Business ethics Essay Example | Topics and Well Written Essays - 1500 words

Business ethics - move ExampleKey Issues in the Case Evaluating on Rational Grounds The depicted object highlighted in the typeface ignites several new(prenominal) have it offs, all which ar significant to consider in the business environment. Richard Smart, who is currently dowry as the CEO of the union has taken the company to a new height. Because of his contributions in companys growth and success, he is admired by the board of directors and stakeholders of the company. However, the basis on which he was appointed on the seat of CEO was nullified, when the truth was unleashed about false information of his degree from the Harvard University. This explains that he was actually non the deserving applicant, but was selected by misguiding the company about his true qualifications. Another factor that can be assumed on this basis that there might be other lies he had told to the board members to waste ones time the position. Therefore, the entire image of Richard Smart is no w in serious doubts. The standing dilemma is that the company is doing upright business in his supervision and expelling him would affect the mart position of the company. However, the decision on this issue is not limited to the direct success or collapse of the company alone, and there are other factors too that are crucial in ensuring smooth work flow in the company. Among these factors, the concern and issues from stakeholders are of significance importance. Issues that can arise from employees, customers and stockholders have to be evaluated in the decision process. The truth, that the CEO has shown false program line document, cannot be kept hidden for long, and would raise doubts in stack holders about the management system of the company when they will learn about this truth (Weiss, 2009). Presenting false documents in the business world is considered an ethical iniquity and there are definite set of rules for such criminals. When investors will come to know that they hav e been traffic with a fraud CEO or criminal to be precise, their relations and motivation in investment in the company would certainly be lower down (Weiss, 2009). This can directly affect the productiveness and market standing of the company, which is against the interest of every individual associated with the company. Moreover, when this issue will come in the fellowship of companys employees, their trust and respect level for companys tipership would certainly be decreased. On the other side, replacing the current CEO with a new one will in addition result in the same thing, as a black spot on companys supervision and management will remain in the minds of employees (Weiss, 2009). Another critical element is the pressure exerted by the government or general stock holders. Stock holders would certainly pressurize the board of directors to bury the issue from media and customers. Once the image of the company is damaged in front of their customers, it is very hard to regain t hat report card (Weiss, 2009). However, if any of the competitor companies got to know that Super Software has built false reputation in the market with a fraud CEO, it can bring reveal this in a press conference. This might lead the company in paying heavy penalties to the government and losing customer loyalty as well. The worst scenario would be when the government is involved in the matter as this could bring the toughest time for the company in argue the reason for hiding the truth. The only way to avoid this happening is to think of a