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Need three replies to discussion boards, each one needs to be 2 paragraphs long with an in-text citation and each needs to have an open-ended question at the end. Please add reference at the end of each one separately, please do not add a cover page: Question #1-Reply to Patrice Original question: What connections would you make between the American approach to business education and the scale of ethical scandals in the US? Are we doing a good/bad job of educating our future business leaders? Please reply to Patrice: During the 1960’s, U.S. colleges did not focus on ethical behavior in business ethics until such events occurred, “the Electrical scandal in 1960; social legislation start in 1964; and Watergate in 1972” (Abend, 2013 p. 175). The United States did not view business ethics until the early part of 1970 (De George, 2018). Business ethics was viewed as a development academic field in research, publication, and as a movement within a business project (Abend, 2013). During the twentieth century, the year business schools elevated within the United States, not much was expanded with their curriculum on business ethics (Abend, 2013). Diehart and Curnutt (1998) Business Ethics reference handbook mention that most information discussed in the 1960’s was on business humanity projects (Abend, 2013). According to the article, “The origins of Business Ethics in American Universities, 1902-1936”, the University of California and Yale, lectures were focused on the subject of business ethics rather than ethical behavior of the business (Abend, 2013). The Wharton School of Finance and Economy and its faculty were involve in social reform and political issues which was a preparation for the foundation of business ethics. I think American universities should use past history and present knowledge of business ethics to educate and help students understand the reasons of businessethics importance to society, economy and everyday life. I would say yes, universities have well educated business leaders based off of past history. Today, based on the world of new technology, universities have a lot of work to do to prepare business leaders with business scandals. Reference: Abend, G. (2013). The origins of business ethics in American universities, 1902-1936. Business Ethics Quarterly 23(2). Diehart, J.W., Curnutrt, J. (1998). Business Ethics: A reference handbook. Santa Barbara: ABC-CLIO. Question #2 Here is the Original question: How do you explain the US’s ‘short term memory’ when it comes to ethical practices? What is it in our culture that creates this continuous cycle of scandals -public admonishment-correction in which history tends to repeat itself. Please research this and then share your ideas and findings with your colleagues. Please Reply to Heather The US’s ‘short term memory’ when it comes to ethical practices can be explained almost by “forgive and forget” or “moving on” after a negative experience is required to function normally again. While some scandals and exposures are still taught as part of history, like Enron, for example, and Presidents exposed after alleged affairs, once new story hits the headlines, the previous scandal is forgotten and the country moves on to the new scandal. Some of the thoughts as to what it is in our culture that creates this continuous cycle of scandals is that “Americans possess unrealistically high expectations” (Basinger & Rottinghaus, 2012, p. 214), when it comes to how they view the President, for example. When Americans think of their President, they don’t think of them as a human being, that is susceptible to the same accusations and embarrassments for previous behaviors as any other human. Even celebrities are looked at the same. When Demi Levato overdosed, she wasn’t looked at as a role model for young girls anymore, despite her open admission of attending rehab and struggling. When a young teen from Southington overdoses, it is an epidemic that needs change. Why is a celebrity deemed a failure, but a regular citizen in the same position, is supported and expressions of help, love and hope given to help them beat their addiction? It happens far too often, that people forget, publicly exposed individuals are human beings too. When they are looked up to, it is disappointing to hear they are an addict, for example, if they are prominent in the young adult world. That does not mean they should be insulted, and not offered the same help as a regular citizen out of the public view, should be treated. The same goes for the President. How is the President any worse than another individual that had an office affair, for example? Unrealistic expectations are one of the primary reasons that history continues to repeat itself. Also, as cliche as it might sound, doing something over and over again and expecting a different result is insanity, but that is what America is doing. One of the most well known affairs that has been publicized is that of Bill Clinton. It affected his personal life, and his career. “When everything came to light with Clinton, he ended up getting articles of impeachment filed against him, not due to the affair, but due to the cover up. “When everything came to light with Clinton, he ended up getting articles of impeachment filed against him, not due to the affair, but due to the cover up” (Jones, 2018). Would a manager lose their job over an affair with an employee? They might be forced to change departments, but being let go? Highly unlikely, unless there is a policy against work romance. Personally, I work with 2 married individuals, that met here at work. There is a policy about working under the supervision of a relative, but you can certainly work in the same building as your spouse, sister, aunt etc. My manager is my best friend. She didn’t start out my manager, but with changes in staffing, it ended up happening. You have to be professional enough to keep your work life professional if you want your relationships to work, and it is not easy, by any means. Many of my colleagues agree that the issues stem from high expectations, and the public experiences a great deal of disappointment when an admired individual does something to disappoint them. “Watergate was a scandal involving political corruption, the two parts of the Iran-Contra scandal involved international violations, and Clinton’s impeachment involved lying under oath to cover up an inappropriate sexual relationship” (Basinger & Rottinghaus, 2012, p. 225). References: Basinger, S., & Rottinghaus, B. (2012). Skeletons in the white house closet: A discussion of modern presidential scandals. Political Science Quarterly, 127(2), 213. Retrieved from http://depts.washington.edu/uwiser/scandals.pdf (Links to an external site.)Links to an external site. Jones, Jason. “COLUMN: Mueller Repeating Errors of Past with Daniels Scandal.” University Wire, Apr 18 2018, ProQuest. Web. 21 Nov. 2018. Question #3 Here is the original question: Your goal this week is to consider the value that your project work will bring to the firm. Your readings and the video for the week suggest ways in which compliance, adherence to the legal system, and ethical initiatives create value for firms. If we define ‘value’ as something that either decreases firm net costs or increases the ability of the firm to generate net revenue from customers/clients, what is one way in which your project creating value? Please give a brief overview of the project you are working on to your peers before answering the question. Once you have made your initial post, please review your peers’ posts and suggest additional ways in which their projects are creating value. Need a reply to: Loreny Bringing value to a firm does not necessarily mean increasing net cost or net revenue, it can also mean impacting the customers that it services. For instance, making sure that the work that the company is doing is going to impact the world in any way. In our multimedia video for this week, Harish Manwani expresses the importance of how a firm’s work impacts social change (Manwani, H., 2013, October). My project involves seeking capital to start a new investment services company. The investors that I will be approaching are looking to mitigate risk and have asked me present to them an ethics and compliance plan. Starting a new company in the investment industry can bring upon many risks but build an effective job culture. Companies that are part of the compliance pathway realize that laws are unwelcome but still mandatory to follow with their activities (Bird, R. & Orozco, D., 2014). Some managers see compliance as something that needs to be minimized, which bring executives to engage in noncompliance activities knowing the consequences and cost they will eventually encounter (Bird, R. & Orozco, D., 2014). One way that my project can create value, defined as something that would increase the ability of the firm to generate net revenue from customers/clients, is by emphasizing the importance of compliance and ethics in a long-term perspective. Even though it may seem like the activities or projects the firm may want to achieve could run in to issues with the law, it is important to make a long-term decision instead of short-term. When many make short-term decisions and eventually build up, it takes a toll on the company and they can experience a significant loss. Law and regulations are consistently changing and if the firm stays behind it can cause them lawsuits. When confronted with lawsuits it affects their reputation and the loss of clients/customers comes to affect. Therefore, my project will be able to put this into perspective and help them understand that long-term effects. Bird, R. & Orozco, D. (2014). Finding the right corporate legal strategy. MIT Sloan Management Review. Vol. 56, No. 1. PP. 81-89. Manwani, H. (2013, October). Profit’s not always the point. Retrieved from https://www.ted.com/talks/harish_manwani_profit_s_…
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