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The Greatest Business Ethics Scandals of the 21st Century

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Daniel Jonathan Frenkel

on 22 May 2013

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Transcript of The Greatest Business Ethics Scandals of the 21st Century

The Greatest Business Ethics Scandals of the 21st Century Research Methods Questions? Ethical Scandal Types of Scandals Evaluation Framework Managerial Implications Outlook and Limitations Academic
Paper Selection Newspaper Analysis Search Engine Used: Total Papers Found: 116

Total Papers Used: 6 Search Terms: 1. Business, Ethics, Scandals
2. Societal Norms
3. Scandal, Intention
4. Civil Rights, Definition
5. Corruption, Definition Search Engines Used: Search Terms: 1. Business, Ethical Scandals
2. Business, Ethics Scandal
3. Company, Scandal, Ethics
4. Business, Scandal Total Papers Found: 1,261

Total Papers Used: 395 "Scandalous behavior constitutes a type of 'social drama', an event that revolves around a breach of group or societal norms in some important public manner."
(Sims: 2009: 455) Scandal Types Ranking: Affectations of (Non-)Stakeholders: General Framework: Infringement of Civil Rights Scandals: Stakeholder Affectation: How many non-executives were affected?
How many executives were affected?
Did the infringement take place at work or in the personal life? 60 1 Both How many non-executives were affected?
How many executives were affected?
Did the infringement take place at work or in the personal life? 28,000 0 Work Corporate Culpability: Did executives know of the practice?
How long was the practice in place?
Was the practice common or was it an isolated case? Suspected 1-2 years Isolated case Did executives know of the practice?
How long was the practice in place?
Was the practice common or was it an isolated case? Yes Common Corporate Affectation: How much was the company fined/how high was the settlement?
How many non-executives were indicted?
How many non-executives were convicted?
How many executives were indicted?
How many executives were convicted?
Did the scandal lead to the company's liquidation? Nothing 3 1 > 10 years 0 0 No serious repercussions How much was the company fined/how high was the settlement?
How many non-executives were indicted?
How many non-executives were convicted?
How many executives were indicted?
How many executives were convicted?
Did the scandal lead to the company's liquidation? $72.5 million 0 0 0 0 No serious repercussions Two objectives: Give Qualitative Criteria a Quantitative Value Adjust Quantitative Criteria Solution Approach Group Answer Options Step 1 Step 3 Assign Equal Scores to the Options Weight the Scores Step 2 Only takes a few criteria into account, disregards others
Only analyzes the impact on the most affected stakeholders, neglects others
Specific criteria have further limitations
These limitations represent areas for further research
Full transcript