Business ethics
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This document discusses the importance of business ethics for an organization. It notes that ethics are influenced by culture and should avoid causing guilt or regret. Implementing ethical behavior and corporate social responsibility can attract investors, customers, and talent while retaining existing employees. Stakeholders like investors want high returns while customers want good quality products at low costs and employees want fair compensation and a good work environment. Upholding business ethics through principles and values can help businesses build sales, retain employees, reduce litigation, and regulate costs for long term gain.
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4.VARIOUS CONTRIBUTION OF ETHICS TOWARDS SOCIAL AND ECONOMIC GROUPS
Business ethics nd csr
This document provides information about an organization called "Save and secure life" that produces surgical masks. It discusses the organization's vision, mission, location in Gujranwala, and objectives to maintain practices within a larger structure and generate efficiencies. It also describes the business hierarchy, nature of producing disposable surgical masks, and ethical conduct expectations for employees including communicating effectively, taking responsibility, and respecting colleagues. Finally, it outlines the role of ethics in areas like advertising, leadership, finance, marketing, human resources, and management responsibilities.
Organisation Health A Brief Guide (Mas)
This document outlines the key features that create and sustain organisation health, including having a clear purpose and cultural foundations, a flat structure that encourages involvement in decision making, transparent policies and processes, and recruitment, training, and performance review processes that promote wellbeing and performance. It also describes the important behaviors of leaders, such as attentiveness, politeness, and the ability to resolve conflicts, encourage contribution, and motivate staff. Organisation health is defined as having a workplace culture where employees thrive and perform beyond expectations in the long term.
Ethics in performance management
This document discusses ethics in performance management. It begins by defining ethics and explaining that ethical performance management involves planning, managing, appraising, and monitoring employees based on principles of fairness, objectivity, transparency and good governance. It then discusses the importance and objectives of ethics in performance management, including building trust, improving decision making, and attracting and retaining talent. The document also outlines principles, guidelines and causes of poor ethics in performance management systems. Finally, it discusses the dangers of poor ethics, such as decreased employee performance and relations.
Ethics in business
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations
Definition of business ethics class notes
Business ethics refers to conducting business according to moral principles and codes of conduct that are applicable both internally to employees and externally to customers and society. Upholding ethical standards leads to benefits like a satisfied workforce, increased sales and customers, and high goodwill. Some ethical issues businesses face include employee rights, environmental impact, and interactions with customers and shareholders. To be successful, businesses should follow principles like protecting employee rights and safety, being truthful in advertising, and treating all stakeholders with respect and integrity.
Topic 5 - CSR & Accountability revised.ppt
This document discusses corporate governance, accountability, and corporate social responsibility. It begins by explaining how modern governance frameworks were developed in response to stakeholder pressures. It describes directors' fiduciary duties to shareholders and stakeholders. The document also discusses threats to good governance like conflicts of interest. It emphasizes the importance of developing an ethical corporate culture through codes of conduct and CSR programs. The motivations for CSR reporting are explained, and the pyramid of CSR illustrates different levels of CSR practice from performance-driven to stakeholder-driven.
Developing the culture
This document discusses developing a positive organizational culture through changing fundamental core behaviors. It identifies that the culture needs improvement in embracing change, leadership, and efficiency. Challenges include gaining ownership of needed changes and developing new attitudes in addition to skills. Keeping changes going long-term requires permanent behavior modification. The process involves personal development, creating the right environment, involvement and recognition to motivate staff and achieve a different culture with improved business results.
STRATEGIC MANAGEMENTINSTRUCTIONS 2-4 PAGES LONG; TYPED – DOUBLE.docx
STRATEGIC MANAGEMENT
INSTRUCTIONS: 2-4 PAGES LONG; TYPED – DOUBLE SPACED, 12 PT MAX, 1” MARGINS MAX. PLEASE REMEMBER THAT GOOD GRAMMAR AND SPELLING ARE EXPECTED. ALSO, YOUR ANSWERS SHOULD BE WELL ORGANIZED AND CONTAINS SPECIFICS BASED ON THE CONCEPTS AND ANALYSES WE HAVE STUDIED.
You are the new CEO of a single-entity business that provides financial services to the insurance industry. The previous CEO left the organization “under a cloud” – nothing was ever proved, and he received the “normal” severance package.
Your early perception of the organization indicates there may have been some ethics problems in upper management. It appears no laws were broken, but it may be that some older employees did not receive expected and /or promised raises in pay. It is difficult to know this for sure because the company’s Performance Evaluation system has never been formalized.
The apparent ethics problems at the top have left many employees with an uneasy feeling. It has also resulted in an attitude on the part of many that retribution will be swift if an employee reports an ethics-related problem to management. It has been noticed that absenteeism has increased over the past 9 months. Also, employee turnover appears to be on the rise.
As CEO, what plans will you make and what actions will you take to overcome the apparent problems so a new strategic plan can be successfully implemented? This plan includes the introduction of a major new product. Also include the steps you should take to introduce the new strategic plan to the employees.
1
CHAPTER 12CHAPTER 12
CORPORATE CULTURE
AND LEADERSHIP: KEYS
TO GOOD STRATEGY
EXECUTION
CORPORATE CULTURE
AND LEADERSHIP: KEYS
TO GOOD STRATEGY
EXECUTION
CORE CONCEPT
♦ Corporate culture refers to the shared values,
ingrained attitudes, core beliefs and company
traditions that determine norms of behavior,
accepted work practices, and styles of
operating.
12–2
KEY FEATURES OF A FIRM’S
CORPORATE CULTURE
Strength of peer
pressure to
conform and
observe norms
Actions and
behaviors
encouraged
and rewarded
Traditions and
stories and “how
we do things
around here”
How the firm
treats its
stakeholders
Features of a Corporate Culture
Values, principles,
and ethical
standards
in actual use
Management
practices and
organizational
polices
Atmosphere and
spirit embodied
in the firm’s work
climate
How managers and
employees interact
and relate to one
another
12–3
TRANSFORMING CORE VALUES AND ETHICAL
STANDARDS INTO CULTURAL NORMS
� Recruit and hire applicants with values and
ethics compatible to those of the firm.
� Incorporate the values statement and the code
of ethics into orientation and training programs.
� Have senior executives frequently reiterate and
stress the firm’s values and ethical principles.
� Use values statements and codes of ethics as
benchmarks for the firm’s polices and practices.
12–4
2
TRANSFORMING CORE VALUES AND.
Internal Business Environment
The document discusses key aspects of an organization's internal business environment, including communicating its purpose through a mission statement to establish culture. It provides examples of effective mission statements and notes that a vision statement indicates where the business aims to be. The real corporate culture may differ from official statements and is best understood through direct observation of management style, employee relations, customer interactions and other indicators. Business ethics refer to the moral principles guiding decisions and actions, with socially responsible concerns for society.
Ethics, Roles, and Responsibilities of Entrepreneur (Docx.)
Subject: Entrepreneurship
Topic: Ethics, Roles, and Responsibilities of Entrepreneur
File Format: Docx.
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STRATEGIC MANAGEMENTINSTRUCTIONS 2-4 PAGES LONG; TYPED – DOUBLE.docx
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Business ethics
- 1. By- Prof. Prachi Raorane. Business Ethics
- 2. Ethics Ethics concern individuals moral judgements about right and wrong. Influenced by culture. Actions ,thoughts, spoken words Should not create a feeling of guilt, sorrow and regret after its been performed
- 3. Ethical behaviour and corporate social responsibility can bring significant benefits to a business: Attract Investors Attract Customers Attract New Talent Retain Existing employees
- 4. Stakeholders Investors - High returns Customers- Good quality product in lowest possible cost Employees – Fair compensation package and good working environment
- 5. Importance of Business Ethics in An Organization Standard Behaviour Principles to lead business- Building Sales Retaining employees Reducing litigation Regulating cost
- 6. Short term gain and long term pain Vs Short term pain and long term gain Value based leadership - Moral Obligation Moral Values of employees Strong and independent boards Role of Information Technology and Business ethics