Management How Does Today's World Term Paper

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It is certainly easier to alert the general public to these incidents when they occur.

The result is that the fiscal practices of companies have to be like Caesar's wife: not only honorable, but above any reasonable suspicion. Companies must be more open and more forthcoming with their business practices.

Companies must also be more careful about with whom they do business because of such media scrutiny.

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Most people remember when Kathy Lee Gifford came under criticism for not knowing that her clothing line was sown by sweatshop workers in third world countries. Such media attention can seriously depress the bottom line, as Martha Stewart found out when she lied about insider trading.

In 2001 it is harder to keep secrets in business, and more important than ever that business practices be….....

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