Business Ethics Issues in the Movie Boiler Room Essay -- business ethi

Business ethics issues in the movie â€Å"Boiler room† Business comprises principles and standards that guide behavior in the world of business. Stakeholders-investors, customers, interest groups, employees, the legal system, and the community often determine whether a specific behavior is right or wrong, ethical or unethical. Judgments of these groups influence society’s acceptance or rejection of a business and it’s activities. Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal responsibility-laws that business must obey, ethical responsibilities-behaviors and activities that are expected of business by society, but are not codified in the law, philanthropic responsibilities-represent the company’s desire to give back to society (charietys, volunteering, sponsoring). Ethical issues in business arise because of conflicts between an individuals personal moral philosophies and values and values or attitudes of organization in which a person works and a society in which one lives. Ethical issues can be identified in terms of the major participants and functions of business. Ethical issues related to ownership include conflicts between manager’s duties to the owners and their own interests, also separation of ownership and control of business. Financial issue includes, for example, the accuracy of reported financial documents. Ethical issues can acquire between manages and employees, then employees are asked to carry out assignments they consider unethical. Consumers and marketing issues are related to providing safe desired products for a fear price and not harming people and an environment. Accountants also face ethical dilemma, they have to deal with competition advertising commission. All of this places the accounting profession in situatio n of ethical risk. Ethical issues are also classified, as conflict of interest-when person has to choose between his own interests and company’s interests. Communications-false and misleading communications can destroy costumer’s trust, for example, false advertisement, hard sell etc. Technology issue refers to both costumers and organizations. Using technology many bus... ...d to deal with all those issues during a movie. He felt a pressure from his father, who was a judge, had very high standards, and was very concerned about his own carrier. He wanted to prove to his father, that he is not a looser and that he can make him proud. Deep inside he wasn’t a bad person and then he found out what accompany is doing to costumers he had to choose between right and wrong. Although, he enjoyed working in the firm and was good at what he did, he understood that he is destroying people’s lives and their trust. One positive think came out from this scam that was then he decided to return money to his costumer, although, it was illegal it was ethical. Different people have different views of what’s ethical, and what’s not in business world. Lack of rules and pure enforcement of rules that exist create opportunities for unethical behavior. I think, one has to decide for themselves what is ethical and what is not. An activity approved of by most members of an organization and customary in the industry is probably ethical, but it could be unethical to one or few individuals, because everybody has their own ideas and beliefs about what’s ethical and what’s not.