Ethical Mistakes Of The 2008 Financial Crisis Essay

Ethical mistakes that led to the 2008 financial crisis In my opinion, most people failed to act appropriately during the financial crisis of 2008. One is the oversight of businesses. The oversight in place failed to do their job properly and succumbed to temptation. When issues arose individuals took one of three paths. They engaged in the unethical behavior, did nothing, or said something and never continued with follow through to ensure some action was taken. As mentioned in the lecture material, individuals engaged in â€Å"willful blindness† (Potchen, 2016). I think a lot of individuals feel that if they turn a blind eye or go along with it because everyone is, that they are covered if something occurs. The reasons these individuals act the way they do in my opinion is greed. In my opinion, money, wealth, and power roll up into greed, which, tops the list. When these people make the decisions to act unethically, it is because they are gaining something or getting some sort of fulfillment. I strongly believe that individuals do not want to start out being unethical and they have every intention to do the right thing. When they are in business school and hear all the horror stories, I feel that tell themselves that they will never engage in that type of behavior. However, when they see what the money can buy or what type of lavish lifestyle they can have, they quickly change their minds. I think another reason we as individuals engage in this type of behavior is because weShow MoreRelatedRanking the Key Principles of Corporate Governance1579 Words   |  7 Pagesphilosophy applied in this essay is based on analysis of the results of international investigations into the underlying causes of the 2008 global financial crisis (GFC). Stakeholder reactions to and perceptions about the standards of corporate governance in the lead up to the global financial crisis are also taken into account. In light of the global financial crisis, this essay proposes that the corporate governance principles be ranked based on four critical threads: risk management; board andRead MoreSustainability Report of BP1447 Words   |  6 Pagescompliance. This is particularly important in industries that can cause systemic damage to both the society and the environment. Oil companies are no different in this regard. A drilling mistake can have catastrophic consequences for all stakeholders involved, as evidenced by the case. Ultimately, executives should put ethical and social considerations first as it will directly influence profits. By doing what is best for the customer, the business will eventually profit. Many of the socially responsibleRead MoreEthical Leadership : Warren Buffett1567 Words   |  7 PagesEthical Leader Warren Buffett is an Ethical Leader because he was able to use the Three P’s (Principle, Purpose, and People) as his guiding ethical principles for running the day to day operations of the company. According to the Ethical Leadership student guide, the Three P’s are a guide for the way we should think; principle for integrity and telling the truth, purpose for developing a sustained passion for accomplishing the mission, and people referring to each member working together as a teamRead MoreLehman Brothers : The Third Largest Global Investment Bank Essay1694 Words   |  7 PagesLehman Brothers, based in New York City, was the fourth largest global investment bank until 2008. They provided financial investment services, banking, and management around the globe. Prior to its defunct, its management consisted of: Chief Executive Officer, Richard (Dick) S. 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However, each situation is different and some times laws and ethics intertwined, and laws could cause people to act in unethical ways. Ethics could be defined as moral principles that guide an individual’s behavior. Ethics could be influenced by the person who is seeing it and by the culture in where the situation is taking place (McKay, Nitsch Peters). A major guideline that could be used to evaluate if a situation is ethical is to determine ifRead MoreWhy Did the American Banking System Fail2387 Words   |  10 Pagesimpact of the financial crisis, the following paragraph gives a general overview about the timeline of the financial crisis and the series of reactions which caused, at the end, the failure of the American banking system and led to a worldwide economic downturn with the result of the global economic crisis. The topic of this paper is the failure of the American banking system, but as the ba nking systems of the whole world are interdependent, the whole situation and the whole crisis has to be investigatedRead MoreWith The Rise Of Globalization And The Complex Dynamics1624 Words   |  7 Pageslarge ethical issues on a daily basis. The ramifications for an organization that does not handle an ethical scenario efficiently and effectively could put the entire company and organization at dire risk. Organizations put their company brand and identity on the line with their everyday decisions and how they choose to operate themselves and their business. Many companies will do anything to keep their image or faà §ade in good graces with the public and try to cover up or hide the mistakes withRead MoreLehman Brothers1021 Words   |  5 PagesLehman Brothers financial services filed bankruptcy on September 15, 2008, in the New York Southern District U.S. Bankruptcy Court. 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The Salem Witch Trials - a Research Paper - 1993 Words

iWhy do you hurt these children?brI do not hurt them. I scorn it.brHave you made no contract with the devil? brNo!/ibrbrMr. John Hathorn, a Judge involved in the witchcraft case of Sarah Good, then asked all of the afflicted children to look upon her and see if this was the person that had hurt them so. They all gazed at Goody Good and said that this was the person that tormented themÂâ€"presently they were all tormented.brbrPuritanical beliefs had all of Salem truly believing that witches rode on broomsticks across the sky every night alongside the devil himself. They believed that these mere humans could send their specter out and haunt the children of their town. Proof of their belief follows, in an excerpt from Cotton†¦show more content†¦Betty, Samuels daughter, thought she had become afflicted from the wrath of a witch so she made Tituba help her in preparing a witchcake which was simply rye and Bettys urine. This cake was then fed to a dog in hopes of learning the id entity of the person tormenting Betty. Sooner or later, Samuel got wind of the use of witchcraft in his household and became enraged. He beat Tituba until she confessed that she indeed was a slave and was teaching Betty her ways.brbrTituba was the first to confess for one reason: to avoid further punishment. By admitting her guilt, Tituba could then name other witches, Sarah Good and Sarah Osborne, and come away from Salem with her neck intact. She spent thirteen more months in prison until an anonymous person paid her bail and bought her. There has been no record of her existence since.brbrbCotton Mather/bbrA religious leader of New England and authentic follower of witchcraft, Cotton Mather led the army of righteous judges to convict dozens of innocent people of something they only read about. It seemed extremely convenient that three of the five judges on the court of oyer (to hear) and terminer (to decide) were Cottons friends. He wrote letters telling how evidence should be wei ghed and basically ran the trials from his own home.brbrbGiles Cory/bbrOf the witches accused in Salem, Giles Cory is the only one to refuse to stand trial. Unfortunately, this determination cost him his life. OfShow MoreRelatedSalem Witch Trials Research Paper1340 Words   |  6 Pages(Gurteen). The Salem witch trials began in the Spring of 1692 in Salem Village, Massachusetts. A group of young girls, who claimed to be possessed by the devil, began accusing a few women of witchcraft, which caused hysteria among the people in the Massachusetts Bay Colony. Approximately 150 people were convicted of practicing witchcraft, 19 were hanged at Gallows Hill, and others died in captivity (â€Å"Salem Witch Trials†). These tragic events lead to the convictions of many innocent people in Salem VillageRead MoreThe Salem Witch Trials, Mccarthyism, And Today s Events With Isis860 Words   |  4 Pagesalways a group being persecuted is because nobody wants to be a part of the victimized group. The Salem Witch Trials, McCarthyism, and today’s events with ISIS are all similar because in all of these situations, people live in a state of fear and suspision. During the Salem Witch Trials, Francis Nurse started a petition to prove the innocence of his wife and other women. In court, Procter handed the paper to the judge and said, â€Å"Will you read this first, sir? It’s a sort of testament. The people signingRead MoreThe Salem Witch Trials of 1692941 Words   |  4 PagesA. Plan of the investigation The Salem Witch Trials of 1692 were a dark and very crucial time in American history. The late sixteen hundreds consisted of relying on young girls for the truth; but to what extent did the puritan’s religion and culture have in the proceedings of the Salem Witch Trials? A focus on the religion that the puritans believed in and their culture will be discussed. Also, how their faith turned them against those who were accused of witchcraft. It is also neededRead MoreEssay on Did Religion Impact American History?561 Words   |  3 Pagesincluding politics, people and weather. Politics and people are widely impacted by religion. Religion is the primary cause of most wars in countries across the world. Many historians believe America was formed on the basis of religion. In this research paper, I will illustrate the impact religion had on American History to 1877. Specifically, it will examine: 1) Major events impacting traditional religious beliefs in America, 2 ) Religious disputes which impacted land development, and 3) The impactRead MoreWitchcraft And The Puritan Culture985 Words   |  4 PagesTituba is rarely at the center of attention when the Salem Witch trials come into discussion. In fact, the only time she seems to ever be mentioned is to state that she is the link between witchcraft and the adolescent girls of Salem (Breslaw. Xx). Witchcraft is defined, by Webster’s dictionary, as the â€Å"magical things that are done by witches: the use of magical powers obtained especially from evil spirits†. Although words are known to change throughout the years, witchcraft, for the most partRead MoreThe Salem Witch Trials : A Day By Day Chronicle Of A Community Under Siege Essay1671 Words   |  7 PagesThe book I have chosen to write about is â€Å"The Salem Witch Trials: A Day by Day Chronicle of a Community Under Siege† written by Marilynne K. Roach and published in 2002. Marilynne K. Roach is the president of the Historical Society of Watertown and a member of the Watertown Historical Commission board, she also is an active board member and a curator of the Salem Witch Museum. She has multiple books that have been published about the Salem and the trials that occurred in the late 17th and early 18thRead MoreAnalysis Of Arthur Miller s The Crucible 961 Words   |  4 Pages Movie paper analysis of The crucible The circumstance brought upon a person can change them greatly. The Crucible edited and rewritten by Arthur Miller, is a movie which takes place in Salem, Massachusetts in 1692. The leading actors are Daniel Day-Lewis as Proctor, Winona Ryder as Abigail, Paul Scofield as Judge Danforth, Joan Allen as Elizabeth, Bruce Davison as Parris, and Rob Campbell as Hale. It was directed by Nicholas Hytner and was Based on the witch hunt which surrounded MassachusettsRead MoreSocial Factors Of The Salem Witch Trials1439 Words   |  6 PagesSalem, Massachusetts, known for its history of witchcraft in the seventeenth century. The accusation of witchcraft lead to the Salem witch trials; A series of trials which examined the people whom were accused of witchcraft. Men and women of the Massachusetts Bay colony were being accused of witchcraft, multiple factors played a role in this event. This paper will discuss factors that lead people to being accused of being witches; Including, the behav iors and social situations of the accused, politicalRead MoreImpact of Religion on American History to 1877934 Words   |  4 Pagesincluding politics, people and weather. Politics and people are widely impacted by religion. Religion is the primary cause of most wars in countries across the world. Many historians believe America was formed on the basis of religion. In this research paper, I will illustrate the impact religion had on American History to 1877. Specifically, it will examine: 1) Major events impacting traditional religious beliefs in America, 2) Religious disputes which impacted land development, and 3) The impactRead MoreAccusation And Defense Of The Salem Witchcraft Trials1658 Words   |  7 PagesRESEARCH PAPER Accusation and defense in the Salem witchcraft trials Suraj Gamal History 1301-73001-73002 JOE L. MCCAMBRIDGE - HISTORY 1301-1302 One of the most infamous Trial in history took place on March 1, 1692. According, to the Library of Congress, Massachusetts authorities catechized Sarah Good, Sarah Osborne, and an Indian Slave, Tituba regarding their practice in witchcraft. The trial resulted in more than 150 men and women in and around Salem jailed on charges of practicing Witchcraft

Importance of Digital Communication-Free-Samples for Students

Question: Write a Literature Review for "Using Digital Communication for Non Profit Organizations". Answer: Literature Review Digital communication means transferring the information through digital mediums. Communication helps to interact with one another. It is one of the cheapest modes of communication. Through this medium information can be passed to receiver in short period of time. Digital communication method helps to save time and cost. The major benefit of digital communication is people can communicate easily from different places. Through digital mediums information can be generated, stored, transferred and organized easily. There are different parts of digital communication like internet, social media, emails and visual meetings. There are several advantages and limitations of digital communication. Some major benefits are speed, low cost, removal of distance barrier, influential, secure transmission through encryption-decryption and global reach. With the above mentioned benefits there are some limitations too. These drawbacks are information overload, no physical cues, less effective than verb al communication, requirement of internet and bandwidth. Earning profit is not the major purpose of nonprofit organization. The objectives of nonprofit organizations are of social nature. These organizations are mainly dedicated to solve social problems. They are generally service organizations. The major purposes of these organizations can be charitable, religious, education and welfare of the society. The revenue or the income generated from the operations of non-profit organization is used in noble work or for social welfare. Fundraising is also an important activity in non-profit organization, in NGOs and other nonprofit organizations fund comes from individual support and donations. These organizations get donations through social media sites, special events, direct mail appeal and newsletters. Digital communication plays significant role for management and controlling of non-profit organizational activities. Digital communication methods can provide help to nonprofit organizations to achieve goals (Guo Saxton, 2014). In non-profit organization digital communication helps in generation of innovative ideas that increase social visibility. Through digital mediums, performance of non-profit organizations can also be increased because it can help to gain social support. The nonprofit organizations like NGOs can increase the awareness among general public about any social issue through digital communication (Cho, Schweickart Haase, 2014). Social media communication is a part of digital communication where the messages are passed through social media platforms. Because of growing popularity of social platforms, social media users are increasing day by day. Some famous social networking sites like twitter, Facebook and Google+ work as major platforms for nonprofit organizations. The nonprofit organizations require interaction with people. Communication through digital mediums like television, telephone and internet help to narrowing the gap among people. Through social networks the single message can be transmitted to many persons at one time. Digital communication provides more advantages to non-profit organization than personal communication (Kim et al., 2014). Some nonprofit organizational websites use button like donate now, show your support, and join now to increase the interaction between donors and the organization. Many nonprofit organizations declare their future plans and activities by putting the notification on the website so that more and more persons can see the message. The digital communication medium helps to maintain the communication among organizational members also helps in measuring the outcomes immediately. The organizational members can collaborate in efficient manner through digital techniques. Digital communication method helps to establish multi way interaction with people, which is beneficial for non-profit organizations (Goldkind, 2015). It is difficult to deliver the clear ideas to the audiences. The nonprofit organizations can maintain email records easily and can connect with people through social networking sites. Social networking sites are becoming important part of human life. Person interacts with the community only through social media platforms. The nonprofit organizations use the effectiveness of these social media platforms and pass their message to large audience (Saxton Waters, 2014). It is very easy to create campaign and share contents on social networks because they are free and open to use. The nonprofit organizations do not need to invest on marketing. Through digital platforms the nonprofit organizations get simple, compatible and accessible mediums easily so they need not to think about medium efficiency. The operational efficiency of nonprofit organizations only depends upon how the message is transmitted to general public and how the message content is designed? The organizations can encourage public participation by building communication network through digital mediums (Maier, Meyer Steinbereithner, 2016). Digital communication also helps to analysis the performance of campaign on individual platform. The analysis report helps to see trends over time and also guides to implement changes to increase effectiveness. Through digital mediums the problem of service availability can be handled easily. The nonprofit organizations can get direct response through digital mediums as the audience can communicate easily without facing difficulty so more and more people come forward to help society. Pictures help to grab attention more than text so by putting attractive pictures on digital platforms the audiences can be attracted easily. References Cho, M., Schweickart, T. Haase, A., 2014,Public engagement with nonprofit organizations on Facebook, Public Relations Review, 40(3), pp.565-567. Goldkind, L., 2015, Social Media and Social Service: Are Nonprofits Plugged In to the Digital Age?, Human Service Organizations: Management, Leadership Governance, 39(4), pp.380-396. Guo, C. Saxton, G.D., 2014, Tweeting social change: How social media are changing nonprofit advocacy, Nonprofit and Voluntary Sector Quarterly, 43(1), pp.57-79. Kim, D., Chun, H., Kwak, Y. Nam, Y., 2014, The employment of dialogic principles in website, Facebook, and Twitter platforms of environmental nonprofit organizations, Social Science Computer Review, 32(5), pp.590-605. Maier, F., Meyer, M. Steinbereithner, M., 2016, Nonprofit organizations becoming business-like: A systematic review, Nonprofit and Voluntary Sector Quarterly, 45(1), pp.64-86. Saxton, G.D. Waters, R.D., 2014, What do stakeholders like on Facebook? Examining public reactions to nonprofit organizations informational, promotional, and community-building messages, Journal of Public Relations Research, 26(3), pp.280-299.