Business Ethics: Baker Hughes Code Of Ethics

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Business Ethics WGU Task 2 November 28, 2013 Business Ethics I will be discussing ethical leadership and describing the importance it has within the company. I will present two organizational strategies to increase awareness for making ethical choices. I feel that these two ideas can help improve the way the company operates to increase the ethical decision making processes that the employees undertake. The first strategy I would like to see implemented would be to adopt a regulation stating that the toy company will start weighing attendance and efficiency more heavily as part of the employees merit reviews to base pay raises from. They will evaluate employee time management, punctuality, and dependability. This kind of review…show more content…
According to (Craighead, 2013, p. 2) “At Baker Hughes, we know that with global reach comes global responsibility. We take pride in our reputation for delivering high-quality products and services in a manner that never compromises our integrity or our standards of business conduct. R. C. Baker and Howard Hughes set the foundation more than a century ago with their groundbreaking innovations. Today, their legacy and our reputation depend on you—people who know that no amount of financial success is more important than doing what is right. Nothing should compromise our steadfast commitment to…show more content…
It is created using five basic elements from which it expands into great detail. The five elements are; Courage, Integrity, Teamwork, Performance, and Learning. I like the way their company has implemented these five base ideas to create the code of ethics from which they operate. They cover concern for employee practices and a healthy, safe environment. Protecting the company’s financial, communication, and interest assets are illustrated. The method the company will conduct and regulate competition, money laundering, antitrust laws, insider trading, and bribery are outlined. The company’s international trade and transaction policies are also included that involve anti-boycott laws, import and export controls, and economic sanctions. The code of ethics also incorporates a section on compliance and reporting to enforce the employees’ ability to comply by having every employee read and sign the code, explains protection from retaliation for reporting violations, provides resources, and questions and
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