Module 2 Deliverables
1.What in your view makes a company “good” or “bad”, from the perspective of
your idea of ethics? Why and explain.
A business is not just about money making at all costs. There are considerations to
be made outside traditional money making and ethical and moral considerations. In my view,
Ethics is the analysis and utilizing the concepts such as right and wrong, good and evil, and
responsibility. Ethics involves fair trade practices, financing and accounting, sales practices, tax
payment, internal and external audit and other business practices. Unethical practices include
creative accounting, earnings management, misleading financial analysis insider trading,
securities fraud, bribery, kickbacks and facilitation payment.
In my view it’s the ethical conduct that makes business good. Ethical companies are able
to leverage to their advantage in the market place the trust and goodwill they’ve established with
employees, customers, investors, suppliers, partners, and the public. Organization bound by
ethics are able to recruit and retain the best talent, command a premium for their products and
services and more favorable terms from suppliers, and gain favor with investors. No one will
disagree with the statement "honesty is the best policy."
The argument of whether certain people
are just born to lie, cheat and steal is best left to psychologists, theologists and sociologists.
Instead, we want to explore how leaders can negatively or positively influence a company’s
culture. Our position is that overlooked and unchecked small ethic violations will over a number
of years lead to increasingly larger ethics problems and ultimately mushroom into a catastrophic
breach of law or regulation. It’s not enough to simply act ethically yourself; you must also