Which ethical criterion‚ as shown in Figure 5.1‚ was used by the company: egoism (self-centered)‚ benevolence (concern for others)‚ or principles (integrity approach)? Or‚ using Professor Paine’s two distinct ethics approaches‚ as discussed in this chapter‚ was Alcoa’s approach more compliance or integrity? Alcoa’s ethical work climate is diverse‚ encourages open communication and learning‚ and community outreach. The company’s strategy encourages employees to be the first to brainstorm ideas for improvements
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Harms (2007) mentions five core practice values to consider when working with others in a change process. These values are respecting the human person‚ promoting social justice and people’s right to a good life‚ empowerment and autonomy‚valuing people’s strengths and resilience; and being authentic. In regards to respecting the human person‚ Harms describes four dimensions of respect these are “to regard‚ consider‚taking into account‚ pay attention to; second‚ treat or regard with deferential esteem;
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Alcoa’s Core Values in Practice BUS 250 Alcoa’s Core Values in Practice The Aluminum Company of America (Alcoa) was founded in 1888 as the Pittsburgh Reduction Company. In 1907‚ they changed their name to Alcoa and had strong values based culture. “In 1985‚ Fred Fetterolf‚ then president‚ decided the company needed to document the values that all employees must live by: Integrity; Environment‚ Health‚ and Safety; Customer; Accountability; Excellence;
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Review on Alcoa ’s Core Values in Practice Porsha Jones BUS250 Jana Radley-Killeen June 16‚ 2014 Alcoa was established in 1888 under the name of the Pittsburgh Reduction Company‚ later on in 1907‚ changing it ’s name to Aluminum Company of America (Alcoa). In a few years time‚ Alcoa had industrialized into a broad vertical integration with complete input control over aluminum production. This company ’s value-based culture was solid. According to Alcoa‚ “ In all of our operations‚ our values
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Alcoa’s Core Values in Practice Alcoa’s work environment was not always the best job place in the world it was a very busy and very stressful work place. For some of the employees they was not always treated right for a lot of people but was a job. If someone did not do their work right or they were to find something wrong with the product in the manufacturing the product. The people that worked there were treated bad and were cured at in front of each other until the “main “people were called
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to illuminate about core brand values of one company. Core brand values helps a company to grow in the market. It is very important to build core brand values in order to maintain competition. Big companies such as Google has developed their core brand values that other companies in the same market are not even close to give them a competition. The author is going to explain Google ’s core brand values to illustrate the importance of this topic. Introduction: Core Brand values are theory that explains
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stewardship is something are highly committed too also they believe it is the right thing to do and a key facto to exceptional value to shareholders. Top management commitment to their values played an important role in their transformation. The leader of Alcoa‚ Paul O’Neill‚ had begun reducing the amount of products sold and widened the range of business globally. Alcoa has also created a new office‚ Environmental Health and Safety (EHS)‚ at the corporate level to comply with each country’s environmental
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This document comprises BUS 250 Week 2 Assignment Case Study Alcoa’s Core Values in Practice Business - General Business Case Study: Alcoa’s Core Values in Practice Read the Alcoa’s Core Values in Practice Discussion Case at the end of Chapter 5 in your text. In one to two double-spaced pages‚ supported by evidence from your text and from other research‚ answer the following questions: How would you classify Alcoa’s ethical work climate? Which ethical criterion‚ as shown in Figure
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Importance of Core Values The core values of a person are characteristics that define that person. Everyone should know clearly what are their core values and why they have it. The values of a person are formed throughout his life and suffer external influences from family‚ friends‚ teachers and the society in which that individual grew. The core values of people show who they really are and guide their choices throughout their lives. As Gandhi once said: “Your beliefs become your thoughts
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Case Study: Alcoa’s Core Values in Practice BUS250: Corporate & Social Responsibility (ABU141 April 14‚ 2014 The Aluminum Company of America (Alcoa) began its company in 1888 under the name of the Pittsburg Reduction Company. In 1907‚ they changed their name to Alcoa and from its inception they had a very strong value based culture. In the very beginning of their work all employers learned everything they made and did had to be aligned with the company’s
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