Apart from "the business of business is business, not ethics" kind of thinking, there are three other primary factors that contribute to a drive toward unethical business behavior. Identify and explain the three factors.
What will be an ideal response?
Apart from the "business of business is business, not ethics" kind of thinking, the three other main drivers of unethical business behavior that stand out are:
• Faulty oversight, enabling the unscrupulous pursuit of personal gain and self-interest. People who are obsessed with wealth accumulation, power, status, and their own self-interest often push ethical principles aside in their quest for personal gain. Driven by greed and ambition, they exhibit few qualms in skirting the rules or doing whatever is necessary to achieve their goals.
• Heavy pressures on company managers to meet or beat short-term performance targets. The pressure to "never miss a quarter"-so as not to upset the expectations of analysts, investors, and creditors-prompts nearsighted managers to engage in short-term maneuvers to make the numbers, regardless of whether these moves are really in the best long-term interests of the company.
• A company culture that puts profitability and business performance ahead of ethical behavior. When a company's culture spawns an ethically corrupt or amoral work climate, people have a company-approved license to ignore "what's right" and engage in any behavior or strategy they think they can get away with.
You might also like to view...
Consumer clustering refers to the prediction of what each individual accessing a website is most likely to be interested in seeing.
Answer the following statement true (T) or false (F)
An equation used to explain the results of multiple regression analysis is called the multiple regression model
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.An expatriate role represents the traditional way of thinking about global leaders. 2.American culture can be described as loose. 3.Particularists will tend to believe that telling lies is always a bad thing. 4.Much of the act of leading involves problem-solving and decision-making. 5.It is okay to arrive 15 or 30 minutes late in a culture that values time.
Which of the following would a consumer be most likely to consult just before making a purchase decision?
A) television B) a directory C) out-of-home media D) radio E) branded entertainment