Abstract In this essay is to discuss Business Ethics and Corporate Social Responsibility (CSR) by using Anglo-American and Primark as examples. Both companies have a strict policies on ethical behavior which can be used as a catalyst in how to conduct business ethically. Some of the key things I will emphasize what is meant by ethical business. Then I will analyze is how Anglo American and Primark apply ethics into their business. Moreover, The costs and benefits to an organization when they behave ethically.
Ethical Issues in Organizational Business Robert A. Lanese BUS610: Organizational Behavior Dr. Prakash Menon November 18, 2010 Ethical Issues in Organizational Business The main focus of this paper is to determine why ethical issues are of a major concern in organizations, what individual influences impact ethical behavior, and how can organizations influence ethical behavior in employees? “Ethics, also known as moral philosophy, is a branch of philosophy that addresses questions about morality-that is, concepts such as good and evil, right and wrong, virtue and vice, etc.” (www.wikipedia.org). I personally believe that ethical issues are of major concern within a business organization because it is ethics which help define and drive a company. For example, the collapse of Enron was a result of huge losses being placed within fake companies. Enron is a prime example of how the temptation of greed and the actions of irresponsible behavior can grow and spread like an infection from a corporate boardroom.
Ethics Reflection Paper Name Strategic Planning & Implementation/581 Date Instructor’s Name Ethics Reflection Paper Ethics are the principles, values, and beliefs that provide a basic framework that businesses may choose to follow to set standards for what is right and wrong behavior in the workplace (Pearce & Robinson, 2011). Ethics is the means of deciding a course of action. According to Pearce and Robinson (2011), “ethical standards reflect not a universally accepted code, but rather the end product of a process of defining and clarifying the nature and content of human interaction.” Corporate social responsibility (CSR) embraces a company’s ethical policies to encourage employees to reach out to the community, including stakeholders with a positive impact to protect the company’s assets as well as promote a healthy secure work environment. Personal ethical standards help contribute to the decision and behavior of an organization to develop a strategic plan. The purpose of this paper is to explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and explain how my ethical perspective has evolved throughout the masters program at University of Phoenix.
Last, the article will evaluate ethics in an academic setting, principally concerning academic integrity and the code of conduct. Trustworthiness, Ethical Stewardship in Leadership Comparing and Contrasting Approaches The problem is the investigation of the association linking leadership, ethical stewardship, and trustworthiness in a corporation. Perceiving the correlation of these essentials factors is critical to the accommodating new and different trends in company’s culture and stakeholders’ needs in the global industry. Researchers and theorists agree company leaders need to establish ethical stewardship, and trustworthiness to develop a strong leader and follower relationship. Woods and Winston suggest that, “Leaders earn the trust and followership of others by being trustworthy and accountable by virtue of honoring their duties to others; leaders demonstrate their commitment to the covenantal
Scholars and practitioners have increasingly acknowledged the gap of trust between leaders and followers, which undermine employees’ commitment, impair wealth creation, and create increased transaction costs in organizations throughout the world (Caldwell et al., 2010). This indicates that leadership of a company needs to ensure that they develop an organizational culture that uses ethical stewardship to develop a sense of corporate trustworthiness among its various stakeholders so that it can enhance its sustainability in a highly competitive market. Leadership Behavior According to Gini (1998), ethical leaders are leaders who use their social power in their decisions, their own actions, and their influence on others in such a way that they act in the best interest of followers and not enact harm upon them by respecting the rights of all parties. Rather than focusing on the intent or motivation of ethical
McBride will need to ensure that changes are made, compliance is researched and built-in the strategic plan, and the shareholders will be satisfied with the new MFSI. Situation Analysis Issue and Opportunity Identification The first issue facing MFSI is the need to implement a strategic plan to ensure that the company is complying with all the corporate governance bylaws. MFSI has the opportunity to turn the company around and make sure that they are applying all regulations with honesty and integrity, thus letting their customers trust the way they conduct business. MFSI also faces the issue of a lack of ethical compliance. MFSI has the opportunity to attract more companies
Because earning management allows managers to reach their desired outcomes by influencing firm’s financial statements. According to Graham, Harvey and Rajgopal (2005), it is acceptable for senior mangers to use earning management so that they can provide positive and steady earning growth for the firm. In addition, the reputation of a CFO or CEO depends on whether the company they manage has a good prediction of future earnings. The labor market will regard a CFO as a “managerial failure” if the CFO perceive inability to reach the earnings target. In this case, the managers were encouraged to do their best and spend whether it was necessary to bring revenue.
The ethics section is followed by an analysis of the emerging field of corporate social responsibility (CSR) accounting and auditing, an area that might provide answers for companies with challenges similar to those Nike encountered. ETHICAL CONSIDERATIONS When Nike began using traditional advertising methods to broadcast its production practices in response to activist criticism, it began to tread an ethically challenging path. Traditional advertising ethics are insufficient when applied to corporate social responsibility disclosure because the role of “company” intertwines with the role of “citizen,” which is held to a higher ethical standard. Corporate citizens are companies acting in behalf of a social interest, which may or may not affect revenues. These socially beneficial actions raise the ethical standard for such companies because of purportedly
Leadership, Trustworthiness, and Ethical Stewardship Evelyn T. Robinson MGT7019-8 12/30/2012 Mentor Jane Ross Leadership, Trustworthiness, and Ethical Stewardship The problem to be investigated is: should leadership be based on trustworthiness and ethical stewardship? The Theoretical foundations and hypocrisies of ethical stewardship are trace to a code of professional laws laid down by professional scholars or executives of the corporation. Caldwell and Karri (2005, pp. 254) framed the role of the steward as an “integrator of shared interests” with a responsibility to help the organization and its members of self-actualize. Caldwell et al.
Thus, if an entity has a “stake” in a corporation, managers are more likely to view that stake as legitimate. The second reason for using the word “stakeholder” is that it deliberately sounds like the word “stockholder” (or “shareholder”) which is meant to create a sense that both terms are equal and to be taken seriously in the same way (Newton & Ford, 2007). Stakeholder Theory Stakeholder theory has been identified by scholars as a prime conceptual framework for reviewing Corporate Social Responsibility (CSR) (Jamali & Mirshak, 2007) and managerial responsibility impacting a corporation and societal well-being (Donaldson & Preston, 1995). A review of the literature pertinent to the relationship between CSR and stakeholder theory