Ethics and compliance are the utmost important things to the Pepsi Co. If a company stays ethical and compliant there will be more room for growth and intervention. To strengthen the ethical standards in the corporate and business world, the company joined with over 50 other companies to establish the Business Ethics Leadership Alliance (BELA). BELA is a diverse group of businesses work together to enhance the ethical values of the corporate American that will not only satisfy the employees but also the public. BELA was created as a forum
To protect the Starbucks brand, culture, and reputation, each employee is responsible for adhering to the company’s core values. This includes complying with the law, in addition to demonstrating ethical conduct. The ethical culture of Starbucks determines the quality of decisions made by employees. If the employees are working in an ethical environment, they will be compelled to make ethical decisions. Employees are expected to make good decisions using their values, knowledge, and previous experiences.
Essentially, a company that has a strong, moral (ethical) foundation will generally conduct business in a transparent and trustworthy fashion. From a marketing perspective, the messages will likely follow the lead of the executives and will be presented to consumers in a transparent fashion. For example, Costco Wholesale has created an environment that is known for taking care of its members on all levels. On its website, Costco’s Code of Ethics states four things: obey the law, take care of our members, take care of our employees and respect our suppliers (Code of Ethics, n.d.). By being transparent in its business practices, marketing their services ethically, and standing behind their code of ethics on all levels, Costco has created a level of trust with their members and ultimately, meets its goals with its
To follow the code of ethics are the basic duties of the employees. For those reasons, to adopt the code of ethics in the County of San Diego is important to keep the county’s public good and goals. G.M Financial Corporation The main purpose of ethics in the G.M Financial Corp. guide principle of business conduct rule for employees with customers, vendors. The G.M’s ethics are basically all G.M employees and they follow the ethics for their business, behavior and conduct. According to the G.M Financial Corp.’s of code of ethics, GM Financial’s mission is to create value for our stakeholders by constantly improving our services, investing in innovative solutions and information-based strategies, and promoting a culture of teamwork, excellence and integrity
Political competence is what can really make the CC part of it shine and in turn CC will make political competence shine. Political competence is one of the skills necessary to apply good cooperate citizenship. Both are related to ethics. Whereas good corporate citizenship is about an organization acting ethically toward society as a whole, political competence is one of the necessary skill required to apply good cooperate citizenship, which is a number of related skills. Good CC, for example, a company CEO of a HCO defines good corporate citizenship as meeting the growth and demands placed on health companies by society in an economically, environmentally and socially responsible manner (“The Power to Change: Mobilizing board leadership to deliver sustainable value to markets and society”, 2001).
Camenisch’s view is that the goods and services are the center of the business ethics for they promote the profit. However, the goods and services must be in the interest of all persons and all future generations of people. Business should not use resources irresponsibly at the risk of leaving nothing for others. It should be the focus of business ethics to interact within society while enabling “its members to flourish, specifically that part which deals with the provision if the material means for sustaining and enhancing life.” (p. 288) D. W Haslett’s argument is that inheritance is unjustified. Wealth is the accumulation of money that is passed on to future generations which is different from income which is the money earned in one’s lifetime.
Role of Ethics and Compliance in Pepsi-Cola, Co. Pepsi-Cola, Co.’s mission statement is to provide the best products available while allowing investors and employees financial rewards. Pepsi-Colas Co. strives to act with fairness, honesty, and, integrity while obeying the laws of all of the countries in which they do business. Pepsi-Cola Co.’s code of ethics is of 14 different sections, which include confidential information, insider trading, accounts, record keeping, reporting violations of code of conducts and many more. Some of the checks set in place are to ensure that the company code of ethics is respected by employees are a confidentiality agreement in which employees agree to keep information that Pepsi-Cola, Co. shares with them confidential from their friends, families and anyone else. This helps to ensure that no information about new products or competitors is divulged by employees.
They strive to be constantly curious and focus on executing their mission within the marketing place where ever they are in the world. As a company, “Coca Cola wants to inspire moments of optimism and happiness, to create value and make a difference, and refresh the world” ("Mission, Vision, And Values", 2013).From the beginning the goal of this organization was to endure, which includes serving the people, nurturing relationships, provide a quality product, make a difference in communities, maximizing long-term profits for shareholders, while maintaining a powerful, fast moving, and productive business. By keeping in mind these things this organization is able to market to the people by focusing on their desire to be a winning culture. A culture where leadership is shaping a positive future with integrity, passion, and diversity remains important. Coca-Cola still stands as one of the most powerful beverage retailers because they are contently developing their competitive marketing strategies to
Aims and Objectives of Coca Cola: • The aim and objective of Coca-Cola Enterprises is to be the best beverage sales and customer Service Company. To us 'best' means being the number one or second brand in every category in which we compete, being our customers most valued supplier and establishing a winning and inclusive culture. • To provide the best product that they can to the public, and create customer satisfaction. To ensure this the company ensure that all employees are working to their highest standards to create the best product, in the quickest possible time to make sure that there is an ability for quick distribution. • They also aim to never let their high standards of quality fail.
The Triple Bottom Line includes addressing “profits, the employees, and the environment as a whole”. (McKinsey, n.d) Companies, like Coca-Cola have taken steps to better manage their carbon footprint through earth safe products with the long term goal in mind, to foster their market, their consumers. To persuade change in company production, the consumers, through their governmental legislation and through global connectivity have been able to pressure companies including Coke, to embrace the necessary changes that benefit the health of the consumer and the environment. Since Coke’s marketplace covers a broad spectrum of consumers, and with the advent of the internet and the means to relay that connection globally, consumers are now connected and can share the common interest of protecting the earth and its