Ethical Decision Making

B2B, or Business to Business, is defined as “Commercial proceedings between an organization and other organizations”. (Sensacom.com) It refers to occupationes using the Internet to electronically purchase goods from other businesses therefore connecting businesses to each other in order to facilitate market transactions. (Davidson & Bryant, 200) There are advantages to B2B marketplaces much(prenominal) as Agex.com and Metalsite.net over traditional marketplaces. They offer “dynamic real- magazine pricing, cognizant price, competition transaction times and convenience. These sites integrate sourcing, purchasing, and direction for supplies, manufacturers, distributors, and customers.” (Rule, Plotkin, & Fanelli, 2000, p. 1) In 1999, Enron Corporation established Enrononline.com (EOL), an electronic concern syllabus that allowed buyers to alternate directly and solely with Enron. At its onset, EOL was one of a good-natured in the sector of e- trade. EOL set up its ingest rules and practices and was to a greater extent or less unregulated. “Transactions were settled by prices established by EOL.” (Bernstein, 2004, p.3) Since prices for innate(p) fluid trading were established by Enron, natural gas traders were trading for prices established by EOL that could be unrelated to the actual cost. B2B commerce provided Enron with a platform to de dodge its investors and business partners. Stocks were being traded at extremely elevated prices reaching a level of more than $90 per share, a level that could non be justified or maintained. Eventually the bubble blow up leaving Enron in a compromising position amid allegations of fraud and facing Chapter 11 bankruptcy. While the chance on of Enron is due to the inadequacy of regulation of B2B commerce, its nonstarter was due largely to the unethical standards and port established by its senior officers and management, as well as the ineffi cient practices of its auditors. The fall ! of Enron may be one of the close memorable collapses in our...If you want to get a spacious essay, order it on our website: BestEssayCheap.com

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