Running head: ETHICS IN THE PEPSICO1 Ethics In The Pepsi Co Crystal Wagenhurst Rasmussen College This paper is being submitted on 4/08/12 for Mr. Dixon Principles of Management class ETHICS IN THE PEPSICO2 Pepsi Co has outlined something they call “Performance with Purpose.” Performance with Purpose is consisting of three parts. The three parts are products, environment and employees. Part of Pepsi Co is commitment in keeping this goal includes meeting the needs for a spectrum of foods and beverages. They also support and have a commitment with their employees. Pepsi Co have a diverse corporate culture with employee engagement in the workplace as well as in the company.
The Committee believes that our executive compensation programs have met their objectives. PepsiCo has been able to attract and retain the executive talent necessary to support a corporation with a long-term history of strong sales growth and superior shareholder returns. Specific Compensation Programs PepsiCo's executive compensation mix includes a base salary, annual cash bonus awards, and long-term incentive compensation in the form of performance units and stock options. Overall, these programs are intended to be
Team A has defined sustainability and explained why it is important for the financial success of PepsiCo. Team A evaluated PepsiCo and identify the company’s financial stakeholders. Team A described the economic and non-economic business decisions that may negatively or positively affect stakeholders and explained how these decisions may affect PepsiCo’s profits when stakeholder reactions are taken into account. Team A created a sustainability strategy for PepsiCo and identified ways in which it can expand upon current or past sustainability successes, as well as opportunities for turning sustainability shortcomings into areas of growth and way to improves stakeholder relationships. Team A also explained how specific actions and policies must be implemented in regard to environmental issues that will be instrumental in the financial success of the company.
Employees are expected to make good decisions using their values, knowledge, and previous experiences. The company commits to providing employees with additional resources, which will allow them to perform in a legal and ethical manner. Ethical behavior is important for the company to remain financially strong. Violations of the law can result in large criminal and civil penalties for Starbucks (Starbucks, 2015). For example, if the company were found guilty of altering, concealing, or falsifying financial documents, it could result in the responsible parties facing up to 20 years in prison, or a substantial amount of fines (Sarbanes-Oxley Act 2002,
BMA1 – Task 304.1.3-04 Steve Perryman Western Governors University Social responsibility is a concept that many businesses take seriously because it has a direct effect on the consumer’s perception of the company and the bottom line profitability of the company. Social responsibility is the company’s obligation to maximize its positive impact and to minimize any negative impact in a community and its consumers. There are four aspects of social responsibility: Economic, Legal, Ethical, and Philanthropic. There are many examples of companies like Whole Foods, Coca-Cola, and PNC Financial Group who go above and beyond these four aspects of social responsibility. Company Q in the scenario provided has a very poor attitude towards social responsibility because though they provide some basic aspects like Economic and Legal they fall short in Ethical and Philanthropic aspects.
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.
has a large risk in fraudulent factors due to working with many companies throughout the United States. National Commission of Fraudulent Financial Reporting is an independent private sector that investigates these behaviors. I believe and recommend that our company should have independent auditors for SEC and other regulations that apply to our business. We must also put into place education and promotional awards to reduce employee’s faulty performance. Our business ethics are honest and loyal in which we serve our employee’s with high standards.
Business is even viewed by some as being the vehicle for contributions to worthy causes. Yet business should stay away from negative impacts such as discrimination etc. He suggests the premise that business is for profit and the provision of goods and services. Profit is the only ethic responsibility for business according to Milton Friedman. Camenisch’s view is that the goods and services are the center of the business ethics for they promote the profit.
Behavior and Communication Paper BCOM/230 April 8th, 2013 Byron Johnson Behavior and Communication Paper Starbucks, the largest coffeehouse company in the world, has a mission to inspire and nurture the human spirit. They focus their achievements on their employees (partners), their customers, and the environment. . Starbucks supports the Global Business Ethics Policy and the Global Human Rights Standards. They pride themselves with setting the best customer service standards out there and vow to treat everyone with respect and dignity regardless of race, age, sexual orientation, ethnicity, gender, or ability.
It is our goal to position our products in such a way that our customer experience unrivaled satisfaction mentally and continue to patronize our organization despite our competitors offering. Our organizations offer a unique combination of brands and products at a good-value price. Customers are made aware of our products via numerous advertising and public relation efforts. Also, we have implemented tight control measures backed by an accurate budget to closely monitor quality and improve customer service and overall satisfaction. Table of Content Topic Page Executive Summary…………………………..............................................................2 Situation Analysis………………………………………………………………….4 - 8 SWOT…………………………………………………………………………………9 Marketing Strategy…………………………………………………………………10-12 Financial Information……………………… …………………………………..…….13