Understand that the success of any business is through the leader's ethical practices, ethics should be the foundation of any organization and/or business. Look for two articles (references); one on ethical practices, and the other on unethical practices. Summarize how each would impact the companies reputation in the marketplace and in public.© BrainMass Inc. brainmass.com October 17, 2018, 12:58 pm ad1c9bdddf
An online source noted that ethics concern an individual's moral judgements about right and wrong. As applied to organizations, the decision to behave ethically is a moral one - employees must decide what they think is the right course of action. This may involve rejecting the route that would lead to the biggest short-term profit (http://businesscasestudies.co.uk/cadbury-schweppes/ethical-business-practices/the-importance-of-ethics-in-business.html#axzz3NnVnHCmz).
Another online source described companies that are abound with ethical practices - in fact, honoured as such. Such companies "understand the correlation between ethics, reputation and daily interactions with their brand". Kellogg, maker of Corn Flakes, Pop-Tarts and mini-wheats, has been awarded as one of the most ethical organizations. Ethisphere, the independent awarding company, describes them as companies that truly go beyond making statements about doing business ethically and translate those words into action. They "not only promote ethical business standards and practices internally, they embed the theory of 'conscious capitalism' into everything they do, every employee they hire, and every partner they bring into their network to ensure they ...
This response discusses ethical concern on judgment and corresponding decisions on what is right or wrong. In business, this involves important decisions for the company's stakeholders. Being ethical would mean high regard to the welfare of the consumers, employees, and the society as a whole. Being unethical would be the opposite. Both behaviors would impact company's reputation and consequently employee turnover and marketing and financial performance.
Ethics in Corporate America
I need help with the following:
Imagine that you are a shareholder of two large corporations: one whose leadership was just involved in very public questionable business practices and the other whose leadership is involved in high-profile social responsibility programs. Write a report to the board of directors of the first corporation expressing your concerns about the leadership and your recommendations for improvement.
To prepare for this assignment, complete the following activities:
Review Table 6-3: "Examples of Unethical Behavior by Business Leaders."
Use the Internet to find the current status of two (2) of the executives from this table.
Read Chapter 6 Leader in Action: "Joe Crosby of Coach' Low Country Brands Helps the Community." (Ch 6 found here:
Go to www.wholefoodsmarket.com and read about the company's social responsibility programs and its CEO John Mackey.
Write a four to five (4-5) page answer that responds to the following:
1. Compare and contrast the organizational performance of companies with unethical business leaders and companies with ethical leaders.
2. Analyze the consequences to business leaders who engage in unethical business practices based on your research.
3. Evaluate the impact of social responsibility programs on organizational performance, using Whole Foods as an example.
4. Assess the leadership qualities of an ethical business leader and determine why those qualities have a positive impact on organizational performance.View Full Posting Details