Your SlideShare is downloading. ×
Business ethics
Upcoming SlideShare
Loading in...5

Thanks for flagging this SlideShare!

Oops! An error has occurred.


Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Business ethics


Published on

Code of ethics & business conduct of Marriott.

Code of ethics & business conduct of Marriott.

Published in: Education

1 Like
  • Be the first to comment

No Downloads
Total Views
On Slideshare
From Embeds
Number of Embeds
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

No notes for slide


  • 1. Code of ethicsAccording to Investopedia, Code of ethics is - A guide of principles designed to help professionalsconduct business honestly and with integrity. A code of ethics document may outline themission and values of the business or organization, how professionals are supposed toapproach problems, the ethical principles based on the organizations core values and thestandards to which the professional will be held.The Code of Ethics states the principles and expectations governing the behavior of individuals andorganizations in the conduct of professionals. It describes the minimum requirements for conduct, andbehavioral expectations rather than specific activities.The purpose of any Institutes Code of Ethics is to promote an ethical culture in the profession.Benefits of the Code of EthicsA recognized Code of Ethics provides broad support for a true profession. It establishes minimumperformance expectations. It gives employers and clients confidence about the professional standardsand character of professionals who adhere to the Code.The Code provides a way for companies to show their support for professional workforce. When acompany commits to the Code, it commits to providing an environment in which professionals can makeethical conduct a priority without jeopardizing their advancement within that company. This is beneficialboth to the company and to the professionals it employs. The company attracts employees with highprofessional standards, and its employees find professional fulfillment in an environment thatappreciates their high standards.Professional codes of ethics articulate the standards that every member of a profession should uphold.They outline the expectations the profession has of its members and a member’s duty to colleagues,those they serve, and society as a whole.How to Develop a Code of Ethics for your Business Step 1: List the problems to solve for people who use any company.
  • 2. Step 2: Create a list of the acceptable behaviors (not skills) one need to do to perform in any lineof work that will exemplify, why the customers should want to work with them.Step 3: Create a list of the unacceptable behaviors (not skills) one need to be aware of to makesure they do not do that would cause their clients to choose to use their competitors.Step 4: Compare the two lists of acceptable and unacceptable behaviors and write down next toeach item, why that item is on that list.Step 5: Set a personal goal that each day one will make sure you do not do anything that is on theunacceptable list.Step 6: Aim each day to perform in one’s professional role in such a way that their behaviorscomply with the acceptable behavior list.Step 7: Create a poster of the acceptable behaviors and place where the customers or clients willsee it. Be proud of the honesty the firm show, by displaying what it feel are acceptable andunacceptable behaviors that they will hold them self accountable to.Step 8: Creating a Code of Ethics shows the integrity one expect out of them self and others whowork with them on behalf of the clients.
  • 3. Marriott International, Inc. is an American diversified hospitality company that has franchisor of a broadportfolio of hotels and related lodging facilities. Founded by J. Willard Marriott, the company is now ledby Arne Sorenson. Today, Marriott International has more than 3,700 properties in over 74 countriesand territories around the world.Marriott International adheres to high ethical and uncompromising legal standards. The Code ofBusiness Ethics provides managers and associates with detailed guidance on the right way to conductbusiness. The business ethics training program, “How We Do Business Is As Important As The BusinessWe Do,” is a required part of orientation for associates, and includes Marriott’s commitment to humanrights.For the fourth time, Marriott International has been recognized by the Ethisphere Institute as one of the2011 World’s Most Ethical Companies. Ethisphere said Marriott was selected for engaging in businesspractices and initiatives that are instrumental to the company’s success, benefit the community, andraise the bar for ethical standards within the industry.Ethical business practices are deeply embedded in the Marriott tradition and Spirit to Serve culture.These ethical standards start with Marriott’s top leadership, who reinforce the companys tradition ofintegrity, honesty, trust, and fairness. The company shares its philosophy with associates and allstakeholders through a variety of information channels, including Marriotts Business Conduct Guide,available on of Responsible BusinessMarriott International believes that their success as a global hospitality company is grounded in theirpurpose, values, and conduct demonstrated each day through their world-class service, ethical businesspractices, commitment to employees, and culture. They demonstrate their purpose, values andprinciples of responsible business through policies on employment , human rights , environment, supplychain , and in the conduct they uphold and expect of others.
  • 4. Commitment to Human RightsAt Marriott, they support and respect the protection of human rights within the company’s sphere ofinfluence and strive to conduct the business operations accordingly. This includes standing against suchtragedies as human trafficking and the exploitation of children. Marriott does not recruit child labor andstrongly supports the elimination of such practices. Marriott also supports laws enacted to prevent andpunish the crime of sexual exploitation of children and works to raise awareness concerning suchcrimes.Since 2006, the company has published its Human Rights Policy and Principles and communicated it toassociates. The policy aligns with government, business, and public concern about tackling these issues.We also have training on human rights, including the protection of children, for all associates worldwide.Ethical and Legal StandardsCorporate ethics is a key part of day to day business at Marriott hotels. The Business ConductGuide advises their managers and associates on laws relating to antitrust, unfair competition, politicalcontributions, abuse of purchasing power, commercial and political bribery, and more.The business ethics training program reinforces the importance of corporate values and ethicalresponsibility to the continued success of the travel and tourism industry. Marriott’s Internal AuditDepartment conducts an annual Legal and Ethical Conduct survey of a broad cross section of associates,including all officers and senior managers, to determine compliance with the company’s Ethical Conductpolicy.Code of Ethics The Company has long maintained and enforced an Ethical Conduct Policy that appliesto all Marriott associates, including Chief Executive Officer, Chief Financial Officer, and PrincipalAccounting Officer, and to each member of Board of DirectorsThe Code of Ethics includes: Expectation & responsibilities Be accurate - act honest & integrity Be responsive – cooperate with Government honestly Be trustworthy – protect Marriot’s asserts and dignity Provide fair & safe workplace – shield customers & associates