The Effects of Proper and Improper Business Ethics

With recent economic turmoil, ethical business practices have been thrown into the spotlight as a vital area with which companies need to improve on. Proper business ethics are vital for economic growth and progress as well as facilitating a productive and morally correct society. The United States has recently suffered large economic declines, the most significant of which occurred in 2001 and 2008. As the questions are asked and some answers given, the picture of big business not caring about the middle class individual is painted for the American people. Everyone has a finger to point, and many of these are aimed towards these large companies. With the blame falling on various financial institutions, people begin to dig deeper to†¦show more content†¦The public malicious behavior of these individuals and corporations has gone further than dollar values and jobs lost; it has created a lack of moral fiber throughout our society. If someone takes away the entire saving s of any given 48 year old individual, that person is going to have nothing but hate in their mind towards the fat cats that condoned this behavior. They now will not be able to retire when originally planned, and their finances that they have worked so hard for have now been ruined. It is my belief that if this affected individual has the opportunity to get involved in unethical actions to yield a financial gain for them, they will take the opportunity. If a big name company produces these thousands of affected, bitter individuals, we will now have thousands more ethically questionable individuals as members of our society. â€Å"The crisis of poor ethics in corporate America has jeopardized public trust, caused an erosion of organizational cultures, created human suffering, caused unemployment, and profit losses† (Poor Ethics in Organizations). 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