BPMN3123 Management Ethics Assignment

Added on - Dec 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 2 of 5 pages
BPMN3123 MANAGEMENT ETHICSSEMESTER ONE SESSION 2020/2021 (A201)INDIVIDUAL ASSIGNMENT 1MOVIE REVIEW: “THE CROOKED E: THE UNSHREDDED TRUTHABOUT ENRON”GROUP AGLECTURER: DR. MOHD NIZAM BIN M SARKAWIASSIGNMENT BY:MATRIC NONAME262816SITI NOOR AZREENA BINTI ABDUL RASHIDDATE OF SUBMISSION: 18 NOVEMBER 2020
Online Video Assignment 1 (Input from Chapter 1-4) The Crooked E“The Crooked E: The Unshredded Truth about Enron” is a film about Enron's rise andfall from grace, as seen through the eyes of one of his workers, as many have lost their jobsand retirement funds. It was released on January 5, 2003 and was directed by PenelopeSpheeris. What happened to Enron was the corporation's bankruptcy was the biggest onrecord at the time, which is at $63 billion in assets. The breakdown of the business rocked thestock markets and almost devastated the oil sector.Based on Chapter one of Management Ethics “Basic Principles: Ethics andBusiness”,Enron is violating the Moral Standards characteristics. First, moral values dealwith problems that are extreme, for example issues that we feel can be profoundly wrong orbenefit human beings greatly. In American society for instance, most people have moralvalues against fraud, rape, stealing, enslavement, child violence, murder, assault, violating thelaw, slander, and so on. Many of these deals specifically with problems that individualsbelieve are severe types of injury. Since they are about serious matters, breaking moralprinciples is seen as severely incorrect and we believe that we have a stronger claim on theresponsibility to follow moral standards than traditional standards do. Enron hides their debtfrom public and also their employees because if they reveal the debt, it would expose the baddeals of management and will lower the stock price. The company also pays huge bonuses totheir employees based on phony profits. They are selling stocks while telling everyone to buymore.Next, it is thought that moral values are universal. That is, if we truly believe thatmoral values such as “Do not steal” or “Do not lie” are moral norms, then we will also feelthat everyone should strive to live up to those norms, and when we see someone transgressingthem, we will get angry. When we heard that Enron's managers were all lying to us and theirclients, we did not believe it was okay for them to break our moral values against lying andfraud. We did not think, "It was all right for them to lie and steal, as long as they felt it wasall right." nor did us think, "Although I feel that lying and stealing is wrong, they don't haveto comply with my moral standards." On the contrary, precisely because they felt that thestandards against lying and stealing are moral standards, the public was angry, and soeveryone has to comply with them, whether they want to or not. On the other hand,traditional values are not seen as universal. For example, laws apply only within a particular
Desklib Logo
You are reading a preview
Upload your documents to download or

Become a Desklib member to get access