In the blog, “Truth Is Better Than Lie” by Huijia Yang, the writer mentioned BlackBerry giving out false financial statements to shareholders that led to a lawsuit. Based on the blog, it was recently reported that the company has a loss of 965 million dollars in operating costs and has made the decision to lay off 4,500 employees. Remember the time when you saw every businessmen typing away on a BlackBerry everywhere? Well those days sure are over! With the increasingly competitive market of smartphones with strong competitions such as Apple and Samsung, it has gone down hill.
In addition to that, the company has decided to lie to their shareholders about its financial statements to avoid them from finding out that the company was failing. The writer stated that she believes this was wrong since it would have saved a lot of trouble if the company were honest in the first place. Personally I agree with the writer and believe that this goes back to the issue of business ethics. Not only could the company have saved the lawsuit money, they could’ve also saved it’s reputation and integrity among customers. Making a wise long-term decision is always the better way to go!
Bibliography:
Yang, Huijia. “Huijia Yang’s Blog.” Web log post. Huijia Yangs Blog. N.p., 6 Oct. 2013. Web. 17 Nov. 2013. <https://blogs.ubc.ca/huijiayang/2013/10/06/let-nypd-do-the-advertising-job/>.
Reuters, Thomson. “BlackBerry Hit with Shareholder Lawsuit.” CBCnews. CBC/Radio Canada, 5 Oct. 2013. Web. 17 Nov. 2013. <http://www.cbc.ca/news/business/blackberry-hit-with-shareholder-lawsuit-1.1913852>.
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