This assignment provides you the opportunity to learn about ethical business behavior that is all around us.
Read Cases from the Real World: Competition and the Markers of Business Success, found in the following:
Byars, S., & Stanberry, K. (2018). Why ethics matter, chapter 1. Business Ethics. Rice University, OpenStax. Retrieved from http://cnx.org/content/col25722/1.3 pg. 15. CC BY 4.0 license
Also view the following interviews with Warren Buffett:
hhttps://www.youtube.com/watch?time_continue=168&v=O665cNwMVGw
Cold Fusion (2019). The Man Who Stole $65 billion (Bernie Madoff). Retrieved from https://www.youtube.com/watch?v=gDqGSmTPtOQ
Steinberg, M. and Cohn, S. (Apr. 14, 2021). Bernie Madoff, mastermind of the nations biggest investment fraud, dies at 82. https://www.cnbc.com/2021/04/14/bernie-madoff-dies-mastermind-of-the-nations-biggest-investment-fraud-was-82.html
Also see:
Crippen, A. (2008). Warren Buffett: People thought I was doing some sort of Ponzi scheme. Retrieved from https://www.cnbc.com/2008/12/16/warren-buffett-people-thought-i-was-doing-some-sort-of-ponzi-scheme.html
Maranjian, S. (2017). What Buffett and Madoff Have in Common. The Motley Fool. Retrieved from https://www.fool.com/investing/general/2009/01/07/what-buffett-and-madoff-have-in-common.aspx.
Case Assignment
Address the following in a 3- to 4-page essay, demonstrating your critical-thinking skills:
Discuss Warren Buffetts approach to business dealings, especially as they relate to business ethics.
Compare that approach to Bernie Madoffs.
Apply ethical philosophies that you have learned about in this Module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
Create a table where you compare and contrast these two investors from an ethical standpoint. Be sure to discuss your table in your paper.
Write a well-integrated paper with a strong introduction and conclusion, and use a few section headings (i.e., do not simply follow a Q & A format).
