Ase study: What is Up With Wall Street? The Goldman Standard and Shades of Gray
Evaluate the Price of Ethical Behavior:
The most frequently told joke about business in this country is probably that Business ethicsis an oxymoron. Lying and false representation seem to be straightforward concepts. Is lying always wrong? This question has plagued modern ethicists, and is often exacerbated within the realms of individual and corporate capitalism. It seems, then, that taking ethics seriously in business extracts a price and may make success more difficult to come by. However, if this is true, why should any of us make the effort to do what is right? In particular, what would we say to someone who asks, Why should I be ethical? Whatas in it for me?”
Using Case 2.11 on pp. 73-86, What is Up With Wall Street? The Goldman Standard and Shades of Gray, answer questions 1-6 on p. 82-83. After reading the document and before answering the questions, initiate your paper with the problem statement; The problem to be investigated is ________________________.
Length: 5-7 pages (app. 350 words per page)
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to the Academic Integrity Policy.
Learning Outcomes: 1, 2, 3, 4, 5
Compare and contrast the approaches of the parties who influence business decision making as it relates to ethics and of those who are influenced by their decisions.
Analyze the conflicting objectives of business leaders who influence business decisions.
Evaluate the actions that a company may take to meet ethical considerations relative to social performance, financial performance, and reputation.
Assess the extent to which social, ethical and public issues must be considered in internal and external stakeholder relationships.
Evaluate ethics in an academic setting, especially in regard to academic integrity and the code of conduct.