Corporate Ethics Of Samsung

Company has established an effective relationship with its stakeholders and treating everyone through diverse techniques. Samsung is periodically meeting the demands of its shareholders where significant judgments are made and problems are discussed. For instance, strengthened compliance management organization has started and operated a healthcare study center. Company has a direct connection with their consumers and employees through making client satisfaction surveys to make a healthier costumer relation service. It also is creating employee surveys that made the company to improve the work shift system to reduce work ours. Samsung has also contributed in government policy formulation, which assisted to make an Energy management system that decreases its energy consumption by 10% (Samsung.com (3), 2015).

Utilitarianism is the maximization of happiness for all stakeholders. Utilitarians would see this case as immoral for numerous reasons. Samsung didn’t maximize happiness for workers, who were overworked, underpaid, and underappreciated. Shareholders' happiness also wasn't maximized in this case because they found out that they were supporting a company who not only used child labor at their manufacturer, but also their other illegal labor practices they were found to have used.

Today, more and more companies are adopting a code of conduct and/or ethics in the

In the modern world of technology, many different companies are attempting to secure their own ground in a particular market. Many companies work in many tech fields & some company focus on software, some on mobile phones, others on television but one of the most recognizable names in the technology field is that of Samsung.

Today Samsung has evolved into a group of companies unmatched by others in its range of industries and performance. It is now globally focused and responsive to the needs of each market, and more committed than ever to true innovation. The group’s three core business sectors are electronics, finance and trade and services.

Samsung gives offers and discounts to its customers. Even sometimes it gives promotional offers like free entry to the television shows. It organize contests like “Samsung mobile karaoke festivals”.

In the year of 1990s Samsung has expanding and globalizing their business especially in electronic, particularly mobile phones and semiconductors, have become its most important source of income. Samsung have been operating over 50

Ethics in business is defined as the principles to distinguish right from wrong and to choose ethical actions. It is the standard governance to all concerned to practice mutual respect and to establish morality in order for the entire organization to benefit. This leads to the development of code conduct that must be followed by the organization. It is highly important that the top senior management and leaders must set the standard attitudes and behavior in the entire organization to press ethical concerns. Because of the consequences of ethics in different organizations, senior leadership’s responsibility is to provide ethics because of their authority and responsibility; this has evolved significantly as a primary influence to change (Ciulla, 2004).

Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.

The code of conduct proposed for Xeon Technologies is an important management tool that each organization requires to enable it to run its operations smoothly and in compliance with FSG and other relevant laws. Xeon, like many other organizations, requires a code of conduct to improve its relations with other organizations, keep its management in check, and prohibit inappropriate behavior that may come from its employees. The code proposed for Xeon contains four main provisions: ethics, health and safety, labor and human rights, and the environment. All the four provisions are important in ensuring the company runs efficiently. The company also needs to employ legal experts to help in the implementation of the code to ensure that it

(Dr Ho & Dr Tee, 2013) This ethical issue have extended consequences, mixed outcomes and personal implication. There should be a right or proper balance between economic performance and social performance. (Dr Ho & Dr Tee, 2013) Hence, the management’s dilemma is to strike a balance between economic and social performance. (Dr Ho & Dr Tee, 2013) The one real ethical problem in management is the working condition. The working condition of Samsung is very bad and unsafe. This ethical problem will lead to the employees suffer from cancer and even death. Therefore, Samsung should via the economic, legal and ethical analysis to balance between economic and social performances. Samsung is only care about how to fulfil the need and demand of the customers. They do not care about the working condition of their factories and they are just concern their profits. Besides, they do not follow the law and always let their employees to work overtime. Samsung must provide a good and safe working condition and safety equipages to their employees as well as hire more employees to reduce the probability of their employees to work overtime. Try to get employees to work in a good working condition to ensure that their health is guaranteed. A good working condition allow their employees to work more efficiency and

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue

this initiative, launched by the Chairman of the Board of directors, from the Samsung Company's path and transfer from a regular company in the consumer electronics product sector to become a global company.

According to Wikipedia Encyclopedia1, SAMSUNG is a South Korean multinational corporation headquartered in Samsung Town, Seoul. It consists of several auxiliaries and associated businesses, most of them amalgamated under the Samsung brand, and it is the largest South Korean business corporation. 3On March 1 1938, founding chairman Byung-Chull Lee started a business in Daegu, Korea focused principally on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. In little more than a decade, Samsung which means “three stars” would have its own flour mills and confectionary machines, its own manufacturing and sales operations. From these modest beginnings, Samsung would ultimately advance to become the modern

Based on the articles that I’ve read up on , I’m going to talk about Samsung . Samsung is one of the world’s largest information technology company which has a very powerful influence on South Korea’s economic development . Samsung company produces some goods like , TV , Phone , computer and more . One of Samsung’s most successful products are its smartphones which has significantly dominated the world’s mobile phone industry . Samsung is currently one of the best smartphone in the market . Samsung electronic was found and made in 1969 as a unit of Samsung group . The unit was set up as a method for getting Samsung into the advance TV and customer hardware industries . By 1980 , samsung was assembling , transporting , and offering variety