Question: Please comment on this answer providing additional feedback information to help support the answer below. three of the most common ethical issues experienced in a
Please comment on this answer providing additional feedback information to help support the answer below.
three of the most common ethical issues experienced in a business and three multinational corporations where these ethical issues would have occurred.
When a moral dilemma arises at work, ethical issues must be addressed. In other words, it's a situation in which a moral standard is questioned. Individuals and businesses may be interested in these debates because their conduct may be called into question on ethical grounds. Individuals and organizations are both affected by these issues in their interpersonal and organizational relationships.
Social Media: Because of the growing use of social media, what employees do online has become a factor in their employment status. The ethics of terminating or penalizing employees for their online posts is a difficult one to answer (Babu, 2020). When an employee's online activity is deemed to be disloyal to their employer, however, a boundary is frequently established. This means that while a Facebook post complaining about employment may not be punishable on its own, it may be if it reduces business.
For Example A company by the name of Yelp International has fired an employee for blogging on social media about the company's poor working conditions.
Discrimination and Harassment: Inequality based on sex, color, creed, and income is frequent, and both employees and employers are affected. Discrimination is one of the most important ethical challenges facing the corporate sector in 2020. Many companies have been under scrutiny in recent months for not having a diverse workforce, which is sometimes due to discrimination (Friborg, 2017). Discrimination, on the other hand, can occur in firms of all sizes. It refers to any activity that causes an employee to be treated unfairly while Harassment is frequently linked to racism or sexism, it is another significant ethical challenge that businesses face (Yasmeen, 2020). Verbal abuse, sexual abuse, teasing, racial slurs, and bullying are all examples of this. Harassment can come from anyone in the organization, including customers. If a supervisor is aware of client harassment and does nothing to stop it, it is an ethical concern for the company.
For Example - Disney is one of the worldwide MNCs where this ethical dilemma has arisen. Employees filed a lawsuit alleging salary discrimination based on gender and age.
Accounting fraud: such as "cooking the books" and other fraudulent accounting techniques, is a severe problem, particularly in publicly traded companies. Accounting Nickolas, (2019) accounting fraud is the deliberate falsification of financial accounts to give the impression of a company's financial health. It also involves an employee, accountant, or the company itself deceiving investors and shareholders. Overstating revenue, failing to report expenses, and misstating assets and liabilities are all ways for a corporation to falsify its financial statements.
For Example According to Nickolas, (2019). In 2001, American oil giant Enron, an American energy company was exposed for years of falsely presenting its financial accounts, with its accounting firm Arthur Andersen signing off on the statements even though they were incorrect, is a prominent example of this example. This led to the reduce and affect stockholder because of the misrepresentation, and public shareholders lost nearly $25 billion because of the ethics infraction
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