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Corporate Ethics Essay

  • Submitted by: nehajain2585
  • on March 1, 2011
  • Category: Social Issues
  • Length: 1,595 words

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Below is an essay on "Corporate Ethics" from Anti Essays, your source for research papers, essays, and term paper examples.

Q4. Given your analysis under (1), (2) and (3), study the nature of the problem situation in the fraudulent company by applying the rules and processes of critical thinking, especially, distinguishing the good, moral, ethical and legal aspects of critical thinking. In this connection, how could you detect, prevent and protect stakeholders from opportunistic behavior of the top management that lead to corporate fraud? Can you discern major constraints that precipitated opportunism and why and how could you resolve such constraints? In this regard , identify the underlying sets of biases , prejudices and presumptions intensifying the problem of the fraudulent company, and also, identify the ethical imperatives that should guide your judgment and assessment of the fraudulent company; hence ask critical questions for managing the required change in your organization.
Critical thinking questions the obsessive generalizations, constraints and the “best” practices of the prevailing system of management, and tries to replace them with more valid assumptions and generalizations that uphold the dignity, uniqueness and inalienable rights of the individual person and the community. The word ‘critical’ means to question, to make sense of or, to be able to analyze. It is by questioning and making sense of things events & people around us, and by analyzing them that we examine and improve our thinking and the thinking of others.
Critical thinking if it is really critical must not only be intellectually rigorous and legally sound but it must be morally good and ethical. The dominant domain for moral critical thinking is the ‘input’ and for ethical critical thinking it is ‘Process’ and for legal critical thinking it comes to the ‘outputs’. Hence applying the moral thinking to the Madoff Ponzi scam, we basically need to focus on the ‘inputs’ of this case which gave rise to such a scam. All moral acts are considered to be voluntary and being voluntary they have an ‘end’. The...

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