Verified Document

Ethics The Manager Or Managers Essay

408). If what Berenbeim states as truth, is true, then it is important to the business community as well as specific business' to have employees that understand the difference(s) between ethical and unethical behavior. The question then remains, where would these employees acquire that knowledge. Many students of business could be missing a key component to their future success by not having access to ethical studies and training. Therefore, teaching ethics at the university level becomes of paramount importance. 3. Recently a manager at a small financial advisors firm was offered a contract by a large financial services firm to transfer the assets under his control to the larger firm and accepting a bonus to move from one firm to the other. Events such as these take place on a regular and consistent basis in the financial services industry, however, in this particular case, the manager was told that the new...

In return for this information, he was promised additional bonus money and title. In this specific case, the manager, denied the new firm any information on clients that were not under his specific control. Additionally, he contacted his current boss and informed him that he was leaving and that he was going to attempt to take his clients with him. He was thanked for his ethical behavior, and wished good luck.
Unethical behavior could have resulted in some serious misbehaviors by the manager, but he chose to travel the high road, eschewing the easy money and recognition that he would likely have received from the new firm.

References

Berenbeim, R.; (2012) Capitalism and the moral economy: Part of a conversation without end, Vital Speeches of the Day, Vol. 78, Issue 12, pp. 407 -- 410

Sources used in this document:
References

Berenbeim, R.; (2012) Capitalism and the moral economy: Part of a conversation without end, Vital Speeches of the Day, Vol. 78, Issue 12, pp. 407 -- 410
Cite this Document:
Copy Bibliography Citation

Related Documents

Code of Ethics for Managers in Acquisition
Words: 3162 Length: 11 Document Type: Research Paper

Introduction Corruption takes many forms, and can have a devastating impact on economies, and on the effectiveness of government. For that reason, it is best practice to have a code of ethics for managers who are involved in acquisitions, purchasing and contracts. Ethical lapses contribute to a wide array of issues, including waste, a decline in confidence in the institution of government, and underperformance because the wrong vendors were selected. Larezos

Ethics in Business Has Become
Words: 2102 Length: 6 Document Type: Essay

Training is part of this process, so that people explicitly understand the ethical culture of the company. Ethical cultures tend to be self-perpetuating because the people within the organization will hold themselves and their co-workers accountable. When you look at a company like Enron, large parts of that company were devoid of ethical standards, so it was much easier for the frauds to occur. Enron also highlights the need

Ethics and Organizational Development Organizational
Words: 1494 Length: 4 Document Type: Term Paper

In this area the facilitators are the human resource personnel. The contribution of HRM to ethics in organization is widespread. Human resource management serves with models and theories to implement an ethical environment for the development of organization. First and foremost relates to performance management. This is a sort of theory that involves performance appraisement, compensation, selection and training. The improvement through this process leads to motivation in employees.

Ethics in Business
Words: 1251 Length: 4 Document Type: Term Paper

Business Ethics The issue of business ethics has been front and center for over a decade, following on the heels of the accounting scandals that led to the passage of the Sarbanes-Oxley Act. That those scandals came in such rapid succession and occurred in such large companies shocked the financial world out of its complacency with respect to ethics. But the issue of business ethics has been around longer than that --

Ethical Decision Making Kimberly Gas Hub
Words: 1739 Length: 5 Document Type: Essay

Ethical Decision Making Kimberly Gas Hub ETHICAL DECISION MAKING IN KIMBERLEY GAS HUB The Kimberley Gas Hub is a controversial project to set up an LNG refinery facility at James Price Point near the Kimberley coast of Western Australia. The company Woodside is interested in setting up the project and it claims that it will boost the mining industry in the region and will bring economic development for the local people. Critics

Ethics and the Legal Environment
Words: 3866 Length: 12 Document Type: Term Paper

Ethics and the Legal Environment George Mackee has a problem. His wife is after him, his boss is after him, and one day soon, the whole community of Hondo, Texas may be after him. George has one very large, very simple problem: He works for Ardnak Plastics, Inc. Ardnack Plastics is a small manufacturing company making small parts for small machinery, yet its corporate problems are far larger. In the wake

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now