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 ...Show more

Summary

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
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Ethics and policies"
with a personal 20% discount.
Grab the best paper

Related Essays

Ethics and Policies Found At British Airways
One of the most ethically unsound businesses practices is in believing that their businesses are above reproach and there is no real need to head implementation of a business ethics program as long as the employees themselves are following ethical business practices.
11 pages (2750 words) Essay
Ethics and policies
In todays world of high expectations for proper business behaviour, a code of conduct statement that publicly highlights steps to reinforce corporate actions can serve to make the company appear reputable. This work shows the relationship between
10 pages (2500 words) Essay
Ethics
However, what is right and who is to judge are important considerations when discussing personal ethics. Slavery was accepted by society therefore, at that time, this atrocious practice was not considered unethical. ‘Fixing’
6 pages (1500 words) Essay
Ethics
f Ethics) The main aim of any training and development in an organizational set up is to make the individual self sufficient in all the segments of his organizational life. The organization has a commitment to the environment and the society and the employees must be taught
2 pages (500 words) Essay
Internal Policies (Accounting Ethics)
Internal policies are all the more required to have disciplined approach for the business contracts and electronic communication and data retention. In order to have transparent business contracts, my organisation provides for
2 pages (500 words) Essay
Corporate Social Responsibility Policies, Including Business Ethics and Impact on Business Practice and Key Stakeholders
Research presents a potent tool in eliciting current perceptions of these sectors of society. Stakeholder mapping serves as an instrument of business
4 pages (1000 words) Essay
Enrons corporate ethics policies
This made Enron the best example of willful fraud and widespread corruption. The Enron scandal caused further investigation of accounting practices of several corporations in the United States and motivated the creation of
3 pages (750 words) Research Paper
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT