Do Corporations Have Moral Responsibilities?

In light of the current corporate scandals that have lately been uncovered in America , honourable stopping point fashioning should be a primary responsibility of management . distressing managerial decisions not only affect employees of the business , it affects sh atomic number 18holders , consumers suppliers , and the union in which it resides . With business ethics now under a microscope , customers and investors now look for responsible decision makingAs companies move toward world ethically and socially responsible , a wide categorization of challenges face today s managers . Decision making is defined ads the sue of identifying and choosing alternative courses of action in a manner remove to the demands of the situation (Kreitner. 246 . Part of the complexity in dealing with ethical decision making is the multiple streams of decisions . Eight intertwined factors that contribute to the decision making process includes multiple criteria , intangibles , risk and uncertainty , semipermanent implications interdisciplinary input , pooled decision making , value judgments , and unmotivated consequences (Kreitner. 246 .

The three main factors that contribute to ethical decision making are long-term implications , value judgments , and unintended consequencesMany companies , such as Enron , resort to poor decision making for short-term positivity . In cases like this one , having poor ethics has been actually profitable . At what point does management realize that they are headed down the wrong path prison ? With such original consequences and so many future livings at stake , wherefore risk it ? High profitability is still attainable man maintaining responsible business practices . On many occasion , proper ethics lead to increased long-term profitability . accord to...If you want to get a full essay, order it on our website: Ordercustompaper.com

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