I chose to do my current event essay on Costco and the effect that their employees have on quality. Costco has a very simple and straight forward code of ethics and it involves key items that they focus on throughout their organization. 1. Obey the law 2. Take care of our members 3.
Coca-cola is also in partnership with the supplier of high-quality industrial maintenance, repair and maintenance products supplier. The helps in building collaboration and providing management focus. They also help in the evaluation of performance based on quality, cost and value, service and innovation and corporate responsibility. The key role of their partnership is improving service innovation, supply chain, communicating the values and the importance of responsible environment practices. Coca-Cola has more than 300 bottling partners.
1.Consumers they have to decide between enjoying Coca-Cola products and the problems Coca-Cola has brought to the farming community. Consumers would choose to boycott Coca-Cola drinks because the pleasure of drinking Coca-Cola’s products is much lower than the benefit of allowing farmers receive water to irrigate their crops to ensure food supply to the local population. To achieve the highest level of happiness, consumers would be rational enough to help so many more people just by switching to beverages of local brands. 2.The Indian government faces a dilemma of a huge reduction of tax revenue or water shortage in the country. They have to calculate the costs and benefits of shutting down Coca-Cola plants.
Despite all its CSR activities it continued to attract criticisms from all fronts, all its CSR activities were termed “Green washing” as an effort to improve the companies tarnished brand image. (Kaur & Aggarwal, 2012) The major areas of criticisms can be divided into three main areas: ♣ Water Shortage- Coca Cola has been regularly accused of depleting groundwater and causing water shortage for local communities. In 2002, protests erupted from locals in Kerala against Coca Cola’s exploitation of water resources. Their concerns were that the company’s operation had depleted ground water to such an extent that there was severe shortage of water for agriculture and consumption. Similar issues have been reported around other Coca Cola bottling plants such as the one at Varanasi where groundwater fell by 26 feet in five years.
It also requires moulding into a stronger networked organization that is more active and designed to achieve success in the global competitive marketplace. Coca-Cola as a pioneer, focuses on being a better learning organization, and enabling the best practices to get quickly implemented in real time for measurable results. Coca-Cola is keeping its growth track steady towards its 2020 vision by acquiring an adaptive culture, that is prepared to adjust to any obstruction or opportunity. Climate Change: The total amount of energy consumed by manufacturing sites of Coca-Cola has grown from 54.4 billion mega joules in 2004 to 63.2 billion mega joules in 2013. In 2013 the energy efficiency ratio however, was 0.43 mega joules per litre of product produced—a 20 percent improvement overall since 2004.
PEOPLE DEVELOPMENT: Recruiting, developing and gratifying talent is central to the value “Caring For Our People”. The future of Coca Cola Company as the successful and dynamic company is the dependent upon as equipping our employees to reach their full potential. EMPLOYEE ENGAGEMENT: Everything starts with our values only. They are the DNA of the company what makes men who we are. In 2011 we reinforced the commitment to being a value-led organisation and then undertook a project to clearly define these values and build a high –performance team committed for living them everyday, in everything we do.
Business Ethics Business ethics (also known as corporate ethics) relate to convention, standards and moral principles regarding what is right or wrong in specific situation. It comprises the principles, value and standards that guide behavior in the world of business. The American Heritage Dictionary defined the ethics as “The study of the general nature of morals and of specific moral choice;
: the finance section, this section looks after all of the company finance needs, so they have many subordinates to control which can be good if there is a good management team in place. Decision making is the most integral part for Coca-Cola, the executive committee makes both centralised decisions, the decision-making policy where authority resides at the top of
According to Charles Hill: “The most common ethical issues in international business involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations” (Hill, 2009). The contemporary customer is concerned about the policy of company in terms of attitude to the ecology and to employees. One of the reasons for such a position of customers can be named the globalization impact. In the world of cosmopolitism, growing number of population and mass production, people become more concerned about individualism and morality, as far as many issues contradicting those philosophical principles arise, especially, in corporate performance. Ethics of the modern corporations widely imply ethical system of Kantian philosophical study, which is based in the universal ideas of moral law.