Homework: Virtuous Business
I. Review the following Wells Fargo articles and reflect on the circumstances and outcomes surrounding the scandal:
i. "Wells Fargo Unauthorized Account Openings: A Case Study for Bank Board Directors"
ii. "What are the Real Lessons of the Wells Fargo Case?"
iii. "The Wells Fargo Cross Selling Scandal"
iv. "Wells Fargo Fake Accounts Scandal"
II. Write a paper incorporating information from Making Business Virtuous and the Wells Fargo scandal references. Using critical thinking, sound business acumen and clear ethical and moral thinking, respond to the following:
i. Review the five characteristics of a virtual business as described in Making Business Virtuous and describe how Wells Fargo violated each of these. Your description should be at least one paragraph in length per characteristic. Note: the description of these characteristics can be found in the "Virtuous Business" section, which begins on page 6.
ii. Analyze the numerous operational shortcomings in the Wells Fargo case. Identify two that you feel contributed significantly to the development and perpetuation of the inappropriate company conduct. In one paragraph for each, describe two action items that could be implemented to incorporate virtuous principles within the organization to address the two behavioral items you selected.
iii. In one final paragraph, summarize what you believe to be the most significant infraction of all committed by Wells Fargo, what you believe to be the underlying motivation for this non-virtuous corporate behavior.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.