A Comparison Of Two Ethics Programs

1829 WordsNov 10, 20158 Pages
Jacob Whalley Professor Sollars ORGS-1100.51 20/11/13 A Comparison of Two Ethics Programs Becton Dickinson (BD) is a Fortune 500 company founded in 1897 by Henry Becton and Fairleigh Dickinson. Their products are primarily medical devices such as plastic syringes and other medical instruments that make them one of the leading medical technology companies in fifty countries worldwide. These products are sold to medical institutions that require them for medical treatment and research. Lockhead Martin (LM), founded in 1995, is one of the world’s biggest providers of cutting edge defence mechanisms and is based in Maryland, USA. The products LM produces include; munitions, missiles, satellites, aircrafts and spacecraft’s. As both companies have such large, global status, it is important they employ an effective Corporate Ethics Program to ensure their company operates in an environment that is both ethical and fair for all who are involved with it. A corporate ethics program is a systematic approach to raising ethical awareness of employees, providing guides and education on ethics. A successful program consists of six key components that a company will try to incorporate into their ethical structure. Components of a Corporate Ethics Program The first component is a Code of Ethics. Becton Dickinson has implemented the “AdvaMed” code of ethics into their program. This code insures that interactions between BD and other companies are carried out in an ethical manner, as well as
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