Synopsis This case illustrates the downfall of Satyam‚ one of the biggest IT giants in India‚ because of the fraudulent activities carried out by its founder Mr. Ramalinga Raju and his associates. Business world at that point had garnered immense respect for Satyam in terms of risk management and corporate governance practices and Satyam was ranked as the fourth largest IT Company in India. This was the case before December 16‚ 2008‚ when Satyam promoter Mr. Ramalinga Raju proposed his intent to
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business ethics in the workplace. I have carefully analysed the range of moral issues and values that arose in the various business contexts. However‚ the three videos are used in my assignment were: - 1) MR ETHICAL VS MR UNETHICAL 2) Business Ethics: Resolving an Unethical Situation 3) BUSINESS ETHICS Note: - All the above mentioned topics are all you tube videos which I carefully studied‚ evaluated and gave my own perception of what I felt like was the most ethical and most moral thing to
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Introduction Satyam Computer Services is a global IT service company with clients including Telstra‚ Coca-Cola‚ Qantas‚ NAB and Suncorp. Satyam was once a leader in IT services in India until pressures to keep up with the growing outsourcing industry overwhelmed the company. This convinced company chairman Raju to falsify operation figures‚ embezzle funds and purchase lands resulting in fraud. Raju’s admission to fraud in 2009 caused Satyam share value to drop by 70% and the collapse of the Indian
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To what extent do companies need to make a proactive effort to collect and analyze data possible safety issues? They have to go all the way. I feel safety comes first no matter how much time is going to take you or cost you. They also need to pay attention to all the complaints because that one customer can make the difference instead of getting sued by 100 people. At the same time you are making sure that the customers life is secure and that there are no risks with your products. What mistakes
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organisation on an important business decision and its adverse downstream consequences. ETHICAL FAILURE BY SAMSUNG Samsung Electronic one of the largest multi-billion dollar corporations in the world recently found itself on the wrong side of ethical behaviour. In 2010 Samsung Electronic exceeded the $150bn mark in the annual sales for the first time in its history. This makes it one of the world’s top three companies in the electronic industry after Siemens and Hewlett-Packard. Samsung’s all business
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United States Securities and Exchange Commission (SEC)‚ and theft from an employee benefit plan. Madoff was sentenced to 150 years in prison on 29th of June 2009. So what went wrong? Analyzing Madoff according to our lecture slides about unethical behaviours we tried to understand Madoff’s decisions: A series of experiments conducted by psychologists at the University of California‚ Berkeley‚ suggests that
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Interview is your first impression on your dream company after your resume. From clothes to conduct to language to information to skill – everything is important. Employers don’t just want a skilled person‚ they want a complete package of skills and soft skills. Questions may differ from industry to industry‚ but some dos and don’ts remain the same. Here are a few tips for your next interview: Know yourself Though more important for first timers‚ but even those who have worked for a few years tend
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Institutionen för skogens produkter Organizational exposure to risk of unethical behaviour – In Eastern European timber purchasing organizations Daniel Norberg & Emil Gustafsson Master Thesis Nr 17 2008 ISSN 1654-1367 Institutionen för skogens produkter Organizational exposure to risk of unethical behaviour – In Eastern European timber purchasing organizations Daniel Norberg & Emil Gustafsson Master Thesis 30 ECTS credits‚ D-level in Business Administration Daniel Norberg
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Insurance sales is a very competitive industry. When it comes to marketing and squashing the competition‚ many companies turn to underhanded methods such as pointing out everything that the other companies do wrong. Aflac is different. Aflac is an ethical company who strives to care for its clients and employees. In fact‚ Aflac has been listed several times on the “100 Best Companies to Work for” and “Most Admired Companies” lists published by Forbes (Aflac‚ 2016). In addition‚ they have been listed
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4. Why is there a double standard placed on public officials regarding liability for conduct that is accepted when acted by private citizens? In the chapter of “Liability: What Should Be the Consequence of Unethical Conduct‚” it argues from an ethical viewpoint that the double standard applied to the public officials is misleading and that it is necessary to disregard the social status when it comes to determining the consequences of equal wrongdoing. This tendency for the public to
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