establishes a healthy competition among companies

establishes a healthy competition among companies. Any actions can only be evaluated as right
if it is in accordance with the moral rules and brings no be consequences.
Trust among the workers is important,
Fair competition among firms,
Management
should equalize the rewards and works of each stakeholder which actually suggests
that the duties and commitments to the people outside the firm comes under the social
responsib
i
lity of firm.
BLIND SPO
TS:
THE ROOTS OF UNETHICAL BEHAVIOR AT WORK
When it
comes to
judg
e own ethicality, there people overestimate themselves may be because of
ethical gaps.
Main reason is decision makers limit analysis to themselves and don’t share it
with
others
,
so communication can help in reforming the informal Culture of t
he organization.
Moreover, people acquiring higher jobs in organization manipulate the customers and don’t
bother about the ethics thus making unsafe environment full of cheating and prof
it based
.
FLAVORS OF FRAUD
It e
xplicit
the different strategies used
by executives in scandal
Enron Strategy: pretended to have highly profitable business to sell the shares at inflated prices.
Dynegy Strategy: convinced investors to invest more in company promising that the sales would
be profitable in future and pretende
d to buy stocks just to sell shares at inflated prices like Enron.
Adelphia Strategy: asked investors to focus on contracts
volume
rather than profitability so that
analysts would give high marks and then can sell shares at inflated prices.
WorldCom Strate
gy: classified current expenses as capital expenditure to make investors feel
that money was burr
owed to purchase new equipments
.
It happened in every scandal that every person was indulged in it for their own benefits otherwise
it was not something to be
missed out.
HOW ETHICAL YOU ARE
It refers to the unconscious beliefs that lead to invo
luntary unethical decisions. F
or inst
ance,
similar to me bia
s that
favo
rs people of one

s religion,
country or alma mater and also the clash
of interests. All these are u
nfair to other people working in the organization and as it is unethical
so it needs to be avoided to maintain a good
culture at workplace
.
THE AGE OF THE INAUTHENTIC EXECUTIVE
CEOs create a
n
inauthentic lifestyle by doing things that feed the expectations
beast and ignore
the healthy relationships with customers, employees and long

term investors. Inauthentic
behavior is not unavoidable by eliminating the use of stock

based compensation as an incentive
and should be prevented from selling any stock but eve
n this approach needs to be replaced as it
also brought huge corporate scandals.