APPLIED CONCEPT PAPER
PROFESOR: HARRY SCHWARTZ
Table of Contents
The purpose of this paper is to demonstrate my understanding of the previously mentioned fundamental concepts and capability in order to relate them to the actual business world through applications of my critical thinking skills. Key concepts such as ethics, social responsibility, whistle-blowers, sustainability, stakeholders, and environmental stewardship are mentioned in Chapters 3 and 4 of (Wheelen, 2012). This paper discusses recent articles regarding ethics in the Atlanta Public School Systems, a violation of the code of ethics by the former HealthSouth CFO back in 2010, and Wal-Mart’s latest ethics controversy. In addition, this paper targets important concepts such as social responsibility, sustainability; environmental stewardship and how they affect the stakeholders of Patagonia Clothing Company, Carlportland, U.S Silica and Lucky Stone Company. These companies have proven themselves to be in the forefront of sustainability initiatives through their everyday practices. From this research, I learned that adhering to the Code of Ethics in the business world is important on many levels. It guides all managerial decisions, creating a common framework upon which all decisions are founded. In order for companies to fully meet their social responsibility, they should have in place a process to integrate social, environmental, ethical and human rights concerns into their business operations and core strategy. Furthermore, the concept of sustainability has come to the vanguard of the global understanding that economics, environmental health and human well-being are interconnected. This ultimately demonstrates that generating high-quality products in a responsible way increases brand reputation, competitive advantage, and most importantly financial success.
* Investigation into APS Cheating Finds Unethical Behavior Across Every level This article talks about how across the Atlanta Public School system (APS), staff members worked in secret to cheat on testing results. The report accuses top district officials along with school teachers and administrators, of wrongdoing which had been happening for years. In some schools, cheating became a routine, a part of administrative duties during the annual state examinations. It grew into an organized crime of falsifying test results for children who could not score high enough to meet the district’s self-imposed goals. In addition, Beverly Hall, former superintendent, and her top aides, lied to top investigators, destroyed and altered public records, tampered with information, and misled police to avoid taking responsibly for their unethical behaviors. This resulted in a culture of fear, intimidation, and retaliation in the APS. * Former Health South CFO Talks to Business Students About Workplace Ethics This article discusses the ethical challenges that many CFOs face in the workplace. Aaron Beam, former HealthSouth CFO, served prison time for forging the company’s finances and breaking the code of ethics. Beam warned students of the ethical dangers in today’s workforce. He mentioned why accountants and CFOs get trapped into lying, and feel intimidated by their superiors. In this article, Bean touches on many important points, such as, how money changes people, how having more personal possessions does not guarantee happiness, and most importantly, how we need to stand by our principles and ethics all the time. After spending three months in the Montgomery jail, Beam learned his lesson; he wrote a book, opened a lawn service business, and decided to share his experience with business students in universities across the nation. * Wal-Mart’s Ethics Controversy