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Making ethical business decisions in business
The role of ethical communication in business
Making ethical business decisions in business
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XIX Contingency strategy…………………………………………………….………....0 The strategy is to lay off employees and to quit requesting materials in the chance that the business loses its physical location because of a flame. The arrangement may then call for scouting then renting another area and rehiring a lessened measure of staff, just coming back to the pre-fiasco staff level when business sets up itself in the new area. Each member of the team will execute his or her part as prearranged. b.Contingency funding…………………………………………………………...0 A fund will be set aside to mitigate the unforeseen event. XX Communication plan…………………………………………….……………….…0 e. Define the purpose. The communication plan will help in maintain control over the project and to make sure that …show more content…
Ethical Some of the ethical issues facing the organization include balancing the cost reduction strategy and the health and safety of the employees. In addition, the use of current technology to cut costs and at the same time creates employment opportunities for the locals. Notably, provision of fair working conditions to the employees means more labor costs while the company still aims are keeping the expenses at minimal levels. Provision of non-discriminatory work environment may require costs and management training which also means additional expense for the company. To sum up, transparency forms a core component of ethical practices in business. Sincerity incorporates imparting messages, including showcasing messages, that are not open to distortion and that obviously speak to the aims of the organization and its messages. Being gotten in a falsehood or keeping away from full revelation might bring about unsalvageable mischief to little organizations. Transparency is an ethical issue since disseminating information might expose business strategies to
Gobias Industries is a company that is seeking to promote diversity amongst the organization and strives to be the best. However, it is seen that the company lacks certain criteria that may negatively impact them to the extent where they would need to shut down their facilities. The main issues Gobias Industries has faced is the harsh conditions employees have to work in that are most definitely safety hazards, Sexual harassment, and low retention rate. It is clear that Jim, Maria, Tracy and most of the employees are not satisfied with their experience with the company indicating that Gobias Industries must do something about it as soon as possible before they decide to leave as well. For this, we have analyzed the three main problems with
Although codes of ethics encourage better practice, higher standards, and attempt to hold NGOs and nonprofit organizations accountable, they do not include incentives or consequences (Sidel, 2005). However, they do include suggestions and most importantly resources. For example, the National Council of Nonprofits, Ethical Fundraising includes resources for how to handle gifts appropriately, suggestions for transparency, how to decline conditional gifts appropriately, and more. Since one of the largest issues in NGOs and nonprofit organizations includes funding and expenditures, finances are the main focus for codes of ethics. Therefore, one of the key tools for gaining trust and accountability in NGOs and nonprofit organizations is be transparency. The National Council of Nonprofits
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
Workplace ethics is a quandary that many have need to ascertain as to why difficult issues associated with it exist in the first place. There are four factors that, according to DuBrin (2004), serve as the framework for problematic workplace ethics issues. These include: (a) characteristics and traits of individuals, (b) environmental elements, (c) the impact of both individuals and the environment characteristics and elements and (d) the strength of the bond between individuals.
Talking directly to the stakeholders will help answer most of these key questions. For IT projects meeting the key stakeholders in a forum to review progress on the project is key to its success. Therefore a well drawn up project plan will ensure that there is enough representation of the stakeholders at the regular project review meetings.
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
Organizational Ethics Issue Resolution Paper Introduction For this paper, Washington Mutual has been selected to show how the ethical decision making process can be achieved. When it comes to business ethics in the workplace, Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option appears to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract.
Bernardi, Richard A., and LaCross, Catherine C. "Corporate Transparency: Code of Ethics Disclosure." The CPA Journal (2005). Retrieved on 16 September 2006 .
Once the action plan is in effect, the plan then relies on the implementation and the communication strategy for the idea to work. Communication objectives are obtained and the strategic tactics on how to communicate and disseminate the communication objectives formally and informally.
“Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind” a famous quote about our goal by Seneca. It is a metaphor about the achievement goal and objectives by good planning skills. One has to plan for what one wants to achieve and where one wants to go. One of the most important things is to have good planning, before taking any project the first think you should do is to create project plan. Planning can be defined as preparing a sequence of action to achieve specific goals and objectives. According to Kerzner (2009), “project planning is desirable that the project manager is involved from project conception through execution. It must be systematic, flexible to handle, closely disciplined through reviews and control and capable of accepting multi functional inputs (pg. 412)”. The importance of planning a project is to describe the work so that it will be easily identifiable to the project team member.
When it comes to business, ethical conduct and transparency, “an environment of openness in which all participants in a conversation or organization activity receive access to the information needed” (Baak, 2012), are the standards at the helm of what determines and drives the success and sustainability of a company. Chairman and CEO of Aflac Insurance Dan Amos, has learned the necessities of exercising ethical principles and has gained national recognition for his ethical business practices amongst his employees and the millions of customers that are a part of the successful company. Aflacs employee satisfaction business principles have contributed to Aflac being named as Forbes 100 Best Companies to Work for in America (Grillo, 2010).
The first communication strategy is Motivation. Getting others to care about the project will result in meeting deadlines and staying focused until completion. Leaders have used many ways to motivate
Each employee or individual will also have their personal code of Ethics and it’s vital to also take time to understand those Ethics and respect each individual views related to Ethics. Ethics are usually influenced by religion and culture and it’s vital that an individual ethics and respect their codes of ethics. This requires for a neutral interaction between the individual which will ensure they accumulate adequate information regarding each person ethics thus boosting their ability to abide by each individual ethics. It’s important to understand each person’s ethics so as to provide the individual with a stable atmosphere which will help retain a positive attitude and assist them remain comfortable (Welfel,
In such manner, the center ethics issues that ought to be mulled over incorporate trustworthiness, decency, affectability and appreciation amid business correspondence. The objective of incorporating morals in business correspondence is to offer the association some assistance with building its validity and trust among outer substances. As per the International Association of Business Communicators, associations that practice ethics in their business communication are described by a group feeling among its workforce and elevated amounts of representative assurance. Keeping in mind the end goal to accomplish the objectives of ethical business communication, certain ethical business benchmarks must be watched, which incorporate trustworthiness, clarity, affirmation of sources and defending private data. Genuineness is integral to ethical business communication and results in significant business advantages for the association. As indicated by Alejo (2008), deceitfulness in business correspondence builds the danger of organizations experiencing believability issues. It is a prerequisite for ethical business communication that messages passed on by the associations ought to be seen plainly and be without concealed gets. A moral issue that ought to be
The general meaning of transparency implies openness, or see-through, which is then applied to socio-politics with regards to accessing information and governmental records to better enable knowledge sharing and accountability. Finel and Lord (1999) define transparency as legal, political, and institutional structures that make internal information about a government and society available to actors both inside and outside of domestic political systems. According to Ann Florini (1998; 2002; 2008), transparency is the opposite of secrecy and a choice encouraged by changing attitudes about what constitutes appropriate behavior. Gupta (2008) and Mason (2008) further highlight the complex, contested, and important nature of transparency as a tool