MGT 230 Internal Paper
Ethics plays a big part in the way a business operates; most companies develop a code of ethics that is business specific. When ethics are practiced inside the business this code of ethics often helps employees to uphold the standards set in place, which also helps the business to operate in an acceptable ethical manner.
In March 2013 the Ethisphere Institute named PepsiCo as one the world’s most ethical companies. The Ethisphere Institute recognizes companies that go beyond making statements about doing business ethically and translates those words in to action. ("PepsiCo.", 2012). The PepsiCo. has made the list the last seven years, which is also the length the Ethisphere Institute has been putting out this list.
In order for the PepsiCo. to operate their business the most ethical way they can they must follow the four functions of management. The company makes a plan or changes a plan that will help them follow their ethical values. They then organize their plan by collecting information to show employees which direction they need to move toward. The company then leads its employees by giving them the code of conduct. The code of conduct is not only a piece of paper, but it is PepsiCo. way to motivate its employees to be the best they can while working for the company. The company controls the goal by monitoring what employees are doing and what the company does to make sure they are following their ethical values.
PepsiCo has a Global Code of Conduct that employees and the company follow. The Global Code of Conduct states’” we believe acting ethically and responsibly is not only the right thing to do, but also the right thing to do for our business” ("PepsiCo.", 2012). The PepsiCo code of conduct is updated almost yearly to address changing laws that affect the business. The code of conduct is designed to provide employees with specific guidance on how to act ethically while working for PepsiCo. PepsiCo. states, “ Our code remains our roadmap and compass
In March 2013 the Ethisphere Institute named PepsiCo as one the world’s most ethical companies. The Ethisphere Institute recognizes companies that go beyond making statements about doing business ethically and translates those words in to action. ("PepsiCo.", 2012). The PepsiCo. has made the list the last seven years, which is also the length the Ethisphere Institute has been putting out this list.
In order for the PepsiCo. to operate their business the most ethical way they can they must follow the four functions of management. The company makes a plan or changes a plan that will help them follow their ethical values. They then organize their plan by collecting information to show employees which direction they need to move toward. The company then leads its employees by giving them the code of conduct. The code of conduct is not only a piece of paper, but it is PepsiCo. way to motivate its employees to be the best they can while working for the company. The company controls the goal by monitoring what employees are doing and what the company does to make sure they are following their ethical values.
PepsiCo has a Global Code of Conduct that employees and the company follow. The Global Code of Conduct states’” we believe acting ethically and responsibly is not only the right thing to do, but also the right thing to do for our business” ("PepsiCo.", 2012). The PepsiCo code of conduct is updated almost yearly to address changing laws that affect the business. The code of conduct is designed to provide employees with specific guidance on how to act ethically while working for PepsiCo. PepsiCo. states, “ Our code remains our roadmap and compass
References: PepsiCo. (2012). Retrieved from http://www.pepsico.com/Story/PepsiCo-makes-Worlds-Most-Ethical-Companies-list-for-seventh-straight-year03082013.html PepsiCo. (2012). Retrieved from http://www.pepsico.com/Company/Global-Code-of-Conduct.html PepsiCo. (2012). Retrieved from http://www.pepsico.com/Company/Global-Code-of-Conduct.html Yahoo News. (2013). Retrieved from http://uk.news.yahoo.com/pepsi-drops-rapper-lil-wayne-over-song-lyric-023033141.html?.tsrc=samsungwn#LSb30mp PepsiCo.. (2012). Retrieved from http://www.pepsico.com/Company/Our-Mission-and-Vision.html