MGT 344 Organizational Ethics Issue Resolution Paper

MGT 344 Organizational Ethics Issue Resolution Paper

Organizational Ethics Issue Resolution

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All organizations have ethical issues, which need to be dealt with in a specific and timely manner in order to satisfy all of the parties involved. In an environment where companies are in a fish bowl and everyone can see everything, it is important to have specific rules and regulations in place. It is just as important for the employees to have well defined objectives and detailed codes of ethics to follow in order to behave according to the culture of their specific company. Without standards and a written code of ethics, managers would have a difficult time providing clear and consistent objectives to the e……………………..

Organizational Ethics Issue Resolution Paper

Introduction
For this paper Washington Mutual has been selected to show how the ethical decision making process can be achieve. When it comes to business ethics in the workplace Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option can appear to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract. These ethical decisions are real-life situations where they are forced to make on a daily basis. This is why it is ultimately important that all employee know the six steps to ethical decision making that the company uses.
The selected issue for the paper is where an employee has not given their current or potential customers accurate information when opening accounts or requesting new services from Washington Mutual. When a person is in the workplace proper business ethics is used on a daily basis. An employee can make ethical decisions by applying their critical thinking skills to the situation they can ensure that the decision that they make is the right decision. The decision process can be very tiresome process but with the proper procedures one can become a better decisions maker.
This paper will examine the six ethical decision making steps which are issue clarification, stakeholder analysis, values identification, issue resolution, addressing objectives, and resolution implementation and how they relate to the above issue where an employee has not given their current or potential customers accurate information when opening accounts or requesting new services from Washington Mutual. This paper will examine how each step relates to the company and the selected issue.
Issue clarification……………….

Organizational Ethic Issue Resolution

An organization that lacks a true culture of ethical compliance can create problems with integrity issues with stakeholders and customers. When a major company such as Enron, was structured their approach to ethics on the surface appeared to oppose progressive innovation. The policies and ethics programs were set up to protect the company and its shareholders. According to author Berenbeim, The Enron company had a detailed code of ethics it was not enough the organization needed to incorporate ethics and integrity throughout their corporate culture. Enron had to focus on business ethics issues raised by the conduct of the company’s directors, officers, accounts and lawyers (Berenbeim, 2002).
Issue Clarification

The overall view clarification of the issue illustrates the evolution of Enron’s innovations and fraud. The business records of the company financial economists and accountant’s uncovered considerable number information and incentive issues. The issues both complicate and potentially resolve the appraised valuation questions such as; earnings growth, stock splits, dividend changes, free cash flow limitations, share price-based compensation and hedging of market risks. The Enron Company contributed large sums of money to non-profit organizations for the purpose of acting on probable ethical issues before they become legal dilemmas. The company failed to inform its consumers of the business decisions made even though they had knowledge that the person at the other end of the business deal did not. The Enron Company filed a Chapter 11 to seek bankruptcy protection. The uncertainty of the company’s standings impacted the market’s confidence in…

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MGT 344 Organizational Ethics Issue Resolution Paper