Preview

Business Ethics & Social Responsibility

Good Essays
Open Document
Open Document
828 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Ethics & Social Responsibility
Business Ethics & Social Responsibility:

PriceWaterHouseCoopers

PriceWaterhouseCoopers (PwC) is considered to be one of the most renowned global professional services firm in the world. With 161,000 employees located in 154 countries, the company's “core values of excellence, teamwork and leadership (have) help us to achieve this growth.” (PricewaterhouseCoopers) They not only focus on meeting their clients’ needs but they apply on their employees’ careers with the same intensity. The company has been able to extend their services because they excel in what they do and they “take the time to listen, question and understand the competitive and regulatory environment” for each of their clients. PwC not only created an ethical code of conduct but they also grasped the concept of corporate social responsibility, which states “ as a leader in both the conceptual and practical aspects of corporate responsibility, we are happy to note that CR (corporate responsibility) has now reached the point of maturity – both for society and business. We have always believed that the best business solutions grown out of collaborative relationships with clients. Today, the same principle applies with corporate responsibility, stakeholder engagement and sustainability.” (PricewaterhouseCoopers) “One of the most effective way of setting a tone of ethical behavior within an organization is to create an ethical code of conduct.” (Miller & Jenz, 2008, pg. 47) PriceWaterhouseCoopers have created a code of ethics for all of their people and firms, it is based on their values and it provides a “frame of reference for PwC firms to establish more specified supplements to address territorial issues.” PwC global ethics leader, Coenraad (“Coeni”) van Beek stated that their “code of conduct is an integral part of the way we work every day and in every corner or the world. The code doesn’t change the basic nature of the business we undertake, but instead it articulates the way we strive to

You May Also Find These Documents Helpful

  • Good Essays

    Each business should have a framework for ensuring ethical behavior. The structure, format, and scope of codes vary depending on the company’s business. An oil company's code, for example, would probably have different criteria and emphases than a healthcare provider's code of ethics. Sometimes, codes of ethics are called by other names, such as an employee code of conduct. A code of ethics, though, should be differentiated from standard good operating practices.…

    • 655 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Business Ethics

    • 2743 Words
    • 11 Pages

    Galen McDowell was a good salesperson who knew how to purchase the higher performances out of the salespeople under him. Bob wanted to sign a big contract with Kinan Motor who was his potential client, so he gave this assignment to Galen, and Galen got this opportunity to promote his value to the organisation. Then he made the plan to take them to a strip club which is called Red Ruby.…

    • 2743 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Business Ethics

    • 664 Words
    • 3 Pages

    CH2O is a company that blends chemicals to create products such as acid cleaners, and then ships the blended chemicals in drums to the customers. After the drums containing the chemicals reaches the customer, CH2O asked that the customer returned the drums to be reused. Once the drums were returned, the company cleaned the drums themselves, and wastewater was produced in the process. Because the local sewer authority would not accept the wastewater, CH2O discharged the wastewater illegally by means of an apartment complex drain and a warehouse owned by the company. CH2O continued to dispose of the produced wastewater by these means until 1995, when investigations emerged on CH2O for discharging pollutants into the sewer. Iverson, the founder, president, and chairmen of the board for CH2O, was charged with four counts of violating the Clean Water Act (CWA), the Washington Administrative Code (WAC), and the City of Olympia’s Municipal Code (Olympia Code), and was found guilty. Iverson then appealed the case, but his arguments were found to be invalid.…

    • 664 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Describe the social implications of business ethics facing a selected business in its different areas of activity. ( Pass 3)…

    • 988 Words
    • 4 Pages
    Good Essays
  • Good Essays

    This is a reminder from your CEO ; to all employees, Officers, and Members of the Board of Directors of the importance of adherence to the Code of Conduct that we have put in place here at Chipotle Mexican Grill. If you have not taken the time to go over the Code of Conduct personally, I ask that each of you take the time to do so as soon as possible. Although adherence to the Code of Conduct in its entirety is of the utmost importance; there are a few key areas that can have a significant impact on our business. I ask that you take extra care to make yourselves aware of these key areas and the ramifications that non-adherence to these particular areas can produce. These areas are as follows:…

    • 701 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The cheesecake Factory has an established code of ethical conduct that is an essential factor in maintaining a proper balance in the human aspect of ethics…

    • 1098 Words
    • 4 Pages
    Better Essays
  • Better Essays

    The Global Company chose to research is a global organization, PricewaterhouseCoopers, known in the United States as PwC. Ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization will be addressed. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how to survive form business to cultural and ethical diversity. This network of firms also has established a vigorous global network and their core value, and the one shared with their clients, is of excellence, teamwork, and leadership.…

    • 1180 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Business Ethics

    • 519 Words
    • 3 Pages

    This paper will compare the Franciscan Values with Kohlberg’s Levels. Cardinal Stritch University is a Catholic Institution of higher education. Cardinal Stritch was found and is sponsored by congregation if the Sister of St. Francis of Assisi. The Franciscan Values are Creating a Caring Community, Showing Compassion, Reverencing All of Creation, and Making Peace. The Kohlberg`s Three Levels and Six Stages of Moral Reasoning Lawrence Kohlberg, a professor of psychology in the University of Chicago, he created his own theory of moral development. The theory is based on children‘s reasoning, when facing moral dilemmas, however, Kohlberg went far beyond that and created a common theory for all ages. Under his theory moral thinking passes through six separate stages, which are broken into three levels. This paper aims to compare the Franciscan Values…

    • 519 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business Ethics

    • 1334 Words
    • 6 Pages

    Crisp makes a credible argument that the Pongo Peach and Grecian Formula 16 ads were guilty of overriding the consumers' autonomy because they deceived the consumer by leading them to believe that the products were better than what they were. They used the consumer’s insecurities about themselves to make their products more appealing, causing the consumer to act on desires, rather than rationality. The problem with this type of advertising is that when people take a chance on something based on impulse, rather than facts. They risk their autonomy, which makes them want to purchase the product. I believe that Crisp’s rebuttal of Arrington’s four notions is valid. Autonomous desire is the first desire and fulfills the second desire, which is rational desire and choice. Free choice is the third desire, and finally, the fourth desire is control or manipulation. When it comes to the morality of “subliminal” advertising, my opinion is that it is simply business, and if business are going to profit, they have to use whatever tactic necessary to sell their product.…

    • 1334 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Ethics Reflection Paper

    • 474 Words
    • 2 Pages

    Every position within a company has a part in being ethical and socially responsible, from the top positions responsible for making key financial decisions to the entry-level employee who may have face-to-face interactions with customers, everyone is key to the company’s success. Companies often use Codes of Conduct to set the tone for behavior; Codes of Conduct can be used as guidelines for employees to follow and will often incorporate themselves into the company’s statement of corporate vision. Some companies establish ethical committees to “establish some kind of routine for probing into the general ethical climate of the firm”. (Mintzberg, Ghoshal, Lampel,& Quinn, 2003)…

    • 474 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The code of ethics is adopted by organizations to assist members in understanding the difference between 'right' and 'wrong' and in applying that understanding to their decisions. An effective code of ethics should also help to delineate the proper procedures to determine whether a violation of the code of ethics has occurred and, if so, what remedies should be imposed. After reviewing the company’s code of ethics, we found that it has well established the concept of business ethics and the company’s objective, and also several kinds of encouragement to promote the ethical business behavior effectively. The company’s code of ethics, however, is not practical enough for implementation as the content is too general and vague, and there are not enough guidelines and regulations to help the staff to detect or solve the ethical issues.…

    • 829 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Business Ethics

    • 6800 Words
    • 28 Pages

    In Unit 11 we have focused the basic concepts mobilisation, participation, people’s involvement of community, empowerment and women development, gender and feminism the process of community mobilisation and participation in the integrated environmental management. In this unit we will discuss about many social problems in terms of ethical and moral dimensions in respect of environmental management. Many environmental problems are in fact social problems in terms of moral and ethical values. Building a just, stable, harmonious world for the future generations should be the central organising principle for civilisation. Our ideas about nature have varied through the whole history of environmentalism. This unit reviews the environmental ethics, our views and beliefs about nature and environment, issue of environmental equity dealing with the environmental crisis, environmental justice and its principles, racial discrimination at the policy and public level in managing the environment, and teachings about environment in the major religions practiced in South Asia. Objectives After studying this unit, you should be able to: • • • • • discuss different ethical approaches and attitudes towards nature and environmental management; explain the importance of equity for environmental management; discuss the necessity of justice in dealing with environmental crisis; describe the effects of…

    • 6800 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    Business Ethics

    • 425 Words
    • 2 Pages

    I chose to research Microsoft’s code of ethics. The code I’m using the Microsoft finance code of professional conduct. The CEO, CFO, and finance organization employees are expected to abide by this code as well as all applicable Microsoft business conduct standards. Any violations of the finance code of professional conduct may result in disciplinary action, up to and including termination of employment.…

    • 425 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Business Ethics

    • 3204 Words
    • 13 Pages

    our business in a manner that is legal as well as ethical. This Business Ethics…

    • 3204 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    business ethics

    • 872 Words
    • 4 Pages

    Unit 45: Business Ethics LO 1 – Understand different ethical perspectives in business Introduction – 1.1 Explain the background of theoretical ethical approaches and development of theoretical ethical approaches. Ethical perspectives: Deontological and teleological ethical theory; a. Define Deontology ethical theory Give example of deontology by stating a Philosophical experiences or case laws b. Define Teleology ethical theory, Give example of teleology by stating a Philosophical experiences or case laws c. Compare & Contrast the ethical theories. d. Developments from deontology and teleology approaches eg utilitarianism and other consequential approaches; e. Contribution of Immanuel Kant (1724-1804) and Stuart Mill (1808-73); f. Conclusion 1.2 Compare and contrast absolute and relative ethics g. Define absolute ethics and give example by stating a Philosophical experiences or case laws h. Define relative ethics and give example by stating a Philosophical experiences or case laws i. Compare and contrast, identify significant similarities and differences j. Explain the roles and responsibilities of the Institute of Business ethics (IBE) 1.3 Explain the ethical issues which can affect the operational activities of a business.…

    • 872 Words
    • 4 Pages
    Satisfactory Essays