Business Ethics An Organization s Long Term Success And...

Business Ethics is the application of principles and values organizations utilize to govern their activities and decisions. The ethical philosophy an organization adopts, to conduct business can affect their reputation, productivity, and bottom line. Implementing and abiding by a code of ethics is integral to an organization’s long term success and stability (Kelchner). Business ethics originates back to Plato and Aristotle, when their political discussions of justice formed the basic notion of ethics in commercial transactions. During the 1970’s the term â€Å"business ethics† came into common use in the United States by the media to report scandalous behaviors by organizations. Subsequently, this term has been adopted world-wide but is broadly interpreted among different countries (De George). Many aspects play a role in the success of an organization. Profitability is one of the most important aspects of an organization, and to gain and maintain profitab ility, other factors must be considered. Among these factors is the code of ethics an organization abides by. This code ensures that leaders and employees conduct business with integrity. Luanne Kelchner summarized her belief in the importance of implementing a code of ethics by saying: The code of ethics leaders use determines discipline procedures and the acceptable behavior for all workers in an organization. When leaders have high ethical standards, it encourages workers in the organization to meet that sameShow MoreRelatedEnvironmental Scanning Porters Five Forces in Business1132 Words   |  5 Pagesenvironmental scanning for a business organization. Question 2 Word Limit : 1000 words Conduct a detailed SWOT and Five Forces analysis for a business organization that you are familiar with in about 1000 words. Importance of Conducting Environmental Scanning for a Business Organization The success of certain organizations depend on the environment in which it s operations are conducted in. The success of the organization then depends on the dependencyRead MoreStarbucks Standards of Ethics and Compliance1647 Words   |  7 PagesEthics and Compliance Starbucks is a large organization that upholds many standards when it comes to their financial environment. Upholding ethical standards within a business is important if a business wants to become successful and maintains their credibility, Starbucks does not just operate on one ethical standard but eight different ones. They are all different sources that are used for different reason within the company. Starbucks has two specific organization standards they go by that dealRead MoreRole And Importance Of Marketing Essay903 Words   |  4 Pages (Q1) †¢ Role and Importance of marketing An organization which undertakes proper marketing strategies can become famous not only in the home markets but also in the export market. For example, Sony, Coca-Cola, Pepsi etc. Proper marketing help to enhance company’s reputation. Proper marketing ensures a company for optimum production. Organization at greatest risk are those that fail to carefully monitor their customers and competitors and not done their marketing campaign properly. So marketingRead MoreManagement Theory and Practice: Reading Assessment1519 Words   |  7 Pagesmanagers do, consisting of 10 different but highly interrelated roles. A) Henri Fayol B) Abraham Maslow C) Henry Mintzberg D) Peter Drucker 10) The ________ roles involve collecting, receiving, and disseminating information, according to Mintzberg s managerial roles. A) interpersonal B) informational C) technical D) decisional 11) Robert L. Katz proposed ________. A) three critical managing skills B) ten critical managing roles C) five traditional management functions D) six traditionalRead MoreWorldcom Case Study1535 Words   |  7 PagesWorldCom Case Study: Lack of Leadership, Lack of Ethics Emily Fearnow ORG 500- Foundations of Effective Management Colorado State University – Global Campus Dr. Cheryl Lentz May 15, 2011 WorldCom Case Study: Lack of Leadership, Lack of Ethics A multitude of choices made by executives at WorldCom led to the ultimate demise of the company as it was previously known, the employees and their livelihoods’, and the trust of the American people. In a time when corporationsRead MoreLeadership Models And Organizational Culture885 Words   |  4 Pagesdemonstrate a commitment to behaving in an ethical manner are viewed as trustworthy and subordinates gravitate toward them. Ethical leaders have a foundational belief in honesty and trustworthiness and disseminating these principles throughout the organization. This paper will present ethical leadership models as tools for merging diverse cultures into the existing organizational culture. An overview of which leadership models, styles, and traits are most commonly accepted as ethical across the greatestRead MoreThe World Of Business And Politics1496 Words   |  6 PagesThe world of business and politics uses leader traits and behaviors, and takes a first step toward an integrative theory of how leader traits and behaviors influence leadership effectiveness. There are processes to accomplish this, which are followed by a three-stage process. First, based on a narrative review of the literature, a conceptual model is developed that organizes the current literature and models how leader traits and behaviors affect leadership effectiveness. Second, the relative validityRead MoreLennar Corporation Case Study1395 Words   |  6 Pagesvolume increased dramatically. This paper discusses Corporate Social Responsibility (CSR) in the context of business ethics, a S.W.O.T. analysis and P.E.S.T.E.L. analysis of the Lennar Corporation, possible solution(s) to improve Lennar’s behavior relative to CSR and business ethics to regain the public trust. Key issues: Facing numerous problems such as fraudulent trading, improper ethics, and indiscrete (environmental pollution) construction practices.   Lennar was embarked down a path of destructionRead MoreOrganizational Behavior1653 Words   |  7 PagesManagement of Innovation: TransAct Insurance Corporation Case Study | Prepared for: MGT1000-Term Assignment Submitted: 28 September 2011 Prepared by: 1. Introduction: TransAct Insurance Corporation Case Study â€Å"Change is the only constant said Heraclitus, Greek philosopher† (Change Management Training, 2011). This is main challenge that every business faces when they become aware of the need for improvement. TransAct Insurance Corporation (TIC) providesRead MoreWalmarts Ethics or Lack of and Employee Dissatisfaction1252 Words   |  5 Pagesto thwart unionization – as long as the closure is permanent. Wal-Mart cancelled its long-term lease of the building it occupied in Jonquià ¨re, eliminating any possibility that the store will reopen (Bianco, 2006). These practices are evidence of a company who has no utter respect for its employees’ rights or wellbeing. Wal-Mart has developed their own culture within their organization. Stability is provided by a strong organization culture. It’s not for all organizations, it can be a major barrier