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¶ … Business Organization Be Made Moral?
Ethical and Moral Issues
This work will operate under the assumption of being a staff member under one of Enron's Senior Vice Presidents during 1997, a year characterized by the first major accounting misrepresentation and/or financial manipulation uncovered. The misrepresentation and/or manipulation was the use of "market-to-market" accounting with the objective being the adjustment of the value recorded in company purchases for the purpose of covering up a shortfall in the expected earning of the energy trading division of the colossal amount of $180 billion, quiet a shortfall as compared to the earliest mis-accounting. This makes a further assumption that the senior vice president or the higher-up one is under supervision of had perchance heard something of this transaction and its accompanying facade and then stated quiet clearly in a staff meeting called for the express purpose of addressing the fact that if:
"This sort of thing continues, we're dead. It will take awhile, but we'll lose everything we've worked so hard for around here for so long. We've got to change the way we do business."
The final objective of this work is to address the question being posed which is: "What can be suggested that will take this corporation in a new direction,...
Statistical Information/Overview
Statistics reveal that 257 public companies with $250 billion in assets involved filed bankruptcy increasing over the previous year of 176 companies and an accompanying $95 billion. Clearly integral in the failings of those companies runs a refrain of moral and ethical failings combined with a bad economy and financial risk taking that results in manipulations which though "smart at the time" did not pay off. The death knell of these companies was inclusive of loss in the area of competitive advantage described as "breakdowns in execution, and growth that is deemed 'too fast" to be sustainable. The market's shifting preferences contribute in a negative fashion but at the roots of any corporation's organization are "the hearts and souls of leaders who guide corporate responsibility." Indeed the moral and ethical position of an organization is that which serves as a guide leadership role and it is that which creates a culture of value within the organization. Margaret Mead is stated to have said that:
"Never doubt that a small group of committed people can change the world; indeed it is…
Works Cited
Leadership; Facing Moral and Ethical Dilemmas (2005) Advantage Executive Coaching and Organization Development The Center for Business and Ethics at Loyola Marymount University. Online available at: http://www.leadershipadvantage.com/moralAndEthicalD ilemmas.shtml.
Leadership; Facing Moral and Ethical Dilemmas (2005) Advantage Executive Coaching and Organization Development The Center for Business and Ethics at Loyola Marymount University. Online available at: http://www.leadershipadvantage.c om / moralAndEthicalDilemmas.shtml
Ibid.
Mead, Margaret as cited by: Ibid
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