fasdjklf;adsfkjl;

720 Words2 Pages
bulb-icon

Recommended: Relation between corporate governance and ethics

Business Ethics There are countless examples of businesses that have either good or bad ethical business practices. These examples show worldviews that are altruistic and self-serving as well the cause-and-effect of either decision. This paper will identify examples of both good and bad ethical practices as well relate them to various worldviews. Good Ethical Practices It is reasonable to believe that ethical business behavior has countless advantages and few, if any, disadvantages. Consumers have almost immediate access, via the Internet, to a company’s business practices so purchasing decisions can be fluid. This means good ethical business practices can have immediate reward from consumers. For seven years no Ethisphere Institute has published a list of the world’s most ethical companies. The list is developed through extensive surveys and research covering a broad range of categories. 2013 produced 138 companies ranging across virtually all types of industry. Although, motives for companies to be a part of this list might be organic to their mission statements, there are still many other advantages. Smith states, “Brigham says that recognition on the WME list has proven to be beneficial in various ways for the winners.” (para 9). Starbucks Coffee Company is on the Ethisphere Institute 2013 list. Starbucks was founded in 1971 and today there are almost 20,000 stores worldwide with tens of thousands employed. Starbucks has many ethically sound practices; however, of particular note is their treatment of employees. Starbucks has very progressive incentives offered to an employee population that is often not included. Starbucks has a full range of benefits offered for part-time employees as well as full-time. Man... ... middle of paper ... ...ositions, experiences and beliefs. God understood our nature and provided the ultimate tool to help us come to the right answers, this being the Bible. Within the Bible we, as believers, have the answers to our ethical dilemmas. Business leaders have a choice when making decisions of what worldview to adopt to guide their organizations. The leader who choses the Bible as their starting point will be better prepared to make sound ethical decisions that have lasting impact. Conclusion In conclusion, our worldviews are formed throughout our lives by multiple different influences. However, understanding our own personal worldview’s and how they influence our decision-making is critical. As leaders, or future leaders, we can take use our experience and education, coupled with a biblical foundation to make better personal and professional ethical decisions.

Show More
Related

  • Fired Waitress

    670 Words  | 2 Pages

    In business it is important the a company establish some clear order of business when dealing with business ethics. Ethical business practices can build customer relationships. Unethical business practices can cause a business to lose customers. In this case study the reader will be come familiar with the ethical practice of a Red lobster store in Pleasant Hill, Pennsylvania.

    Read More

  • Spiritual Leadership Theory: The Importance Of Ethical Leadership

    134 Words  | 1 Pages

    The importance of ethical leadership is emphasised in theories of ethical leadership such as transformation theories which seek to raise the consciousness of followers by appealing to ideals and moral values rather than to materialistic desires or negative emotions such as fear and jealousy; Servant leadership theory which explains why the primary concern of the leaders should be to nurture, develop, and protect followers; Spiritual leadership theory which explains how leaders can enhance the spiritual meaning in the work experienced by followers; Authentic leadership theory which describes an ideal leader whose behavior is guided by strong positive values, (Yukl, 2010). In addition, all these theories emphasise the importance of leadership

    Read More

  • Critique on the Book The Leadership Challenge

    1035 Words  | 3 Pages

    Transformational leadership also integrates well with a biblical worldview because both advocate valuing followers as well as leaders, the importance of ethical behavior, the need to forgive and learn from mistakes, and the value of a high moral example. Kouzes and Posner advocate leaders having a “moral authority to lead” (2007, p. 41), practicing personal accountability and working to improve all aspects of their follower’s lives. This others-centered leadership approach fits well in the Christ centered atmosphere of a Christian school.

    Read More

  • Utilitarianism, Kant's Deontological Ethics, And Virtue Ethics

    1027 Words  | 3 Pages

    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.

    Read More

  • Lack of Ethical Behavior in the Cases of Bernie Madoff and Enron

    669 Words  | 2 Pages

    Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company. (Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in an business environment, or by a business. There are many situations that can arise in which a person is experiencing an ethical dilemma. They have to choose between standing by their own personal ethical standards or to comply with their companies ethical standards. In some instances some have to choose whether to serve their own personal interests, or the interest of the company. In this essay I will be examining the financial events surrounding Bernie Madoff, and the events surrounding Enron.

    Read More

  • Nonprofit Analysis Project

    785 Words  | 2 Pages

    If as believers we fail to completely trust the Word of God and form our life under its direction then our witness will become misleading and even confusing. Believer’s effort in diligently understanding, applying and holding full trust to the word of God in all aspects of our life will be instrumental in building our faith. Such a faith will elevate us to enable us rise above the unrelenting wave of our culture’s non-biblical ideologies. Biblical worldview is very important in order to develop a life, which can be emulated by others in diligence, integrity and honesty in the modern society (Tackett, 2014).

    Read More

  • Is Puma Inc an Ethical Company?

    1818 Words  | 4 Pages

    Seawell, Buie 2010, ‘The Content and Practice of Business Ethics’, Good Business, pp. 2-18, viewed 22 October 2013, .

    Read More

  • Starbucks versus McDonald’s Code of Business Ethics, an analysis

    983 Words  | 2 Pages

    Starbucks takes the standards of business conduct very seriously. Starbucks “support(s) the global business ethics policy and provide(s) an overview of some of the legal and ethical standards” (Starbucks Coffee) around the world and in every store they serve their customers. Another important factor is that Sta...

    Read More

  • Starbucks Going Global Fast

    737 Words  | 2 Pages

    There are many topics that arise throughout the case with Starbucks Corporation. Starbucks Coffee is located worldwide and there are many different ways to look at this situation. The company offers a unique range of coffee, lattes, espressos, and café style drinks. The company intended to reach a specific target audience, but has ended up in many different markets and has been growing rapidly. Starbucks has greatly used the “youth appeal” strategy to gain entrance into new markets. However, such enthusiasm cannot be counted on indefinitely; other strategies are always in the works. Over time Starbucks has been able to acquire a solid brand reputation and has a world renowned company logo.

    Read More

  • Starbucks Case Analysis

    1309 Words  | 3 Pages

    Starbucks recognizes its employees for much of its success. This is due mostly to maintenance of a great and proven work environment for all employees. The company does not have a formal organizational chart; sot employees are permitted by management to make decisions without a management referral. Moreover, management trust and stands behind the decision of the employees and it is this that allows for employees to thinks for themselves as a part of the business, so as to make them feel as a true asset and not as just another employee.

    Read More

  • Starbucks Business Ethics Case Analysis

    1448 Words  | 3 Pages

    Every thriving company must embrace some sort of code of ethics ground rules which will guarantee its success. In this case, Starbucks wants to promote high standards of practice; by selling the richest and aromatic coffees in the world to the ...

    Read More

  • Teaching Computer Ethics in the Classroom

    2418 Words  | 5 Pages

    Ethical standards that evolved over the history of Western civilization deal with interpersonal relationships. What is right or wrong? What one should do and not do when dealing with other people. Ethical behavior in a business environment has not been as clearly defined. When businesses were small and the property of a few individuals, traditional ethical standards were applied to meet different situations. However, as businesses became larger, the interpersonal ethical relations did not provide any clear behavioral guidelines. Likewise, the principles of ethical relationships were even less pertinent to the corporate environments.

    Read More

  • Schultz's Case Study: A Brief Background Of Starbucks

    1431 Words  | 3 Pages

    Starbucks is a worldwide company, known for is delicious brews of coffee and seasonal varieties of tasty drinks for any occasion. Starbucks opened with two main goals, sharing great coffee with friends and to help make the world a little better. It originated in the historic Pike Place Market of Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker. The creation of Starbucks’ name came from the seafaring tradition of early coffee traders and the romance evoked from Moby Dick. At the time, this individual shop specialized in the towering quality of coffee over competitors and other brewing services enabling its growth to becoming the largest coffee chain in Washington with numerous locations. In the early 1980s, the current CEO Schultz saw an opportunity for growth in the niche market. After a trip to Italy he brought back the idea of a café style environment of leisure and social meetings to the United States we now see in Starbucks locations today. Schultz ultimately left Starbucks to open his own coffee shop, Il Giornale which turned out to be a tremendous success. Fast forward a year later, Schultz got wind that Starbucks was going to sell all their components of Starbucks including their stores and factories, he immediately acquired the funds to buy Starbucks and linked both operations. Within five years he was able to open more than 125 stores starting in New England, Boston, Chicago, and gradually entered California. He wanted Starbucks to be a franchise system based on the mission of telling the truth and emphasize the quality,

    Read More

  • Secular, Ethical Lives

    1990 Words  | 4 Pages

    To understand the basis of the ethics that Christians live by the Biblical story must be interpreted. The Bible passes judgement on many things that Christians would come into contact with at some point in their lives. These things include cases such as; abortion, contraception, euthanasia and homosexuality. All of which are negatively referred to in the Bible. However authority today views these issues differently because they use secular ethics in conjunction with their decision making. Examples of authority include governments and work places. This is so that a good outcome may be maximized and had by most of a population, known as a Utilitarian approach. It is inevitable that a few will disagree but this number outweighs the good of the plenty. This secular schemed way of thinking can sometimes severely conflict with the ethical interpretation that is put forth in the Bible. Ultimately when Christians follow the Bible’s ethical basis they will gain the reward of their soul ascending to heaven in the afterlife. This is an incentive to follow Christian ...

    Read More

  • Ethics In The Workplace

    1936 Words  | 4 Pages

    This essay will provide two actual case studies: one of positive ethical principles and the other of poor ethical principles. Ethics are the driving force behind good business. Every ethical choice made by a professional can and will have a much different outcome than any unethical choice. Bad ethics can ruin many aspects of a business and as Gaye-Anderson, 2007 states, quite easily the lives and professional reputation of the employees can even be severely damaged. 3.

    Read More

More about fasdjklf;adsfkjl;

Open Document