Task 1 Business Ethics

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Business Ethics – Task 1
Business Ethics
Cherena Roland
Student #000381109

In order for a business to be successful it must have a strong policy on business ethics in place and a culture that is developed based on core values that should be clearly defined. An organization must do everything within its control to uphold promises made to employees as well as commitments to partners, such as the community where they are located. When the culture, ethics and core values are threatened it is imperative that the organization have a policy in place to address these concerns.
A. Corporate policies that reflect the organization’s culture and ethical viewpoints o Employer-Employee Relations o Compensation and Benefits Administration o Tuition …show more content…

TechFite is known for leadership development and employee empowerment. The purpose of his policy is to provide employees with options to further their education in an effort to develop as a leader. for Techfite to reimburse a portion of the cost to the employee.
2. The ethical and legal issues at stake in the scenario
i. Excessive bonus payouts to executives when non-executive employees are given reduced hours and no benefits due to a lack of funding is unethical and does not support the company’s culture. Bonuses should only been paid when all company goals and budgets have been met as well as maintained employee satisfaction. ii. The agreements made by TechFite to the employees included full-time hours and benefits which is an implied agreement. TechFite not following through and ensuring full-time hours and benefits were provided as promised during the interview and job offer process can lead to legal actions by the employees through implied employment …show more content…

Corporate social responsibility (CSR) is the key to any company’s success. While the traditional role of being a CSR company was primarily focused from a regulatory perspective; Techfite believes that their role as being a CSR company is to maintain a balance with the company’s priorities of being a great place to work paired with their social and environmental responsibilities as a being corporate citizen. They also believe that they must use their powers of success as a tool in being a contributing partner of society through improving the prosperity and durable setting when it pertains to their employees and the community. TechFite should use their marketing tools to support the community, environmental and social issues. TechFite’s engagement allows them to have business and community partnerships, empowerment of their employees, being proactive with corporate social responsibility while distinguishing them from their

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