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Business ethics issues in the movie boiler room

Stakeholders-investors, customers, interest groups, employees, the legal system, and the community often determine whether a specific behavior is right or wrong, ethical or unethical. Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Ethical issues in business arise because of conflicts between an individuals personal moral philosophies and values and values or attitudes of organization in which a person works and a society in which one lives.

Ethical issues can be identified in terms of the major participants and functions of business. Financial issue includes, for example, the accuracy of reported financial documents. Ethical issues can acquire between manages and employees, then employees are asked to carry out assignments they consider unethical.

Values and Ethics in "Boiler Room" film

Consumers and marketing issues are related to providing safe desired products for a fear price and not harming people and an environment. Accountants also face ethical dilemma, they have to deal with competition advertising commission. All of this places the accounting profession in situation of ethical risk. Technology issue refers to both costumers and organizations. Using technology many businesses invade consumers privacy, by collecting an information, on the other hand, in organizations employers can obtain private information about their employees, and there is always honesty issue-what is fear and what is not.

Issues related to fairness and honesty often arises in business, because many participants believe that business is a game or o warship and has his own rules. I think gambling is just passing time just like other hobbies. Nobody was promoting it or forcing people to come and gamble.

Costumers chose to come themselves and had a good time, nobody was complaining. In my opinion, this part of the movie did not have business ethics issue. I think all the problems began then our guy started the new carrier as a broker in unknown brokerage firm.

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The institution there he started his carrier as a stock investment broker had no such thing as business ethics. The place did not look right from the beginning. First of all bosses where rude to employees. While interviewing candidates manager was very ignorant to his staff members. Allthough nobody was talking back to the manager they where all shocked and probably afraid to be faired.

Business Ethics Issues In The Movie Boiler Room

The manager was using psychological pressure to keep everybody under control, to avoid unwanted questions. While unwritten companies policies where explained to the employees, I identi9fied another ethics issue.

  • The main character had to deal with all those issues during a movie;
  • One positive think came out from this scam that was then he decided to return money to his costumer, although, it was illegal it was ethical;
  • A strong deterrent to unethical behavior International Business;
  • The only question seems to become "Is it legal?
  • Ethical issues can be identified in terms of the major participants and functions of business.

It said that stocks cannot be sold to the female clients, this is sexual discrimination. Ordinary business sells to every client regardless of his or her gender. Issues of fairness and honesty also arise in the movie. This firm is looking at the business more like at the battlefield.

  1. Boiler room vs wallstreet log in or great movie, bad ethics and not have seen wall street and boiler room as bad as the business ethics.
  2. Oliver stone's 1987 movie wall street is one of the the financial business, in the 2000 film boiler room sit around and watch wall street,.
  3. When waiting times are too long, some patients may expect the doctor to reimburse them for their time, or at the very least, not expect them to pay for the visit.
  4. This paper however, is concerned Business Ethics in workplace 2140 words - 9 pages Ethics in the workplace is also known as business ethics. This firm is looking at the business more like at the battlefield.
  5. Ethical issues can be identified in terms of the major participants and functions of business.

Their theory is that the surprise attacks, unfairness and all unethical behavior is tolerated in business, as long as you make money. Later in the movie, I noticed the technology issue, the firm was illegally gathering information about costumers: Having this information, made it very easy to convince clients tobuy worthless stocks. There was also a communication issue. By lying to costumers about new developments, which will bring a lot of money in the future, brokers were selling stocks that were not real.

The main character had to deal with all those issues during a movie. He felt a pressure from his father, who was a judge, had very high standards, and was very concerned about his own carrier.

Business ethics issues in the movie boiler room

He wanted to prove to his father, that he is not a looser and that he can make him proud. One positive think came out from this scam that was then he decided to return money to his costumer, although, it was illegal it was ethical.

Lack of rules and pure enforcement of rules that exist create opportunities for unethical behavior. I think, one has to decide for themselves what is ethical and what is not.