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Business ethics - Essay Example

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Business Ethics Table of Contents Table of Contents 2 Introduction 3 Critical Analysis of Code 3 Three Main Components of Code of Conduct of Cookson Group plc 8 Conclusion 12 References 13 Bibliography 14 Introduction Business ethics is fundamentally described as the application of ethical ideas in business for performing business activities in accordance with ethical standards…
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Business ethics
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Download file to see previous pages Cookson Group plc is a leading multinational company dealing with material science relating to substances as well as chemicals that are required in the production processes of industries such as steel and electronics among others. Moreover, the company is facilitated with enhanced technical services as well as with better R&D facilities. Furthermore, the company performs business activities based on ethical standards as well as quality (Cookson Group plc., 2011). The discussion will emphasize upon critically analysing the code of conduct of Cookson Group plc. Moreover, identification of three major components that demonstrates the values as well as the business ethics of the group will also be portrayed in the discussion. Critical Analysis of Code Code of conduct of different companies signifies that the employees of the companies are required to perform their respective functions complying with the moral standards as well as the values. It has been apparently observed that several companies have given much importance to improve ethical performance within the workplace for encouraging the employees to perform their activities in an ethical manner. Moreover, codes of conduct are viewed to be the statements of values as well as ethical standards of companies. Furthermore, code of conduct provides terms as well as conditions in accordance with the operations of a company that are required to be conducted. It also provides standards for sustaining a better environment as well as in maintaining health as well as safety of products or services that offers by a company. Codes of conduct are formulated on the basis of certain specific sector or issues with the motive of minimising or eliminating those issues as well as to improve performances of those sectors (Mamic, 2004). Code of conduct generally comprises certain major components such as code of ethics and value statements among others. A code of conduct generally signifies a written statement stating the behaviour which is to be adopted by the employees while performing their individual functions within a company. Furthermore, code represents the desire of the management of a company to implement certain specific policies as well as values for conducting business operations in an efficient manner (Venugopalan, 2011). There are varied factors that influence code of conduct which comprise corporate culture prevailing in the working environment of a company as well as standards that are utilised for measuring behaviour of the employees as well as the performances of a company. It has been viewed that code of conduct primarily depends upon the resources that are utilised for monitoring as well as implementing the procedures within a company. Training facilities provided to employees can also be considered to be an influencing factor of code in a company. Furthermore, communication system as well as flow of information in the workplace of a company determines company’s code of conduct (Mamic, 2004). Code of conduct is required to be developed with an appropriate language. In this similar context, code of conduct of a company is required to be communicated in languages which will be appropriate for the audiences such as customers and investors among others worldwide. Code of conduct represents certain values as well as standa ...Download file to see next pagesRead More
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