The Implication of Corruption in Business Management

HealthSouths Culture of Corruption Introduction HealthSouth began as an thought process that someone could contribute a better quality service, more than efficiently than too large hospitals with significant overhead costs. From this small-scale beginning, the business organisation grew at an accelerate rate with Richard Scrushy as its discover and chief executive. Scrushy was considered a alive(p) and compelling personalizedity who had acquired a perceptivity for the lavish life style he could now afford. The business model of HealthSouth flourished, but as Medicare regulations changed, it became increasingly more challenging to remain on the homogeneous high performing tether HealthSouth enjoyed. Under Scrushys leadership, HealthSouth highly-developed a culture which was cogitate on keeping the callers stock as attractive as possible. by fear and intimidation, Scrushy and his senior staff, obstruct all attempts to come transport with information that might be detrimental to their perceived performance. This burning desire to maintain the look of strong performance was manifested in the double-faced financial disclosures, which would victor teemingy circumvent detection from analysts, auditors and regulators for some(prenominal) years.

To overcome any piercing queries into HealthSouths financial statements, the zealous charisma displayed by Scrushy and his systematic voidance of less pliable subordinates helped to perpetuate the ethical lapses his management teams were sweet in. Additionally, Scrushys uninterrupted need for adulation prompted him to undertake v ast philanthropic endeavors, which advertis! e flamed his egotistical personality and emboldened his justification for continuing the fraudulent practices. Scrushy and his management team were not implicated with the potential prejudicious impact their actions would have on investors, employees and former(a) HealthSouth stakeholders, but became prompt by greed and the benefit of their personal wealth. It would be imprecise to state that the outcome of these acts had been...If you want to excite a full essay, order it on our website: OrderCustomPaper.com

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