This document discusses business ethics and the balance between morality and profitability. It provides examples of companies that have successfully balanced these two priorities through strong ethical leadership and cultures. The document outlines factors that can influence managers' ethical decision-making such as personal ethics, organizational culture, and unrealistic performance expectations. It also discusses how companies like Merck and Johnson & Johnson have translated their values into action during crises, prioritizing ethics over profits. In contrast, companies like Texas Instruments and Bristol Myers focused solely on financial goals rather than broader societal responsibilities.
Starbucks Case Study : Building Sustainable Supply ChainRiri Kusumarani
This presentation is made by my classmates for Supply Chain Class. Discussion focus on C.A.F.E strategy used by Starbucks. Sustainable supply chain is one of the key issue especially about ethical coffee trade.
Starbucks Case Study : Building Sustainable Supply ChainRiri Kusumarani
This presentation is made by my classmates for Supply Chain Class. Discussion focus on C.A.F.E strategy used by Starbucks. Sustainable supply chain is one of the key issue especially about ethical coffee trade.
Meaning of Human Resources
Human resources can be understood in terms of employing people, developing their resources,utilizing,maintaining and compensating,their services and in tune with the job and organizational requirements with the view to contribute to the goals of the organization goal ,individuals goals.
Meaning of Human Resources
Human resources can be understood in terms of employing people, developing their resources,utilizing,maintaining and compensating,their services and in tune with the job and organizational requirements with the view to contribute to the goals of the organization goal ,individuals goals.
This a PowerPoint presentation which is a additional documentation of my report published on LinkedIn
Courtesy of all images to Google. Image copyrights are with the respective owners.
Let’s be honest, today It’s getting progressively difficult for brands to stand out and to find and engage customers and employees on a long-term basis.
What people need are brands with an inspiring story that is so remarkable, authentic and lovable that people want to connect themselves to it!
So how do you turn your brand into an inspiring Lovebrand?
Business Ethics is a form of Applied Ethics. It originates from individuals, organizational
statements or from the legal system. It can be said to be the attitude, culture and manner of doing
business by the business community. Decision Making: It is our means of deciding a course of action. Without it our actions would be random and aimless.
Leadership: The conscious effort to adopt, integrate, and emulate the other 11 principles to guide decisions and behavior in all aspects of professional and personal life.
Accountability: Holding yourself and others responsible for their actions. Commitment to following ethical practices and ensuring others follow ethics guidelines.
Integrity: Incorporates other principles—honesty, trustworthiness, and reliability. Someone with integrity consistently does the right thing and strives to hold themselves to a higher standard.
Respect for others: To foster ethical behavior and environments in the workplace, respecting others is a critical component. Everyone deserves dignity, privacy, equality, opportunity, compassion, and empathy.
Honesty: Truth in all matters is key to fostering an ethical climate. Partial truths, omissions, and under or overstating don't help a business improve its performance. Bad news should be communicated and received in the same manner as good news so that solutions can be developed.
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
In this lesson you learned that Ethics concerns standards of right and wrong. You learned that Business ethics concerns the application of ethical principles to the actions and decisions of companies and the conduct of personnel. You also learned that Corporate Social Responsibility and the Triple Bottom Line performance measures are good ethical frameworks.
This presentation is about ethics used in organizations. this a group presentation in which first 10 slides are made by me and other part is done by my team members.hope u like it !!!!
business ethics importance. code of conduct. Why managers behave ethically. common misconduct in organisation. ethical practices and unethical practices. ethics for managers and finally conclusion.
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.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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2. Introduction
Incorporating values and ethics into Business decisions have
become increasingly important
Business schools are ensuring that students graduate with a
knowledge of ethical principles and the critical thinking skills
necessary to analyze and make sound ethical decisions.
3. Business Ethics
Society generally feels that there are certain values that should be
set as the minimum ethical behavior.
To meet the minimum ethical standards, a business must be honest,
obey the law, and not directly infringe on the rights that our society
holds as inalienable human rights.
Some of the Ethical issues involve compensation of employees, job
security for employees, hiring practices, waste management issues,
pollution, and conflicts of interest.
4. Morality & Profitability
Morality means Moral Discipline – Concerned with principles of right
and wrong
Or conforming to standards of behavior & character aligned with the
principles of right and wrong
Profitability - generally is the making of gain in business activity for
the benefit of the owners of the business
5. Role of morality & profitability
We are in the business of preserving & improving human life. All of
our actions must be measured by our success in achieving this goal
– MERCK & COMPANY
Putting profits after people & products was magical at Ford – Don
Petersen, Former CEO, Ford, 1994
Sequence of three P’s – People, products and profits – in this order
– Don Petersen, CEO, Ford.
6. Ethical Profitability
The balance between profits and ethics is term as “ Ethical
Profitability”.
Example: Enron Fallout
Many investors are paying closer attention to a company's ethics,
as well as their profits. These investors realize that a corporate
focus on profits alone—with little regard to ethical standards,
conduct and enforcement—may result in short-term revenue gain,
but long-term profitability may be limited.
In cases like Enron, long-term viability is limited too.
7. 5 Key Areas - Ethical Profitability
Well-balanced companies not only consistently reward owners, investors
and employees with profitable performance, they also genuinely focus on
these five key areas:
1. Leadership by example: To manage well is to lead employees
effectively, ethically and without arrogance. Company owners,
executives and managers must set the highest examples of attitude
and conduct for their employees.
2. Company-wide ethical awareness: Employee when not at work,
practice personal ethics in areas such as caring for others, being kind
and honest, and not harming others. Do these same people, when
they arrive at work, maintain their personal guidelines? In-the-office
ethical behavior includes demonstrating trustworthiness to managers
and coworkers, respecting privacy and avoiding conflicts of interest.
Ethics knows no time clock.
8. 5 Key Areas - Ethical Profitability
3. Strong management of revenue generation and reporting:
Corporate temptation to stretch ethical behavior in revenue
generation and reporting is universal. To overcome these
temptations, revenue-related managers must establish and maintain
a firm stance on ethical marketing, advertising, selling and reporting.
This requires regular dissemination and enforcement of codes of
conduct.
4. High level of internal trust: The level of trust within a company
should reflect the level of trust the company solicits from customers.
If customers are encouraged to put their complete trust in the product
or service, then company teams must do the same with each other.
An increase in trust is a reduction in risk and uncertainty, which in
turn will keep the revenue generation process flowing smoothly.
5. Formal and active compliance program: An organizational ethics
doctrine does have legal benefits. Properly written, published and
disseminated ethical codes will reduce corporate risk if an employee
creates a criminal or civil problem because of poor ethical behavior.
The true test of ethical profitability is whether or not the company is a
positive example to its employees, to its customers and even to other
companies. Such companies practice the truest form of leadership-
by-example. They reach for a higher bar
9. Business Ethics
Defined as written and unwritten
codes of principles and values that
govern decisions and actions within a
company.
Business ethics can be used to
describe the actions of individuals
within an organization, as well as the
organization as a whole.
The organization’s culture sets
standards for determining the
difference between good and bad
decision making and behavior.
10. Importance of Ethical Business Decisions
Co. who wish to thrive long-term must adopt sound
ethical decision-making practices.
Co. who behave in a socially responsible manner are
much more likely to enjoy ultimate success than those
whose actions are motivated solely by profits.
Co. knowing the difference between right and wrong and
choosing what is right is the foundation for ethical
decision making.
Doing the right thing often leads to the greatest financial,
social, and personal rewards in the long run.
11. Factors Impacting Business Ethics
Corporate culture
Existence and application of a written code of ethics
Formal and informal policies and rules
Norms for acceptable behavior
Financial reward system
System for recognizing accomplishment
Company attitude toward employees
How employees are selected for promotions
Hiring practices
Applications of legal behavior
Degree to which professionalism is emphasized
The company’s decision making processes
Behaviors and attitudes of the organization’s leaders
12. 10 Qualities for Good Managers
1. To choose a field thoughtfully
2. To be a good mediocre
3. To create productive
environment
4. To define success
5. To be a good communicator
6. To transfer the skills
7. To build morale
8. To solve the challenges
9. To be sound mind
10. To be a risk taker & solver at
times
15. Personal Ethics
Generally accepted principles of right and wrong governing the conduct
of individuals
Our personal ethical code exerts a profound influence on the way
we behave as businesspeople
The first step to establishing a strong sense of business ethics is for
a society to emphasize strong personal ethics
Expatriate managers may experience more than the usual degree of
pressure to violate their personal ethics
16. Decision-Making Processes
Several studies of unethical behavior in business have concluded
that businesspeople sometimes do not realize they are behaving
unethically primarily because they simple fail to ask….
…. “Is this decision or action ethical?”
Often the result of applying straight-forward business calculus to a
decision without considering important ethical issues
17. Organization Culture
The climate in some businesses does not encourage people to think
through the ethical consequences of business decisions
Result of an organizational culture that deemphasizes business
ethics, reducing all decisions to be purely economic
Corporate culture refers to any set of values, norms, rituals, formal
rules, and physical artefacts that exists in a company.
18. Unrealistic Performance Expectations
Pressure from the parent company to meet unrealistic goals that
can only be attained by cutting corners or acting in an unethical
manner
This often results in managers will violating their own personal
ethics and engage in unethical behavior
An organizational culture with values that reinforce ethical behavior
is an essential ethical component
19. Co-existence of Morality &
Profitability - ideology
Companies having an ideal blend of Morality & Profitability are
visionary companies with strong ideology (ideals)
Ideology – set of basic precepts or beliefs or values that are
subscribed to
Core Ideology exists in these companies not just as words but as a
vital shaping force
Combining both – Genius of the AND – ideology AND profits
These companies do pursue profits or long term shareholder wealth
but they also pursue meaningful ideals of serving humanity.
20. Managerial Teasers
You are in-charge of cash expenses – Your supervisor comes and
asks you for a cheque of 3000 Rs towards expenses he incurred
entertaining a client last night. At lunch your supervisors girlfriend
stops by to pick him up for lunch and you overhear her telling the
receptionist what a great time she had at dinner with your supervisor
the night before
What do you do?
21. Managerial Teasers
You are the HR manager in your company – Your company has a
firm policy regarding cases of theft of company property. Used
company equipment is sold in a bid each month. You see a valued
employee who is 5 months away from retirement, slip an electric drill
and put it in his car.
What do you do?
22. Managerial Teasers
You are the buyer for a retail clothing store. Your store has a policy
of not accepting gifts. However, over the years, salesmen have
offered and other employees have accepted lunch, theater and
sporting event tickets. You arrive home from office one evening and
find a new LCD and DVD player at your doorstep with a note that
says “A personal gift for long lasting friendship “The Divikar
Clothing Company “
What do you do?
23. Managerial Teasers
You are a bank teller working for the bank for the past 6 months,
one of the other tellers at the bank who has become a good friend
tells you that her daughter is extremely ill and has to be operated at
an expense of 9 lakh rupees. Some days later you ask about her
daughters health and she tells you that her daughter is just fine now.
She then confides in you and says she took the money from a
dormant account at the bank to pay for the operation. She assures
you she has started paying it back and will return the entire amount
into the account in some time.
What do you do?
25. Hewlett Packard – ideology
David Packard – Founder Partner
“Profit is not the proper end & aim of management – but it is what
makes all of the proper ends and aims possible” - Packard
Became public in 1957
Initiated an Management development programmed – central to the
long term health of the organization
26. Core values – Hewlett Packard
Company is group of people coming together to exist as an
institution
Purpose is to accomplish something collectively in order to make a
contribution to society
Contribution – to make a product or provide service – to do
something which is of value to the society
Design, develop & manufacture finest electronic equipment for
advancement of science and welfare of humanity
27. Core values – Hewlett Packard
Profit was one of the important objective
But Profit was seen as means to pursue the broader aims of
developing better technology for the welfare of the society
HP’s focus was to provide real satisfaction to customers and be
judged by them
Bigger Growth was ONLY WITHIN the context of making a
contribution
28. Texas Instruments
Texas Instruments defined itself exclusively in terms if
size, growth & profitability
Focus was to grow from a ‘good little company’ to ‘good
BIG company’ – Pat Haggarty, President
Corporate ideology & goals was solely on financial
growth
Focus on growth – even if products were low quality or
made no technical contribution
30. Core values – Johnson & Johnson
Emphasize is on ideals beyond profit
Founded by Robert Johnson in 1886 with the aim to alleviate pain &
disease
Business ideology placed service to customers & concern for
employees ahead of returns to shareholders.
Only when service to customers, employees & management have
been done then the stockholders should receive a FAIR return
31. J & J CREDO
J & J ideology was codified in the credo printed on old
style parchment
The essential ideology – Hierarchy of responsibilities
descends from Customers to Employees to
Management and then to Shareholders
Emphasis on FAIR return rather then MAXIMUM return
to the company and the shareholders
Credo is the link to any Key Decisions
32. J & J – translating credo into
Action
1982 – Tylenol crisis
Tylenol bottles distributed in Chicago laced with cyanide (not by any
employee)
Result – Death of 7 people
J & J used the credo as the basis for its response
33. J & J -Translating Credo into Action
J & J removed all Tylenol bottles from the entire US market and not
just from Chicago
Mounted an intensive communication effort to alert the Public and
deal with the problem
At a estimated cost of $100 million – above efforts
J & J portrayed itself as a company willing to do what’s right,
regardless of cost
34. Bristol Myers
Bristol Myers Pledge – only on paper and not on practice
No Link between their Pledge and core business practices.
Focus is more on Profits and earnings and savings on cost
35. Bristol Myers
Faced an identical problem as faced by J & J
Excedrin tablets were found to be tampered with in DENVER area in
the state of Colorado
Bristol Myers recalled tablets only from the Colorado state and not
from the entire US.
Did not launch any campaign to alert the Public
Focus was more on minimizing losses to the company
37. Merck – Ideology & Values
“We are workers in industry who are genuinely inspired by the ideals
of advancement of medical science & service to Humanity” –
George Merck II, 1935
“Our Business success MEANS victory against disease and help to
humankind” – P.Roy Vagelos, 1991
Core ideal was to preserve and improve human life
These above ideals were translated into action when manufacturing
a drug to cure River Blindness
38. Merck -Translating Values into Action
River Blindness – a disease that infected a million people in Africa &
Latin America with parasitic worms that caused discoloring of skin,
intense itching & painful blindness
Huge market but no revenue - Million customers who could not afford
the product.
Merck still went ahead with their R & D and manufactured the drug
MECTIZAN – hoping that some government or any third parties would
purchase & distribute the products once available.
But the Governments themselves did not have the finance nor did
any third parties come forward
39. Merck -Translating Values into Action
Merck elected to give the drug away free.
It also involved itself directly in its distribution efforts
Why? – Failure to go ahead with MECTIZAN would have
demoralized their scientists and would have gone against their core
value of “preserving & improving human life”
Long term benefit for the company in the form of goodwill which
“somehow always....pay off”
Merck belief – Medicine is for the patient, for the people & not for
profits.
40. Pfizer
Core belief – to make profit out of everything we do –John
McKeen, President
Instead of spending Cash on R & D like Merck, Pfizer
went on acquisition drive
Acquiring 14 companies & diversifying into farm products,
shaving products, etc.
Focus was on making more money regardless of line of
Business