A code of ethics is a formal document in which is used to assist members of an organization, to know what’s ‘right’ and what is ‘wrong’ in the work place and applying it to their decisions. A code of ethics is a written set of rules or guidelines to help the workers and management ‘conduct’ or direct their actions with its primary values and ethical standards. A code of ethics is important because without it, employees and management wouldn’t have guidelines and the establishment would resemble a crazy house. Consider the establishment, Dunkin Donuts. Dunkin Donuts is a food establishment well-known for their famous donuts, coffee and their slogan “America runs on Dunkin”. Without a code of ethics, the industry would most likely be …show more content…
Supplier selection and relations ships are also an important part of the code of ethics for Dunkin Donuts. It states in the formal document “When buying products and services, employees have a duty to deal with suppliers fairly and act in compliance with applicable laws and company policies. Suppliers include components and materials vendors, indirect goods and services providers, consultants, and anyone else who provides a product or service to the company.” (Dunkin Donuts’ Code of Ethics, 2011) In other words, when buying goods and supplies for the establishment employees are expected to treat the suppliers with kind actions and not treat them harshly. If said employee does not treat the supplier accordingly, the business supplying the Dunkin’ Donuts establishment would most likely stop because of the way they were treated. Then the restaurant would be without goods and supplies. “When purchasing products or services from suppliers, negotiate fairly to obtain the best pricing. Employees are responsible for working in the best interest of Dunkin’ Brands and the franchisee system and for compliance with applicable laws and the company’s policies.” (Dunkin Donuts’ Code of Ethics, 2011) What this statement mean is, when purchasing goods and supplies for the establishment employees are expected to negotiate fairly and have their best interest in doing good for the establishment and industry. It’s important because if workers and employees do not try their best in helping
A code of ethics stands for a set of principles of conduct set within an organization to assist or guide employees to making decisions and adhering to ethical behavior. It’s a set of guidelines that must be followed to make ethical choices when conducting work related matters. Code of ethics is an organizations form integrity. This paper will discuss what an appropriate code of ethics is, and summarize the features of deontological, consequentialist, and virtue of ethics in a professional code of ethics. It will also analyze both the advantages and disadvantages of each approach to ethical theory in the context of the workplace.
Code of Ethics is a written set of rules issued by an organization to its employees and administration to aid them provide treatment in accordance with its prime values and ethical standards.
I chose to do my research on the Target Corporation. I feel they have a reputation of service to their customers, employees and community. Target’s mission is great value, the community, diversity and the environment. Target takes 5% of its income and puts back into the community. The Reading and Education Program, The Military and Veteran Support Program and The Social Services Program are just a few of several programs Target Corporation offers to the community. Target has a great reputation to be a positive fixture in the communities they serve. I think it says a lot about a company and the way it does business. I would feel good about working for a corporation like this. The Target Corporation has good ethics and is socially
A code of ethics is defined as a set of principles, values, beliefs, and rules that define the conduct of a person. This helps a person to determine the correct behaviors that should be expressed in every moment of his/her life as well as analyze what is good or bad in present. Practice the code of ethics is important in all situations because the moral is implicit in everything we do. Hence, the importance of making sure that what you do is right. In the article “How to Write a Personal Code of Ethics?” shows the importance of dedicate time to do a Code of ethics about us. This is because develop a code of ethics is not harder as too many people belief, but because it requires a lot of thinking. There is explain the importance of follow four
A code of ethics is important because it provides individuals within a group, organization, club or society with a set of rules, standards and guidelines to operate within. When employees don't have a code of ethics, they could engage in less-than-socially acceptable behavior. This can establish a bad reputation for an organization.
A code of ethics highlights the responsibility and accountability standards of each and every employee within the organization. These codes are also motivating factors that guide the employees’ behavior, set the standard regarding ethical conduct, and build an organizations trustworthiness within
“Analytically, a corporation’s code of ethics is the documented, formal, and legal manifestation of that organization’s expectations of ethical behaviors by its employees” (Adelstein & Clegg, 2016, p. 55). The corporate credos and code of conducts provide employees with an understanding of the policies of the organization and the organizational ethical position. For these codes to be effective, all employees of the organization must be aware of them. The visibility of the code of conduct that enables the organization to be judged as ethical.
Ethics are the principles and values an individual uses to govern his activities and decisions. In an organization, a code of Ethics is a set of principles that guides the organization in its programs, policies and decisions for the business. The ethical philosophy that is used by an organization to conduct business can affect the reputation, productivity and bottom line of the business (1).
Socio-Cultural- Due to the numerous cultures present in Dunkin' Donuts' target market, the company as a whole must be in continuous change in order to keep up with its consumers. Dunkin Donuts must keep in mind the age, income, occupation, and most importantly the lifestyles of their customers if they wish to succeed in such a competitive market. As an answer to this problem, the company has implemented several changes aimed at keeping and attracting a new customer base. Many restaurants are looking towards centralized kitchens to maximize space and reduce costs, consequently cutting product costs, thus saving the customer money. The
A code of ethics is a document that every profession agrees to abide by, it lets the public know that a profession is serving the public in a good way, and the services is going to be acceptable moral conduct. A code of ethics permits a profession to speak with a knowledgeable voice. It provides support for behaving in a justify way when there is pressure or temptation to do what is quickest or what will make people admire us. The reason early childhood educators should follow a code of ethics because they have a daily influence on the lives of children, teachers are held to high expectations. As an early childhood educator every child should to be treated fairly and receive the same services as any other child. A lot of things can happen
A code of ethics is a set of written principles regarding conduct and behavior created by the organization to serve as a guide. The purpose of ethical codes is to give its employees, management, and any interested party a reference point that adheres to company policy, standards, and ethical beliefs. The code is made visible to the public to ensure professional integrity, quality, and to prevent misguided conduct. Regardless of the organization or governing body a code serves as a go-to guide because ethical issues can stem from anywhere at any given time. The Code of Ethics for Nurses is so dynamic because as technology changes, so does the code to ensure that updated knowledge is provided to healthcare workers as they address new ethical
Company A is committed to providing expertise management consulting to nonprofit organizations that serve and meet the needs of citizens and communities. This Code of Ethics sets forth standards of behavior for our employees and managers. It is intended to assist them in fulfilling their duties and public representation of Company A.
People love to drink coffee. Coffee shops, independently owned or chains are every corner. Statistics show that people are taking more coffee every day. It is a very profitable business.
Code of ethics is a voluntary code of conduct that sets out standards of good banking practices that will all the dealings of the banks with its customers. This will ensure maintenance of good relationship between banks and customers. Commitment of banks towards the ethical standards will increase the quality of service offered to customers.
The most important things is that, the purpose of the establishment of the Code of ethics is that to provide guidance to Directors to help them recognize and deal with ethical issues, to provide mechanisms to report unethical conduct, and to help to foster a culture of honesty and accountability. Codes of ethics also can ensure the discipline of the directors.