Ethical Behavior in Business
The big short movie is a comedy film that is created in a reflection of the financial crisis in the history of the United States. The film is featured by the protagonist, Michael Burry, who realizes that the home loans that have been taken are on the verge of defaults and think of betting against the market. In the bet, he invests a total of $1 billion in credit cards, despite knowing that this money belongs to his investor. The step of betting attracts the attention of Jared Vennett, who is a banker, and Mark Baum, who is a financial specialist as well as other opportunists. Together they gain vast amounts of profits, and as opportunity calls, they take advantage of the falling American economy.
The unethical behavior that can be pointed out in the film is the act of betting against the housing market and taking advantage of the falling market to make themselves rich. The character Michael Burry not only causes the opportunity but also lures other opportunists who reap where they did not sow. Such unethical behavior can be prevented through law enforcement. In this case, for instance, the best thing that an organization should incorporate in their culture is training the employees on business ethics. Poornima explains that “Business ethics is concerned with exploring the moral principles by which we can evaluate business organizations” (115). Through training, people get to learn about business ethics, and they learn to apply them in their lives. Secondly, the unethical issues can be prevented by taking an active law enforcement action against the abuses of the office and position. In this case, for instance, conducting investigations and punishing the offenders is likely to act as an example in the eyes of the rest of the people, causing them to shun away from unethical behavior.