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Ethical Decision Making The Acme Way Essay

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Introduction

Ethical Decision Making… Why Do We Need It?
To understand “ethical decision making” it is best to break the phrase up. What is the definition of ethics? According to the website businessdictionary.com (2011), ethics are “basic concepts and fundamental principles of right human conduct.” It stands to reason that ethical decision making is the ability to make decisions based on core or base principles of correct human conduct. We at Acme Toy Company depend on employees at all levels to make the “right” choices when it comes to business decisions and their own conduct. How do we support them in their ethical decision making?

1.1 Purpose

The purpose of this report is to provide Acme Toy Company with two …show more content…

3. Strategy #2 for Ethical Decision Making
Hire Code of Ethics Compliance Manager
3.1 Purpose

Purpose of the ethics compliance manager position would be to provide educational opportunities for personnel on the company code of ethics. The compliance advisor could review these with personnel when necessary.
The compliance advisor would educate on how to report when there is a witnessed event of an employee who isn’t following the ethical standards set forth. Also, the manager can also provide advice if an employee is unsure of an ethical dilemma they find themselves in at work that may compromise their ethical decision making capability.
3.2 Benefit

The benefit of having an ethics compliance manager is that this individual can promote and enforce ethical decision making behavior that is in line with Acme Toy Company core ethical values. He/she would have the ability to investigate when there has been a breach in the code of ethics (such as stealing company equipment) and make recommendations for change and improvement in current business practices or recommend disciplinary actions if necessary.

4. Analysis of Code of Ethics – Wal-Mart Corporation

4.1 Purpose

The purpose of analyzing the Wal-Mart Corporation Code of Ethics was to understand the components necessary for the development of

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