Ethical behavior, in a general sense, is a definition of moral behavior as it relates to legality, social standards, and things of that nature. In the business world, ethics commonly refers to acceptable and unacceptable business practices in the workplace and all other related environments. Acceptance of universities regardless of ethnicity, gender and beliefs, as well as truthfulness and honesty in relation to finances within the company are examples of ideal ethical business conduct. Unethical business behavior would include manipulating procedures based on bias or discrimination, engaging in activities that promote political gain, as well as blatant falsification of monetary factors within the company and “can affect organizational performance and is costly to employers, employees, shareholders and others”. organizational stakeholders” (Cox 263). When a company practices good ethics, it represents not only itself in a positive way, but also its partners, shareholders and customers. On the other hand, when an organization participates in unethical activities, all parties involved are negatively affected. The collapse of Enron is a serious case of unethical conduct in the corporate world, because the circumstances leading to the company's chaotic collapse were so scandalous that they left "creditors squabbling over the skeletal remains of Enron" (Helyar) long after that the company had seen its end. There are numerous instances worth mentioning, including the deliberate failure to properly report tax losses, insider trading, and general relentlessness. The inclusive purpose of this article is to further explore the underlying factors that contributed to the downfall of the once mighty Enron, and as a new way of approaching corporate ethics... means of paper... means of Learning truly from history and by applying such experiences, the business world will be able to strive not to witness another unethical calamity, like that of Enron.Works CitedCatanach Jr., AH, & Ketz, JE (2012). ENRON ten years on: lessons to remember. CPA Journal, 82(5), 16-23.Cox, P. L., Edwards, A., & Friedman, B. A. (2009). Enron: The Smartest Guys in the Room: Using the film Enron to examine student attitudes toward business ethics. Journal of Behavioral & Applied Management, 10(2), 263-290Fusaro, P. C., & Miller, R. M. (2002). What Went Wrong at Enron: Everyone's Guide to the Biggest Bankruptcy in US History. Hoboken, NJ: J. Wiley. Helyar, J., Mclean, B., Revell, J., Sung, J., & Varchaver, N. (2001). Why Enron went bankrupt. Fortune, 144(13), 58-68.Probert, Lauren J. “Enron.” Salem Press Encyclopedia (2013): Research Starters. Network. April 19. 2014.