My entrepreneurship class discusses different case studies that my professor has written. One case in particular we discussed dealt with the idea of ethics in the workplace. This has been a concept I’ve seen come up in many of my business classes this semester. The case followed two bankers who uncovered fraudulent activity involving their boss and head of the bank. The main question was if the men should report their employer and if so, how should they go about doing it?
Our class had a heated debate regarding business ethics and what the outcome of the case should have been. Overall we decided that regardless of the consequences the men might face, they had an ethical duty to report the fraudulent activity and could not compromise their integrity. It turns out the men went through with reporting their boss and were ultimately fired. However, the federal authorities were alerted and the boss and all of those involved in the fraudulent activity were arrested.
The moral of the story is that ethics are crucial to any business venture. Without ethics, the world of business would be completely unreliable. Business ethics preserve integrity and honesty and allow for successful and reliable business ventures.