Question

Examine (Bloom's 4) how corporate unethical standard setting practices impact the corporate culture and internal and external users. . ● Analyze the consequences for the company and the stakeholders impacted by management's unethical behavior. ● Demonstrate exemplary ability to communicate the impact of human expression on the workplace environment. ● Explanation of perspective from the following views such as stockholder, employees and suppliers. ● Explanation of interpretation of human expression in the workplace. ● Explain how manipulation of data affects the culture and values of the workplace or the employee? Explain how this influences the company culture.

Answer 1

Unethical practices affect the culture of the organization. Setting unethical practices at workplace may also tend to inculcate a sense of unethical attitude in the employees of the organization as well. The unethical practices affects the employees in particular and this may result in productive employees resigning and company may be left with unproductive employees and this may in turn result in lowering output and producing bad quality products which in turn damage brand image and lead to a vicious cycle.

Consequences for the company include:

a. Lower utilization of the resources of the company

b. Bad quality products

c. Unhappy customers

d. Brand value damage

e. Shareholder wealth depletion.

f. Market value degrading and finally

g. Company declaring bankruptcy

Finally the culture of the company will be unethical, this unethical culture may become more and more corruption within the company and this corruption can turn into something big like criminal activity.

For example, let us talk about the Enron scam. The company Enron was having unethical cultures which lead to the top management hiding and manipulating the financial statements to paint a rosy picture when the actual was very bad. This also had external auditors involved in the mess and finally led to closure of Enron and the US government passing new laws like the Sarbanes and Oxley Act of 2002.