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Review of Premier Foods Code of Ethics and Its Implications - Case Study Example

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This study analyses the code of conduct and ethics policy at Premier Foods. One of the greatest difficulties any given firm faces when attempting to put together a Code of Conduct or Ethics Policy is how to decide what ethics/policies/conduct and actions will be enumerated upon…
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Review of Premier Foods Code of Ethics and Its Implications
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Download file to see previous pages Many firms make one of two pitfalls in relation to this aforementioned issue. Firstly, many firms seek to build an all-encompassing framework within their code of ethics that would seek to speak to nearly all conceivable issues that might arise during the course of business with relation to ethics and ethical decision making. Obviously, such an approach is foolish in that no matter how exhaustive such a code of conduct/ethics policy might be, it will never be able to sufficiently enumerate upon each and every situation that might arise. Secondly, and far less often, a firm will only briefly discuss their ethics policy/code of conduct due to their belief that all employees and shareholders know what is expected of them and belaboring the point in an ethics policy/code of conduct is both intuitive and rather meaningless. However, quite the contrary to either one of these pitfalls, the firm whose ethics policy will be analyzed in this brief essay, has put together a concise yet overarching framework which helps its consumers, employees, and shareholders to gain a firm grasp of where the company stands on key issues of ethical and moral responsibility (Wiley et al 2011, p. 14). Although it is impossible to create a code of conduct and/or an ethics policy that adequately speaks to all factors and situations that may arise, it is the belief of this author that the way in which the Premier Foods Code of Conduct engages both the key points of brand loyalty and trust among all participants, adherence to all regional, local and federal laws, and places a supreme emphasis on the employee decision making tree helps to differentiate the firm and its application of its code of conduct from its many competitors.
Whereas there is no correct or incorrect way to deliver the primary ethical basis for what helps to define a firm, Premier Foods lists their as a fundamental belief in and respect of “trust”. This trust is not merely an abstract concept; rather, it is the underlying cornerstone of the firm’s success. This belief in trust and desire to further its manifestations is evidenced by the fact that the code of conduct references this as the single most important factor that has helped to build the firm into the well developed and well-represented food processor within its given target markets. Furthermore, rather than providing a vague concept of the term, the code of conduct goes on to elaborate on the fact that trust cannot merely be related by means of ensuring that employees trust their employer or that suppliers trust their buyer, or that the end consumer trusts its producer. In this way, the concept of trust is inexorably linked to the way in which the firm seeks to promote its business model among all the shareholders involved within the process. Although trust is oftentimes a key component of any business ethics or code of conduct, the firm in question takes such an approach with the utmost importance as it is the very first topic that is enumerated upon and demands a strict appreciation and adherence by all team members and/or shareholders in order to effect the goals and designs that the company should attempt to engage as a function of their operations.
The code goes on to build upon this concept of trust by stating that a key determinant of the trust that they expect from their employees is not merely an appreciation of the term but the actionable response to wrongdoing as might be evidenced within the corporate structure at any and every level. ...Download file to see next pages Read More
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