The first step for a business to be ethically and social responsible is by establishing attainable goals and social responsibility tasks for the company. The top-level management should ensure that the goals they set for the business are measureable and all the actions are leading towards the right paths (Rampton, 2017). To become a more ethical business, a company should enforce code of conduct. A company’s values, ethics, objective and responsibilities can be show through codes of conduct. It also acts as a guideline and rules for all the employees to follow while performing their respective tasks (Magloff, n.d.). A cohesive understanding within the company can be create through code of conduct. There are two codes of ethics, which are …show more content…
Top-level management’s members hold the responsibilities to conduct ethical training programs. Ethics training is important since employees’ behaviours will reflect ultimately on the business. It also helps employees to identify their ethical thoughts and issues of their decisions and strengthen ethical standards in daily life (Mann, 2017). A company should customize trainings that employees can relate and connect with when they encounter specific situations. Different roles and different departments’ employees carry out different tasks so a general training is not enough to cater the needs of the whole company. It might be costly but worth it. Besides, employees in the companies have to be assisted in facing all possible issues especially ethical dilemma. Employees need to be aware of the problems they will face in their job. For example, a front line worker need to understand all the decisions and reasons made by the top-level management of the company in order to answer customers’ inquiries effectively. They also need to know how to choose between two or more ethically responsible courses of actions while each of it leads to a different outcome. Companies shall provide more information while leading the employees to choose the best decision that is beneficial to the company. This may make the …show more content…
This can be explained by if a company has carried out social responsibility programs it helps the company to build up its image, reputation and even can increase its competitiveness. By implement social responsibility programs, a company can win employees, customers and society’s trust and respect. According to “Carroll’s CSR Pyramid”, the first level is economic responsibilities, the second level is legal responsibilities, the third level ethical responsibilities and the top level is philanthropic responsibilities. It means that the main goal of the company is earning profits, the second level is obeying the law, the third level is being ethical and the top level is being a good corporate citizen (Dudovskiy, 2012). One of the ways to show social responsibility of a company is through philanthropy. A company can set up a donation box or engage in a fundraising event to make their company more socially conscious. Carlsberg is a good example of doing business ethically because although their main goal is being profitable that is to be the fastest growing global brewer but they also concerned about social well-being. They invested a lot of money and time in community activities for example in education and sports field to return to society They involved in social responsibility programs not only by helping the society but also raises its business values and benefits for their
One of the best ways to communicate organizational ethics is by training employees on company standards. One example of organizational ethics is the uniform treatment of all employees. Both large and small
Businesses should have a code of ethical conduct for the employees of the company to follow to ensure their activities are in compliance with their standards and any laws that need to be followed. There are key areas of the businesses code of conduct that are of significant importance to the business. There are steps the business can take to help ensure their employees follow the code of conduct. There are ways the restaurant can engage in socially responsive activities within the community. Chipotle has become more popular in the recent years and being in the news for being more like a casual restaurant but at the speed of fast food.
It is important to evaluate the organizational environment in different situation and it focus more on ethical awareness. People should recognize the ethical elements that they see. Find out what effects on their thoughts, behaviors even in ethical dilemma
Modern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
The implementation and education of the ethical decision-making model promote moral awareness and company values that can mitigate ethical dilemmas to an extent. The aftermath was devastating for Wells Fargo not just economically but for its image. The corporation can introduce this model in training courses for new hires and current employees. Also ensuring management comprehends the prominence of ethical decisions and are aware that they are the wheels of the car, therefore, lead by example. If the corporation initially had prioritized ethical values and decision-making evaluations at every level of the business, this scandal could have been prevented at least its magnitude.
The selected corporation is Volkswagen (VW), a German car manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Established in 1937, Volkswagen is the top-selling and namesake marque of the Volkswagen Group, the holding company created in 1975 for the growing company, and is now the second-largest automaker in the world (Wikipedia, 2016). Volkswagen’s corporate website is http://www.vw.com/. According to the International Ethical Business Registry, there has been a dramatic increase in the ethical expectations of businesses and professions over the past ten years. Increasingly, customers, clients and employees are deliberately seeking out those who define the basic ground rules of their operations on a daily basis.
1) Evaluate how Nestlé 's approach to corporate responsibility was good for their business. Corporate businesses generally have to meet ethical, legal, commercial and public expectations. That is what is expected of the business world today. This is known as the Corporate Social Responsibility (CSR). However, businesses with short-term goal will rarely practice CSR since practicing it does not bring any benefit.
Davis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
As a result, the corporate players, practitioners, and scholars in the ethical field have helped to shape, and communicate ethical behavior at the work place (Terris, 2005, p.48). Mechanisms such as punishment and reward systems have been historically used to inspire ethical behavior, and acceptable group behavior norms amongst employees at the work place (Mayer et al., 2012). In the event that unethical behaviors become part of an organization’s group norms, a successive sequence of ethical problems is likely to follow. This arises from the fact that employees in the organization will lack insightful directive from their leaders, and therefore pursue the unethical behavior without fear of reprimand. Importantly, the organization has to continually consider coming up with long-term ethical solutions to such oversights to keep employees from engaging in unethical
“Ethics”, in an organizational context, comprises a set of behavioral standards, expressed as norms, principles, procedural guides, or rules of behavior, defining what is appropriate (right) and inappropriate(wrong). Grounded in a system of values and moral principles, these behavioral
This statement is supported by Bennett (2014) wherein ethics clearly defines what is the right and wrong things and shapes what kind of behavior the business should act on. For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad.
This also evident from above discussion that ethical leadership is also crucial in developing the ethical culture within an organization. The employee performance can also incredibly increased by ethical and moral behavior in a workplace that practice good ethics. Finally, the overall performance of an organization in term of its financial outcomes is also benefited from the ethic practice. The case study of L’Oreal also provides a good example of all
• Ethical Responsibilities Even though economical and legal responsibilities exemplify about fairness and justice, ethical responsibilities cover those activities and practices that are expected or prohibited by members of society even though they are not codified in law. Ethical responsibilities represent those norms, standards or expectations that reflect a jest of what employees, consumers and shareholders regard as just, fair or in keeping the protection or respect of stakeholders’ moral rights. They are important to perform in a manner consistent with expectations of societal and ethical norms. The firms should recognize and respect the ethical moral norms adopted by society from time to time.
Employees need to constantly be reminded on the company’s code of ethics and make sure that they meet the standards that the company
Basically, ethics are at their essence which is it is the moral judgments about what is right and what is wrong. Business ethics is focusing on examine the policies and conduct within the context of commercial enterprise in an organizational as well as in an individual level. In business, the ethics in business is an applied ethics where professionals and researchers use principles and theories to solve any ethical problems that exist in business. At the quarter of the 20th century, as technologies like internet have made world business or international business all more viable, the business ethics domestically have grown in importance along with the power and significance of major businesses. So that, international business ethics take center stage as a major concern of the modern era.