Problem
Based on the Scandal that happened at the Japanese Company called Olympus, explain your approach to the following using business ethics principals, concepts and theories:
• If Olympus is found guilty, will the fine of $17.3 million be enough? Why or why not?
• Ethics hotlines can be an effective resource for identifying unethical actions in a company. Why, in your opinion, did Olympus allow the hotline to be run internally?
• Japanese culture seems to play a large role in this case. Explain the concept of due diligence and how it differs in American culture.
• What stakeholders are affected in this case, other than the shareholders?