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The Effectiveness of Business Ethics in Education and Today’s Workplace

In: Business and Management

Submitted By phertzberg
Words 2518
Pages 11
The Effectiveness of Business Ethics in Education and Today’s Workplace

October 13th, 2012

What do Bernard Madoff, Kenneth Lay and Rob Blagojevich all have in common? They all operated with no apparent ethical behavior even though each had received educational backgrounds in which ethical business practices were taught. As L. Zingales states, “While every firm can have its bad apples, when these apples are at the top, it suggests that a company has either a corrupt culture or a defective selection process, or both.” (Zingales, Jul 16, 2012). In Madoffs case, the Ponzi scheme had been going on since the early 1990’s (Morrissey, Aug 11, 2009). Under the direction of Kenneth Lay, Enron- once one of the largest companies in America- collapsed in bankruptcy and ruined the lives of thousands of people (McLean & Elkind, May 18, 2006). The Chicago Tribune reported that the Illinois House of Representatives was sending to the Illinois Senate a “13 point article of impeachment-a political form of indictment-alleging Blagojevich has abused the power if his office” (Pearson & Long, Jan 9, 2009).
The purpose of this paper is to gauge the Effectiveness of Business Ethics in Education and Today’s Workplace. As business students they graduate from the university setting and enter the business environment they study the ethics in their workplace culture and often find that educational ethics training does not have any value in the work world. “Studies have shown that workers who espouse action on the basis of ethics are often derided as hypercritical prudes or cloying moralists” (Moberg, 2006. pg. 307). This paper will explore the topic of business ethics by the use of critical review of professional and scholarly journal articles, as well as online sources to examine whether this hypothesis is true or not.

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