This website uses cookies to ensure you have the best experience. Learn more

Research About Business Ethics Essay

2638 words - 11 pages

Amine Oulmaati
Professor Achorn
GLS 470
Feb 9, 2016
Business Ethics and Corporate Fraud
Introduction:
“There's no such thing as business ethics; there's just ethics. And ethics makes no concessions for the real or imagined necessities of making a profit” (“Inspirational quote”, 2nd item). According to Michael S. Joseph, who is the founder of Edna Josephson Institute of Ethics, there is nothing higher than ethics, and there is no excuse to violate ethics.
Given the importance of business ethics in the field of business and in the whole economy, I have decided to build my research on this substantial topic that concerns many corporations all over in the world more than before, for its ...view middle of the document...

The causes of corporate fraud can be split into two main categories.
Frauds that are committed by the board of directors of corporations are the ones that mostly hurt corporations because of their power and authority within the organization, so they can use the given privileges and authority to reach their goals easily.
The many incentives that are given to the executive boards of corporations are one of the main reasons for committing frauds. According to Sandra Maria Parrado, Forensic Services Advisory practice director at PwC LLP in New York “The increased incentives for senior executives and middle management to commit accounting and financial frauds that have resulted from the financial crisis are the most likely underlying causes of the greater risk of fraud in the current economic environment.” (As cited in Chi. T., 2010, pp.91-92).
The absolute knowledge of the corporation’s financial statements is another reason of business fraud. The board of directors and the top-level management are the ones who are in the corporate dashboard. Hence, top level management can decide about any strategy that may promote the company expansion or match their personal goals. Thus, the top level management can get anything from the corporate that they work for and even disguise the corporate’s audits.
The absolute authority that is given to the executive board in corporations is also another reason to commit a business fraud. The executives are the ones who give instructions and guidance to the organization, so they take advantage of their positions to gain their purposes in a calm way.
Frauds that are committed by subordinates of corporations are always less impact than other frauds but they are the most frequent and usually are related to inventory.
The low motivation of subordinates within the workplace is the first cause of fraud in this category. When employees experience high debts or financial losses automatically they will think of how to get out from the harsh situation. Therefore, the only way to solve their financial problem is the organization to which they work especially if they are not motivated and they do not have professional long terms ambitions.
Lack of communication between subordinates and superiors and employees dissatisfaction is another reason that pulls subordinates to commit frauds. Hence, the subordinates may think of illegal ways to get what they want, or just to revenge their sufferance. According to a report to the Nations on Occupational Fraud and Abuse by the Association of Certified Fraud Examiners (ACFE), “Employee dissatisfaction can point to deeper problems within an organization. At the aforementioned retailer, complaints about understaffing that overstretched employees — and made it hard for them to perform the accurate inventory counts that likely would have revealed the fraudulent reporting much earlier — should have been a warning signal to company leadership” (Raftery, H., & Holder, F. L., 2016,...

Other Essays Like Research About Business Ethics

Business Research Ethics Essay

719 words - 3 pages Business Research Ethics University of Phoenix Shayla L. Morales RES/351 September 23, 2014 Ray Rivera Business Research Ethics Business research is a key aspect to the longevity and profitability of any business. Safety and profits are the key ingredients for Pharmaceutical industries. Some companies place their trust on individuals who perform the research and they entrust on the results when their products are incorporated into

Ethics Research Essay

830 words - 4 pages Business Research and Ethical Issues in Independent Auditing Te’ Portia Sibley RES 351 John Gilpin Jan, 22, 2014 The role of an auditor is to audit with integrity and objectivity. In an essay by Roger D. Martin, the role of an auditor should expand to assess the integrity and ethical values of their client as well. The purpose of this research was to bring to light how the auditor-client relationships could devolve into questionable

Business Ethics

1460 words - 6 pages do if they have any claims. The code of conduct should be reviewed and revised if needed with involvement from all employees. Businesses that do not follow the ethics code will have an impact on their customers and society. Management must define their expectations about honesty and good ethics. Ethical behavior must be followed by everyone from the CEO to the janitor. According to the research done by the IABC Research Foundation, 67 percent

Business Ethics

2969 words - 12 pages , Business Ethics 2015-16 5 • Report formally their findings to the University at the end of each year and identify our good practice as well as making recommendations for improvements in the future. External examiner reports for your programme of study can be located on the portal electronically in the Quality Management and reporting channel inside the “My Learning” tab. If you have any questions about the reports, or a report

Business Ethics

1329 words - 6 pages Business Ethics Graduate certificate of Business (Management) MBM 507 Organizational Functions and Dynamics Prepared For: Jo Jensen Subject Code: MBM 507 By: Dennis Kovacevic Student Number: 7465548 Due Date: 1st May 2011 Word Count: 960 What is Business Ethics? According to Robbins (Pg.174) Ethics are interpreted as the “rules and principals that define right and wrong conduct.” While this sounds straightforward on the surface

Business Ethics - 754 words

754 words - 4 pages items and activities about each company and its officers over the same time period pertaining to ethical business aspects. ii. Analyze how "ethical" is the business practices of the company by applying at least 4 relevant ethical theories such as utilitarianism, rights, justice, virtue ethics, ethics of care, and/or etc, in your discussion

Business Ethics - 3234 words

3234 words - 13 pages Executive Summary This assignment is about the ethical aspects of the two organizations chosen by me which are McDonald and KFC. I have done some research about the definition of business ethics, the history of these both organization, evaluate and analyst the ethical and unethical business practices of one company compared to the other company within the same industry and also applied 4 relevant ethical theories to these both organizations

Business Ethics - 1412 words

1412 words - 6 pages Corporate Social Responsibility and Business Ethics in McDonalds Introduction This essay will analyse McDonalds in terms of its core CSR strategies and business ethics and the impact of these business ethics to its stakeholders whilst applying two ethical theories to my four issues. McDonalds is the world's largest fast food restaurant and therefore owes the stakeholders a lot in terms of its Corporate Social Responsibility. The stakeholders

Business Ethics - 1804 words

1804 words - 8 pages his company to be able to acquire huge and small companies without regard, there isn’t any good will that I can find in his behavior. Here is a man is who as loved by the community and feared by other companies for his aggressive nature of business. What do acquisitions really say about a businessperson? For most, it is the acquiring of something solely for personal gain. That is what he was doing. Acquiring companies and making promises on

Business Ethics - 606 words

606 words - 3 pages Unethical business research lacks moral principles, and those, who follow such acts, were unwilling to adhere to proper rules of conduct. That is what took place in a study that involved more than 1,300 premature infants. Twenty-three participating medical centers performed Surfactant, Positive Pressure, and Oxygenation Randomized Trial (SUPPORT) on the newborns. SUPPORT is a case study that is performed on premature infants that receive

Ethics in Psychological Research

1192 words - 5 pages acceptable to avoid telling the participant of a study as to what the researcher is looking for and testing about? In what instances is it acceptable and when is it not? The development of research ethics helps guide researchers to find the necessary answer to the different question types (Shaughnessy, Zechmeister, & Zechmeister, 2009). Conducting a scientific research is when researchers look for facts, try to prove theories, and declare the

Related Papers

Ethics In Business Research Essay

767 words - 4 pages your fellow students' postings. This interview describes author Elizabeth Buchanan’s views about research on virtual business. In the beginning, she defines the overall ethics of virtual research and it is importance. Buchanan says ethics of virtual research takes classical principles of research ethics, goodness, justice, and honor for persons and places them in virtual empires, Internet intervened places like 3MUDs, chat rooms, Moos

Business Research Ethics Essay

841 words - 4 pages Business Research Ethics Bobbie Stolze RES/351 October 15th, 2012 James Malachowski Business Research Ethics Today there are many cases of unethical business research that usually result in entire firms as well as individuals that are convicted and fined in the court of law. Unethical business research comes in many forms some of these forms are inappropriate questionnaires, research fraud, failure to maintain participant’s privacy, and

Business Research Ethics Essay

865 words - 4 pages Business Research Ethics Derrick Phillips RES/351 August 23, 2012 Business Research Ethics Ethics can go unnoticed at times, but, in actuality, ethics are of supreme significance for a list of grounds within any organization. Businesses have to make sure they adhere or abide by all level of ethics in all actions of the business. Ethics are one of the main focuses when it comes to business research. In this paper, the discussion will be

Business Research Ethics Essay 954 Words

954 words - 4 pages Business research practices should remain ethical at all times. It is important to adhere to ethical norms because they promote values that are essential to collaborative work, they build public support, and they promote a variety of important moral and social values such as human rights, compliance with law, and health and safety (Resnick, 2013). Ethic is the moral principles that govern a person’s behavior. When we think of ethics in business