The Issues Plaguing Luxor Are Not Unique Many Other Organiza

The Issues Plaguing Luxor Are Not Unique Many Other Organizations Ar

The issues plaguing Luxor are not unique, many other organizations are facing similar unethical misconduct. For this part of the project, your committee performs a fact-finding mission to research current ethical issues being experienced by other organizations. Conduct research to find 5 common, unethical conduct issues related to businesses, then in a 2-3 page paper, address the following for each of the 5 issues: Identify the issue (remember that you will need 5). Define the issue, include information on how it takes place, who are the usual perpetrators, where does it typically take place? How does the issue impact the business, the employees, the stakeholders, etc.? What recommendations would you make to resolve the unethical conduct?

Paper For Above instruction

Unethical conduct within organizations can significantly undermine trust, damage reputations, and lead to legal consequences. This paper examines five prevalent unethical issues in the business world: fraud, discrimination, insider trading, environmental misconduct, and sexual harassment. For each issue, the nature, common perpetrators, typical settings, impacts, and potential resolutions are analyzed to provide comprehensive insights into addressing these unethical behaviors.

1. Fraud

Fraud involves deliberate deception to secure unfair or unlawful financial gain. It manifests through falsified financial statements, embezzlement, or misappropriation of assets. Typically perpetrated by employees in positions of trust, such as accountants, managers, or executives, fraud often occurs within the finance and accounting departments but can also occur across various levels of an organization. Common environments include corporate offices, accounting firms, or financial institutions. The impacts of fraud are severe, leading to financial losses, erosion of stakeholder confidence, and legal consequences. To combat fraud, organizations should enforce strict internal controls, promote a strong ethical culture, conduct regular audits, and establish clear whistleblower policies.

2. Discrimination

Discrimination in workplaces involves unfair treatment based on race, gender, age, religion, or other protected characteristics. It can occur in hiring, promotions, salary decisions, or daily interactions. Perpetrators are often managers, HR personnel, or coworkers. Discrimination might occur in corporate offices, manufacturing plants, or service industries. Its impacts include reduced employee morale, increased turnover, legal liabilities, and a tarnished organizational reputation. To address discrimination, organizations should implement comprehensive diversity and inclusion policies, provide anti-discrimination training, and enforce strict penalties for discriminatory behavior.

3. Insider Trading

Insider trading refers to buying or selling securities based on non-public, material information about a company. Usually perpetrated by employees, executives, or individuals with privileged access to confidential information, it takes place within corporate environments, financial trading floors, or through informal networks. The consequences include unfair market advantage, financial penalties, and legal actions from regulatory bodies like the SEC. Prevention strategies include implementing strict confidentiality agreements, monitoring trading activities, and fostering an ethical culture that emphasizes legal compliance.

4. Environmental Misconduct

Environmental misconduct pertains to violations of environmental laws or unethical practices that harm the environment, such as illegal dumping, emissions violations, or unsafe disposal of hazardous waste. The perpetrators are often corporations, environmental managers, or subcontractors aiming to reduce costs. These violations typically occur in manufacturing sites, factories, or resource extraction operations. Effects include ecological damage, community health risks, legal sanctions, and reputational harm. To prevent environmental misconduct, companies should adhere to environmental regulations, conduct regular audits, adopt sustainable practices, and promote corporate social responsibility.

5. Sexual Harassment

Sexual harassment involves unwelcome sexual advances, comments, or conduct that creates a hostile work environment. It is often perpetrated by supervisors, colleagues, or clients. This issue can emerge in any organizational setting, from corporate offices to service industries. The impacts are profound, leading to decreased morale, mental health impacts on victims, increased turnover, and potential legal liabilities. Prevention requires clear anti-harassment policies, regular training, prompt investigation of complaints, and a supportive environment that encourages reporting.

Conclusion

Unethical conduct in organizations, whether fraud, discrimination, insider trading, environmental violations, or sexual harassment, poses significant threats to organizational integrity and stakeholder trust. Addressing these issues requires a comprehensive approach involving strong policies, continuous training, vigilant oversight, and fostering an organizational culture rooted in ethical principles. By implementing these strategies, organizations can mitigate unethical behaviors, protect their reputation, and promote a fair, lawful, and sustainable workplace environment.

References

• Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2019). Business Ethics: Ethical Decision Making & Cases. Cengage Learning.
• Treviño, L. K., & Nelson, K. A. (2017). Managing Business Ethics: Straight Talk about How to Do It Right. Wiley.
• U.S. Securities and Exchange Commission (SEC). (2020). Insider Trading. Retrieved from https://www.sec.gov/
• United Nations Environment Programme. (2021). Business and Environmental Responsibility. UNEP.
• Bennett, D. (2018). Workplace Discrimination and Diversity Policies. Journal of Business Ethics, 152(2), 377-387.
• Smith, J. (2020). Corporate Fraud and Ethical Leadership. Journal of Finance and Ethics, 8(1), 45-60.
• Equal Employment Opportunity Commission (EEOC). (2019). Sexual Harassment. EEOC.gov.
• Environmental Protection Agency (EPA). (2022). Preventing Pollution and Toxic Incidents. EPA.gov.
• Kaptein, M. (2011). Ethical Organizational Culture: Insights from the Business Ethics Literature. Business & Society, 50(2), 187-218.
• Verzuh, E. (2015). The Fast Forward MBA in Project Management. Wiley.