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Corporate disasters happen because businesses and individuals don't care of, or at best don't pay attention to, their actions. Yet, what they do or fail to do has the potential of catastrophic consequences on the industry and the economy. With case studies from businesses across industries like Kodak, Hewlett-Packard, General Motors and Parmalat, Business Efficiency and Ethics underlines the need for taking a broader view of both business ethics and efficiency and of the positive or negative aftereffects. Author of over 160 books, Dr. Dimitri N. Chorafas presents both the theory of business efficiency and ethics, and a wealth of case studies based on practical experience. His unique perspective and framework is based on Arete, a word which in ancient Greece meant both being good at the work one is doing and ethical behavior. The book includes cases of ethical and unethical behavior which hit the financial industry, such as the Libor scandal and Barings; and offers a framework for identifying this behaviour and reestablishing appropriate business behavior standards. The text also includes practical examples of business opportunity and ethics in information technology (IT), with particular emphasis on Big Data software challenges, IT scams, and IT security.
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