Ethical Business
A Code of Ethics Importance
Key areas of the company's code of conduct policies
Explain the key steps that the company should take to ensure that employees follow the code of conduct
Suggest three ways in which the restaurant can engage in socially responsive activities in the community within which it operates
A Code of Ethics Importance
A code of ethics is a necessary component for all companies that intend to do business in an ethical manner in general, and a detailed code of ethics that targets various aspects of operations can actually be used as a competitive advantage that serves as the basis of managerial decisions based on the specific set of objectives the company wishes to accomplish. Such a code forms the common framework used as the foundation of all business decisions (Barth, 2003).
Apart from keeping a company away from any suspicions with regards to its compliance requirements, a code of ethics helps in the creation of a cohesive understanding of the boundaries of expectations from within the company, but also sets standards that are applicable in the manner in which employees deal with external stakeholders. A company's legal standing, as well as its reputation, can also be protected to some degree by a formal and a well-communicated code of ethics in the eventuality of a breach of ethics either by the company or by an individual employee ("Corporate ethics: the business code of conduct for ethical employees," 2003). For this analysis, a discussion of the details relevant to a specific code of ethics with provided, which will be illustrated by the Cheesecake Factory.
Key areas of the company's code of conduct policies
The Business Financial Interests ethical code that is applicable to both...
Ethical Dilemma In the first scenario, the vice president of a beer company has been asked to organize a lobbying effort to reduce the drinking age to 18. From a strictly legal perspective, there is nothing wrong with this request. The company has the legal right to lobby government for legislative changes that it wants to see. Indeed, the Citizens United ruling expands the privilege of free speech in elections to
In such a case, moral code is not the only decision making tool (Harding, 2010). Many things come into play when one is confronted with an ethical dilemma. In this situation, the new officer would not want to go against his older and experienced officers. It would also not to be right to order for food freely when the restaurant is opened purposefully for business. The available choices build
Ethical dilemmas surrounding DNR (Do Not Resuscitate) orders Ethical dilemmas surrounding Do Not Resuscitate orders In carrying out their duties, health care givers face many ethical issues that sometimes affect their personal lives. These require that they make ethical decisions, which may affect them and their patients, as well. An example of a situation that puts the health care givers into an ethical dilemma is the application of the Do Not Resuscitate,
Ethical Dilemma I once worked as an office assistant at bank. Amongst other things, the office handled investments for clients. This business is fraught with ethical issues. In one situation, there was an employee - a stock broker -- who was pedaling to his clients a company in which he had an interest. This is considered to be unethical, because people who advise on investments are supposed to have a duty
4, para.2). Therefore, the presence of an underlying mental illness that did not render a defendant unable to appreciate that he was committing a crime or compel him to commit it, may still be sufficient to mitigate the crime. Furthermore, a lack of mental ability that does not rise to the level of mental retardation may be introduced to mitigate the crime. Therefore, the forensic psychologist needs to be able
This is an extraordinary ethical dilemma, historically speaking and thus reflected through the novel, because, from a utilitarian point-of-view, the action of allying with the Soviets during the Second World War is just: choosing the lesser of the evils to defeat the greatest evil manifesting itself at that time, the evil one is fighting. On the other hand, given the later implications, the evil force that the Soviet Union came
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now