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Moral character must be established in order for organizational ethics issues to be resolved effectively.
Yet another main component to process integrity and ethical issue resolution is noral conduct (Petrick & Scherer, 2003). This involves the individual and collective execution of right action on basis that'd sustained. Moral conduct is necessary for Executives to develop and dependable reputation and the alignment of morality with reality (Petrick & Scherer, 2003). The Enron scandal demonstrated hypocrisy and a distinct lack of moral conduct.
Addressing Objections
Throughout the inquiries initially put forth regarding the accounting practices of Enron, executives continually claimed innocence, blamed others, lied, and were deceitful on several levels. These blatant objections to ethical practice were addressed by the authorities, and top Enron executives faced several charges including fines and imprisonment.
Resolution Implementation
Petrick and Scherer (2003) proposed three practices that serve as proposed remedies for ethical...
These remedies are beneficial for the improvement of moral resources among leaders (Petrick & Scherer, 2003). The first remedy is an awareness of the nature and importance of integrity capacity as a strategic asset for a business, which in the Enron scandal would have prevented the adverse effects experienced by stakeholders. The second remedy is the development of auditing and reporting mechanisms that continually respond to stakeholder accountability. The third and final remedy is the expansion of the scope of managerial duty and power to all stakeholders, resulting in a system more conducive to the development of system integrity capacity. The practice of these three remedies may contribute a reduced likeliness of an Enron-type debacle in the future (Petrick & Scherer, 2003).
References
Berenbeim, R.E. (2002). The Enron ethics breakdown. Executive Action, 15.
Petrick, J.A., Scherer, R.F. (2003). The Enron scandal and the neglect of management integrity capacity. Mid-American Journal of Business, 18(1), 37-49.
Sims, R.R., Brinkmann, J. (2003). Enron ethics (or: culture matters more than codes). Journal of Business Ethics, 45, 243-56.
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