` In the discussion case: Alcoa’s Core Values in Practice I would classify the ethical work climate as principle (integrity approach). Alcoa expected personal morality from their workers, the rules and procedures with to be followed by the organizations, and laws and professional codes were to be followed in society. I would classify Alcoa’s ethical work climate one of high standards. It is a global company with global ethics installed in 200 different locations in 31 countries on six different continents with 61,000 dedicated employees (www.alcoa.com). In 1985, Fred Fetterolf, then president, decided the company needed to document the values that all employees must live by: Integrity, environment, health, and safety; Customer; Accountability; Excellence; People; and Profitability (Lawrence & Weber, 2011, pg.129).
It applies in all areas of life not only in the corporate world. So, rules and regulations that govern you as a person have to be adhered to. Professionalism is the skill, judgment power, and polite behavior, maintaining the ethics that is expected from a person who is trained to do a job well. Professional behavior means the way a person treat his/her job, co-worker, staff, seniors, junior, clients, and so one. As we are involved in an organizational setting, our main duty is to perform our work smoothly and perfectly.
“In 1985, Fred Fetterolf, then president, decided the company needed to document the values that all employees must live by: Integrity; Environment, Health, and Safety; Customer; Accountability; Excellence; People; and Profitability” Lawrence, A.T. & J. Weber, (2011). The ethical criterion this value base business is Principles promoting integrity through Alcoa leaders, management, employees, and all other “Alcoans regardless of level or position, is an ambassador for those values: integrity in everything we do; accountability for our actions and results; respect for the safety of our people and
Performance Management System: Toyota Company STAKEHOLDERS’ UNDERSTANDING OF COMPANY’S BUSINESS STRATEGY All stakeholders in the company understand the company’s strategy when it is put in the clear goals and visions in the company. The company has outlined its goals and visions, making it easy for all stakeholders to access and understand the company’s business strategy and their role in achieving such goals and visions. The company has an induction process of new employee recruits to help them understand its culture, values, and mode of operations before embarking on their roles in this company. This process ensures that every employee understands the company operations. Other stakeholders such as business partners, shareholders and
Society as a whole is responsible to conduct business ethically. Parallel to the formula that we use for inventing the laws that a society created to promote specific behaviors and actions that are appropriate to build trust and relationship, it is similar in corporations' behavior. According to Svensson & Woods "Society does have expectations of business and of its business leaders" (Svensson & Woods, 2008, p. 306). Ethical business behavior is a combination of values and normative ethics, which drive an organization. When analyzing Anglo-American and Primark for this case study.
Communication, behavior, and appearance are three are the crucial factors that make a great professional employee, as these are characteristics that can contribute to a company in its goals to be profitable. Most businesses, no matter the industry, sets certain guidelines to which its employees are expected to adhere to, these rules are usually explained in the employee handbook. Professionalism is essentially, the knowledge that an individual conveys about a certain field. At work, professionalism refers to a person doing his or her job with sincerity, and maintaining professional etiquette and ethics in the workplace. Companies specify which behaviors are acceptable, and which are not, when they first start the hiring process for a new employee.
Finally, we discuss the trend of the ratios that determine Disney’s financial health. Ethics and Compliance In accordance with ethics and compliance of the financial environment surrounding Disney, proves the commitment to conduct business dealings in accordance with elevated standards surrounding ethics and compliance in conjunction with relevant laws and regulations. In addition to the commitment of ethical behavior and compliance, the board of directors and the employees promote a certain standard of performance; not to mention the adoption of a precise code of conduct, business conduct, and ethics that is crucial to the levels of the company. Directors and employee uphold every element that revolves around commitment, integrity, and equality. The company has an obligation to uphold the interest of shareholders, make fair judgments, and have a dedication to their fundamental duties.
Discussion Case: Alcoa’s Core Values in Practice Nicholas Goldstein BUS250: Corporate and Social Responsibility Instructor Margaret Browne August 13, 2012 Discussion Case: Alcoa’s Core Values in Practice Alcoa (Aluminum Company of America) has a very strong values based culture and ethical work climate that wants their employees to live by the values that encompass integrity, environment, health and safety, customer, accountability, excellence, people, and profitability (Lawrence & Weber, 2011). In this case their main concern in their ethical work climate is the health and safety of its employees. The ethical criterion that seems to be most apparent in this case is that of “Principle” know as the integrity approach. It also seems from the case that benevolence (concern for others approach) could also fit the mold, but principle seems more relative. Top management in the Alcoa, CEO Paul O’ Neill, played an excellent and critical role in the development and implementation of the ethical work climate and organizational performance in the company.
All employees should familiarize themselves with the guidelines of this policy. 2. Purpose b. The main reasons for a clean desk policy are: i. A clean desk can produce a positive image when our customers visit the company.
One would classify Alcoa’s ethical work climate as Principle Criteria because the company have a strong values-based culture. “Employees learned early in their careers that every decision they made and everything they did must aligned with the company’s values” (Lawrence, A. T. & Weber, J. 2011). To make sure that all the employees understood the program’s tools and support the employee they had assigned an ethics and compliance officer. Alcoa’s started to work strictly on its safety programs and make sure that all company business, community headquarters and units meet the overall goal that is zilch job-related injuries and sickness.