Essays on Exploring Ethics in Contemporary Business Assignment

Download full paperFile format: .doc, available for editing

The paper "Exploring Ethics in Contemporary Business " is a perfect example of a business assignment.   Ethics indicates the moral principles that an individual incorporates in his behavioural activities. Business ethics is the application of ethical principles and practices into business management. In contemporary business, incorporating business ethics in the business policies and practices are most important in order to control controversial issues such as corporate governance, bribery and insider trading (Vilcox and Mohan, 2007). However, increasing employment of all such practices in contemporary business has forced multiple companies to forget the business ethics they should integrate into their business activities and consequently, all such companies are experiencing severe business crashes (Koslowski, 2000).

Companies like Monsanto Co. , Halliburton Oil and Gas Co. , Chevron Co. etc are ranked in the list of the least ethical index in the world. In order to understand how the failure of corporate ethics may lead a company towards destruction, the case of Lehman Brothers will be analysed in this paper. Lehman Brothers Holdings Inc. was the fourth-largest US-based global financial services firm that had collapsed in 2008, mainly due to excessive risk-taking behaviour and unethical business practices (Addo, 2010).

Therefore, how negligence and elimination of ethical rules in the business process of Lehman Brothers caused the company to be bankrupt and collapse will be critically analysed. For the purpose of analysis, a conceptual map will be drawn and accordingly the research questions will be answered. Discussion The bankruptcy and collapse of Lehman Brothers, one of the largest investment banking and treasury securities trading firm, played a major role in unfolding the economic downturn in 2008.

In order to evaluate the research questions relating to the ethical ground of such collapse of Lehman Brothers, designing a concept map is important (Schapiro, 2010). Concept mapping leads to identify the ideas or concepts and accordingly prepare a diagram that shows the coherent relationship between the ideas and theoretical approaches. Considering the conceptual map for ethical issues of Lehman Brothers, the following diagram can be drawn.



Addo, A. H., 2010. The 2008 Financial Crisis: The Death of an Ideology. Pittsburgh: Dorrance Publishing.

Aluchna, M., 2014. The Corporate Declaration Versus Corporate Practice: The Financial Crisis Perspective. Corporate Social Responsibility in the Global Business World, 2(1), pp. 115-133.

Cowton, C. J., 2004. Managing financial performance at an ethical investment fund. Accounting, Auditing & Accountability Journal, 17(2), pp. 249-275.

EIRIS, 2009. Does Ethical Investment Pay? [PDf] Available at: <> [Accessed 17 February 2015].

Fleming, M. and Sarkar, A., 2014. The Failure Resolution of Lehman Brothers. Federal Reserve Bank of New York, 2(1), pp. 2-18.

Filek, J., 2012. The Role of Universities in Shaping Social Attitudes of Future Managers. Management and Business Administration, 2(3), pp. 26–41.

Koslowski, P., 2000. Contemporary Economic Ethics and Business Ethics. Berlin: Springer Science & Business Media.

Kwaku, J. and Mawutor, M., 2014. The Failure of Lehman Brothers: Causes, Preventive Measures and Recommendations. Research Journal of Finance and Accounting, 5(4), pp. 85-89.

Navran, F. and Pittman, E. L., 2003. Corporate Ethics and Sarbanes-Oxley. New York: Wall Street Lawyer.

Presley, T. and Jones, B., 2014. Lehman Brothers: The Case Against Self-Regulation. Journal of Leadership, Accountability and Ethics, 11(2), pp. 11-22.

Ruthford, C., 2006. Why Measure Ethical Effectiveness. New York: Wall Street Lawyer.

Schapiro, M. L., 2010. Lehman Brothers Examiner's Report: Congressional Testimony. Darby: DIANE Publishing.

Stevens, B. and Buechler, S., 2013. An Analysis of the Lehman Brothers Code of Ethics and the Role It Played in the Firm. Journal of Leadership, Accountability and Ethics, 10(1), pp. 43-54.

The Ann Arbor News, 2012. 4 ethical lessons of Lehman Brothers' collapse from bankruptcy examiner. [Online] Available at: [Accessed 17 February 2015].

Vilcox, M. W. and Mohan, T. O., 2007. Contemporary Issues in Business Ethics. New York: Nova Publishers.

Download full paperFile format: .doc, available for editing
Contact Us