Management
Essay title: Management
In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernie Ebbers first helped create the telecommunications business concept of WorldCom (Moberg, 2003). The company grew quickly through acquisitions and mergers. In June 1999, the company?s shares traded for $64, and Ebbers was a billionaire (Moberg, 2003). During 2002, accounting scandals were brought to the public?s attention, along with SEC investigations for fraud charges against Ebbers, and key senior management of WorldCom. The company went into bankruptcy, which was the largest bankruptcy in US history (Beltran, 2002). This paper will first explain the impact of legal, ethical, and social responsibilities issues have on WorldCom. Second, this paper will explain three factors that influence WorldCom?s operational, tactical and strategic planning.
Impact of legal, ethical and social responsibilities
A corporate social responsibility is where a business will maximize its positive effects on society, and minimizes its negative effects. Social responsibilities can be categorized as economic, legal, and ethical (Bateman & Snell, 2007). An organization has a responsibility