MGT/498 ETHICS
Ethics
Judson Fry
MGT/498
Dr. Homayoun Jamasbi, Instructor
August 12, 2014
Ethics
Having strong ethics in business, which comprise integrity honesty, and equality play a significant role in the administration of a flourishing business as this role of a business process allows for a characterization in the differences between incorrect and correct principled conduct. Furthermore, having strong ethical standards help an organization in gaining a competitive advantage (Johnson, 2008), and it ensures that the workforce is following the established rules and code of conduct by the leaders of her or his organization. To increase the importance of strong ethical significance, this paper will clarify the principle character of ethics, sustainability, and social responsibility in relative to an organizations strategy. Furthermore, consideration will be given to the assortment of shareholders that control a business stratagem. Lastly, classification will be given to a company that practiced unethical behavior, social responsibility, and sustainability in their daily functions.
Ethics, Social Responsibility, and Sustainability Ethics, social responsibility, and sustainability are several factors that traditionally have an effect (either negative or positive) on the strategy of an organization’s. For example, a business’s ethical value can have an extensive influence on many levels an organization:
Public Image and credibility: image is how a business is viewed by the entities or people within their environment. A lack of credibility and trust can place distrust in distributors, consumers, and suppliers causing a business to lose possible resources, and profit.
Business Policies: This characteristic of a business implements procedures or policies concerning the endorsement of diversity and the deterrence of intolerance among the employees and consumers of a business. Ensuring an unbiased and diverse organization allows businesses to
Judson Fry
MGT/498
Dr. Homayoun Jamasbi, Instructor
August 12, 2014
Ethics
Having strong ethics in business, which comprise integrity honesty, and equality play a significant role in the administration of a flourishing business as this role of a business process allows for a characterization in the differences between incorrect and correct principled conduct. Furthermore, having strong ethical standards help an organization in gaining a competitive advantage (Johnson, 2008), and it ensures that the workforce is following the established rules and code of conduct by the leaders of her or his organization. To increase the importance of strong ethical significance, this paper will clarify the principle character of ethics, sustainability, and social responsibility in relative to an organizations strategy. Furthermore, consideration will be given to the assortment of shareholders that control a business stratagem. Lastly, classification will be given to a company that practiced unethical behavior, social responsibility, and sustainability in their daily functions.
Ethics, Social Responsibility, and Sustainability Ethics, social responsibility, and sustainability are several factors that traditionally have an effect (either negative or positive) on the strategy of an organization’s. For example, a business’s ethical value can have an extensive influence on many levels an organization:
Public Image and credibility: image is how a business is viewed by the entities or people within their environment. A lack of credibility and trust can place distrust in distributors, consumers, and suppliers causing a business to lose possible resources, and profit.
Business Policies: This characteristic of a business implements procedures or policies concerning the endorsement of diversity and the deterrence of intolerance among the employees and consumers of a business. Ensuring an unbiased and diverse organization allows businesses to
References: Bansal, T., & Laughland, P. (2011). The top ten reasons businesses aren’t more sustainable. Retrieved October 28, 2012 from, http://www.iveybusinessjournal.com/topics/social-responsibility/the-top-ten-reasons-why-businesses-aren%E2%80%99t-more-sustainable#.UI2T8WcXu2V Hopkins, M. (2011). Definition of corporate responsibility. Retrieved October 28, 2012 from, http://mhcinternational.com/articles/definition-of-csr Johnson, A. (2008, March, 2). Practicing good ethics gives competitive advantage. Retrieved October 28, 2012 from, http://www.bizjournals.com/denver/stories/2008/03/03/smallb6.html?page=all Loidice, B. (2010). 10 companies with social responsibility at the core. Retrieved October 28, 2012 from, http://adage.com/article/cmo-strategy/10-companies-social-responsibility-core/143323/ Monsanto - World 's Most Unethical and Harmful Investment. (2014). Retrieved from http://www.ethicalinvesting.com/monsanto/terminator.shtml Wheelen, T. L., & Hunger, J. D. (2010). Concepts in strategic management and business policy: Achieving sustainability (12th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.