Ethics and Management Decision Making Essay -- Business Ethics

We have always k straight offn that heedless self-seeking was bad morals We know now that it is as well bad political economy(Franklin Delano Roosevelt as cited in Godwin, 2008 Good M acey & Quotes, 2010)1. Introduction Business assiduity has witnessed the outcomes of bad moral decisions taken by business leaders. Enrons report is only one example of corporate scandals and cases of bad moral decisions, which has not only shaken the public trust in corporations, but 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 grant 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 extension people they just face this because of their limited conceptual schema and codt consider moral values while making decisions. broadly speaking managers ar e known for moral values, and they are not greedy and egoists, the central issue is that they have narrow perspective on a occurrence situation so they dont view the moral consequences of their decisions. They rattling lack the ability to imagine a range of possible issues, consequences and solutions. So just because of their shorter insight they make wrong moral decisions which later fork up undesirable impacts to society and business as well (Godwin, 2006, Godwin, 2008 Werhane and Moriarty, 2009).Business manufacturing has also witnessed some business leaders who have taken much(prenominal) a good moral decisions that result in mutual turn a profit to the company and wider society. Literature shows different instances of companies like Seventh Generation, Fuji Xerox, or Green Mountain ... ...Werhane, P.H., Dunham, L. (2002) Moral Imagination A Bridge amongst ethics and entrepreneurship Online. Available at http//papers.ssrn.com/sol3/papers.cfm?abstract_id=252654 (Accessed 06 edge 2010).35 Werhane, P.H. (2006) Access, Responsibility, and Funding A Systems thought Approach to Universal Access to Oral Health, Journal of alveolar 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 Panel and Committees, encyclopedia of Business ethics and society, vol. 5, no. 1.