AT&T STANDARDS AND Business
Global business environment is an environment within different sovereign countries and exogenous factors to the home of an organization influence the process of making decisions when it comes to the use of resources and capabilities. These include political, social, economic, legal, cultural, tax, regulatory and technological environments.
Global business environment is an environment within different sovereign countries whereby factors that are exogenous to the home environment of a particular organization have an influence on the process of making decisions when it comes to the use of resources and capabilities. These include political, social, economic, legal, cultural, tax, regulatory and technological environments.
Challenges to global business environment
Unethical business practices,
Failure to embrace technology advancements.
Stiff competition among the businesses.
Unethical business practices exist due to the lack of established ethical code of conduct within an organization
There are serious challenges on the global business environment which are mostly attributed to unethical business practices, failure to embrace technology advancements and stiff competition among the businesses. Unethical business practices exist due to the lack of established ethical code of conduct within an organization. This presentation will examine code of ethical conduct of companies in the same industry as one company that will be highlighted here.
AT&T Inc.
Multinational telecommunication company
Headquarters in Dallas, Texas.
Second largest mobile telephony provider
Largest fixed telephony provider in U.S..
Provides broadband subscription.
2014 it has been ranked as the largest mobile telecom operator in the whole world with over 107.9 million customers
AT&T Inc. is a multinational telecommunication company based in America whose headquarters are in Whitacre Tower in downtown Dallas, Texas. This is the second largest mobile telephony provider as well as the largest fixed telephony provider within the United States at the same time it also provides broadband subscription television services. By may 2013 AT&T was ranked as the 21st largest company in the entire world by its market value, and the 13th largest non-oil company. By 2014 it has been ranked as the largest mobile telecom operator in the whole world with over 107.9 million customers ( AT&T Intellectual Property, 2014).
Crucial Ethical code of conduct
Ethical handling of apparent or actual conflicts of interest between professional and personnel relationships.
Conflict of interest arises when an employee takes actions which make it difficult for them to perform effectively & objectively.
Fidelity/service are not subordinate to an individual's personal gain.
Key issues in the ethical code of conduct document
There are three key issues I believe are critical for the success of AT&T. These include honest and ethical conduct, conflict of interest and compliance.
Honest and ethical conduct
Every officer, director and employee of AT&T is expected to act with integrity which requires them to be ethical and honest. This involves ethical handling of apparent or actual conflicts of interest between professional and personnel relationships. Any form of deceit and subordination of this principle goes against integrity.
Conflict of interest
Conflicts of interest come up when the personal interest of a person interfere with the interest of the organization. A conflict of interest can arise when an officer, director or employee takes actions or personal interest which can make it difficult for them to perform in the company effectively and objectively.it is the policy of AT&T that fidelity or service are not supposed to be subordinate or dependent on an individual's personal gain .therefore the company advocates for avoidance of conflict of interest.
Policy of compliance to applicable laws.
Personal responsibility of each employee to comply and uphold rules.
Compliance
The company has a policy of complying with the applicable laws, regulations and rules that are set. It is therefore the personal responsibility of every employee, officer and director to uphold the standards and restrictions that have been imposed by the rules, laws and regulations when it comes to performing their duties for the company.
Chunghwa Telecom Co. Ltd.
The directors, managers and employees of the company are expected to act according to the ethics and carry out their duties in an honest manner.
Against any conflict of interest arising from directors/managers/employees.
Business activities subject to laws of U.S. & subject to examinations & other forms of regulatory supervision
Comparison with companies in same industry
When taking the above key issues as a benchmark for other companies in the same industry as AT&T we can see that these issues appear in their ethical code of conduct. Our focus here will be a comparison of the code of ethics of Chunghwa Telecom Co., Ltd. which is in the same industry as AT&T. when it comes to honesty and ethics the directors, managers and employees of the company are expected to act according to the ethics and carry out their duties in an honest manner. When it comes to avoiding of...
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