Ethical behavior is a corporate issue that affects the company's bottom line. How do ethical issues impact organizations and operations? Include an example seen in the workplace, in the news, etc. that relates to real-life situations.
Why are the following business processes important? Which process do you feel is most important? Explain your reasoning.
a. Strategy development
b. Product development
c. Systems to produce goods and services
d. Order fulfillment
Ethical behavior is a corporate issue that affects the company's bottom line. How do ethical issues impact organizations and operations? Include an example seen in the workplace, in the news, etc. that relates to real-life situations. Your initial post should be at least 200-250 words.
Ethical issues greatly impact organizations and operations. Ethical behaviour greatly affects the stakeholders. Stakeholders play an important role in organizations. Stakeholders are those parties which are interested in the organization. Stakeholder includes Staff, public, vendors, regulatory authority, customers, investors, operational team, customers and society at large. They can have both positive and negative influence on the organization and hence their interests and objectives should be considered while making the ethical policies.
I want to give two examples, First is of Enron, as per BBC.co.uk, "In just a little over 15 years, Enron grew into one of the US's largest companies. It embraced new technologies, established new methods of trading in energy and seemed to be a shining example of successful corporate America. But the company's success was based on artificially inflated profits, dubious accounting practices, and - some say - fraud. " Enron failed due to its unethical policies.
Second example is of Benetton. As per the Benetton's website, "The Benetton Group aims at all times to combine economic growth with social commitment, competitiveness, care for the environment, business and ethics. The people - their moral values, daily input and desire to look to the future and to be the best - are considered central to every plan and ...
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