Introduction
This presentation is on the organization integrity and social responsibilities. As the leaders of the company, if we “act unethically and/or without integrity” (Ross, 2009, para 1), our employees will lose confidence and trust in our organization, however, if our employees do the same than our customers will “lose confidence and trust in our products and services” (Ross, 2009, para 1). For example, Intel had issues with its Pentium chip. They used unethical practices, which consisted of a five-point plan. This presentation will discuss the following:
• Ethical integrity and why it is important;
• The role of ethics in business;
• The advantages of corporate social responsibility;
• Ethics and company culture; and
• Employees, technology and ethical responsibilities.
• Then, include brief examples of three additional companies who fell prey to the same types of pressures – thus illustrating how Intel is clearly not alone.
• Conclude with a list of general actions for an organization so as to avoid the decision-making pitfalls to which Intel and others had succumbed. Ethical Integrity and Why it is Important
Ethics are one’s values and beliefs, which leads ones decision process on how to conduct themselves. The best definition for integrity I found is defined by David Ross (2009) an integrity advocate is as follows:
“Integrity as described by as adherence to a standard eludes us” (para. 3).
“The complexity of integrity as wholeness mystifies us” (para. 3).
Integrity itself is a term that can describe a person who is undivided in their moral principles. A person with integrity thinks, feels, and acts the same in all external circumstances. As a
Do what’s right, legally and morally. Integrity is a quality you develop by adhering to moral principles. It requires that you do and say nothing that deceives others. As your integrity grows, so does the trust others place in you. The more choices you make based on integrity, the more this highly prized value will affect your relationships with family and friends, and, finally, the fundamental acceptance of yourself.
Integrity can be defined as "an uncompromising adherence to a code of moral, artistic or other values, utter sincerity, honesty and candor, avoidance of deception, expediency, artificiality or shallowness of any kind" (Webster's 3rd New International Dictionary 1174). In simpler words this means to maintain high standards and follow the rules, even when no one is watching. Integrity is very important in our everyday life if we wish to be good people. The sad thing is that if you ask some people what integrity means to them they will probably tell you that it doesn't mean much and some may not even know what integrity is. Certain people feel that in order to get ahead in life they need to break certain rules. It is
Business ethics is the study of proper business policies, and practices regarding potential controversial issues. The issues may range from corporate governance, insider trading, bribery, discrimination, corporate and social responsibility. According to an article written by Curtis C. Verschoor, the ethical culture in the workplace is in transition in the U.S. The reason that business ethics is important is because with all employees it is expected that they do the right thing. If one person does something within the company, and it gets back to the public it can harm that company reputation. This could lead to a withdrawal of stakeholders, and loss of employees.
The relationship between ethics and profit is regarded to be very crucial in the business world. In most of the cases business ethics and profits are considered to be at conflict, where we get to choose one and lose the other. There have been instances of both where a company attains profit by establishing ethical values and a company making profits while employing unethical methods. The ultimate motive of running any business is the maximization of profit, so people tend to forget the ethics which are vital while trying to make profits. Experts believe that it is not always necessary to forgo our basic ethics to attain the goal, though it may seem as a very subjective thing. How ethics can be followed
The mail delivery video demonstrates various business terms through the usage of a slightly exaggerated real life example. A handful of the topics discussed in the video include corporate culture, incentives, business ethics, and goals. Upon analyzing the numerous topics one is able to not only understand the operation of a business, but also derive a personal management style. Moreover, by utilizing your management style one is able to solve several issues in the corporate structure.
What kind of ethics does you posses as a person? You may have wondered this question about your self but have you ever wondered it about the company you work for? All businesses have a code of ethics. There are companies with posses good ethics and those who posses bad ethics. As the Mondy (2012) text states, “companies that “out behave” their competitors ethically will generally outperform them financially” (p.28). Ethics start with the company’s motto, their code and how upper management protects their statements. Ethics needs to be part of the company’s culture. Companies who back their code of ethics and mottos have positive work culture (Solomon, 1992). Throughout, this paper we will compare companies culture with the Ethical Flaw text from Mondy (2012).
Jim Goodnight is the CEO of SAS and has lead the company since 1976.Jim has brought innovations and corporate culture by his commitment and visions to meet the highest technology and work-balanced. SAS which stand for “Statistical Analysis System” have values and work on them to meet the highest standards and overcome boundaries to reach the future with great expertise and tangible results. In fact, SAS are committed to the highest ethical standards in its dealings with colleagues, customers, suppliers and competitors. Also, the company’s Code of Ethics associated with the compliance practices have earned the company its public reputation as an ethical and responsible employer and business partner with are engaged to provide
Ethical issues in business are common. However, some people believe that if they just follow the law, that business will be ethically robust. “No matter how important, the law cannot and should not solve all the difficult issues which currently confront business people” (Cracium, 2015, p.43). Following the law does not always ensure morally sound decisions. Companies and each of their employee’s make choices that can have ethical implications. "Ethical standards play a specific and irreplaceable part in the decision-making process involved in a fair market economy” (Cracium, 2015, p.44). We will take a closer look into the details surrounding an ethical issue for the well-known company, Apple in this paper in detail.
This paper will explore the common issues of what a lot of companies face when dealing with employee relations and factors in the reality of some companies that go to the extreme into violating laws to hide illegal practices. These are not isolated cases; these bad practices are more common than we think they are. It really takes a good solid manager to successfully and positively deal with the issues in side with what is right for the company considering both factors: the stakeholders and the employees involved in the issue. Stakeholders are those who can affect or be affected by the organization’s actions, objectives and or policies. Actions can be
Ethics matter to an organization bottom line. Every organization that works in an ethical environment inspires trust among employees, customers, and the whole population. Customers care about the reputation of the company they chose for their transactions. Ethics is also related to justice and trust. This trust can influence the choice of customers in a market where many competitors offer the same product to potential buyers. People prefer to take the risk to make transactions with companies they trust and that show interest in keeping morale and good values high in their workplace and practices. The less ethical a company is, the less customers they keep, and this affect the company’s bottom line.
The stakeholders within PharmaCARE are all the individuals and groups that are affected by the company’s decisions. The employees that may suffer from the lack of environmental safety or abuse of the production location allowing the organization to payless to workers for their hard work. The consumers of the organization’s products that may purchase bad goods that cause a negative reaction. The investors and stockholders who will lose any monetary investment due to the company’s loss of profits which would be an effect of inappropriate management of
Having an ethical business is very important, especially in today’s society. Even though a business may seem to be ethical, if any part of the business does not adhere to ethically business practices, it can cause major issues for a company. This happened to Microsoft when it was confronted for violating several antitrust laws. The concern was that Microsoft was creating a monopoly, particularly within in the internet browser industry. The result was that Microsoft was sued for unethical business practices. Today ethics are an integral to the standards Microsoft sets for their employees as stated in a letter from Microsoft’s Chief Executive Officer Satya Nedalla. In his letter to employees Satya states: “Trust is paramount in how we operate and conduct business with individuals, companies and governments. We build and maintain trust through our shared commitment to ethical behavior and by acting with honesty and integrity.” (Nadella, 2016). In this paper we will look at the events that leading up to the law suit again Microsoft.
Every organization also has a profession responsibility to conduct business honestly and ethically. Our readings reported, “Experts estimated that U.S. companies lose about $600 billion a year from unethical and criminal behavior” Kinicki and Kreitner (2009). The organization could avoid having ethical issues by meeting the
As a result of increasing of violation of ethic and responsibility cases. Ethics and social responsibility are hot topics for today’ organizational mangers (Saunders ,et;al.2002). Ethical decisions are typically guided by a value system of criteria: utilitarian, individualism, moral rights, and justice. For an individual manager, the ability to make correct ethical choices will depend on individual moral development and strong Corporate culture organizational characteristics.