Question1: Ai
Talking about behaving ethically and responsibly, lead us to talk about ethic. In my opinion, Ethics is more about moral principles—it is a system that defines right and wrong and provides a guiding philosophy for every decision (Cooper & Frank, 1997). Ethical responsibility has been deeply discussed in many literatures review. There are three main types of ethical theory: Consequentialist Theories, Deontological Theories, and Virtue Theories (Jackson, 2015). Different views rise to different sorts of ethical theories. General summary of ethical theories is shown in figure1. Figure 1: Summary of ethical theories ( Jackson, 2015)
In Many philosophers consider ethics to be the "science of conduct." In regard to ethics, Peirce states that "ethics is a
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Recently, most companies realize the importance of operating ethically and reasonably regarding surrounding environments. Most companies implement new systemic implementation of ethics like ethics' committee, codes of ethics, ethics audit which review and mentor the performances of ethics programs in the organization. There are several factors influencing ethical behavior like; the person, family influences, religious values, personal standards, and personal needs (see figure 2). Figure 1: Factors influencing ethical managerial behavior— the person, organization, and environment
As illustrated in figure 3, there are several pressures that enforce the organization to act ethically. Figure 2: Some pressures on organizations to beahve ethically and responsibly.
I'm agreed that increasing pressure to the companies to behave ethically and responsibly have impact upon strategic decision making. The main pressures in my opinion as in figure3 are government's laws and regulation, Media and
This paper is going to discuss Ethics and Ethical Theories. It will include an introduction to ethical theories, virtue ethics, and care ethics. There will be sections discussing absolutism versus relativism, consequentialism versus deontological ethics, and lastly, free will versus determinism. It will also include a discussion about the study of morality and identify which of the approaches (Scientific, Philosophical, or Theological/Religious) are closest to my own personal beliefs. There will be a discussion regarding the three sources of ethics
A lot of key factors would need to be considered when determining if a company is being ran ethically
An ethical audit is important to establish the company’s current weaknesses and strengths concerning how it conducts itself in an ethical manner. An ethics audit will involve evaluating the company’s standard of ethic, it ethic climate, and how well the company’s employees follow ethical standards. One of the first things to evaluate in an ethics audit is if a company has a written code of ethics and how comprehensive it is. Moreover, the written code of ethics should apply to everyone in the company from the top down with a clear zero tolerance policy in place for ethics violations. Included in a comprehensive ethics code should be a method for
The survey was performed in 2010 involving members of the Ethics and Compliance Officer Association (ECOA). They focused on the evolution of business ethics by analyzing six other studies over a span of two-and-a-half decades. Members of the survey were ethics manager, but members on the previous studies were regular employees and management. The results of the analysis of the previous studies showed that ethics programs in companies during a time span of the 1980’s through the 1990’s was used to show social responsibilities and not necessarily to enforce it throughout the company. It showed that ethics programs now that companies follow ethical laws and they are motivated to be ethical. Another result of the study showed that ethics training at companies has increased since the 1990’s due to the passing of Sarbanes-Oxley and other laws directed at ethics. The passing of the laws in the early 2000’s has led to ethics being a major component of everyday
An initial new hire and employee ethics training has to be develop and administered. Also on-going ethics refresher training for use throughout the employees career with Company Q will need to be incorporated in the program. Systems will be developed and put in place to monitor, audit, and report ethics violations. A time-line to re-evaluate these programs and their effectiveness towards meeting the companies social responsibility goals will be established. Based on the evaluation a revision or revamp of the program if necessary will be initiated. The ethics program needs to be reviewed and understood by all employees and expectation for compliance very clear. This can be accomplish by tying compliance in some form to employees and leadership individual performance goals. Shareholders all the way down to entry-level employees will benefit from the ethics program which will also put the company on track to being more socially responsible. Once a code of ethics is in place and training has been given, then Company Q can begin developing trust within the company and employees as well as the community. Continued education and training will enable the company to become more socially responsible.
Craft (2013) reviewed the literature and detailed how organizational factors affect ethical decision making as well. Rewards and sanctions, ethical culture, code of ethics, organizational culture, subjective norms, organization size, competiveness, policies and procedure, and relationships and teams affected ethical decision making. The trend appears to be organizational culture, ethical culture,
Our CEO Indra Nooyi implemented the “Performance with Purpose” guideline to help the company and employees make the right decisions. The company has also developed a Code of Conduct that addresses various business ethics issues such as bribery and conflicts of interest. PepsiCo expects the associates to be familiar with the Code of Conduct. The company also created a Chief Compliance Officer position to enforce the Code. In order to maintain our commitment to the communities and assorted stakeholders, the company has high standards for quality. By adhering to processes and ensuring proper governance, PepsiCo attempts to uphold its responsibilities and earn the confidence of stakeholders. To measure its progress and to make certain that it remains focused, PepsiCo has also developed the following six guiding principles that it uses to sustain its commitment. However, my example shows that we face ethical issues or questions even at a company that is established on how to handle unethical behaviors. It is largely at the individual level to act ethically. As we observed in the baby lab video, we are born with the universal moral core as well as the dark side of morality. As we grow older, society trained us to behavior ethically. However, when under pressure, we do regress to our younger selves. When we are faced with pressure and complications, decision making also become extremely difficult. Saying what is the right thing to do is easier than doing the right thing when you are in the situation. In the future, I will weigh in all four methods of ethical reasoning (virtue, interest, rights and duties) during the decision-making process. I believe that having the proper tools and help will guide me in making the right
Essentially, ethics programs are meant to affect how people think about and address ethical issues that arise on the job. Gretchen Winter, vice president of business practices at Baxter International, puts it this way: By providing employees with ethics standards, training, and resources to get advice, organizations seek to create a work environment where (1) it’s okay for employees to acknowledge that they have an ethical dilemma, and (2) resources are readily available to guide employees in working through such dilemmas before making decisions (Joseph, 2000).
Ethics are values and principles that individuals use to govern his decisions and activities. Ethics are about moral judgment of an individual about right and wrong. In an organization, code of ethics refers to set of guiding principles and organizations use these principles in their policies, programs, and decisions for business. Within organizations, decisions are taken by groups or individuals and these decisions are influenced by the culture of the company. Decision making and relevance of ethics may also differ for nonprofit and for profit organizations. In contemporary business environment, organizations must have a clear ethical policy and implement it in proper manner. There are many social, legal and economic outcomes that company has to face in case of any ethical dilemma, so there must be a smart strategy to deal with ethical dilemmas. In this paper, we will address the ethics for nonprofit and profits organizations, ethical dilemmas being faced or faced by each of these companies and the outcomes of these ethical dilemmas. Critique of actions of each of these companies will be provided from the point of view of applicable philosophical theories of organizational ethics.
The implementation of a new ethics program would involve a great deal of communication (Ruddell, 2004). Assessing the common ethical concerns within an organization helps to create a more tailored plan for the organization (Belhaven, 2015). Initially sharing the code of conduct, training employees on the steps to resolve ethical problems, and providing guidelines to report concerns could be communicated multiple ways (Belhaven 2015). Another task is to identify a group to investigate
“Past research suggests that organizations must rely on their cultural environment to promote employee ethicality” (Sekerka, 2014). Corporate policies communicate organizational values and offer standardized guidance to employees for exhibiting acceptable behaviors and attitudes. In order for an ethics training program to be successful the following must be present, “help people understand ethical judgment philosophies and decision-making heuristics; address areas of ethical concern within their industry/profession; teach the organization’s ethical expectations and rules; help people to understand their own ethical tendencies; take a realistic view, while also elaborating on difficulties in ethical decision making; and have people use the material in the workplace, then
Ethics refers to a sub discipline of philosophy that study about morality (Mersserly, 1995). It is classified into theoretical and applied ethics. Applied ethics is a sub classification of ethics that addresses morality issues of both the public and private life. Thus applied ethics applied to issues in regard to companies or other public institutions is known as business ethics. Thus in this essay I will discuss the different ethics theories and how they are applied in business ethics.
(Panza & Potthast, n.d.) Ethics is very important to a company’s success. Ethical behavior can bring benefits to a business. They can attract customers, which can lead to a boost in sales and profits. It can attract the right employees and increase productivity. It can also attract investors and keep the company’s share price high. Unethical behavior on the other hand can damage a company’s reputation and make it less appealing to stakeholders. It could also result in lower profits.
The purpose or aim of every organization is to establish such an organizational culture and behavior among its employees that helps in achievement of ideal ethical standards. There are certain determinants that play a critical role in helping achieve the right organizational culture. Some of these include personal moral intensity, social ties, codes of ethics, locus of control and Machiavellianism. These
In their personal and professional lives, people can and, unfortunately, sometimes do go against their moral and ethical standards. Ethical standards are what it means to be a good person, the social rules that govern our behavior. Ethics in business is essentially the study of what constitutes the right and wrong or the good or bad behavior in the workplace environment. A business is an organization whose objective is to provide goods or services for profit. The organization has a group of people that work together to achieve a common purpose. The moral challenges that these men and women face each day along with a whole range of problems that could occur, are why ethics plays such an important