Question
Based on the Scandal that happened at the Japanese Company called Olympus, explain your approach to the following using business ethics principals, concepts and theories:
Based on the Scandal that happened at the Japanese Company called Olympus, explain your approach to the following using business ethics principals, concepts and theories:
1. If Olympus is found guilty, will the fine of $17.3 million be enough? Why or why not?
2. Ethics hotlines can be an effective resource for identifying unethical actions in a company. Why, in your opinion, did Olympus allow the hotline to be run internally?
3. Japanese culture seems to play a large role in this case. Explain the concept of due diligence and how it differs in American culture.
4. What stakeholders are affected in this case, other than the shareholders?
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Understanding Business Ethics
Authors: Peter A. Stanwick, Sarah D. Stanwick
3rd Edition
1506303234, 9781506303239
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