The Effectiveness Of Business Ethics In Education And Today’s Workplace

2556 words - 11 pages

The Effectiveness of Business Ethics in Education and Today’s Workplace

October 13th, 2012

What do Bernard Madoff, Kenneth Lay and Rob Blagojevich all have in common? They all operated with no apparent ethical behavior even though each had received educational backgrounds in which ethical business practices were taught. As L. Zingales states, “While every firm can have its bad apples, when these apples are at the top, it suggests that a company has either a corrupt culture or a defective selection process, or both.” (Zingales, Jul 16, 2012). In Madoffs case, the Ponzi scheme had been going on since the early 1990’s (Morrissey, Aug 11, 2009). Under the direction of ...view middle of the document...

“When Lee Igel's students ask him why New York University doesn't require them to take business ethics courses, the associate professor reminds them of the codes of values that every scandalized organization handed out to new hires and plastered to every available surface.” (Wecker. Sep 20, 2011).
"Did it make a difference? Of course not," Igel tells his management and organizational behavior classes at NYU's School of Continuing and Professional Studies. "[Students] did not need to learn the difference between right and wrong ... [but] how to apply the difference between right and wrong to their work" (Wecker. Sep 20, 2011).
Additionally another school, University of Chicago’s Booth School of Business, doesn’t even have an ethics course in its catalog of classes.
“The University of Chicago's Booth School of Business is one of the few business schools that doesn't seem to have a business ethics class in its course catalog. In a chat on the school's website in April 2011, Ellie McDonald, associate director of admissions and marketing for Booth's evening and weekend M.B.A. programs, told a prospective student, "Chicago Booth does not have any classes specifically targeted to ethics, however, each professor incorporates that topic in their lectures” (Wecker. Sep 20, 2011).
On the other hand, there is evidence that education in business ethics is a worthwhile endeavor as it creates an awareness of moral issues in students as well improve their ability to cope with complex ethical decisions (Cagle, Glasgo, & Holmes, pg 77). The traditional method of teaching ethics in a single course only has a short-lived effect. Instead there has been a shift in attitude toward integrating business ethics into more courses in a business curriculum (Cagle, Glasgo, & Holmes, pg 77). In teaching business ethics, however, there are several factors to consider:
“Scholarly inquiry has commonly focused on questions of (1) who should teach business ethics; (2) what should be taught in a business ethics component or course; (3) where or in what courses should business ethics be taught; and, (4) when would business ethics education be of greatest value to the student (freshman, sophomore, junior, or senior year?). The results of those inquiries seem to indicate that:
1. No one single type of instructor is best qualified to teach business ethics;
neither the philosopher nor the theologian is sufficiently familiar with
widespread business practices. The business practitioner is usually unfamiliar
with ethical theory;^
2. The content of business ethics courses should relate as closely as
possible to the students' own life experiences^ and that textbook casework
might not be effective because of the lack of experience and sophistication
possessed by traditional college students;^
3. Business ethics should be integrated into all business courses and not
left to a single course often taught by those unfamiliar with the broad
spectrum of business...

Other Papers Like The Effectiveness of Business Ethics in Education and Today’s Workplace

Ethics and Corporate Responsibility in the Workplace and the World

1607 words - 7 pages Ethics and Corporate Responsibility in the Workplace and the World Mohammad Hawari Dr.  Andrea Brvenik Strayer University Aug.18th.2014 Introduction PharmaCare is a national pharmacy management, staffing, and consulting company , PharmaCare is caring of producing drugs and improve of quality of life . The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs

Ethics and Corporate Responsibility in the Workplace and the World

1658 words - 7 pages Assignment #2: Ethics and Corporate Responsibility in the Workplace and the World This paper will explore the common issues of what a lot of companies face when dealing with employee relations and factors in the reality of some companies that go to the extreme into violating laws to hide illegal practices. These are not isolated cases; these bad practices are more common than we think they are. It really takes a good solid manager to

Ethics in the Workplace Google

2563 words - 11 pages .” This vision defines who we are and what we do, guiding us as we reach our goals. For Google, formal ethical and legal compliance are closely tied to the preservation of our company’s reputation and brand value. The Google Group is committed to integrity in all its business dealings and, as the corporate website firmly states, “this is non-negotiable.” Google affirms, “We can only achieve our vision of being a leading and exemplary gases

Importance Of Ethics And Social Responsibility In The Business World

1388 words - 6 pages IntroductionStrategic ethics and social responsibility are two of the most important, yet perhaps most misunderstood concerns in the world of business today. By their very nature, these fields are controversial, and there is no universally accepted approach for solving their questions. On the other hand, government is encouraging organizational accountability for ethical conduct, and organisations are being asked to prevent and control

Latest World Events That Are Shaping Today’S Business World And The Importance Of Gathering Information Accurately:

564 words - 3 pages restaurants, beauty salons, entertainment events, touristic excursions, and many other stores. Also, it served as a platform for the businesses participating, since trough it the firms gain publicity exposure. This new sites had a successfully reception by the consumer in Puerto Rico. Online sales and smartphones are technology advances shaping today’s marketing business worldwide. Marketers aiming to be competitive must be part of these new

Ethics In The Workplace Or Organization

1213 words - 5 pages general practice throughout the world. It is not just the part of the business world. If follow the certain ethics, we will have better chance of survival. And if we do not follow the rules of ethics even than we will end up somewhere higher, but we will not have the good will, reputation or for sure we will not in the good books of a lot of people. It does not tell you to follow the society, but to research what really is right. Ethics refers to

Employees’ Personal Differences and Preferences and the Impact on Ethics in the Workplace: How Personal Can Ethics Get?

1739 words - 7 pages Employees’ Personal Differences and Preferences and the Impact on Ethics in the Workplace: How Personal Can Ethics Get? Abstract This paper addresses the case study “How Personal Can Ethics Get?” and the effects of ethics within the workplace. In the case study, Valerie is facing ethical dilemmas within her workplace after coming across some controversial information. Valerie must consider her options carefully because she has many

Ethics In Business And Management

2126 words - 9 pages risk with these expenses. Let us turn to option 2. Using Milton Friedman CSR business concept, Milton would agree with this option. In his view, a corporation’s only social responsibility is “to make as much money as possible while conforming to the basic rules of the society” (Textbook, p. 42). Clearly, in this case, Barrick has complied to all the laws and ethical customs. Specifically, when relocating families around the mine to different

Ethics in the Business Environment

1307 words - 6 pages color, religion, race, national origin or sex. Distinguishing between right and wrong business dealings The Rub and Grub Company trusts that the individual selected to work for the company acts ethically in their day to day life which will therefore carry over to the workplace. Some common universal principles of ethics that is sought and is part of the culture of The Rub and Grub Company are as follows: • Impartiality – being objective and open

The Impact Technology Will Have on Effectiveness of Education

3729 words - 15 pages , others are available by subscription from resources like Adobe. The advantages of online classes are reasonably obvious. Rather than us traveling to the class, the class comes to the student via the Internet. Sauers and Walker (2004) noted the following: The advantages and disadvantages of online education have been debated in all disciplines and at all levels of the university. Business communication scholars recognize that online learning

Ethics: Complexity and Transparency in the Business World

2029 words - 9 pages the business world. In the context of global business, complexity can be loosely defined as the state of intricacy of interactions of people, objects, events, and transactions. The modern business world and the business environment is highly complex in its nature, and therefore transparency is essential for shareholders and investors to better understand their investments, as well as deter fraudulent behavior. The complexity in the modern business

Related Essays

Business Ethics In The Workplace Essay

1381 words - 6 pages reasons why they behave the way they do. If the staff could have access to someone who could help us put our many issues aside from school into perspective, it will give us a more open mind when it comes to interacting with others in the workplace. I can honestly say that our staff is not as strong of a team as we should be when dealing with such imaginative and creative children. If we could deal with our interpersonal issues at work we will be

The Dos And Don'ts Of Effective Business Communication In Today’s World

586 words - 3 pages The Dos and Don’ts of Effective Business Communication in Today’s World Business communication takes different forms including verbal, oral and electronic. It is essential for the success of every company and organization nowadays as it influences its managing and performance. (Vitez, 2014) Therefore there are main dos and don’ts that everybody from employees to top managers should know in order to communicate efficiently. To begin with

Evaluating The Effectiveness Of Workplace Law Reform

1849 words - 8 pages Evaluate the effectiveness of law reform in achieving justice for the employer and employee in reflecting community standards and expectations from 2009 to present. The law aims to achieve justice for employers and employees as well as reflect the standards and expectations of the community. In order to judge the effectiveness of workplace law, as well as workplace law reforms, numerous factors must be taken into account. The law must be

Ethics And Corporate Responsibility In The Workplace And The World

2448 words - 10 pages Ethics and Corporate Responsibility in the Workplace and the World Law, Ethics, and Corporate Governance Professor Andrea Brvenik August 16, 2014 Stakeholders & PharmaCARE Stakeholders take on many forms and guises depending on the context of the business. Experts write personal definitions and musings on what they feel a stakeholder is, while others disagree and have their own, sometimes conflicting personal findings. It