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Should companies embrace social business? case study
Ethical code of a company
Social corporate responsibility
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A. As Human Resources Director for Techfite’s new location in Dellberg, I feel it is necessary to implement policies that reflect and maintain our company culture of workplace collaboration and leadership development. In an effort to also encourage employee empowerment and engagement in corporate decision making, I propose the following corporate policies that reflect a virtue-based perspective of ethics, be implemented immediately.
1. Techfite must keep promises made to the community in which the factory is located.
2. Techfite must organize the budget so as not to constrain full time benefits for employees.
3. Techfite must limit bonuses paid to top executives.
A1. Rationale behind the preceding policies:
• To gain trust from the community,
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It is desirable for a company to be socially responsible. For example:
• Employees proud to work for a good company and under guided ethics will work harder. Internal society will flourish, as first-line management will spend less time on issues and more time on quality and production. At Techfite, time managing employee’s concerns about hours and benefits can now go toward building a strong workforce.
• A socially responsible Techfite, will be viewed by Dellberg as a company that is good for their community. Techfite will have the support of the city and have a good reputation, making recruiting and retaining employees far easier. If Techfite follows through with the youth leadership plans it has promised, we will see support, as well as future leaders going into the workforce in the immediate area.
• To become a presence of being a company that is good for the community, Techfite must hold to the promises it has made. Dellberg is a bankrupt city and investments to rebuild in environmentally responsible ways have not been funded. Once this has been addressed and realized, Dellberg will not only see Techfite as a company that is great for their community, but our employees will also feel like this is a great place to
Lowe’s and Home Depot introduce each other in a message that clarifies their own explanation of Code of Ethics. Both encourage doing the right thing while performing a job that may not always cover all situations. However, employees’ are provided a strategic map that may...
In this analysis includes a summary of the characters and the issues they are dealing with, as well as concepts that are seen that we have discussed in class. Such as stereotyping and the lack of discrimination and prejudice, then finally I suggest a few actions that can be taken to help solve the issues at hand, allowing the involved parties to explain their positions and give them a few immersion opportunities to experience their individual cultures.
By proactively addressing ethical issues with a code of conduct, Raiders Inc. can set the standard regarding how they want employees to behave. Employee can be trained on the company code of ethics so they understand how their company expects them to respond. They can also train them on the biases of decision making, to make sure they are aware of the pitfalls that exist. (Robbins & Coulter, 2012)
The ethical code of an organization illustrates the importance of being honest, acting with integrity, and showing fairness in decision making (Bethel, 2015). Ultimately, “laws regulating business conduct are passed because some stakeholders believe they cannot be trusted to do what is right” (Ferrell, Fraedrich, & Ferrell, 2015, p. 95). In the last couple of years, culture has become the initiator for compliance, which means from the top down there has to be a commitment to act in a way that represents the company’s core values (Verschoor, 2015).
Milton issued such a restrictive standard that the business needs of the company were not being met. The machines were breaking down and customers experienced delays in receiving their product. The adherence to a strict rule blinded the company to ongoing operational needs.
In the book, If Aristotle Ran General Motors, Tom Morris argues that the teachings of the ancients can and should be applied to today's corporation. His message is that the four virtues - truth, beauty, goodness, and unity - form the foundation of human excellence. Putting them into practice leads not only to self-fulfillment, but ultimately to an open, nurturing, and ethical workplace that is more productive and successful in the long-term. The purpose of this essay is to examine how Morris treats the system of ethics in relation to these four virtues.
The CEO has also hired employees with good experience like CIO Dunst from Safeway, and for the supply chain management team, some technology experts from companies like PepsiCo, Dell and even Wal-Mart. This allows the company to be in line with the latest technologies available and demonstrates the future planning undertaken by the CEO.
This paper is intended to cover the ethical dilemma’s and responsibilities that a business will face and the moral, social and ethical standards that should be kept. The ethical standards that are acceptable by the organization must be written and verbally enforced. How the employee 's react is up to the moral and ethical standards that the individual employs. These standards however can be supported by the employers and fellow employee 's that uphold those standards. The paper will be outlined into three main segments: Introduction, Body and Summary. Within the Body of the paper there are three subsections: April 's Ethical Dilemma, Employee 's Roles and Responsibilities, and The Organization 's Role 's and Responsibilities.
How the business owner then applies these values and ethics to their employees can make the difference between success and failure. Business owners need to understand things like attitudes, emotions, ethics, and motivation and how they apply to their employees. Recently, when asked what the biggest problem that a franchisee owner encounters when dealing with employees the reply was “trying to align employee’s values with those of the owners.” (Martinez, 2015) The Little Casers owner in Torrington came up with a helpful way to keep his employees literally on the same page as him. With the help of an HR consulting firm he developed an employee hand book. This handbook has everything from the stores mission statement, the company’s values, ethics, benefit packages, training information, goal progression, and several other HR related items. By developing this informational booklet for employees it sets clear expectations of what the owner believes and desires for the business. Opening this line of clear communication the minute a new employee walks through the door is of tremendous value for the owner. Having employees understand what is expected helps keep their attitudes positive and understanding of the ethical values of the
The need for intrinsic rewards at the Fit Stop is moderate. It is a justifiable reward for some, but in most cases, is not the sole purpose that people are employed with The Fit Stop. The need for extrinsic rewards is much higher than the need for intrinsic rewards due to all of The Fit Stop’s employees being full-time. Compensation will play a role in The Fit Stop because of its long hours, need for some skilled workers, and because all of the employees are
The ethical climate at Next Step appeared to be questionable at best during Ramona’s recruitment. The lack of commitment to the company’s code of ethics on the part of the recruiter showed Ramona that the statement is nothing more than a promotional gimmick. The purpose of an organization’s code of ethics is the moral guidelines that determine acceptable behavior and enshrine regulate a core value and belief system (McNutt & Batho, 2005). However, in the case of Next Step the formally stated code of ethics does not appear to be the true integrated organizational code of ethics. Typically, the adopted code of ethics is due to the organizations managers’ behavior and the imitation for good or bad by the employees of that behavior (McNutt & Batho, 2005).
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To remain competitive and employable in the twenty-first century workplace, society today must conform to the changing demands. Technology is one of the principal driving forces of the future; it is transforming our lives and shaping our future at rates unprecedented in history, with profound implications, which we cannot even begin to see or understand.
Business nowadays encounter with a lot of moral challenges in today’s global economy. Everyone is thriving to be more successful than their competitors, to make their next profits, to keep their job, to earn a big bonus, or to compete effectively. There exists temptation to bend lines, omit information, and do whatever it takes to get ahead of their competition. Many business employees and executives succumb. Sadly, the theme becomes...