The Smartest Guys Of The Room, Or The Most Unethical

Mariam Al Dobouni Ethics Essay OHBR 330 March 3, 2015 The Smartest Guys in the Room, or the Most Unethical? Making ethical decisions often requires a trade-off. Whether it be for an organizational formation or individual, there is always a cost. After a number of scandals from ethical misconduct within Enron, the proper course of action was once questionable, but now revealed. Nevertheless, organizations continue to struggle with moral decision-making on a daily basis as they consider the cost of making such decisions. Throughout this paper, I will discuss the key components of the ethical decision making process, the connection between Enron, and personal experience of making ethical decisions from employment history. Ethics are extremely important in the workplace to maintain order, ensuring that a company runs properly and efficiently. According to authors Colquitt, LePine, Wesson, ethics is noted as, â€Å"The degree to which the behaviors of an authority are in accordance with generally accepted moral norms† (Colquitt, LePine, Wesson). The decisions that individuals make on a daily basis have a great deal morality within. Characteristics that aid in the ethical decision making process include dedication, integrity, conduct, and many more. Every company makes its values and ethics known immediately after hiring an employee, or specifically, during the interview process. In many businesses, no matter how well an employee performs, workplace values and ethics areShow MoreRelatedManagerial Ethics: Enron Case Study1392 Words   |  6 PagesIntroduction The book The Smartest Guys in the Room describes the Enron fraud case. Enron, the Houston-based energy trading company committed systematic fraud over the course of several years before finally being subject to investigation. 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People employed at Enron cared about two things the stock price of the company, and the money they could put in their own pockets. This was what caused the fall of one of the bigges t energy companies in the U.S†¦ Enron failing did not happen overnight itRead MoreThe Collapse of Enron Seemed to Be a Thumb in the Nose to the Efficient Markets Hypothesis and Agency Theory. Discuss.2242 Words   |  9 PagesThe collapse of Enron was entirely related to the accounting practices adopted by the company. It is a number of these questionable, and in some cases straight out fraudulent, accounting practices that pertained to the most dramatic collapse of a major company in years. An analysis of some of these accounting practices brings to light the problems with the use of concepts such as mark-to-market accounting and the use of special purpose entity’s (SPE’s). To say that the collapse â€Å"seemed to be a