The Corporation - Ethical Analysis - 2751 Words

Traits associated to a psychopath include irresponsibility, manipulation, grandioseness, lack of empathy, asocial tendencies, inability to feel remorse, refusal to take responsibility for ones actions and superficial relations with others. Modern day corporations display every one of the previously listed characteristics. Is it right that an institution, whose power now rivals that of the State that once created it to seek the better welfare of its citizens, display the psychological traits of a dangerous personality disorder? Many say no: there is a rising discomfort with the corporation and its pervasion into every sphere of human life and it is this uneasiness that has prompted many academics to further study the corporation and its†¦show more content†¦The problem with the personification of the corporation was the kind of person it would become. The best interest of the corporation concept which is now enshrined in most countries corporate law pushes the mantra that executives only goal is to maximize shareholders profits. This has given the corporation a self-interested, uncompassionate personality that promotes its limitless pursuit of profit and power. Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporations most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. Corporations are now expected to deliver the good, not just the goods; to pursueShow MoreRelatedStakeholder Analysis Essay1335 Words   |  6 PagesPRIVATE PRISON CORPORATION OF AMERICA Nowadays, we are facing a major experiment in privatization. For example, private companies have entered the business of managing public schools, or religious schools. Also, they even run in prison industry. Among them is Private Prison Corporation of America, which is growing fast in prison industry in the United States. Especially, immigration detention business has brought up massive profit for Private Prison of America. Therefore, corporation is planningRead MoreRole Of Corporate Ethics On Financial Performance945 Words   |  4 Pageselements of ethical thinking of executives and accountants that consciously put the financial system in catastrophic situation. The study discusses cause-effect relationships between the ethical attitude and professional responsibility. The study is important because it investigates motivational objectives of accounting professionals, values of professional judgment, and actions that fail responsibility, integrity, and objectivity. The authors consider two problems of the study: 1) ethical and culturalRead MoreEthical Discernment: The Adelphia Scandal1655 Words   |  7 PagesEthical discernment Adelphia scandal Statistical analysis This paper relies on secondary data on a past phenomenon. It combines data from journal and other internet sources to bring out aspects of unethical behavior by Adelphias top executive. The analysis of data takes two ethical frameworks. Ethics involve an individuals moral judgments concerning what is right and/or wrong. Individuals or groups of people are responsible for making decisions in an organization (shaw, 2008). Decisions withinRead MoreEthical And Legal Importance Of Social Responsibility1612 Words   |  7 Pages(1575)An Analysis of the Ethical and Legal Importance of Social Responsibility in Corporate Culture This business study will analyze the ethical and legal importance of social responsibility in corporate culture. Friedman (1970) defines the dangers of ‘social responsibility† as a threat to the individualism and profit motives of corporate executives that must serve the corporation before the larger society. More so, Friedman argues that the corporation is an â€Å"artificial person† that relies onRead MoreNike Corporation Essay732 Words   |  3 Pagesinteractions outside the United States. Define the issue and provide an overview of how it became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal with as a result of being global. Write a 1,050- to 1,400-word paper summarizing the results of the analysis. Include the following: Identify ethical perspectives in the global organization. Compare these perspectives across cultures involved in the organization. Describe a viableRead MoreThe Integration Of Law And Ethics945 Words   |  4 Pages2012). There is a view that laws are rules meant to be followed and not necessarily understood for its ethical value. This in turn is a major factor as to why ethical violations exist. New regulations are created often times in the corporate environment or society in response to ethical petitions for change (Blodgett, 2012). In order to have â€Å"ethical sustainability† (Blodgett, 2012, p. 39), the ethical component of laws must be incorporated with new regulations (Blodgett, 2012) The article examinesRead MoreLiving Up to Ethical and Social Responsibilities: The Case of Occidental Petroleum Corporation1394 Words   |  6 PagesLiving Up to Ethical and Social Responsibilities: The Case of Occidental Petroleum Corporation Introduction The recent assassination of a U.S. ambassador in Libya and the rampant anti-American sentiments being expressed in other parts of the world is proof positive that many American-based multinational are faced with a hostile operating environment that demands informed and timely responses. Likewise, many multinational corporations are subscribing to calls for giving back to the communityRead MoreBusiness Ethics Essay1496 Words   |  6 Pagesvirtue ethics for a business is a. newspapers articles about the corporation. b. the corporate mission statement. c. the documentation in human resources justifying the hiring of new staff. d. the resumes of the members of the board of directors and the officers. ANSWER: B Page 22-23 8. The Ethic of Care is a. A set of rules that explain how to prioritize those people affected by a decision so that a utilitarian analysis can be done successfully. b. A set of universal principles,Read MoreAnalyzing Ethical Behavior920 Words   |  4 PagesETCHICAL BEHAVIOR PAPER Analyzing Ethical Behavior Paper Chad L. Million Grand Canyon University BUS-340 Ethical amp; Legal Issues in Bus. Glen Germanowski July 25, 2010 Analyzing Ethical Behavior Paper When functioning in the corporate world, it is an essential to include moral ethics. Ethics is also particularly imperative when laboring with financial information. It is very hard to have faith in someone managing plenty of money. Corporations in the past have distorted their financialRead MoreEthical Guidelines Should Corporations Follow When Using Social Media Marketing1392 Words   |  6 Pages What ethical guidelines should corporations follow when using social media marketing? What exactly does this question mean? It means that corporations should use good judgment when using social media for marketing. Corporations should not take advantage of their consumers by being unethical with their choice of how to market themselves through social media. According to Vinjamuri, there are five main unethical behaviors of corporations when they utilize social media marketing (2011)