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THE ETHICS BEHIND WELLS FARGO Katheryn Hinton Northcentral University Our discussions ◦ Today we will discuss the following: ◦ Provide a brief historical summary of Wells Fargo ◦ I will Identify and explain the unethical business practice examined. ◦ We will Reflect on ethical standards and why this practice was a violation of ethical behavior. ◦ We will Determine the influence of leadership regarding this behavior. ◦ I will Explain any related cultural, environmental, and legal implications related to the behavior. ◦ I will Interpret the impact of the behavior on individuals, the organization, and society as a whole. ◦ I will Explain the outcome of the event or events, along with a comparison of the consequences ◦ I will Determine the fairness of punishment. ◦ I will lastly Explain how the organizational policies and procedures could be implemented to deter future occurrences like this from happening. What is Business Ethics ◦ Ethical decision making ◦ The decision depends on the business and the culture ◦ what makes the organization's profitability and success ◦ It can be directly linked to the company that: ◦ 1st establishes the mission ◦ 2nd make sure that the business is fulfilled and established the task. This Photo by Unknown Author is licensed under CC BY-SA Different Ethical Business Practices ◦ there are many different takes on leadership ◦ There are different leadership styles ◦ Ethical and moral standings of administra ...
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