Scholastic Corporation is a global publishing company which publishes books for educational purpose mainly for school, teachers and including parents. For about 90 years parents and teachers have recognized Scholastic as a trusted brand name in terms of learning. …
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Scholastic Corporation is a global publishing company which publishes books for educational purpose mainly for school, teachers and including parents. For about 90 years parents and teachers have recognized Scholastic as a trusted brand name in terms of learning. The company remains focused on providing and encouraging children to read as well as love to learn. Scholastic was founded in the year 1920 by Robinson and in the current fiscal has revenue amounting to $2billion and is recognized as the global leader in children’s brand and has distribution with more than 9500 employees globally (Scholastic, 2012). Does your organization have a published code of ethics? If so, how do they promote this code? The Scholastic has a published code of ethics for its employees. The Scholastic code of ethics is based on the company’s Credo and Editorial Platform which also sets the company’s belief of how the children, teachers and parents must be treated by the company.The Board of Directors of Scholastic has set a high standard for the employees, directors and officers. The philosophy is to have sound corporate governance and it’s the duty of the directors to act as a prudent fiduciary for the shareholders. To fulfill the company’s responsibilities and act accordingly, the Board of Directors follows a standard and the procedures which are set forth in the guidelines issued by the company (Scholastic, 2012). Scholastic promotes its code of ethics by applying it into practical life and the result can be determined as it’s the global leader in publishing books and the most trusted publishing company. Scholastic believes in dignity and worth of individual For example the company Scholastic, organizes thematic lessons in order to welcome students and to build a community. As a part of their code of ethics the company is trying to promote through creative lessons which are a perfect means to warm the skills required after summer vacation (Scholastic-b. 2012). How would you classify your organization’s ethical orientation? Ethics is classified under two broad headings which are termed as normative ethics, which means how principles, values and beliefs should be determined and descriptive ethics which includes beliefs, morals and principles which people abide by. Normative ethics refers to the norms and guidelines; it signifies an ideal behavior so that it can be termed as proper. This form of ethics tends to answers moral queries which concern the act of people and their behavior. The normative ethics helps in
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4. Enhancing and developing skills of moral judgment, reading, persuasive speaking and writing. 5. Formulating practical; frame work for any decision making 6. Enhancing proper knowledge on hoe to encourage and maintain ethical, corporate climates. Business ethics defines the application of an ethical value to all business behavior ethics is not an ethereal abstraction and is a practical aid to business problem solving.
Moreover, the study will explore the relationship between business ethics and profitability of the business. Introduction Business ethics can be defined as the morality that results from a person’s own moral standards in the context of the environment in which the business operates.
Business practice is the study of policies and the management of controversial and critical issues. These include issues such as insider trading, corporate governance, corporate social responsibility, discrimination, fiduciary responsibilities and bribery.
That is how firms can create a true value for them. Schulman (2006) argues that ethics need to be a "part of the company's mission statement, long-term strategic plan, public pronouncements, and codes of conduct." He categorically emphasizes to follow some essential cardinal principles and some of them can be described as per the following.
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The approach that the author will take to research this subject will include a myriad of companies that have employed corporate social responsibility within their frameworks. He will focus on the state of affairs in controversy-stricken global businesses and highlight the importance of a dominant brand name in pulling the company out of the controversy.
5 Pages(1250 words)Research Paper
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