Financial Performance, Reward And Ethical Behaviors Within The World Of Business

The Cheesecake Factory has been one of the more successful chain restaurants in recent years because they have provided great food and outstanding customer service in a fun atmosphere. The cheesecake factory employs a high standard of general conduct and moral aptitude. As a chief executive officer in today’s society, it is my responsibility to ensure The Cheesecake Factory abides by the laws and ethical duties that are mandated by today’s society. There is a copious amount of benefits to being a chief executive officer, however there is an equal amount of risk as chief executive officers are held liable for almost any action or infraction that their company has induced.

Today, executives are having a rough time juggling between the demands of the workplace and those of their families and other personal responsibilities. In a bid to meet targets and other organizational goals and objectives, business executives in addition to traveling extensively also tend to dedicate long hours to office work.

Ethical behavior is significant to the development of persuasion, and important to the behavior of humans.It also influences persuasion by developing the progression of persuasion, and increasing those who are accountable for it. A person’s ethical behavior originates with morals and changes into what way an individual is required to connect to encourage effectively and dependably and finishes with who obligation it is to take responsibility in a persuasive interchange. The significance of our ethical behavior is realized within all our origins as human beings and stands as the groundwork of our different societies. We are directed by our ethical customs in the cultures which we create and live. “ The persuader’s determined actions means more under deontological ethics than under teleological ethics”( Magee,2014). According to David B. Resnik, J.D.,( 2011), ethics is defined as standards for behavior that differentiate between tolerable and intolerable conduct. Ethical morals of behavior that specify how an individual should conduct them self centered on ethical responsibilities and qualities.

Within a competitive world, companies should become ethical throughout many perspectives. Ethics refers to the standards of right and wrong in an attempt to influence behaviour. (Kinicki 2015, p.83) In stating this, companies can be ethical within numerous occasions such as ethics and financial performance, ethical performance, ethics and sustainability and ethical competition such as competitive advantage. Despite the positive side, there are also some negative implications towards ethics.

The term often used to describe the system or principles by which we choose right from wrong is ethics. Conflicts in ethics arise when one person or a group of people impede the beliefs of another person or group of people. It would not be possible to decide who is right or wrong when a conflict arises, but it is our moral responsibility to resolve the dilemmas to the best of our ability. This paper is going to explore the topic of ethical decision-making and establish ground rules for the process and analyze possible ethical implications that may arise. What are the ground rules?

As shown in table 1, employees being dishonest can ruin relationships with coworkers and customers, ruin their personal reputation, and can leave important problems not resolved. Some of the more severe outcomes of acting dishonest can include termination and possibly even potential legal issues. In the article written by Ken Silverstein titled Enron, Ethics, And Today’s Corporate Values, he states that “sixteen executives involved in the Enron scandal were sentenced to prison” (Silverstein 2013). No matter the severity of the dishonest act, there will always be some form of punishment as the outcome. So how can employers reduce these acts of dishonesty in the workplace and prevent any of these punishable outcomes from occurring?

Ethics and social responsibility are important areas within Chipotle Mexican Grill’s business. Both areas have an interactive relationship that plays a role in building profitable businesses as well as a well-rounded community. Ethics refer to sets of beliefs about right and wrong; and business ethics involve the application of these issues in the workplace. The universal ethical standards, which involve trustworthiness, respect, responsibility, fairness, caring, and citizenship, are standards that apply to all people and should definitely be held high within the workplace. Social Responsibility is the obligation of a business to contribute to society. Chipotle’s social responsibility affects

and criteria we could create our own code of ethics. A few of the benefits a code of ethics supply are:

In a school setting, grade school or university, when the subject of cheating comes up,the matter is generally discussed with the gravity you might expect.  When the recent cheating scandal erupted at harvard University, one of the points made by way of explanation was the fear of failure, an extension of which is the unwillingness to fail...

Before applicants accepted, rental agent should have done a background check as a standard procedure.

Creating and sustaining an ethical workplace can be a daunting task. Could it be that culture, race, and creed have a responsibility when trying execute such a major assignment? Company’s thrive off of making profit and ensuring their shareholders are well pleased. However, there seems to be an underlining issue that has capsized or created an unbalanced work environment. Creating a climate of ethical behaviors will create a healthy company.

Ethical behavior can be defined as business principals that involve demonstrating respect for moral values including honesty, fairness, equality, diversity and individual rights. (WebFinance ) Unethical behavior mirrors the opposite of ethical behavior; they often lack moral values between right and wrong. Some examples of unethical business behaviors are falsifying reports, stealing, poor working environments, illegal trading and employee discrimination. With the growing number of Equal Employment Opportunity Commission (EEOC) complaints, this analysis will focus on pregnancy discrimination.

How do ethical values shape behavior in organizations? According to Saleem (2014), ethical values and behaviors of an organization are made up of organizations institutionalized philosophies along with the moral ideologies of its members. In addition, the codes of ethics help to enhance the moral reasoning of employees while shaping their behaviors towards morally questioning unethical situations. Organizational leaders are encouraged to build cultures of trust with leadership who establish concerning goals employees pursue y setting examples for others to follow (Crosbie, 2008). The leaders whom are able to build training and development throughout their organization helps design and build relationships characterized by collaborative behaviors those results in mutually beneficial outcomes (Crosbie, 2008).

Companies should come up with a vision that involves a strategy and company ethics for success. Vision is key in management and strategic plan in all businesses including the school system. (Ghavier, Afsari, Siraj, & Razak, 2013) The organization with vision driven strategy, policies, and procedures will enhance the company’s performance and will help in the change process (Ghavier et al, 2013). Benson (2015) stated that with accessibility of information, there is a need to share knowledge within businesses to create a sense of team work. Organizations coming up with a strategy to get all involved to perform at high levels. Involving ethics in the plan will help the company succeed in the strategic decisions. This paper will discuss the leader’s role in the business strategy decision-making, assess management style that will be efficient in the business plan and ethical decision-making to attain competitive lead. Also, strategic decision-making verse cross-culture virtual businesses will examine the differences.

ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financial benefits from the sales of products. Consequently, managing business in a socially responsive manner contributes to the best combination of business success and societal acceptance, trust and loyalty. Giving back to the community in ways that benefits only society such as planting trees to curb pollution and help the environment or using biodegradable materials in packaging can reap financial benefits to a company by building loyalty among the community. The notion of business ethics and corporate social responsibility is becoming a defining concept in all industries worldwide. ITC believes in the Triple Bottom Line philosophy where the performance and perception of a corporation should not be judged only on the basis of its financial statements or revenues, but its environmental and social performance as well. ITC is one of the only companies in the world to be carbon positive, water positive, and conduct solid waste recycling. ITC provides water to areas where water is very