Diversity in Business Ethics
Today businesses are faced with challenges, one in particular is diversification. Diversification according to John Jefferson and his associates (2009) is a form of growth, and the marketing strategy of a company, which seeks to increase profitability through greater sales volume obtained from new products and new markets. Interesting Jefferson (2009) also, states, diversification can occur either at the business unit or corporate level. Which bring s me to my point on diversity in business ethics. Richard Daft (2015) believes that global diversity in the United States, “the domestic population is changing dramatically” (p.11). Whereas, Daft (20015) points out, diversity is no longer just about, sales volume, a marketing strategy, but innovation from a diversified group of people. However, in the early stages of corporate structure people diversification was not part of the equation.
Taylorism: The diversification of business ethics.
Beginning in the 1900 the workforce paradigm with a concept called Taylorism, in which the dynamics of business changed forever and ethics of business began to pshcologicalize the workforce. Basically, the development of Fredrick W. Taylor (1856-1915) theory of scientific management marked the beginning of the managerial tradition in organization theory, which in my opinion is simply diversity in business ethics (Milakovich & Gordon, 2009). What most don’t realize is that Taylorism views towards the diversity of
Diversity within an organization is a blending of people from various cultural, religious and ethnic backgrounds. Diversity has challenged organizations to set realistic goals for its leaders as well as its employees. The organization must look at the moral, ethical and social responsibilities it has toward its employees and understand their legal obligations set by laws. It is important for
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.
Three general principles will guide the move towards sustainability. Firms and industries must become more efficient in using natural resources; they should model their entire production process on biological processes; and they should emphasize the production of services rather than products. Versions of the first principle, sometimes called eco- efficiency, have long been a part of the environmental movement. "Doing more with less" has
Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.
a. Diversity is an ethical imperative for any organization; it is “A major local, national, and international challenge and an opportunity for every human being if we are to live in a peaceful and healthy world”. As a leading organization in the Healthcare industry, “The twenty-first century managers know that managing diversity is a key fundamental strategy to effectively manage employees to get results. Therefore, for the twenty-first century organization, the true sustainable advantages and a long-term competitive edge come from the success of each individual manager and employee within the organization” (Alexander, 2015 pg. 13). The case for diversity consists of diversity 's contribution to one or more of four factors. The four are, “increasing revenue or gross margin; enhancing compliance or reducing litigation risk; enhancing corporate goodwill (to become the "employer of choice);" and as part of tone at the top, when corporate leadership believes diversity is "the right thing to do." (Orenstein, 2005 pg. 22).
The barrier I have selected is the greenwashing mindset. According to the article in “The Business Roundtable Institute for Corporate Ethics”, “the greenwashing mindset—otherwise known as companies exaggerating trivial environmental changes to products, services, and processes—pervades many discussions of the environment. Characteristic of this mindset is the view that business could never act on values other than profit maximization, and that whenever a company engages in something that looks like it might be good for the environment, people should be deeply skeptical. In reality, this mindset asserts that the company is probably trying to make money, create a public relations smoke screen, avoid some future cost, or engage in other narrowly self-interested schemes.”
1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer
Diversity in the workplace affects a corporation’s social responsibility to the consumers and the employees. Social responsibility involves utilizing corporate assets with a financial and moral measure to enhance the relationships with key stakeholders and strengthen the company’s reputation (Bear, Rahman, and Post 2). A company with a diverse board of directors provides effective
The current focus on corporate culture in managerial theory, on character development in business ethics, and on the work/family relationship in
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 topic of diversity is an ever-growing discussion to encourage inclusion of different people, cultures, and backgrounds into the global marketplace. In my issue paper, I will explore the idea of diversity, its benefits, and how it can be included within key sectors of the business world. Diversity is an important factor to the business place that allows employees and customers to interact with companies that value their background as an essential part of their business plan company culture.
Business ethics and ethical practices have been focuses by many businesses in recent years. Business ethics can help the company to create and develop it workplace culture as well as to increase the productivity of employees. Due to the rapidly change and improvement of technologies, ethical practices within of the workplace have also been changed with the raising of new ethical issues. Many studies and researchers have indicated that it is very importance to identify and understand the impact of technologies advance on ethical practice of businesses. The main purpose of this essay is to conduct analysis and provide evidences that support this opinion.
“Ethics are norms or standards of behavior that guide moral and choices about our behavior and our relationship with others” (Cooper & Schindler, 2011, p.). When a business conducts a research, the business uses ethics to guarantee that no individual will be hurt or suffers from the consequences from the research. When a business is planning a research, some of the ethics a business must consider are to: protect the rights of the individual, follow the ethical standards, and to ensure that the information that is acquire is ethical. The purpose of the research is not to allow any type of physical harm, discomfort, pain, embarrassment, and the loss of privacy (Cooper & Schindler, 2011).
In this essay, I will discuss three sections of business among many which hold ethical issues. Those sections are advertising, product liability, and leadership ethics. Within the three sections, I will identify and briefly discuss three specific ethical issues. I will then choose one ethical issue and go into the detail about how ABC Widgets Inc. will implement a policy on how to avoid the ethical issue.
1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer