Business & Society Research Paper Example | Topics and Well Written Essays - 1750 words

Business & Society - Research Paper Example ss organizations to act ethically to promote an enabling environment, which is conducive for business thus, ensuring no single company gets an unfair advantage over the others. Business ethics is not only limited to the manner in which organizations conduct themselves in the business environment but also to the manner in which they respond to legal obligations like adherence to laws & regulations governing the business environment in which they operate. Corporate social responsibility is also another front in which companies demonstrate business ethics. It is not in order for a firm to conduct business in a certain locality and make large turnovers without giving back to the society that is responsible for its success. A business firm will be deemed unethical if it fails to give back to the society in terms of corporate social responsibility activities since the society provides the enabling environment for it to exist and flourish economically (Shaw, 2008). Bayou Hedge fund is an American Company operating in the financial industry. It was established in 1996 by Samuel Israel. This fund group comprised a number of pyramid scheme companies that came together under the umbrella Bayou Hedge fund group. In its inception, the founder Mr. Samuel Israel duped investors to commit their money into the company in the hope that it will triple in a period of less than 5 years. Many investors bought the scrupulous idea and committed a substantial amount of money into Bayou hedge group. Records show that the initial amount of money that was raised by investors was approximately $450 million. The group’s founder convinced the investors who had come on board that in a period of five years that is 1996-2001, the investment would have regenerated to $4 billion. I think the investors failed to conduct due diligence feasibility on their investment as they would have come up with formidable reasons to forego the option of investing in the company, h owever, the deal was too sweet