Ethical problems of organizations.

Most of this chapter focuses more on keep companys disasters than typical good issues within companies. gibe to this chapter pedigree wasnt always as confused as it is now. (pg.195)Today, big companies have many stakeholders. Stakeholders ar consumers, customers, employees, shareholders and the community.(pg 197)In fact, some of these stakeholders butt end accept or be affected by business decisions. So any poor decisions a company makes affect its stakeholders as we are passing to see in the pursual guinea pigs. With the collapse of Enron many of the stakeholders suffered the consequences of bad decisions make by the company. For instance, employees hideaway savings were wiped egress and thousands of jobs were lost. In the fortune of Enron not good the employees suffered but also the U.S economy. The Enron debacle be the U.S. economy $35 billion.(pg.194)So what really happened at Enron? Enron, through a variety of account tricks relating to partnerships, inflate d their profits and lowered their debt. They misled their employees, investors and the normal public roughly the companys financial mark. In fact, According to this chapter employees or stakeholders have the office to be informed or so the true financial condition of their company. But in this quality Enron failed to tell the truth about its financial performance.

Another case that is mention in this chapter is about the Johnson and Johnson Company. In the year 2000 J& group A;J pleaded guilty to iniquitous charges and had to pay millions of dollars in fines for selling defective glucose-monitoring devices to diabetics.(pg.203)In this case J& J failed to provide preventive prod ucts to the consumers. According to this cha! pter companies are obligated to stupefy products that are safe for consumers. If a company fails to provide safe products, it can put the company out of business. So, J&J didnt consider the long border consequences when... If you want to puff a full essay, order it on our website: OrderEssay.net

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