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Assignment Title
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Ethical Issues
The given five companies had different ethical issues that have created adversities and
affected the investors. Volkswagens ethical issue was related to the environmental issue. Their
cars were creating an environmental pollution but were intentionally projected as
environmentally friendly by the company. It is a
each of environmental requirements and was
cheating of customers (Bernstein, 2016). FIFA’s co
uption scandal is a moral issue as
ibery is
against the moral values. It is not ethical for the committee to involve in co
upt practices and
provide favor the companies for hosting the world cup etc.
Toshiba’s accounting scandal indicates about the employee behavior and employee
working condition’s ethical issues. As the employees have to obey the orders of the management
and do not have right to question them. Valeant’s secret division gives rise to the transparency
ethical issues that are they did not disclose all the information to the people (Bernstein, 2016). In
the case of Turning pharmacy, it is a
each of the code of medical ethics.
Responsibilities
Responsibilities of managing ethical behavior are not confined only with the organization
as a whole it is the responsibility of the individual who is making the decision. Organization’s
decisions are made by the individuals of the company, and the management of every company
determines the suitable culture and practices for the company depending upon the nature of
usiness. Every organization has their values, ethics, and principles.
Every decision made by the organization is expected to be in line with these values and
principles to ensure that they behave ethically (Marmat, Jain, and Mishra, 2016). Ethical
dilemmas are common in business, and it creates more challenge in decision making. In this
case, the Volkswagens had pressure from environment organizations and customers to produce
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environment-friendly cars. But the action taken by the company was not ethical as they involved
in a deliberate fraudulent activity of cheating the environment board and their customers.
In this case, the responsibility of the entire management as without the cooperation from
the entire management the company would not be in a position to involve such fraud (Marmat,
Jain, and Mishra, 2016). In the case of FIFA committee’s ethical issue, it is the responsibility of
the individuals who were in the decision-making power. It was not the issue with the
management as a whole. In this case, the individuals received the
ibery and misused their
power in providing favor to some companies.
Toshiba is another example where an individual is responsible for ethical issue faced by
the company. It was the rule set by the CEO and...