Essay on Personal Ethical Framework - 2584 Words

According to Johnson (2012) leaders are powerful role models, and policies will have a little effect if leaders do not follow the rules they set. In Enron case, corruption and ethical misconduct were deeply embedded in their business culture where profitability was more important than ethics. In this paper, I will address the factors that had led to the development of the culture of profit before principle at Enron. Also, I will create my personal code of ethics that will guide me in my professional and personal decision making and doing the right thing when faced with ethical challenges. â€Å"Enron: The Smartest Guys in the Room† shows us how basic human nature does not change, whether it is firing as a means to resolve disputes, or in the†¦show more content†¦Here, Ken Lay also had casted shadow of misplaced and broken loyalties. Decisions were made without considering their duties to their stakeholders especially the employees. In an interview by Lucas Koerwer (2004), Watkins stated Enrons most notorious accounting fraud relates to the income statement manipulation (loss avoidance) that occurred via the use of the Raptor structures. Watkins added that, in early 2000, McMahon went to Jeff Skilling and said that the conflict of interest between Enron and Andy Fastows LJM fund was getting out of hand. Skilling ended up moving McMahon to a different department. Because of this people in accounting stopped protesting.. In the documentary video, Bethany McLean stated that Enron’s Financial Statements does not makes sense; â€Å"the company was producing little cash flow, and debt is rising†. Fraud was present. â€Å"The companys lack of accuracy in reporting its financial affairs, followed by financial restatements disclosing billions of dollars of omitted liabilities and losses, contributed to its downfall†(Effects of Enron, 2005). This is dishonesty at its best in accounting world. Lucas and Koerwer (2004) wrote, â€Å"every single thing that Enron did had shades of dirty play associated with it†. Ken Lay would say, I always try to hire the best people forShow MoreRelatedQuestions On Personal Ethical Framework1203 Words   |  5 Pagesshare my personal ethical framework I want to first state how difficult this process has been. Through the course of class, I have discovered that evaluating yourself if leaps and bounds more difficult than evaluating others, well at least it was for me. The course readings have been very influential, and very telling as it relates to building my own ethical framework. While I feel personally that I naturally was drawn to the Frankl reading, I was caught off guard in realizing that my ethical frameworkRead MoreEthical Framework1199 Words   |  5 PagesRunning Head: EITHICAL FRAMEWORK Ethical Framework Grand Canyon University: NRS437V June 14, 2010 Ethical Framework As a professional health care worker, the implication confidentiality breach regarding ethical dilemmas are significant to nurse and patient. The information disclosed can cause problems on a personal and professional level. Breach of confidentiality occurs when the heath care work discloses the patient s medical or personal information without the patient s informed writtenRead MoreWhy The Selling Of Customer Information At Outside Parties Creates An Ethical Dilemma1557 Words   |  7 PagesThis report is to evaluate and to make a determination on whether the selling of customer information to outside parties creates an ethical dilemma to an organization. It will investigate whether the implementation of this new method of revenue generation will create an ethical conflict with the website disclosure that â€Å"We will not sell our customer’s personal information to anyone, for any purpose. Period.† Introduction Companies have globalized, all over the world and social media has become aRead MoreThe Evolutions Of Social Media1585 Words   |  7 PagesThe nursing student faces an ethical dilemma on whether to accept or to not accept a client’s friend request on Facebook. The use of an ethical framework is beneficial in aiding a nurse through an ethical dilemma. An ethical framework by Oberle and Raffin will be used for the case analysis, followed by a personal reflection. The Oberle and Raffin model includes questions to be considered during the analysis and provides a framework that may be applied to various ethical cases. 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A leader s awareness of the ethical constructs of ethics, moral, and legal standards is necessary and can influence the ethical framework their staff uses to process ethical dilemmas (Cianci, Hannah, Roberts, Tsakunis, 2013)Read MoreThe Importance of Critical Thinking and Ethical Decision Making on Social Work1149 Words   |  5 PagesIt is my belief that in order for someone in the social work profession to serve vulnerable populations it was intended to serve, it i s imperative to use critical thinking and ethical decision making in tandem to achieve the optimal result. The balance is a delicate and often complex. It requires a close examination or critically thinking, of all the issues not just within yourself, but the community as a whole, the individuals within it, and the client population that the social work serves. TheRead MorePersonal Vs. Professional Ethics Essay1549 Words   |  7 PagesIntroduction to Research Methods - Assignment 1 Personal v/s Professional Ethics The Oxford (Dictionary) defines ethic as a set of moral principles, forming a system. (Durant 1961) defines ethic as ‘the ideal conduct’. But none of them mention who creates these moral principles, who decides what is immoral, how does one state what ideal conduct is, and whether these definitions change from person to person, time to time and in different situations. (Jindal-Snape and Hannah 2014) describe three formsRead MoreMaking A Business Decision For Any Ceo Essay1130 Words   |  5 Pagesmade in a business. Thus, the need for ethical decision making. Ethics is described as a normative, because is rely on our reasoning of how we should act. How we think we should act is heavily influenced by our morals and personal integrity. Norms are normal behaviors but what may be normal or what my values are may be different from yours. Therefore, in business, it is important to create good ethical values as set standards. Not only does this create personal responsibly but also aware of socialRead MoreThe Right Of Self Determination1438 Words   |  6 Pagesaims to highlight an ethical dilemma faced by a social work student on placement in a homeless shelter. The case study draws on ethical frameworks and theories that have been applied during practice and the questions raised at the end of the five-month placement. This critique analyses and evaluates the resolutions made around Ian’s mental capacity to make autonomous decisions and the students personal involvement in an intervention of protecting Ian from harm. Ethics, Framework and Theory Ethics