Legal and ethical issues are closely interlinked, mainly because the legal framework of a society is usually based on its moral and ethical norms, in the sense in which it is built on the norms that the people in that society believe in. When it comes to an organization, there are several levels of interest. First, the overall legal framework of the country in which the organization is operating trumps all other legal or ethical norms. In many situations, companies that have foreign subsidiaries need to abide by the local legislation, including when it comes to taxation or employment matters, even if this legislation is different than the one in the country of origin. Strictly linked to the legal norms are the ethical norms. The reverse situation from the one described in the previous paragraph occurs. Even if the legislation may be sufficiently flexible in some cases to allow an unethical situation, the companies need to be aware of this fact and judge accordingly. There are so many notorious situations of companies that have opened production facilities and factories in developing countries to benefit from flexible employment legislation for example. Nike or some of the apparel and clothing companies are good example in this case. The motivation for such an action was related to cost: a more flexible legislation implied lower wages, longer working hours and different working conditions, as imposed by the law, than in the country of origin. However, it is interesting to
So just like in the United States a company should operate within that country’s applicable laws and regulations, and if in a country where it is not well defined they should develop a specific standard for all locations to follow. An example of this would be the age requirement that Mattel set up for its employees. A requirement that stated no one under the age of 16 will be employed, and that special considerations such as annual physicals and excluding any hazardous duties will be taken into account if between the ages of 16 and 18 (Sethi et al., 2011 p.
Hartman, E. (2006). Can We Teach Character? An Aristotelian Answer. Academy of Management Learning & Education, 5(1), 68-81
Any employee who feels that he or she has been subjected to sexual harassment should immediately contact the Human Resources Department for investigation and corrective action. Protection from retaliation will be provided and confidentiality will be provided as much as reasonably possible. Any employee who witnesses someone engaging in what could be deemed as sexually harassing conduct is obligated to notify the Human Resources Department even if the victim says that they can handle it or that they can take care of it themselves. Sexual harassment is an illegal act and must be reported and investigated just like any other illegal activity.
The problem to be investigated is the conflict that can arise within companies between doing what is right (or moral) and doing what is often viewed as more important the attainment of corporate goals. This conflict is highlighted in the case study involving Fannie Mae (FM). (Jennings, 2009) In this case, corporate executives choose to focus on corporate goals and meeting the market expectations, ignoring any moral issued witch conflicted with the attainment of their goal. (Jennings, 2009) To understand the reasons for the executives actions and learn from their mistakes and misjudgments the following topics are reviewed: 1) ethics and social responsibility, 2) the importance of devolution, 3) the power and value of incentive plans, 4)
Luke, an ABC employee, is currently working on a land development project consisting of building an adult entertainment store in a neighborhood where Luke’s brother, Owen, lives. Luke knows that Owen has been considering selling his home but that he is putting it off expecting the real estate market to improve in a few years, yet Luke knows that the project will cause the opposite effect.
With these values in place makes sure that each person working within our organization models these characteristics. It helps establish priorities in daily work life and personal life and can help our organization grow. Effective organizations identify and develop a clear, concise and shared meaning of values/beliefs, priorities, and direction so that every employee understands and can
Our mission statement and value statement is the core belief of our agency and they go hand in hand when facing challenges in life. It will help the clients and the employees build belief and strength in them and help everyone become one so that we can all stand together with pride and dignity. I know that this will be a long continuing process and we as an agency will do all that we can to grow so that we can continue to help
Business Law helps to give a basis for right and wrong, beyond morality; therefore, it is an important consideration when deciding whether a business practice or decision is ethical. A company who is cutting corners to skirt regulations would be unethical. The discussion case on Chipotle using illegal immigrant workers for cheap labor would be an example of this. The company verified employees by obtaining documentation which met the minimum requirements of the law, but they did not have systems in place to verify that the documentation was valid, and they turned a blind eye to cases where false documentation had been presented. This made the company’s decision to not implement verification systems unethical. Knowing the laws and regulations
At New Visions our mission and values statement, together with a general consensus within our agency on desirable and acceptable moral behavior, obligate our board, our staff, and our volunteers to observe the following code of ethics in the performance of our work (Manning, 2003).
Multinational Corporations have always been and are currently now under harsh criticism. They are mainly condemned for exploiting resources and workers of third world countries, taking jobs away from the US industry, and destroying local cultures. Although there are negatives of multinational corporations, there are also positives. Business done overseas provides jobs for the people of the host country, improving the standard of living, and transfers technology. Richard T. De George explains moral standards, in five basic theses, that multinational corporations must adhere to in order to maintain corporate ethics.
Ethics are values and principles that individuals use to govern his decisions and activities. Ethics are about moral judgment of an individual about right and wrong. In an organization, code of ethics refers to set of guiding principles and organizations use these principles in their policies, programs, and decisions for business. Within organizations, decisions are taken by groups or individuals and these decisions are influenced by the culture of the company. Decision making and relevance of ethics may also differ for nonprofit and for profit organizations. In contemporary business environment, organizations must have a clear ethical policy and implement it in proper manner. There are many social, legal and economic outcomes that company has to face in case of any ethical dilemma, so there must be a smart strategy to deal with ethical dilemmas. In this paper, we will address the ethics for nonprofit and profits organizations, ethical dilemmas being faced or faced by each of these companies and the outcomes of these ethical dilemmas. Critique of actions of each of these companies will be provided from the point of view of applicable philosophical theories of organizational ethics.
International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according
Traits associated to a psychopath include irresponsibility, manipulation, grandioseness, lack of empathy, asocial tendencies, inability to feel remorse, refusal to take responsibility for one's actions and superficial relations with others. Modern day corporations display every one of the previously listed characteristics. Is it right that an institution, whose power now rivals that of the State that once created it to seek the better welfare of its citizens, display the psychological traits of a dangerous personality disorder? Many say no: there is a rising discomfort with the corporation and its pervasion into every sphere of human life and it is this uneasiness that has prompted many academics to further study the corporation and its
Every organization has a set of ethical standards that they abide by. The organization ethical standards purposes: it build the organization confidence in the community , keep the employees uniformed in what the organization strive to have as organizational behaviors and help the employees have guidelines to make ethical decisions that protects the organization.
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).