They tend to expect the worst in life and from others. Also, they have poor behavior in dealing with the people around them. When you are a pessimist you think that events that happens in your life such as failures are beyond your control when in fact you could have done something to avoid such bad event but you insisted that you cannot do anything
During watching the Profit show, I noted that Marcus Lemonis depends on three keys people, product, and process. He asserts that any business will collapse if it lost one of these keys. Lemonis shows a passion for what he does, so this is the basis of his success. His interactions with small-business owners from the unpredictable to the outrageous, as not everyone is comfortable taking advice that may conflict with how they currently run their companies.
It is observed by researches and analysts that unethical business and accounting decision has took place in Enron Company especially CFO Jeffrey Skilling and CEO Ken Lay who played major roles in this scandal. Enron involved in business risks like fraud and the company failure happened when it entered into conservative transactions. The problem Enron faced was that they treated their loans as revenues yet it is not shown in the balance sheet, in other words, Enron did not treat them as current liabilities such as accounts payable so they did not show their creditors as liabilities, which had mislead their customers and investors. Because the company had taken the help from others in hiding a large amount of company debt (partnerships with various enterprises), it shows that unethical actions had been carry out. For example, Enron did
Rampton presented both opinions about procrastination and why we procrastinate supporting that it is not bad. Although the author tries to states some convincing facts about procrastination but he stated many false assumptions, week evidence and logical fallacies which weaken his article. The writer used many convincing and logical sentence in his article. When he stated that from the negative effects of passive procrastination is stress, anxiety and not doing your task in your full ability with disorganization.
So I am going to focus on what I can control. If a proactive person owns a business where he sells a product, instead focusing on "how people these days don 't appreciate good products anymore, and how the government has horrible regulations". He focuses on "how can improve my product, so my customers can 't live without it". Do you realize how much responsibility, how much dedication, how much hard work comes along with asking that questions. And why do you think our effort-minimizing brain is going to pick as default.
I would assess the PEO as being pretty ethical because he tries to undo some of the damages that were made by the salesperson by reexamining the contract. I would look at the salesperson as dishonest and although it was a rough estimate it was his job to correct the information once David provided him with the updates on the purchase of the new business. The salesperson was only looking out for himself and could have ruined the reputation of the whole company. If I was a member of the printing community I would be cautious with the PEO because it would appear that some of their sales people do not uphold the company values of providing high-quality service and supporting minority
It accounts a person morale, motivation and reputation when rating an unusual and irregular behavior that is considered unethical. Following Walmart’s bribery scandal, it is immoral. This is due to the fact that bribe taking and giving is not done by a virtuous person; instead, bribery is seen as an act of an individual who has a deficiency of moral values (German, n.d). As Walmart receives numerous complaints of bribery every year, the company should integrate this ethical theory in their people and system. As a conclusion, this will change their people towards bribes, leading them to restrain from more corruption and bribery
What happens is that they will end up wasting precious time that could have been spent on something else. On the opposite end, the deficiency of perseverance is irresolution. In this deficiency, a person does not complete a project because he/she ends up giving up too easily. There must have been obstacles they
Students may undermine what someone has to say because they have no experience to prove what they are saying. Ex-Cons have experience in the business world. They have made mistakes by being unethical. Therefore, they can tell college students firsthand about what not to do when they are working and recommend positive solutions when faced in difficult situations. They can use their experience to show and paint a picture in college students minds that if they do not do what is right at all times they can face prison time just as they have.
These gross violations enabled Madoff to avoid opportunity costs (Creswell & Thomas, 2009). Because of this, his firm fronted taxes, which were derived from fictitious profits. When he set up the business, Madoff honestly operated his company as required. This happened until the 1990s when he opted for the easier route of fabricating his company’s returns by hatching a scheme. During the early days of the scheme, Madoff managed to convince anyone who would be suspicious about his profits by claiming that they were within the market levels.
Unethical business practices can impact customer satisfaction and commitment. Ignoring unhappy customers is not a good practice for business. Consumer satisfaction can affect the reputation of the company and its products. This is significant because consumers use word of mouth referrals to get information out about a business, whether it is good or bad. If a business receives a complaint about a product, the business should respond immediately and try to find a solution for the consumer as soon as possible.
It is no surprise that many people fear going into business, or view business as evil in itself. (Grudem, W. p.82) There is nothing evil with business. It is sinful men and women who work in the business that causes the unethical behaviors. God says, “What shall it profit a man to gain the whole world, then lose his own soul?”
Rationalization is the defense mechanism Hanks uses to justify his behavior, the advertising firm hank worked for asked him to meet with a client, and this was something his boss would do from time to time when no one else was available. This made Hank feel good about himself knowing someone needed his assistance, although it was a disaster, Hank couldn’t figure out why this client filed a complaint against him. His boss was very upset, hank could not figure out why. Hank tires to rationalize his behavior this is when we do something that the super ego disapproves, and then the ego finds a way to defend itself by justifying our actions to make it acceptable.
Also, we have police officers to be in charge of taking down the criminal. People try to defend themselves for the reason of their crime. A post I’ve seen on Facebook that’s a meme of Bernie Sanders and it says “When you see Wal-Mart getting robbed, but then you remember they robbed the middle class.” and he just doesn’t do anything about. Wal-Mart has made their fortune by good business strategies but workers would complain that they don’t get enough money and they don’t care about their workers since they don’t get benefits.
The Foreign Corrupt Practices Act of 1977 has been effective in finding corrupt companies and penalizing them for their wrongdoings. It worked best during the first years it was implemented because that was when bribery was occurring the most. However, it has not been effective in stopping questionable actions made by businesses internationally (Barone &Kim, 1981, p.4). I agree with this idea because if we look at statistics over the years, more companies have been found guilty of violating the FCPA now. This is partially due to the fact that companies are using the law’s vague words to defend their actions.