Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Business Ethics in Today's Corporate World
Corporate ethics and governance
Ethics within corporations
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Business Ethics in Today's Corporate World
As a recent college graduate, I know how it feels to rank in the top of your class and have tons of options and companies who are interested in seeing you join their team like Ramona. The challenge is knowing whether or not the potential employers are selling you “the best opportunity.” The decisions that you have to make between whether or not you will be a “good” fit for the company and if the company is “legit” run through your mind before the initial conversation you have with the recruiter or hiring manager. Most top corporations love to spoil their potential employees with luxurious items or pleasures to persuade them and win them over through buying off potential employees. After reading, I believe that Ramona should not take the offer …show more content…
It takes just a few actions or choices to set ones’ integrity, but takes quite a few actions to reverse once it goes wrong. Corporate integrity “is the ability to act with honesty and be consistent in whatever it is you are doing based on the particular moral, value or belief compass you have.” In relation to the reading, when Ramona asked the Recruiter if the article was inaccurate and the recruiter responded “Well, our PR people do make a habit of taking promotional photos in exotic locations, but of course most of our products are actually developed in our laboratories right here in Seattle.” The employee clearly does not value honesty, that is not to say that all of the employees are this way, but as a Recruiter your job is to seek talent and set the tone for potential employee. The CEO’s behavior and attitude towards the employees of the company set the tone of how as a potential employee she will act or be treated. If the CEO does not have integrity, a startup usually
Recalling her successes before, without a doubt, Campana is quite the adept software saleswoman with the skills and experience to back it up. Further, the case makes it worthy to add that Campana also graduated with a Master’s in Business from a large, Midwestern University. Being so well-experienced would have yielded many connections for the Buckeye Group, and would further build a network that Campana could use in her future endeavors. More importantly, due to her familiarity with the product and software in general, Campana has the significant advantage of already knowing her target market, should she decide to take the marketing job at MetalCoat. Such knowledge would certainly make her transition into the new job easier to
Everybody had an opinion on what happened at the Ramsey household on December 25, 1996. Most people believed that the family is responsible for killing JonBenet. Ever since that day, the public has held the Ramsey family under a cloud of suspicion. The family did everything they could do to defend themselves. They believe that an intruder must have done it, but most of the public believes that the family should be held responsible for the killing. The main suspect that police keyed in on was the mother of JonBenet. The reason for the suspicion of the mother was the 911 call made by Patsy Ramsey the day of the murder. In this 911 call, the mother seemed very suspicious. Patsy said “We have a kidnapping” ( McClish). “It seemed like she knew something she was not telling” (McClish 2001).
Reputation is a company’s biggest asset so you would think that organisations would avoid engaging in any sort of business that would put its reputation in jeopardy. Nevertheless, many organisations find their credibility destroyed due to practices that are harmful and illegal, which could land a CEO’s in prison.
The primary diagnosis for Amanda Anderson is separation anxiety disorder (SAD) with a co-morbidity of school phobia. Separation anxiety disorder is commonly the precursor to school phobia, which is “one of the two most common anxiety disorders to occur during childhood, and is found in about 4% to 10% of all children” (Mash & Wolfe, 2010, p. 198). Amanda is a seven-year-old girl and her anxiety significantly affects her social life. Based on the case study, Amanda’s father informs the therapist that Amanda is extremely dependent on her mother and she is unenthusiastic when separated from her mother. Amanda was sitting on her mother’s lap when the therapist walked in the room to take Amanda in her office for an interview (Morgan, 1999, p. 1).
It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the only important value is the bottom line, most executives merely give lip service to living and operating their corporations ethically.
After news of the scandal of Enron, one of the hottest items on e-Bay was a 64-page copy of Enron’s corporate code of ethics. One seller/former employee proclaimed it had “never been opened.” In the forward Kenneth L. Lay, CEO of Enron stated, “We want to be proud of Enron and to know that it enjoys a reputation for fairness and honesty and that it is respected (Enron 2).” For a company with such an extensive code of ethics and a CEO who seemed to want the company to be respected for that, there are still so many unanswered questions of what exactly went wrong. I believe that simply having a solid and thorough code of ethics alone does not prevent a company from acting unethically when given the right opportunity.
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.
5. All employees must practice integrity and honesty in all areas of the business. Avoid partaking in any activity that could have a negative effect on the company’s image.
Donald Menzel states that building an organization with integrity requires leading with integrity. One should be able to perform a duty without fear and without favors. Integrity, as Menzel explains, is defined by sound moral character, being respectful, and wholesome. Menzel describes not only what guides integrity, but how to build an organization with integrity over the course of chapter 3 and 4. Menzel begins by defining integrity, how to show integrity, and what integrity looks like among employees, organizations, and professionals. He then discusses the 8 principles of ethical conduct and how managers must act in this manner to demonstrate and lead by example. After defining these terms, Menzel discusses different types of leadership and how to build on each type. Menzel continues, in chapter 4, to discuss tools that organizations can use to in order to build and maintain organizations that display integrity. As Menzel moves into chapter 5, he describes management across different cities and counties and discusses ethical issues that have presented and how each was managed. Menzel continues to use life experiences in these chapters to help demonstrate not only what can happen, but what can happen if the wrong choice is made.
For instance, in determining their sales quotas, Wells Fargo should have ensured that their goal was not only specific, measurable, and time-bound, but also aligned with the organizational culture and realistic for employees. The difference in those two types of goals is that Wells Fargo did have a sales quota that was specific, there was a time marker set on it, and it could be measured by whether or not their employee opened the amount of accounts expected. However, what Wells Fargo did not take into account in putting forth this goal was whether or not it would be realistically attainable for their employees and if it aligned with company values and goals. Because an overwhelming number of employees felt the need to lie and cheat in order to meet the quota, I would conclude that the goal was not realistic and it did not align with company values because of the unethical
Moral and ethical leaders are essential for any successful business because these leaders are the essential links between the organization’s objectives and its stakeholders. Leaders are the face of any organization, and their actions reflect the values and the ethics the organization they represent. Therefore, if a leader’s action and decision is ethical, the stakeholders and other organizations will respect the leader and the organization. Recent history has shown that ethical behaviors are important in sustaining businesses; large corporations such as Enron, Chevron, and Worldcom, destroyed people’s lives through unethical business behaviors (Josephson, M., 2013). If these corporations and its executives have operated morally and ethically, they would have been able to avoid bankruptcy and escaped going to prison (The Economist, 2002). Having ethical leadership in organizations will help to eliminate the negative impact executive’s gre...
Integrity is the quality of being honest and fair (“integrity,” n.d.). Integrity involves displaying high standards of ethical conduct and behaviors consistent with agency and governmental standards. Jordan has ensured throughout his time as an H.R. professional that he is remaining ethical at all times. “I have to ensure that I am aware of all policies and regulations that can affect our employees. But I also have to keep their information confidential.” Confidentiality is very important for H.R. professionals as they need to ensure that they handle confidential information appropriately, and never divulge any information to unauthorized persons. They also must serve the needs of top management and monitor their actions towards employees to be sure that all policies and regulations are followed.
I discovered how sticking to one’s morals should be the topmost priority for everyone involved in business, whether personal or professional. Regardless of what the consequences may be, the intensity of the problem, and the complexities it may bring, sacrificing one’s integrity should never be an option, as integrity goes hand-in-hand with the morals of an individual (Duggan & Woodhouse, 2011). They further go on to say that having individuals take part in building a code of ethics that supports employee integrity, they will act ethically. Also, I believe that companies should place more emphasis on the moral behavior of their employees, and clear-cut policies should be set regarding such ethical situations. Furthermore, I realized how serving justice while making decisions really helps in the long run, and that opting to go for the ideal rather than they deserved is not always the best option, and could hurt a company in more than one
As you can see, the definition of honesty and integrity go hand in hand. Just as Spencer Johnson tells us, “Integrity is telling myself the truth. And honesty is telling the truth to other people.” Without honesty, there is absolutely no integrity. In the past few years, many major corporations conducted tests to determine how much of the world’s population was considered, “honest.”
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