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Resolving Ethical Problems in Business

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Resolving Ethical Problems in Business

The financial crisis of 2008 served to underscore the consequences of unethical business practices in major financial powerhouses in the United States. Its impact reverberated across the country and the entire world. As is usually the case with…………

In adopting an approach to resolve ethical problems in business, one needs to identify the factors that interact to create ethical dilemmas in the first place. Some of these factors may be individual-based while…………………

One key measure that can be taken to tackling the problem of failure of personal character is reorienting recruitment policy to focus more on character attributes than mere paper qualifications. Businesses………………..

Conflict between organizational policy and social values has proven to be a key driver of ethical dilemmas in business. Examples abound of how business organizations have irresponsibly managed……….

Finally, personal image concerns or the ego problem has been observed to cloud managerial judgment leading to poor decision making with drastic consequences. Managers who have an exaggerated sense of personal abilities tend to block out useful contributions from employees, leading to loss of opportunity……………..