Rise the corruption with the organization and greed

AFFECT OF UNETHICAL ACTIONS DONE BY THE BUSINESS

The impact of unethical actions could be some time can be termed as staggering not only from the organizational perspective but also for customers. Due to the Satyam computer scandal, significant consequences for the organization have been emerged for the company, especially for their shareholders as due to this emergency of this scandal the public confidence in the capital market staggered at a tremendous rate. besides that, due to such high-profile cases of financial fraudulent reporting raises many concerns related to the credibility of the financial reporting as well as also questions the role of auditors, regulators, management an analyst. Besides that, another very major impact that could be seen in the organization due to the corporate fraud is that it adversely impacts the financial psychological and operational condition of the organization., it would be right to say that even monetary loss is significant however the full extent of the fraud could be staggering. the loss of Reputation, customer relationship and the goodwill could be considered devastating. it could be right to say that when the fraudulent scandal occurs there are some of the major consequences for sure, which can have a rippling effect. Apart from that such type of the unethical behavior can also adversely impact the customers, as they will lose the trust in the company and would not like to make any purchase or the service, and it will also tarnish their image in front of their customers. Due to the Satyam Scandal have made a negative image of the company and it can take years to re-build the image back. Apart from them the investors will not confident enough to invest in the company which have deliberately cheated on the company, It takes time to bring the trust of clients and reputation to market. Looking at all the ethical issues in the Satyam Scandal, it is concluded that Satyam lost its reputation in the industry.