ethics and policies - Essay Example

Only on StudentShare

Extract of sample
ethics and policies

The intense and dynamic nature of business pressures may not provide enough time for reflection and with the high stakes involved it may be tempting to compromise on ideals. Moreover, well-minded people often exhibit major differences in opinions about what constitutes ethical behavior and how these ethical decisions need to be made, further compounding the complex nature of the subject. A lot of evidence that we discuss in this paper shows that the advantages gained in taking an ethical stance are well worth the efforts taken in this often tricky path. This paper identifies the inherent long term benefits of actively managing the business ethics process in organizations and explores the value in ethical leadership especially in the air travel industry using relevant examples.
The ethical issues that have afflicted companies like Enron, WorldCom and Tyco have brought the impact of ethics violations to the popular attention in the United States. Parmalat, Adecco, Ahoid and Skandia have grabbed the media focus in Europe. In all these scandals involving breach of corporate ethics, revelations have been followed by investigations, accusations, claims and counter claims. Legal wrangling involving formal investigations, testimony, evidence trials, verdicts and punishments have gained relentless media coverage. The resulting damage done to the reputation of these businesses is enormous. As a result, the employee morale becomes very low in this worrisome, suspicious and discouraging environment. May International, a management consultation firm, recently conducted a survey of businesses in US and in Italy to determine how business owners viewed corporate ethics. Concern for business and personal reputation was the reason most often (54% of respondents) stated by Italian business owners for concern about ethics. The most common reason (43%) noted by U.S. business owners for their ethics concern was the basic belief that ...
Download paper


The recent years have seen a number of well-publicized breaches of ethical conduct, some involving violations of law, of high profile executives that has brought tremendous attention to the way organizations manage business ethics and values. The media is rampant with stories of…
Author : devonteoconner

Related Essays

Ethics and Policies Found At British Airways
It is not only imperative that an organisation leads by example in ensuring their moral compass is well-tuned to avoid public scrutiny. One of those very types of organisations is in the most publicly scrutinized industries, the air travel business. Many principles are inducted into the air travel industry that are not just moral obligations but are actually form part of their legal obligation.
11 pages (2761 words) Essay
Ethics and policies
Ethics can best be defined as standards of moral behaviour that are accepted by society as right versus wrong (Nickels et al, 2005). Businesses, as much as an individual, are held accountable for their actions in relationship to societys ethical expectations. Most modern companies are struggling to emerge profitable and reputable in a market that is saturated with competition. One of the tactics used to increase positive visibility in the business world is in establishing a distinctive ethical position. As much important as a companys mission or vision statement is the establishment of a Code...
10 pages (2510 words) Essay
Most would not think cheating Uncle Sam out of such a small amount as ‘unethical.’ These types of behavior illustrate both how conditioning and association function to determine our course in life. While we are influenced by how we were taught regarding what is right and wrong within a given situation and we make decisions based upon our association with these rules, ethics can ultimately only be quantified on a personal level. Slavery was just as wrong then as now and cheating is always wrong even if it’s the government that is the victim. During the days of slavery, many knew it to be...
6 pages (1506 words) Essay
For example, some organizations have sound philosophy in making the environment clean and green and for that purpose they will try to avoid as much as activities which may harm the environment. The employees must be well aware of these things in order to work in line with such policies.
2 pages (502 words) Essay
Internal Policies (Accounting Ethics)
The basis of all the policies for having a successful business contract is that of privacy and confidentiality. The details of the clients are not divulged in any way. The draft can be as follows:
2 pages (502 words) Essay
Corporate Social Responsibility Policies, Including Business Ethics and Impact on Business Practice and Key Stakeholders
In this part of the paper, a stakeholder mapping analysis is performed to assess the key influences in Nestlé in the area of corporate social responsibility.
4 pages (1004 words) Essay
Enrons corporate ethics policies
The ethical dilemma that faced Enron involved satisfying shareholders interests and the need to service all the corporate constituents. Satisfying shareholders would attract more investors and create a good public image for the company, but it would be difficult to meet fully the greedy needs of those who contribute to the company’s operations; hence, a point of equilibrium was desirable to balance the two parties’ requirements.
3 pages (753 words) Research Paper
Got a tricky question? Receive an answer from students like you! Try us!