Other
MAN400 Q&A ASSIGNMENT 2023
- Course
- Institution
MAN400 Q&A ASSIGNMENT 2023 PLEASE PARAPHRASE YOUR OWN WORK TO AVOID PLAGIARISM,
[Show more]
Seller
Follow
LoraTutoring
Reviews received
Content preview
QUESTION 1The signs of ethical collapse
Many successful businesses operated under a set of normative standards, expected behaviors and
guidelines that are generally accepted by society (Jennings, 2009). That is, businesses operated
under ethical principles that “consist of standards and norms for behaviors that are beyond laws and
legal rights” (Jennings, 2009). These ethical principles are reflected in an organization application of
trust, integrity, fairness and responsibility. In this essay we will be discussing the ethical collapse that
occurs when any organization has drifted from the basic principles of right and wrong.
One of the first signs of an ethical collapse is the pressure to meet the numbers where financial
reports give incorrect figures and reflect what the organisation wants the markets to see. For
instance referring to the given text “In 2017, the Steinhoff share price collapsed by more than 90%,
wiping out nearly R10 billion in shareholder value in about three days,” due to ” alleged massive
accounting fraud”. Secondly we witness Sycophantic executives and an iconic CEO from the given
case study when “the company’s CEO, Markus Jooste resigned after news that German prosecutors
were investigating the company for alleged massive accounting fraud.” This showed that the CEO was
given an iconic status in the media.
We observe weak board in the case study when “Behind all that was the CEO, Leon Kirkinis, who
believed too much in his own abilities, and a board that failed to exercise the necessary care and skill
in overseeing what he was doing.” This shows that the board of directors are too weak or
LORA TUTORING
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LoraTutoring. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.71. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82215 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now