Business Ethics magazine recently awarded the Chroma Technology Corporation, a Vermont-based manufacturer of high-tech optical lens products, the "Living Economy Award" as part of the 16th Annual Business Ethics Awards. The Living Economy Award is offered to the company that best exemplifies "the living economy with practices of employee ownership, fair wages, and environmental stewardship," (Business Ethics). One of the key reasons why Chroma earned the accolade was due to its unique official salary structure: no employee earns less than $37,500 and none more than $75,000; therefore, no upper-level management official makes more than twice as much as anyone on the shop floor. Chroma's unique salary structure in part reflects my vision of corporate business ethics and the values I would like to embody as a professional. There are other reasons why I admire Chroma's policies. They employ an egalitarian meeting format modeled after the Quakers; they ensure environmental sustainability and energy-efficiency in their plant; and the company is entirely owned by employees, who are not at risk of losing their jobs. Chroma therefore provides an optimal corporate role model for the development of a sound approach to business and financial ethics. My value system reflects the ideals that are exemplified by Chroma Technology as well as by individuals who I believe embody morality in action: obvious influenced include Mahatma Ghandi and Nelson Mandela. My personal code of ethics was developed over time in response to such diverse influences as my community, my family,...
For example, I also firmly believe in gender and racial equality in the workplace and elsewhere; prejudice, discrimination, and stereotyping should be discouraged and ideally, eliminated. I admire those companies that promote ethnic and cultural diversity within the workplace and those that boast women and people of color in positions of power. I have made a personal commitment to work only for those corporations that reflect this core value, as well as core values such as equitable pay structures and a dedication to promoting local and sustainable businesses. I would not want to work for a company that I knew had treated its workers unethically in any way and therefore I feel that company ethics can and do reflect personal ethics.
The stronger the market pressure for profit, the greater the pressure applied on their profit and care conscience decision. In their strongly competitive share market environment, survival depends or means the generation of larger profits in order to grow and resist takeovers. Those who can afford or choose to ignore their conscience succeed only at the expense of those who cannot or do not. There is no other way
Business Ethics Ethical issues and dilemmas have always been hitting the operational performance and sustainability of business organizations. They directly affect the way an organization formulates and implements its policies, operates as an active participant in the industry, and competes with other organizations for the sake of accomplishing its strategic objectives. Ethical issues may relate to the organization's social responsibility or corporate responsibility; both are vital for the organization to ensure
Business Ethics Focus on Merrill Lynch According to Laura Hartman and her co-writer, Joe Desjardins in the work entitled "Business Ethics: Decision Making for Personal Integrity & Social Responsibility" philosophical ethics may be clearly differentiated from theological ethics because theological ethics attempted to disseminate the well-being of an individual on a religious basis while the ethics of an individual's philosophy is such that provisions of justifications that can be applied to
D.). When a company deals with its purchasing in unethical ways, it cannot suppose its suppliers to be trustable associates and guarantee business continuity. If one doesn't align with something, they shouldn't expect others to do it either. This weakens the entire value chain making it less aggressive in the market. Hence it is important for both buyer and supplier to connect in ethical dealings in their transactions (Ethical Buying or
2). These are important issues because fire chiefs are routinely confronted with actual ethical dilemmas that involve conflicting or competing public and private values as well as corresponding conflicting professional responsibilities (Haraway & Kunselman, 2009). This point is also made by Pammer and Killian (2003) who cite the expanded responsibilities of both fire chiefs and line personnel in recent years. According to these authorities, "A successful fire chief today
Business Ethics "the High Cost of High-Tech Foods case" The cost of high-tech food continues to arouse debates over the ethical, moral, and practical impacts the foods have on the people, market, and economy. However, it is evident that the proponents and opponents of the motion do not seem to come to agreement as each holds their view right. The situation worsens due to the application of emotions in addressing the matter
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