Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Importance of ethics and value in business
Corporate Social Responsibility Principles
Corporate Social Responsibility Principles
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Importance of ethics and value in business
Introduction The aim of this paper is to discuss the challenges of values-based decision-making ethics in the current marketplace. This discussion will include the research findings on the four markets for potential expansion and an assessment of the current social and political climate of each. A recommendation will offer three best fits based on a comparison of company values, and will include detailed rational for these choices. Content and Analysis Background According to Ferrell (2004), “Organizations create ethical or unethical corporate cultures based on leadership and the commitment to values that stress the importance of stakeholder relationships. Establishing and implementing a strategic approach to improving organizational ethics is based on establishing, communicating, and monitoring ethical values and legal requirements that characterize the firm's history, culture, and operating environment” (p. 129). Ethics programs ensure satisfactory relationships with all stakeholders by aligning with all of their demands and needs, and determine conduct with customers and relationships with regulators, shareholders, suppliers, and employees (Ferrell, 2004). Values are a core set of beliefs and principles by one or many. A number of factors contribute to the development of values. These include membership in a community or culture, attitudes, beliefs, and behaviors. Values determine what is important in decision-making. Ethics involve conduct, the ability to determine right and wrong. All organizations face ethical dilemmas. Organizations develop corporate social responsibility in reaction to the values and expectations of society. Corporate social responsibility initiatives aim to protect public health, safety... ... middle of paper ... ...). The new Japanese consumer. McKinsey Quarterly. Retrieved from http://www.mckinseyquarterly.com/The_new_Japanese_consumer_2548 Sargent, C. (2006). From buddy to boss: effective fire service leadership (p. 153). Tulsa, OK: Penwell Corp. The pc isn’t dead but it is no longer the only (computing) game in town (2011). Deloitte. Retrieved from http://www.deloitte.com/view/en_CA/ca/pressroom/ca-pressreleases-en/2e9fc1ca8f49d210VgnVCM3000001c56f00aRCRD.htm?src=caen_home_pred Trade regulations and standards in France (2011). Globaltrade. net. Retrieved from http://www.globaltrade.net/international-trade-import-exports/f/business/text/France/Legal-and-Compliance-Trade-Regulations-and-Standards-in-France.html Watson, C. (2010). Ensuring value-based decision making. FEMA: U.S. Fire Administration. Retrieved from http://www.usfa.fema.gov/pdf/efop/efo44281.pdf
Waugh, William L, and Gregory Streib. "Collaboration and Leadership for Effective Emergency Management." Public Administration Review, 66.6 (2006): 131-140.
Business Ethics: Ethical Decision Making & Case Studies. Cengage Textbook. The “Mission & Vision”. DecisionOne Corporation. Web.
My perception of a successful battalion chief at Rural Metro Fire Department entails a multifaceted leadership style that promotes his/her administration and exemplifies the professionalism, quality of standards and works ethics we strive towards within our community. As a role model for success, a battalion chief is a liaison between the administration of the department and the field personnel providing the service of excellence to our customers.
New technology, building inspections, leadership, and administrative duties are just a few of the challenges presented to new company officers in the fire service, stated Turner (2014, para. 1). As the fire service continues to evolve so too must the duties of the first line supervisors. Yet, where does an aspiring crew chief begin his journey to become a better leader, and company officer? In Turner’s (2014) article “Preparing for the Role of Company Officer”, many core values have been presented to help further prepare junior officers in their advancement through the fire service. Let us look further into some of the core principles that are discussed.
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
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).
All organizations, especially law enforcement agencies, require leadership. Maintaining a dependable leadership structure is key to the success of any organization. The philosophy of the modern style of police leadership involves a leader who is strong, competitive and unreceptive to change. Police leadership is based from an autocratic style which is founded on integrity and courage, embracing teamwork, involvement and shared leadership (Cordner & Scarborough, 2010). This style of leadership works well in an emergency situation in which rapid decision making and strict control is needed. The negative aspect to this style of leadership is the inability of the organization to function with the absence of leadership.
This research topic is originated from my experience in working in the fire service since nineteen ninety seven. In the last sixteen years I have moved up the ranks from probationary fire fighter to fire lieutenant. I am currently hold the rank of fire lieutenant. This topic is very important to me because one day at work I can be the Incident Commander on a incident, to the o...
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.
Martinette, C. V. (2002). LEARNING ORGANIZATIONS AND LEADERSHIP STYLE. Retrieved from FEMA: US Fire Administration: http://www.usfa.fema.gov/downloads/pdf/tr_02cm.pdf
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
Okray, Randy, and Thomas Lubnau. Crew Resource Management for the Fire Service. Tulsa, OK: PennWell, 2004. Print.
The organisation should also display ethical behaviour towards its stakeholders which is important for building long-term relationships with its customers.
Ethics and values are very important in guiding employees and management in an organisation. It encourages employees to be accountable and transparent and also in make ethical decisions. In an organisation that ethics are practiced there are less conflicts and there is consistency at all times even when an organisation undergoes difficult times. A code of ethics is established in an organisation to solve problems when the do arise and explains how employees should respond when faced with different situations. Values and ethics are important for employees to get along. Our values tell us what we think is important and that helps us in making right decisions. For example a person who values justice will not be coursing conflicts and will adhere to ...
Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.