Ethics play a role in everyday business. Many company executives in an attempt to build a profitable organization and build individual wealth are confronted with ethical decisions daily. Penn Square Bank and Dow Corning have both made decisions in their business that started out making millions of dollars but ultimately cost them more than could have been imagined. Unethical decisions cause more than just cash to an organization, the loss of reputation could be even more detrimental.…
Toward the end of the movie, Mark Ruffalo’s character, Mike Rezendes, flips out dramatically about getting this story out to the public to make sure no other kids become victims.(2015) The head editor on the team, Robby Robinson, tells Rezendes to be patient that they aren’t just going after the individuals, they are going after the system. Robinson makes this ethical decision based on that he doesn’t know what will happen in the future, but if they just release the priest's names the same thing will occur over and over. The only way Robinson states will cure this terrible tragedy, is if they bring down the whole system who is in charge. Being a journalist, Robinson uses his ethical code to make sure he can get a reliable source that is an…
Steven, B (2009). Corporate ethical codes as strategic documents: An analysis of success and failure. Electronic Journal of Business Ethics and Organization Studies, 14(2), 14-20.…
All organizations that are currently operational have or ought to have a code of ethics in which is being followed. The importance of ethics in any organization helps direct in what way they will respond to internal and external stimulus. The largest organization in the world is Walmart, I work as sales manager for a CPG company and interact with Walmart every day. They deal with a great deal of external social pressures that influence their ethics. Walmart has dealt with its fair share of lawsuits as they have been in litigation 4,851 times just in the year 2000 alone Willing, R. (2001, August 13). Every time a concern rises they constantly analyze…
A code of ethics can help companies improve business relationships. Ethical values are often designed to provide guidance when working with other companies and the general public. These values dictate how businesses handle contract negotiations, customer questions and feedback…
Effective leaders use their power and influence in an ethical way to promote the vision of the organization. Peer and organizational pressure have a great impact on how people behave (Gostick & Telford, 2006, p. 35). Diane Peck of Stanford University believes this is what happened at Enron where, “people were encouraged, if not required, to push the envelope” (Gostick & Telford, p. 35). The environment at Enron fostered unethical behavior in order to meet the demands of the organization. In contrast to Enron, at Herman Miller, every employee is valued for the contribution they make and as a result, employees are committed to the organizations vision and high…
Merriam-Webster defines ethical behavior as “the discipline dealing with what are good and bad, with moral duty and obligation” (Ethical, 2008). In the recent years it has been said that good ethics can mean good business. When it comes to reputation and public image an ethical business is better off than an unethical one. Ethical issues can be directly or sometimes indirectly from the strategic decisions that are made to meet public relations objective (Ethics, 2008).…
Professor, having a well-articulated code of ethics is not necessarily the “only” thing to make improvements in an organization; however, this could be “a strong foundation” to create a culture of integrity, and for people to understand what it’s expected of them. I am sure (due to diversity) that many people will perceive or even follow this concept accordingly to their needs. For example, an executive in Argentina may see ethics as an integral component to transforming his/her company into a world-class organization; an individual from China may see the code of ethics as a way to become “role models;” a U.S. executive may believe that high ethical standards are correlated with better financial performance; an ethics “guru” may see this concept…
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)…
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.…
Ethics is important and form the bases of the understands the needs in situations, while setting standards and values to seek. In writing, journalists must look at many different angles to gain their audience while exploring the subject being told. For this reason, is why the "Code of Ethics" was created as a guide for journalist from, the Society of Profession Journalist. In a way to protect the journalist where they "seek truth and report it", as well as, "minimize harm" to the public as human beings. Looking, at the article "the Falling Man" written by Tom Junod and the photos taken Richard Drew includes in the text, drawing attention to the ethical issues that are conveyed in this article and the reason behind it.…
It gives the organization stability and allows the all process to run smoothly. [A code of ethics guides all managerial decisions, creating a common framework upon which all decisions are founded. This can help to create a cohesive understanding of the boundaries within an organization and the standards set for interacting with external stakeholders. A formal, well-communicated code of ethics can also help to protect a company 's reputation and legal standing in the event of a breach of ethics by an individual employee.] (Small Business - Chron.com, 2014) The question is, is it important for an organization’s ethical values to support your own ethical values? From these standards I believe that it is important for the ethical values to be similar, but every organization is going to have a different idea of what is important when it comes to their code of ethics. I feel that it can be beneficial to have more than one viewpoint on ethical values because it can allow a broad spectrum to go off of. It can be compared to the middle section of a problem solving equation. There will be the original solution that seems to be better than the rest, but then there are other solutions that need to be looked at. Having the multiple solutions allows variation and compromise. While the original code of ethics may be working just fine for all involved, but there could be a few tweaks…
According to Balrlow (2014), “Psychologists frequently work with defenseless individuals in sensitive situations”. An important step in becoming a mental health professorial is to be aware of the ethical issues faced by psychologists in daily life. Counseling professional associations, like the American counseling association and the American psychological association, have their own code of ethics. According to Fisher (2008), “the code of ethics provides the information on the most common issues and provides uniformity between practitioners. Having a code of ethics is not always a guarantee that the individual psychologist will follow them. However, it is expected that members of a psychology organization should follow to the code of ethics” (p.120).…
Organizational ethical programs have several benefits, which include creating stronger team relationships, ensuring that government regulations and policies are followed, helping to manage organizational values, and promoting a stronger public image (Top 10 Benefits of Business Ethics Programs, 2013). Organizations unable to abide by government regulations run the risks of imposed fines by the government or having top-ranked officials imprisoned. Effective ethics programs help to reduce risks within an…
Business ethics offer companies a competitive advantage. Consumers learn to trust ethical brands and remain loyal to them, even during difficult periods. In 1982, Johnson & Johnson spent over $100 million dollars recalling Tylenol, its best-selling product, after someone tampered with bottles of the painkiller. The company followed its credo, a set of ethical organizational values, and the result was a boost in consumer confidence, despite the contamination scare. Society benefits from business ethics because ethical companies recognize their social responsibilities.…