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Ethical behavior in business
Ethics within corporations
Ethics within corporations
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Cisco is an American corporation that manufactures and sells networking equipment. They strive to be honest and have the highest integrity of any company. To have that title for a company, there must be rules and regulations to make everything run smooth. They have to be loyal, follow the law, and keep great financial records. They also have to know how to avoid employee, shareholder, and business partner misconduct in order to keep their great reputation.
Employee Misconduct
Cisco strives to consistently respond to policy violations. Different office organizations will get involved depending on the situation. Some of these organizations include human resources, legal, ethics office. Employees are required to tell the truth and cooperate with the investigation. If employees do not cooperate with the investigation it will result in discipline, which may include termination.
Shareholder Misconduct
Insider trading, just like with any other company, is a big rule in the stock market business. This means that if someone has information that is not public, they should not use that to their advantage in the market. Even a transaction that seems improper must be avoided. Trades are monitored very closely and Cisco cooperates with government agencies for investigations. Cisco employees are also not allowed to pass on information they know to their family or friends to avoid a loss or make a profit. This would be a breach of corporate confidentiality. Employee should avoid talking about work in public places so information isn’t slipped
Business Partner Misconduct
Cisco promotes healthy relationships with their business partners. They know that it is common to give or accept a gift, but are careful not to influence conflict of interest ...
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...re there will be an employee who needs help making an ethical decision. Finding someone to talk to or resources that can help might be hard to come by. There is information about helping someone in a tricky situation where they might need advice. Some of these resources include, going to realogy.com to their ethics page with information about the subject. Another website to look at would be ethicalrealism.wordpress on their ethical realism page.
Cisco strives to be the most honest, fair and loyal business in the world. In order for that to happen, there has to be rules and regulations to follow to avoid slipping up on something that could go against that title. There needs to be a high level of loyalty, always follow the law, and keep accurate financial books. Cisco must also know different business misconducts to avoid in order to remain the great company it is.
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...
I believe that every company should encourage a relationship of trust, loyalty, honesty, and responsibility among staff members at all levels. It’s important that each staff member works together to achieve excellence in a business, so the code of conduct is put in place. The purpose of the code is to provide guidance and set common ethical standards for employees from the top of the food chain to the bottom of the food chain. Some of the areas that I find to be significant of importance in a business are sexual harassment, discrimination and simply being professional in a work environment.
I will be analyzing EMCOR Group’s code of ethics. Their code of ethics is not lacking in corporate social responsibility. They clearly define what is expected in their code of ethics when dealing with customers, suppliers, competitors and employees. For example, they clearly define that when dealing with these parties employees must deal in a fair manner. EMCOR group (2013) states “EMCOR companies should not take an unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair-dealing practice”.
Imagine the head of security at a bank using his years of training in security procedures to orchestrate an incredible heist. This is essentially what happened to the corporate giant Tyco, only the person planning it was the CEO, Dennis Kozlowski and his right hand man CFO, Mark Swartz. Kozlowski and Swartz were at the helm of Tyco and used their experience and skills to carefully plan a scheme, along with the help of other henchman within the company, to siphon money out of Tyco in such a way that even after independent audits and scrutiny by the SEC, the fraud remained unnoticed. Tyco’s corporate was built upon their knowledge of audit procedures and internal controls that they would have learned in their fledgling years as practicing auditors.
The company has a culture of unquestioning when something wrong surfaced in the company. Take for example the Lockheed documents incident, where the 25000 documents were seen in the company for nearly 3 years before someone voiced his concerns regarding it. This unhealthy culture not only allows unethical practices to prevail, it also hinders company’s growth.
questionable irregularities. The employee always has a channel open to convey their concerns to the right people within the company before the problem becomes unnecessarily large or leads to a complaint to a court. Whistleblowing consists in the creation of a system of complaints about non-compliance, by employees of a company, both internal rules, and the regulations governing their activity. Blowing the whistle carries personal and professional implications and
First to be discussed is a concrete definition of “insider trading” as it is discussed in this essay. According to the “European Communities 1989 Insider Dealing Directive: insider trading is the dealing on the basis of materials unpublished, price-sensitive information possessed as a result of one’s employment.(Insider Trading)”
Shareholders are important to the continued success of corporations all around the globe. An ethical issue that could have impacted the relationship that Apple had with its shareholders is the less than upfront approach that Apple took in regards to the health of Steve Jobs. In an article found on Time.com Steve Jobs is referred to as “a modern-day Thomas Edison.” As stated in the article it is believed that Apple was not completely honest about the condition of Steve Jobs health as far back as 2004, and also again in 2008 when he took time away from the company due to health concerns. It is also alleged that this could have had an impact on the shareholders and the decisions made in regards to their stock in the company (Berr, 2011). This one of the many ways that Apple could be seen as a company with something to hide. Although, Apple has tried to be more transparent with how they conduct business with their suppliers, as well as how their suppliers treat employees. One of the ways they have tried to do this is by allowing outside monitors to investigate their production facilities in China (Moore, 2012). They have also shown some good faith in publishing the list of their suppliers to the public in 2012 (Moore, 2012). The Suppliers Code of Conduct that was mentioned earlier has had an impact on the relations that Apple has with many of their suppliers since its implementation. As of
In the report, the first issue describe Hewlett-Packard Corporation was involved into an investigation of spying and pretexting by a congressional federal. According to Hyatt (2007), Patricia Dunn, who was the chairwoman in HP, illegally obtained the private phone records and some of the employee’s information which using the pretexting method led to HP corporation internal leaks. In the second issue, in his article, Hurd on the Street, Booth (2010) describes Mark Hurd, who was the chief executive officer in HP, was got fired on account of intentionally faked financial sta...
2) Cisco is a digital firm in the many senses, while John Chambers will adamantly defer the fact that their company relies directly on software (digital) it is my opinion that from viewing on the proceedings it appears to all eyes that their structure is almost 75% if not more digital. Their training, applications, update forms, orders and accessibility options are all based through the Internet or some digital means.
Cisco certification is a accomplished scientific boost certificate skeleton which is feature with ongoing by Cisco company for advancing Cisco technology, cultivating the repercussion management design again designing troubleshooting personnel. Candidates burden help the prevailed Cisco certificates as valid combat of bread change or company qualification.
When working for any corporation it is very important, that one reads and understands the company's ethics policy of the company where they are employed.
In the recent past, there have been several employees who have brought to light corrupt and unethical business practices on the part of their employer. Whistleblowers are known as internal and external individuals who disclose their firms’ illegal behavior. When faced with such an accusation, some companies have tried retaliating against the informer (Beatty 743). As a result of these cases, there are numerous laws that exist that protect employees from retaliation. Within this paper, the most significant whistleblowing protection statutes and acts will be discussed, as well as, important cases, and the ethics behind whistleblowing.
Ethics in the workplace is a very important thing to have. Without a sense of ethicality in the workplace there are many things that could go wrong. You could even end up losing a job because of a lack of ethics, or other consequences could be felt due to a lack of caring or morality. The workplace is a place that you should show respect and dignity, and a deeper sense of ethics is very important in order to uphold these senses of morality. Workplace ethics, which include such things as behavior, integrity, commitment, teamwork, and other things, are important, if not required, in most workplaces and can help to improve performance and morale for workers and employers.
Ethics is the responsibility of each individual person, but starts with the CEO and the Board of Directors, setting the right tone at the top and moves down through the organization, including setting the tone in the middle. A company’s culture and ethic standards start at the top, not from the bottom. Employees will almost always behave in the manner that they think management expects them, and it is foolish for management to pretend otherwise (Scudder). One of the CEO’s most important jobs is to create, foster, and communicate the culture of the organization. Wrongdoings or improper behavior rarely occurs in a void, leaders typically know when someone is compromising the company