Unit 2 Assignment
Ethics and Social Responsibility in Business Assignment
In this Assignment you will read the Cengage® Case Study: "Barclays Bank: Banking on Ethics" and then respond to the checklist items in a critical essay based on the scenario below.
Assignment Scenario:
As a new marketing associate with Barclays Bank, you are tasked with writing a critical essay summarizing what transpired during the investigation conducted by the United States Department of Justice into the abuse of the London Interbank Offered Rate (LIBOR) interest rate regulated by the British Banker's Administration. This essay, if chosen by your new employer, will be the report presented to the Board of Directors.
Write a 2-3 page, (not including a title and references page), double-spaced, critical essay responding to the checklist items. For assistance with your Assignment, please use your textbook and library research resources.
Checklist:
? Describe the level of ethical development the executives at Barclays demonstrated\ when manipulating the LIBOR interest rates.
? Did Barclays Bank neglect social responsibility? What could they have done to be more socially responsible?
? What actions regarding Corporate Social Responsibility (CSR) could Barclays have= engaged in after the scandal broke to set things right and ensure that such an event would not happen again?
? Describe what level of morality would have been demonstrated if executives at Barclays asked themselves, "Even though manipulating the LIBOR will increase company profits, is it the right thing to do in the long run?"
? Explain the importance of ethics and social responsibility in marketing as a result of your case study analysis.