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Essay / Business Ethics Issues in the Movie Boiler Room
Business Ethics Issues in the Movie “Boiler Room”Business includes principles and standards that guide behavior in the business world. Stakeholders – investors, customers, interest groups, employees, legal system authorities, and the community often determine whether a specific behavior is good or bad, ethical or unethical. The judgments of these groups influence society's acceptance or rejection of a company and its activities. Every company has a social responsibility towards society. This means maximizing positive effects and minimizing negative effects on society. Social responsibilities include economic responsibilities - producing goods and services that society needs at a price that satisfy both businesses and consumers, legal responsibility - the laws that businesses must obey, ethical responsibilities - the behaviors and activities that society expects of businesses, but are not codified in law, philanthropic responsibilities represent the company's desire to give back to society (charity, volunteering, sponsorship). Ethical problems in business arise due to conflicts between an individual's personal philosophies and moral values and the values or attitudes of the organization in which a person works and the society in which he or she lives. Ethical issues can be identified in terms of the main stakeholders and functions of the business. Ethical issues related to ownership include conflicts between a manager's duties to owners and their own interests, as well as the separation of ownership and control of the business. Financial matters include, for example, the accuracy of reported financial documents. Ethical issues can arise between managers and employees, with employees being asked to perform tasks that they consider unethical. Consumer and marketing problems are related to providing desired safe products at a frightening price and without harming people and the environment. Accountants also face an ethical dilemma: they must deal with competing advertising commissions. All this places the accounting profession in a situation of ethical risk. Ethical issues are also classified as conflicts of interest, when a person must choose between their own interests and those of the company. Communications: False and misleading communications can destroy customer trust, for example, false advertising, hard selling, etc. The technology problem concerns both customers and organizations. Using many bus technology...... middle of paper ......d to deal with all these issues during a movie. He felt pressure from his father, who was a judge, had very high standards and was very concerned about his own career. He wanted to prove to his father that he is not a loser and that he can make him proud. Deep down he wasn't a bad person and then he found out what the escorts did to the clients, he had to choose between good and bad. Even though he loved working at the company and was good at what he did, he understood that he was destroying people's lives and their confidence. A positive thought came out of this scam: he then decided to return money to his client, even though it was illegal and ethical. Different people have different views on what is ethical and what is not in the business world. The absence of rules and the simple application of existing rules creates opportunities for..