Through their products and their beliefs nationwide, PepsiCo is committed to ethical behavior and compliance. Role of Ethics and Compliance PepsiCo has always been a leader with purpose and their financial performance strikes a fine balance between short term and long term investments in acquisitions, research and development (R&D) along with the emerging markets overseas. PepsiCo operates according to strict standards and holding people accountable all in an effort to deliver the growth while everyone who shares in the vision of building a stronger performing company financially for its shareholders. According to the Chairman and Chief Executive Officer of PepsiCo, Indra Noovi (2010) she stated PepsiCo, remains committed to delivering top-tier financial returns. But we went a step further.
Zwahlen’s decision is also consistent with Veillon’s corporate values, objectives and strategy. Veillon is a company that is actively involved with its community and supports the environment and values the importance of its customers. If Zwahlen did not cut ties with the uncooperative suppliers, he would not know if any of the products he purchased were made by children. Transparency is important, as Meylan stated “it is extremely difficult to check out how carpets are manufactured1”. Without transparency Zwahlen cannot confirm the working conditions of the employees of his dealers and manufactures.
On the other hand, opponents of CSR such as capitalist Milton Friedman would argue that a firm’s duty is to its shareholders and as such is bound by fiduciary obligations to fulfilling shareholder interests—namely profit maximization. That is not to say ethics have no place in the business world. As implied in the above quote, Friedman framed the role of ethics in business as a code of conduct to be used in the pursuit of maximum profit—companies should seek to make profits but in an ethical way. In the case of Merck Pharmaceuticals, the ethical dilemma of CSR presents itself in the development and donation of a drug that would cure a disease called River Blindness. For the cost of 200 million dollars and 12 years of development time, Merck would be able to develop a drug
INTRODUCTION This case is about the unethical decisions and activities that are instructed by Phil Bailey, supervisor of Empress Luxury Line. The case also describes the ethical decision that is taken by Kevin and his refusal to follow an unethical decision of his supervisor Phil Bailey by denying making fraud with the insurance adjustor. This report will highlight the ethical dilemma faced by Antonio during following unethical orders of his superiors. Additionally, from the point of view of Antonio suitable and effective strategy will be also suggested that will be beneficial for the organization and for the employees without compromising their ethics. 1) Analyze the ethical dilemma faced by Antonio In the case, when Phil Bailey told to Kevin to charge high amount of money over the insurance company for the damage of wires and computer circuits, Kevin disagreed to do this unethical activity due to having high morality and standards.
Case Study Analysis of Personal and Organizational Ethics and Values between For-Profit and Not-for-profit Organizations Ashford University July 2012 This case study will show that no matter if you have Not-for-profit and For-Profit organization, you will have problems. It will show problems that come from society, economy, and general day to day operations. Good ethics should be a part of any type of business whether it is a Not-for-profit or a For-profit organization. Ethics are only going to be as strong in a business as the integrity of the board is. The cost of what is needed to carry out business on a daily operation rises every year.
For instance as alcoholism can be a major problem at work, some companies provide someone as an advocate and counsel. These counselors can work with them to modify behavior and reduce alcohol related incidents and further harm to their self on the job and in their personal life. That is something prohibition policies cannot do for an individual person. The proponents of zero tolerance see the alcoholic epidemic as a disease and therefore cannot allow continued usage if the person is to be treated and recover. It is not looked at as merely a social or health issue.
Just as important as having this quality is effectively communicating the MVVs to the rest of the company. “Through the strategic planning process and communication, senior leaders have clearly defined the mission, vision, values and strategic priorities to the workforce, customers, partners, stakeholders and key suppliers as part of our culture.” (NIST, ND). Irving has also displayed good leadership qualities in the following ways: promoting Legal and Ethical Behavior; creating a sustainable organization; creating an environment for accomplishing the mission and strategic objectives; focusing on action; focusing on creating value for customers and stakeholders; fiscal accountability;
They create a vision, using people in the organization. Transformational leaders are generally energetic, enthusiastic, and passionate. This type of leader is concerned with being a part of the process and is also interested in helping every member of the group succeed (Cherry, 2013). Jack Welch is a great example of a transformational leader because he created a change driven environment. He expected the best from each one of his employees.
When analyzing Anglo-American and Primark for this case study. These two organizations provide excellent examples and strategies on how to practice a strong ethical business behaviors. These companies' executives invested ample time and money on promoting an acceptable ethical behaviors for their organizations. Even
DVR Tutorial Question 2 Case Study : Taking Responsibility – Union Carbide and Bhopal disaster 1) Does the corporation owe its first loyalty and moral responsibility to the financial interests of its owners or the local community and its employees who are affected by its operations ? The corporation does owe a bit of its responsibility to the financial interests of its owners but it owes its first loyalty to the local community and its employees . This was not shown because Union Carbide US didn’t want to take responsibility . In seeking to assign responsibility for the incident ,pressure from the corporate office to stop losses backed Union Carbide India into a corner that led to the cost-cutting proposal to slack off on safety measures that ultimately produced the disaster. As Milton Friedman said, the social responsibility of a business is to increase profits, then Union Carbide Corporation’s decision to approve the cost-cutting plan seems appropriate and acceptable.