Campbellsville Wells Fargo Case Study

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Please give answers for 3-questions and please provide separate answers for each question

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1.prepare 2-3 pages and complete the questions at the end of the case study. Click here https://www.scu.edu/ethics/focus-areas/business-ethics/resources/wells-fargo-banking-scandal/

2. prepare 2-3 pagesand Each student will select one of the key terms presented in the module and conduct a search of Campbellsville University’s online Library resources to find 1 recent peer-reviewed academic journal article (within the past 3 years) that closely relate to the concept. 

3. Using the MLB steroids case as an example (research an article on this topic in CU library), explain how unethical choices by some players harms players who comply with the rules. 

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1.prepare 2-3 pages and complete the questions at the end of the case study. Click here https://www.scu.edu/ethics/focus-areas/businessethics/resources/wells-fargo-banking-scandal/ 2. prepare 2-3 pagesand Each student will select one of the key terms presented in the module and conduct a search of Campbellsville University’s online Library resources to find 1 recent peer-reviewed academic journal article (within the past 3 years) that closely relate to the concept. 3. Using the MLB steroids case as an example (research an article on this topic in CU library), explain how unethical choices by some players harms players who comply with the rules. ...
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CristinaP
School: UCLA

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Running head: CASE QUESTIONS AND ANSWERS

Case Questions and Answers
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Institution Affiliation

Case Questions and Answers
Question 1

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CASE QUESTIONS AND ANSWERS

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1. Wells Fargo Case Study
a. What should business leaders take away from this scandal?
Solid leadership is pivotal to the success of every organization. Leaders are in a better
position to overlook the ongoing of any business, thus acting as pillars of the organization.
Notably, in 2016, Wells Fargo was alleged of paying $185 million as fine for over 2 million
accounts created without the consent of its holders (Verschoor, 2016). As a result, it attributed to
the resignation of its then CEO John Stumpf, and termination of over 5000 employees
(Verschoor, 2016). During the fallout, the company’s directors released a report on the internal
investigation which provided food for thought to many business leaders. Following the case of
Wells Fargo, the leaders can learn the following lessons to avoid unethical behavior in their
organization. First, they should make a possibly achieved and supporting performance. In the
instance of Wells Fargo, leadership was committed to a business model that relied on the annual
growth in the number of customer’s accounts. However, the firm could not realize that the
performance goals were not realistic. The leaders demanded the employees meet performance
target despite the infeasibility and lack of resources. As a result, it attributed to the employees
cheating by creating more accounts, credit cards, enrolling customers into online banking
without their consent to please the leaders into assuming that the goals were being met
(Verschoor, 2016).
Secondly, business leaders should seek out bad news. Various levels of leadership of
Wells Fargo were opposed to any negative information. Leaders at the division center of the
institution did not like hearing anything that was negative regarding the company, nor challenged
at all grounds (Verschoor, 2016). The leaders went ahead to push the workers at increasing the
sales; however, they did not w...

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Anonymous
Thanks, good work

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