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Showing posts with label enron. Show all posts
Showing posts with label enron. Show all posts

Wednesday, September 30, 2009

Do you know the difference between RIGHT and WRONG??

Our lives are full of decisions, what to eat, what to wear, should I do my homework, should I hang out with friends, should I... should I... should I?

What about should I accept a $50,000 bribe to facilitate the 5 million dollar business deal? This is a question that we don`t have to ask ourselves on a daily basis, or maybe we are in a country/industry where we do, but the important thing is; how do we answer? Well Bernard Madoff knew his answer and so did the top heads at Enron. Madoff, made off with a cool billion before his bad luck caught up with him.


Business ethics is a very abstract subject and depending on our backgrounds and motives we have different view points. I thought I was set in my opinion that a business ethics course wouldn`t have much impact on my decisions after school. I thought, I`ve been pretty good up`till now why would I change when I`m working in the real world.
Then today, while doing a presentation on this very topic a classmate pointed out, `we haven`t had to ask ourselves these types of questions before now`, so I thought maybe an ethics course isn`t such a bad idea.

Whether e-business or non-virtual business there are ethical decisions that we need to make. The question I pose to you - my readers, is. Do you know the difference between right and wrong?

A real world case that puts the ethics to test - Enron...check out the clip