Friday, March 20, 2020

Introduction to Business Ethics essay

Introduction to Business Ethics essay Introduction to Business Ethics essay Introduction to Business Ethics essayQ.1. The organization considered in this question is the current educational institution. This organization has own culture. The core values of this culture are diligence, knowledge, professionalism and integrity. This culture has a positive influence on actions and decision-making, as it stimulates to share the values and to act ethically. Perhaps, if I had attended a different school or college, I would have become a different person with different ethical values. As for changing organizational culture, it would be beneficial to un-freeze it (prepare for change), make it more flexible in terms of environment changes and re-freeze (integrate flexibility into organizational culture).Q.2. The factors that point out at good ethical climate in the organization are ethical mission and vision, clearly formulated standards and procedures, the presence of audit programs, CSR activities, positive employee attitudes on public resources. The facts showing t he presence of the above-mentioned factors should be used for assessing a companys reputation. One firm that can be deemed ethical is Starbucks and a company with questionable values is Walmart. The decisions of both Walmart and Starbucks are both business-efficient, but Starbucks cares more about its employees and about communities, so the first impressions were accurate.Q.3. Setting the stage for the transition should start from building the values focused on environmental and social factors. Leaders should become role models and demonstrate appropriate behaviors (DesJardins, 2013), and the company should move in small steps towards the triple-bottom-line model. The reasons and the background for the change will relate to the companys impact on the society and the environment and the urgent need to make a positive impact.Q.4. An ethically effective culture is the one which is built on shared ethical values and where employees are empowered to implement these values in practice (De sJardins, 2013). Such approach will lead to profit improvement and long-term reputation enhancement for the organization.Q.7. It is necessary to create a mechanism of whistle-blowing. This mechanism should be anonymous and should be delivered to management. The mechanism should protect the reporting side and the rights of the accused persons as well (DesJardins, 2013). There would be a special account which any of employees could use to send a note to the management and report the issue; the management would consider the issue without informing any other parties and make a weighed decision (involving legal consultants and external experts if needed).Q.8. It is optimal to be an ethical leader and to act as a transformational leader. This image implies that the leader has strong ethical principles, demonstrates them in business and personal situations and acts as a role model. It is important to formulate a mission statement, a vision statement and a code of conduct (DesJardins, 2013) . The code of conduct will be based on ethical values and principles of the company. A compliance program will be created at once and will evolve in the process of development. Mission statement will be used as the major frame shaping the compliance requirements. There might be challenges related to establishing shared values and finding employees who share these values; the success will be the creation of an ethically efficient organization.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.