Describe the importance of ethics and provide 4 examples and state how they help in building trust in the organization
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Corporate Ethics are found in every organization. Based on your knowledge of same:
a. Describe the importance of ethics and provide 4 examples and state how they help in building trust in the organization
Step by step
Solved in 4 steps
- ASAP 1)Analyze and discuss the budget impact (the costs in dollars) of implementing and maintaining a model ethics policy. How much of your budget is worth spending on teaching/encouraging managers and employees to do "good," not just refrain from doing "bad and why?Ethics make the business more authentic.. explain this in relation to the need of Business Ethics.An organization's code of ethics establishes the moral standards or guidelines that each employee must follow when making decisions and acting. As you evaluate the content, organization, and tone of the code, keep this statement in mind.
- Develop a code of ethics for your business. Tip: Your code of ethics should reflect some of your company values.Create a mind map showing, in your opinion, the main challenges and organizational concerns that affect the issue of Business Ethics nowadays. The intention is for you to show that you understand the factors and issues connected with Business Ethics. In order to analyze your mind map, you are required to write a 1000 word (+/- 10%) report that takes into account the following questions: What do we mean by the term "Business Ethics"? How does the concept of Business Ethics affect organizations in today's continuously changing global environment? How important is it to the effective and efficient running of the organization and how does it contribute to the attainment of its short and long term goals and objectives? Why is it important for human resource professionals to educate other managers and employees in their organizations about HR functions?Use information from the book, "Organizational ethics: A practical approach by Craig Johnson" to answer these questions. Use Chapters 8-12 Link: https://scholar.google.com/scholar?hl=en&as_sdt=0%2C43&q=organizational+ethics+a+practical+approach&btnG=&oq=organizational+ethics Chapter Eight: Improving Group Ethical Performance8. How can groups strike a balance between convergence and divergence? How can they operatebetween groupthink and polythink? (Use the type of group of your choice in your explanation.)Chapter Nine: Building an Ethical Organization9. List the core values of an organization you work for, volunteer for, or are otherwise associatedwith. How well are they publicized? How well are they supported by the behavior oforganizational leaders and members?Chapter Ten: Ethical Marketing, Finance, Accounting, and Human Resource Management10. Analyze a contemporary marketing campaign using the four requirements of the mutualityprinciple presented in the chapter. How…
- Corporate governance plays a pivotal role in shaping the direction and performance c organizations. It encompasses the systems and processes by which companies are directed, controlled, and held accountable to their stakeholders. Effective corporate governance involves a balance between the interests of various stakeholders, including shareholders, management, customers, employees, and the broader community. It often includes mechanisms such as a board of directors, ethical guidelines, and transparency in financial reporting. Strong corporate governance not only mitigates risks and ensures compliance with regulations but also fosters investor confidence and long-term sustainability. As businesses face increasing scrutiny and demands for transparency, sound corporate governance practices are integral to maintaining trust and achieving sustainable success. Question: How can companies strike a balance between the interests of different stakeholders in their corporate governance…An approximate code of ethics that sets the right tone at the top of promoting ethical and professional conduct and establishing the moral structure for the entire organization is the backbone of effective corporate governance.Mini-Case Need for Ethics What is business ethics? The answer to this question may be as simple as reciting the usual definition. Or it may be more complex by detailing the “good” ways the company interacts with its various stakeholders. The answer may also depend on who is asking the question. Many think that there is always a “right ways of doing” based on moral principles. Others believe the right thing to do depends on the situation and so ultimately it is up to individual. A customer may view a safe product as proof of an ethical business. An employee may see ethics in fair wages an full benefits. A stockholder may it in the corporation’s compliance with existing corporate best practices as enunciated in the SEC Rules. In fact, all of these answers are accurate because the ethics of a business is demonstrated through its practices. Attention to business ethics is critical during times of fundamental change, in times such as now. Values that were previously taken for granted are…
- Business ethics refers to the morals and principles of a business. Many companies create a code of ethics to set standards that the company and its employees must follow. The code of ethics often describes a company's values its ethical principles how employees should conduct themselves Think about the importance of workplace ethics and answer the following questions. How does a code of ethics support ethical behavior in the workplace? Provide details to support your answer. How does ethical behavior create an organization's culture? Provide details to support your answer. What advantages does ethical behavior in the workplace provide a business? Provide details to support your answer. Be sure to number your responses from 1 to 3 to show which questions they answerAs a newly appointed board member to the board of trustees at private organization the following issues are raised relative to business ethics and you're required to respond to:Codes of moral ethics characterizes the ethical rules that should be regarded by all individuals of an association in their choices and activities. In light of this articulation, basically look at the layout, topics and subjects, and expression of the code.Summarize (use no more than 25 words) Summarize why your top four Ethical Topics are beneficial to a career, employer and society. Identify why ethics are beneficial. Below are 4 topic 1-Morality 2-Confidentiality 3-Right of Engineer 4-Gun Control