Ethical Decision Making

B2B, or Business to Business, is defined as “Commercial proceeding between an organization and other organizations”. (Sensacom.com) It refers to occupationes using the Internet to electronically purchase goods from other businesses therefore connecting businesses to each other in order to facilitate market transactions. (Davidson & Bryant, 200) There are advantages to B2B marketplaces much(prenominal) as Agex.com and Metalsite.net over traditional marketplaces. They offer “dynamic real- magazine pricing, aware price, competition transaction times and convenience. These sites integrate sourcing, purchasing, and direction for supplies, manufacturers, distributors, and customers.” (Rule, Plotkin, & Fanelli, 2000, p. 1) In 1999, Enron Corporation established Enrononline.com (EOL), an electronic transaction syllabus that allowed buyers to tidy sum directly and solely with Enron. At its onset, EOL was one of a resistant in the sector of e -commerce. EOL set up its ingest rules and practices and was intimately unregulated. “Transactions were settled by prices established by EOL.” (Bernstein, 2004, p.3) Since prices for innate(p) gunman trading were established by Enron, natural gas traders were trading for prices established by EOL that could be unrelated to the actual cost.

B2B commerce provided Enron with a platform to de dodge its investors and business partners. Stocks were being traded at extremely elevated prices reaching a level of more than $90 per share, a level that could non be justified or maintained. Eventual ly the bubble blow up leaving Enron in a co! mpromising position amid allegations of fraud and facing Chapter 11 bankruptcy. While the decrease of Enron is due to the inadequacy of regulation of B2B commerce, its misfortune was due largely to the unethical standards and port established by its senior officers and management, as well as the inefficient practices of its auditors. The fall of Enron may be one of the close memorable collapses in our...If you want to get a spacious essay, order it on our website: BestEssayCheap.com

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