1. Explain why ethics are an integral component of the manager’s toolbox in the 21st century. (5 Points) Ethics are integral in the 21st century due to the evolution of business, technology, and government oversight. There is a legal responsibility to do what is right by the customer – if you produce a product knowing that there is a high risk of harm to the consumer, you will be eventually be found out, prosecuted, and held liable. Organizations have put a high priority on ethics, which can be hard to balance in the highly competitive business world. But with the advancements in technology and social media, consumers are highly aware of how an organization behaves – and this information travels the world quickly. There is little …show more content…
The program typically has legal standards for compliance, auditing, reporting criminal misconduct, steps to prevent offenses, and punishment for offenses. This can include termination from the company, which is a strong player in preventing offenses from occurring. 3 A) Discuss/ explain where companies get their culture from. The founders of the company establish culture – when it is started the goals, values, and mission of the company are typically memorialized in a mission statement/vision statement. The tone is set by the founders and passed down to their employees. The founders must lead by example. Over time, the culture can change or adapt. This may be due to new leadership, mergers, or acquisitions. It may even be due to a change in the market climate itself. As new employees are brought on, they must be taught the company culture to keep it strong and in line with the overall company umbrella. Most large companies have established culture programs for their leadership, so that they may take those tools, thought processes, and examples back to their teams to keep the culture strong. B) How does corporate culture influence mission, vision, ethics, metrics, collaboration. (10 Points) Corporate culture influences everyday employee actions – it’s how they interact with customers, each other, and make decisions. If the company culture does not align with the mission statement, it can create an identity crisis of sorts.
The business culture of an organization sets the tone and the management leader is the prime example. The GSC based in Southern California and the persons who live there make the contributions to the organizational culture. This is
Organizational culture could almost be considered the roots of a company. The way a company’s employees think, the way the customers feel, and the company’s decisions are made are all based around the culture that the company has laid for itself. An employee’s values, thoughts, and actions should reflect those stated in the company’s mission. Southwest Airlines and American Airlines, while both attempting to create a culture that is comfortable and pleasing to their
The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.
Workplace culture is often hard to describe, because it means something different in every organisation and many times employees feel it’s ‘just the way things are’. But so often it can define a company and when it’s not working well, everyone knows about it.
This will be an over view of ethics as it relates to business in our society. Concepts from Philosophy will seek to describe the correlation between actions that are classified as morally right or ethical in our dealings with each other as human beings. Clear and concise examples will be given as well as ways in which to improve upon business ethics.
Corporate culture can be shown in the workplace. How people dress, how the offices look, how the employees are treated and the way the workplace puts its culture into its merchandise & services and how it shows itself to its customers. There can also be cultural diversity in the workplace with individuals themselves. That can cause problems in the corporation with everybody's diverse ways.
It is commonly known that different organisations have their individual cultures. Culture describes who they are and what they stand for. It relates to the organisation 's traditions, customs, beliefs, meanings, morals, ethics, norms, language, shared values and practices. The business culture determines how people communicate within the company. There are numerous factors affecting
(Panza & Potthast, n.d.) Ethics is very important to a company’s success. Ethical behavior can bring benefits to a business. They can attract customers, which can lead to a boost in sales and profits. It can attract the right employees and increase productivity. It can also attract investors and keep the company’s share price high. Unethical behavior on the other hand can damage a company’s reputation and make it less appealing to stakeholders. It could also result in lower profits.
Ø Explain why ethical consideration IS appropriate and required when conducting business in the 21rst century.
Simliar to the concepts stressed in the reading, culture is shaped mostly by how the leaders act and it provides the rules for behavior within organizations. To an extent, the culture of an organization acts as a glue that holds an organization together. Employees in the organization will identify with an organization on a personal level. It becomes their identity.
An organization’s culture shapes the attitudes and behaviors of its employees by defining boundaries, providing a sense of identity and stability. It also establishes a standard in regards to what employees should say and do. Culture can be transmitted via stories, rituals, material symbols and language. Culture within an organization is no exception.
Subject: Explaining the ethical issues that a business needs to take into consideration in their operational activities.
Culture play major role within the organization. It exists and plays a very crucial role in carving organization’s behavior. Organizational culture positively influences organizational behavior. People join number of organizations during their life. The organizations act as social tools to build the relationships between the individuals. Organizations are boundary maintaining, socially constructed and goal directed system, which focuses on the processes involved in the persistence, genesis and ethics of organizations. The individual will have to co-operate with the organization to achieve goals.
The culture of an organization is the set of values, beliefs, behaviors, customs, and attitudes that helps its members understand what the organization stands for, how it does things, and what it considers important"(Griffin, 49). In other words, "the way things work around here" (Dr. Williams). In order for any small business or large corporation to be successful, the employees must understand what is expected of them. While things might be slightly different in a large corporation versus a small "mom and pop shop", the goal of both is the same. MAKE THE BUSINESS MONEY. The topic of my paper will be on makes a good corporate culture.
Studies have indicated that most of the organisation’s priority is to meet or exceed their business objectives. The success of executing any strategy is dependent on how effective the leadership is communicating the strategy, as well as the performance of the employees who contribute towards its implementation. Therefore it is desirable for the leaders of organisations to make sure that the strategy they are driving is aligned with the culture that they want to instil in the organization. This being said the leaders need to be aware of the culture that is being practiced in the organization to ensure that it is aligned with the objectives to be implemented and what they would like to achieve. Employees are the ones who