Unethical Business Practices in Corporation
Running Head: UNETHICAL BUSINESS PRACTICES
Unethical Business Practices in Corporation
The Business Enterprise – BUS508
Professor Karmetria Burton
Strayer University
Lisa Brooks
May 9, 2009
Abstract
Many companies demonstrated questionable business ethics. It is my belief that businesses are so consumed with being competitive between their buyers and sellers until they lose site honesty and integrity. I have presented three various types of businesses which all exemplified unethical business practices. It is unfortunate to say that many companies have policy and procedures in regard to ethical practices, but they are not always enforced.
Unethical Business Practices in Corporation Ethics is defined as by Merriam-Webster’s Online Dictionary, the principles of conduct governing an individual or a group. “Business ethics is defined as written and unwritten codes of principles and values that govern decisions and actions within a company. In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior.
In the most basic terms, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right. The phrase 'business ethics' can be used to describe the actions of individuals within an organization, as well as the organization as a whole” (http://business.lovetoknow.com/wiki/A_Definition_for_Business_Ethics).
There are numerous forms of unethical business practices: “How Banks Contribute to the Economic Crisis”, “Gratuities Breed Corruption: Accepting Freebies in the Public and Private Sector”, and the Practice of Deceit. Unfortunately it is almost impossible to avoid using banks at all in American society, but the banking system in unjust. I will use Bank of America as an example, but they are not the only ones (Ferreira, 2009). “Many banks deduct transactions not in
Unethical Business Practices in Corporation
The Business Enterprise – BUS508
Professor Karmetria Burton
Strayer University
Lisa Brooks
May 9, 2009
Abstract
Many companies demonstrated questionable business ethics. It is my belief that businesses are so consumed with being competitive between their buyers and sellers until they lose site honesty and integrity. I have presented three various types of businesses which all exemplified unethical business practices. It is unfortunate to say that many companies have policy and procedures in regard to ethical practices, but they are not always enforced.
Unethical Business Practices in Corporation Ethics is defined as by Merriam-Webster’s Online Dictionary, the principles of conduct governing an individual or a group. “Business ethics is defined as written and unwritten codes of principles and values that govern decisions and actions within a company. In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior.
In the most basic terms, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right. The phrase 'business ethics' can be used to describe the actions of individuals within an organization, as well as the organization as a whole” (http://business.lovetoknow.com/wiki/A_Definition_for_Business_Ethics).
There are numerous forms of unethical business practices: “How Banks Contribute to the Economic Crisis”, “Gratuities Breed Corruption: Accepting Freebies in the Public and Private Sector”, and the Practice of Deceit. Unfortunately it is almost impossible to avoid using banks at all in American society, but the banking system in unjust. I will use Bank of America as an example, but they are not the only ones (Ferreira, 2009). “Many banks deduct transactions not in