However, in the true spirit of inquiry, we should evaluate whether or not the grandiose values and lists of acceptable behaviors outlined in codes of conduct -- like BP's -- will really have the effect of improving the morality of corporate policies. Unfortunately, corporate codes of ethics are not the same thing as a corporate culture, which cannot be artificially created no matter the best efforts of executives. We must return to our original definition of a code of ethics, which describes it as a management tool. In this sense, a corporate code of conduct is a tool used by corporate executives to advance certain policies and appearances, whether or not those values ever become integrated into the entire corporation. In order for a corporate code of ethics to be successful it must be fanatically pursued and enforced, with employees given no chance to violate its precepts. Otherwise, it simply becomes one more book of rules and guidelines that employees will dutifully file...
Unfortunately, most employees already know how they should act to be ethical within any corporation; they simply choose to act otherwise because they are motivated by other values that seem much more important such as ambition, greed, or egotism.
The housing market was already strong, but the elimination of practical reasons for validating lender information opened several doors very wide, each with an unpleasant surprise hidden behind it. First, because realtors earn their commissions based on sales and on the relative value of property, they have little incentive to disqualify bad risks of eventual mortgage default. Second, banks became equally unconcerned with the veracity and accuracy of the financial
There is nearly a constant influx of new technological developments in this industry as well, which only makes the task of staying current with them all the more challenging. The intent of this paper is to describe how Blizzard would be able to structure a Corporate Social Responsibility (CSR) program that would financially support programming courses for lower income children throughout inner cities and rural areas. The essence of
Ethics and CSR President Barack Obama White House Dear Mr. President: First, let me congratulate you on your recent stance regarding both the U.S. Budget and your healthcare package. Indeed, both of these issues speak to the reason for my letter today. In general, I am concerned that the 21st century, while certainly improving organizational opportunities at home and abroad through technology and globalization, have not been as robust within the area of business
Jet again this is one of the fundamental lessons of ethics, and that is when the balance of advantage leans too far to one side, unethical advantage occurs (Josephson, 2010). This was a tough lesson to learn for AIG as it was the catalyst of salary limits on the entire investment and financial services industry. Conclusion AIG shows what happens when a company loses track of their core business of service
Ethics Lapse Business Ethics Mattel: Five lessons learned from its ethical lapse In the 21st century globalized economy, it is not uncommon for companies to use outsourcing to keep costs under control. This is particularly true regarding relatively inexpensive products like children's toys. The Mattel Company, the maker of iconic childhood toys like Barbie and Hot Wheels, has outsourced major aspects of its operations to China as a cost-cutting effort. Mattel sells relatively
Corporate Social Responsibility and Environmental Ethics Abstract/Introduction -- No one can argue that the international business community is becoming more and more complex as a result of globalism. In turn, this complexity is driven by an increasing understanding of sustainability, going "green," and bringing ethical and moral philosophy into the business community. British Telecom, for instance, noted in 2007 that it had reduced its carbon footprint by 60% since 1996, setting
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