1. Introduction
Since the funding of the Fictitious Anonymous Corporation in January 1983, actions and decision making have been based on the specific values that construct our operational philosophy. Presently, these values are a function of the organizational culture that leads our employees throughout the company. We have drafted this Code of Ethics as a guide and our commitment to all Fictitious Anonymous Corporation employees to promote continuously these values through our work and everyone we come in contact with.
2. Statement of purpose
The main purpose of this Code of Ethics is to guide the employees of the Fictitious Anonymous Corporation in decision making that reinforces the company’s values.
3. Fundamentals
3.1 Mission
Supply our customers
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- Comply with the labor regulations and local laws.
- Provide competitive compensation and benefits to all including merit-based promotions.
Employees Commitment
Employees should:
- Contribute to achieving our Mission and Vision through daily practice of our operating philosophy and values as easily as the precepts shown in this codification.
- Share knowledge and experience with team members through cooperation and collaboration.
- Report any misconduct that violates this Code by informing the Human Resources or immediate supervisor.
6. Safety and Environment
Fictitious Anonymous Corporation commits with the conservation of the environment by complying with all environmental laws. We encourage all employees to continue search for alternative ways to minimize our environment impact.
7. Handling of Assets
7.1 Assets
Employees are responsible for appropriate use of all company assets and maintenance. Company theft must be reported as soon as possible. Company assets should only be use for company operations only and any abuse must be reported to Human Resources and immediate
No assets of the Company may be used to bribe or influence any decision by and official, person or entity.
Unethical behavior is a behavior which is not morally correct. When one is encouraged to embrace unethical behavior and actions, they are "trapped." They are psychological in nature, and such traps distort perceptions of what is wrong and what is right. One actually ends up believing that his or her unethical behavior is right and ethical. If one is not aware of their behavior it is hard for them to tell if their behavior is actually acceptable and ethical. Just like in the Stanford Prison Experiment, the volunteer guards adopted to their new roles. Within hours of beginning the prison experiment, some of the guards began to abuse their power and harass prisoners in that experiment. The volunteer guards behaved in a sadistic and brutal manner.
With all discrimination aside, what’s important is to show some honest respect, ethics, value, and loyalty to every employee.
The code clearly defines its purpose within the organization as well as its applicability. According to the code, there must be ethical conduct including honest, fair, accurate and ethical conduct in disclosure of information pertaining to the company. In addition, ethical handling of
Explain the key steps that the company should take to ensure that employees follow the code of conduct.
A code of ethics is essential in today business world, and customers honestly base a company’s reputation on these bases. Simply defined a code of ethics is a set of core values designed to help professionals manage a business that is honest and possess integrity. For example, a code of ethics document should highlight the mission and the values of a business. As well as, illustrate how professionals should approach issues, the ethical principles based on the company’s core values, and caliber to which the professionals are held. It is highly critical that a company like the Cheesecake Factory withholds an ethical and socially responsive code of conduct.
For a company to be successful ethically, it must go beyond the notion of simple legal compliance and adopt a values-based organizational culture. A corporate code of ethics can be a very valuable and integral part of a company’s culture but I believe that it is not strong enough to stand alone. Thought and care must go into constructing the code of ethics and the implementation of it. Companies need to infuse ethics and integrity throughout their corporate culture as well as into their definition of success. To be successfully ethical, companies must go beyond the notion of simple legal compliance and adopt a values-based organizational culture.
An organization needs to adhere to ethics in order to effectively implement its mission, vision, and objectives in a way in which offers a solid foundation to management and their subordinates to properly develop and implement its strategies. By doing so, the organization as a whole is essentially subscribing to one commonality that directs all of the actions of the employees of the organization. Additionally, it assists in preventing such employees from divergence in regard to the proposed strategic guideline. Ethics additionally ensures that a strategic plan is developed in accordance to the interests of the appropriate stakeholders of the organization, both internal and external (Jin & Drozdenko, 2010). Likewise, corporate governance that stems from various regulatory parties makes it necessary for organizations to maintain a high degree of ethical standards; this is done by incorporating ethics within the organization’s strategic plan so as to foster a positive corporate image for the stakeholders and general public (Min-Dong Paul, 2009).
The code of ethics are a guide of principles designed to help professionals conduct business honestly and with integrity.1Most organization have codes of ethics that its members are required to follow and it lays out the rules and acceptable behavior of its the members of ethics and which actions are acceptable or not acceptable business practices. One industry where professional codes of ethics is important is health care. Most health care workers belong to an accredited organization of their profession, such American Medical Association (AMA), American College of Healthcare Executives (ACHE), and American Nurses Association. They may also be required to have additional certification and rules they must follow based on the laws of the individual
job security and services .As well ethical values to maintain structure and integrity of the
The term “ethics” refers to an external set of rules that have been established by an institution or organization, for example, a university, and the members are expected to follow them. On the other hand, integrity refers to an individuals’ internal set of principles that guides their actions and behavior (Czimbal and Brooks n.p.). As a rule, people are usually rewarded when they follow ethical codes of conduct by an external committee or board that monitors their behavior. For a person of high integrity, the benefits are usually intrinsic. Moreover, such individuals always make the right decisions even when they are not being watched. Therefore, this feature of character is often influenced by a person’s upbringing. In
Nowadays, society is governed by the implications of rules and legal restrictions. All of these rules were created to uphold and maintain the idea of ethical and moral values. Even children growing up were taught by some very important codes of ethics at school. These lessons learned as a youth growing up carry over into adulthood, as an employee or manager. Managers and workers both follow a similar code of ethics within the work place. Today, as a management consultant, I am going to prepare a code of ethics for my clients as they have recently started a restaurant called Knox, it is important to have a code of ethics in every company for their employees and also a circular by explaining the purpose and benefits of a good ethics. And finally, a brief report on the steps of strategic formulation and implementation.
A code of ethics is a formal document in which is used to assist members of an organization, to know what’s ‘right’ and what is ‘wrong’ in the work place and applying it to their decisions. A code of ethics is a written set of rules or guidelines to help the workers and management ‘conduct’ or direct their actions with its primary values and ethical standards. A code of ethics is important because without it, employees and management wouldn’t have guidelines and the establishment would resemble a crazy house. Consider the establishment, Dunkin Donuts. Dunkin Donuts is a food establishment well-known for their famous donuts, coffee and their slogan “America runs on Dunkin”. Without a code of ethics, the industry would most likely be extremely hard to control.
The Code of ethics is rules and principals that are set in place to help individuals to determine what is right and wro...
Tyco provides products and services across the world. The company is global and diversified providing a variety of products including electronics, healthcare, fire and security services and engineered products and services. While employing over 250,000 people worldwide they grossed approximately $40 billion in revenue in the year 2005. In 2002 Tyco was involved with the corporate scandal where the management mis-appropriated corporation funds. The previous CEO Dennis Kozlowski was convicted in 2005 on 22 counts of the 23 that he was charged with. This is an example of not only a legal issue of responsibility but also one of an ethical issue that the Tyco Corporation has had to face. In the face of the legal and ethical issues that this mishap had placed the corporation in, Tyco placed Ed Breen in as chairman and CEO. Mr. Breen joined the company in 2002 after the scandal and immediately began the rebuild of the company’s name. With the appointment of Ed Breen and his changing of the company’s ethical standards (to be discussed in the next portion of the paper) he promotes the legal responsibilities of not only the company’s employees but the responsibilities of the suppliers and buyers to report any wrong doing. This reporting also speaks to the ethics of the Tyco corporation employees as well as those of the companies th...