Ethics and Management Decision Making Essay -- Business Ethics

We have always known that indifferent self-interest was painful virtuouss We know now that it is also uncollectible economics(Franklin Delano Roosevelt as cited in Godwin, 2008 Good Money & Quotes, 2010)1. Introduction business Industry has witnessed the outcomes of bad clean decisions interpreted by business leaders. Enrons story is only one example of corporate scandals and chances of bad moral decisions, which has not only shaken the public trust in corporations, simply also affected the bank accounts of investors and employees. Before the bankruptcy of Enron it was included in one of the fortune 500 companies after its fraudulent accounting case the sh ar went down to $1 (Enron scandal, 2010 PBS, 2002 Godwin, 2006 Godwin, 2008).The bad apples which create fraudulent are now facing prison terms, they are not morally bad character people they just face this because of their limited conceptual schema and dont consider moral values while reservation decisions. Mostly manage rs are known for moral values, and they are not penurious and egoists, the underlying issue is that they have narrow perspective on a particular situation so they dont view the moral consequences of their decisions. They actually lack the ability to imagine a range of realistic issues, consequences and solutions. So just because of their shorter insight they make wrong moral decisions which after give undesirable impacts to society and business as well (Godwin, 2006, Godwin, 2008 Werhane and Moriarty, 2009). line of credit Industry has also witnessed some business leaders who have taken such a good moral decisions that result in unwashed benefit to the company and wider society. Literature shows different instances of companies like Seventh Generation, fuji cherry Xerox, or Green Mountain ... ...Werhane, P.H., Dunham, L. (2002) Moral Imagination A straddle between ethics and entrepreneurship Online. Available at http//papers.ssrn.com/sol3/papers.cfm?abstract_id=252654 (Accessed 06 March 2010).35 Werhane, P.H. (2006) Access, Responsibility, and Funding A Systems Thinking Approach to Universal Access to Oral Health, diary of Dental Education, vol. 70, no. 11, pp. 1184-1195. 36 Werhane, P.H., Moriarty, B. (2009) Moral Imagination and Management Decision-making Online. Available at http//www.corporateethics.org/pdf/moral_imagination.pdf (Accessed 06 March 2010). 37 Yashiro, K., Yoshida, T., Suzuki, Y. (no date) Training on Corporate Social Responsibility in Japanese Companies Based on a Survey 38 Young, G. (2008) Advisory plank and Committees, Encyclopedia of Business ethics and society, vol. 5, no. 1.