GE and the Pros and Cons of Ethical Code
GE and the Pros and Cons of Ethical Code
Abstract
What do we mean when we say business ethics? In this paper we discuss the business ethics and the pros and cons of implementation and compliance. Looking at one of the most successful companies in the world, we have found that a “Code of Ethics” has multiple roles when considering the ramifications of following or not following those codes. General Electric is looked upon as one of the largest corporate governing companies in the world and that by implementing a good code of ethics, and following them, can play a vital role in the success of GE. Whether in the US or conducting business abroad we look at the way a corporate code of ethics can affect each sector in its own ways. Considering the implication of corporate ethics, it is important to see the pros and cons of one company and learn from, not only the good, bad the unethical practices and avoid making the same mistakes.
GE and the Pros and Cons of Ethical Code
Beliefs, morals, virtue, and ethics; what is it that drives us in the way we run our personnel and professional lives? Where do this measure in the way we run a business? In this paper we will discuss the ways these traits influence our direction in which one company has looked at different ethical issues and some examples of how to implement such a code. We are going to dive into some of General Electric’s ethical decision making and the pros and cons of those decisions, but also in business in general as well. When I asked a group of colleagues from different levels of my company, I saw that there were many different opinions on how to handle certain situations and you will see this throughout the selected cases of GE. Using a written code of ethics in business can help companies develop a positive perception with consumers. The ability to educate consumers on how the company chooses to operate can go a long way in creating customer goodwill.
Abstract
What do we mean when we say business ethics? In this paper we discuss the business ethics and the pros and cons of implementation and compliance. Looking at one of the most successful companies in the world, we have found that a “Code of Ethics” has multiple roles when considering the ramifications of following or not following those codes. General Electric is looked upon as one of the largest corporate governing companies in the world and that by implementing a good code of ethics, and following them, can play a vital role in the success of GE. Whether in the US or conducting business abroad we look at the way a corporate code of ethics can affect each sector in its own ways. Considering the implication of corporate ethics, it is important to see the pros and cons of one company and learn from, not only the good, bad the unethical practices and avoid making the same mistakes.
GE and the Pros and Cons of Ethical Code
Beliefs, morals, virtue, and ethics; what is it that drives us in the way we run our personnel and professional lives? Where do this measure in the way we run a business? In this paper we will discuss the ways these traits influence our direction in which one company has looked at different ethical issues and some examples of how to implement such a code. We are going to dive into some of General Electric’s ethical decision making and the pros and cons of those decisions, but also in business in general as well. When I asked a group of colleagues from different levels of my company, I saw that there were many different opinions on how to handle certain situations and you will see this throughout the selected cases of GE. Using a written code of ethics in business can help companies develop a positive perception with consumers. The ability to educate consumers on how the company chooses to operate can go a long way in creating customer goodwill.