Read the article below and answer ALL questions in this section Unilever admits Tresemmé hair advert was racist, staff to be subjected to ’unconscious bias training Unilever South Africa has admitted that the controversial Tresemmé advert which described black women’s hair as frizzy, dull, dry and damaged, was racist. The company will be subjecting all staff to ’unconscious bias training, will be reviewing all marketing material and establishing a new diversity and inclusion advisory board. Last Friday, Unilever apologised for the Tresemmé advert and has been in a media blackout since. At the time, the company apologised for the ad which it said had been intended to celebrate all hair types. Unilever said it would investigate why the offensive advert was not picked up and promised to take steps to ensure this did not happen again. The Tresemmé advert, which was published on the Clicks website, led to EFF protests at Clicks stores this week. The threeday-long protests ended on…arrow_forwardKindly provide a Statement of the Problem and Objectives on a report on Gender based violence in Jamaica. Kindly provide citations.arrow_forwardOutline a background of the case below. (Please note that this is not an essay question.) In June 2011, Steve Katsaros, founder and CEO of Nokero, was contemplating how to build on his company's accomplishments during the last 12 months. Nokero, a marketer of solar bulbs, has emerged as a successful born-global social enterprise.arrow_forward
- 50- Among the following option, which one is the concept of Ethics? a. The wrongful act of children b. The financial status of human c. Right and wrong conduct d. The profitability of a businessarrow_forwardIn 2006, Hewlett-Packard Development Company LP became embroiled in a controversy over methods used to investigate media leaks from its board. HP Chairperson Patricia Dunn could have simply asked the directors who was the source cited in the story, sought an apology and gone from there. With some direct face-to-face communication, the story would likely have ended quickly. It did not. “Not only did investigators impersonate board members, employees and journalists to obtain their phone records, but according to multiple reports, they also surveilled an HP director and a reporter for CNet Networks Inc. They sent monitoring spyware in an e-mail to that reporter by concocting a phoney tip. They even snooped on the phone records of former CEO and Chairperson Carly Fiorina, who had launched the quest to identify media sources in the first place.” The situation continued to escalate. For example, the New York Times reported that HP consultants even considered planting clerical or custodial…arrow_forwardIn 2006, Hewlett-Packard Development Company LP became embroiled in a controversy over methods used to investigate media leaks from its board. HP Chairperson Patricia Dunn could have simply asked the directors who was the source cited in the story, sought an apology and gone from there. With some direct face-to-face communication, the story would likely have ended quickly. It did not. "Not only did investigators impersonate board members employees and journalists to obtain their phone records, but according to multiple reports, they also surveilled an HP director and a reporter for Net Networks Inc. They sent monitoring spyware in an e-mail to that reporter by concocting a phoney tip. They even snooped on the phone records of former CEO and Chairperson Carly Fiorina, who had launched the quest to identify media sources in the first place. The situation continued to escalate. For example, the New York Times reported that HP consultants even considered planting clerical or custodial…arrow_forward
- Write a comprehensive summary about ethical delimma with 3 examples. explain it briefly with minimum 600,700 words. explain with clear examples. Subject :: Professional ethics and legal issuesarrow_forwardHow could a company utilize social media such as Facebook, Twitter, or Linked-in to promote ethical behaviour and communicate the organization’s values? What are the advantages of using social media to promote ethical behaviour and values and what are the dangers of communicating in this way? Post at least three peer responses in which you comment on fellow students’ initial posts and their responses to other students. Be sure to respond to comments made about your initial post.arrow_forwardDo employers have a responsibility to alert other employers to an employee's wrongdoing by supplying an unfavorable reference? Why or why not? Discuss the conflict between community responsibility and self-protection.arrow_forward
- recommendations which may be adopted to prevent terrorist attackarrow_forwardYou have recently obtained employment at RL Ltd. The manager of this successful medium sized business enterprise is keen to implement and formalize some ethical practices in the business. She asks you and your team provide detailed overview about a current ethical issue(s) which affects any well-known company of your choice. Required: Research and report on the unethical issue/s affecting the company Examine how the unethical issue/s has impacted the business Examine the company's ethical code of conduct or a statement of corporate social responsibility. To what extent is it following the code? Make recommendations on how the company could resolve the unethical issue/e and also how they can also improve the ethics of its operations.arrow_forwardOne of the ways public health will be transformed is through how we are Using Data. While public health practitioners are skilled at the collection and interpretation of population-level information, unfortunately it is still possible for our workforce to suffer from problems with how we are collecting and interpreting data. Name and briefly describe one of the most serious flaws in data collection that can happen , making sure to detail how this flaw can influence the decisions we are making about public health policies and/or interventions .arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub