Free

Ethical Behavior of Companies - Essay Example

Comments (0) Cite this document
Summary
This research will begin with the statement that in shaping ethical behavior, companies are subjected to several principles that guide business integrities. These policies define the association between the organization and its stakeholders…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Ethical Behavior of Companies
Read TextPreview

Extract of sample "Ethical Behavior of Companies"

Business Ethics
In shaping ethical behavior, companies are subjected to several principles that guide business integrities. Specifically, these policies define the association between the organization and its stakeholders as well as describe its level of integration into the society in which it operates. In my opinion, companies should be guided by the principle that advocates responsible shareholder-value optimization. According to this code, the business should give a priority to its shareholders’ long-term interest, but meet the social and environmental expectation of the public. Fundamentally, this policy meets the interest of the investors, its support for ethical actions and responsibilities, and its inclusion of the Corporate Social Responsibility (CSR) within its strategy.
Honoring the interest of the shareholders is the priority of any business investment. Investors expect to yield maximum profit from the venture by maximizing revenue and minimizing cost. However, balancing these parameters leads to adverse consequences that result in social or environmental conflict with other stakeholders. Therefore, the integration of a CSR framework comes in handy to solve the conflict created by the business operations.
The Corporate Social Responsibility model requires the firm to be responsible for its business practices that affect the community or the environment where it operates. However, this does not come at the expense of the enterprise success. For this reason, the value optimization is the ideal practice because it embraces social, economic, and environmental accountability to its stakeholders.
The responsible shareholder-value optimization principle supports ethical actions and responsibility of the business to its stakeholders. Under this principle, the organization is responsible for any social, economic or environmental inconvenience caused by its maneuver. As a result, this role gives the business a mandate to ensure ethical practices that are within the expectation of the shareholders, the community, and other stakeholders. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Ethical Behavior of Companies Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Ethical Behavior of Companies Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1676318-this-is-an-international-business-paper-please-see-the-detailed-information-below-it-requires-to-read-a-ppt-before-writing-it
(Ethical Behavior of Companies Essay Example | Topics and Well Written Essays - 250 Words)
Ethical Behavior of Companies Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1676318-this-is-an-international-business-paper-please-see-the-detailed-information-below-it-requires-to-read-a-ppt-before-writing-it.
“Ethical Behavior of Companies Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1676318-this-is-an-international-business-paper-please-see-the-detailed-information-below-it-requires-to-read-a-ppt-before-writing-it.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Ethical Behavior of Companies

Ethical behavior in workplace

...? Ethical behavior in workplace In contemporary era of rapid globalization, ethical considerations become highly critical element of promoting mutualrespect and cross cultural understanding. Globalization has greatly facilitated migration of people from across the globe. The multicultural societies have increasingly become a norm as it comprises of individuals from different countries, culture, race and color. Ethical behavior in personal and professional lives is important aspect of leaders and managerial leadership, especially within work environment (Adam and Mane, 1998). Till recently I was working for a fast food joint. One day, I was really shocked...
2 Pages(500 words)Essay

Ethical Issues and Behavior

...footsteps. Thus, if the top management is committed to display of ethical behavior, subordinates most probably would as well. Top management can achieve this by emphasizing upon the need to act ethically in meetings and memos that are circulated around from time to time. “It is important for leaders to tell a compelling and morally rich story, but ethical leaders must also embody and live the story….CEOs in today’s corporations are really ethical role models for all of society” (Freeman and Stewart, 2006, p. 3). Wal-Mart is one company that has changed its behavior in these years for the better. In the year 2004, Lee...
4 Pages(1000 words)Essay

Ethical Behavior at Bayview

...? Ethical Behavior at Bayview Introduction. All the s of higher learning aim at attracting excellent as well asestablishing honesty culture and standards, which are virtuous in all students (Bok, 2000). It is worth noting that different institutions have tried to curb this issue by adherence to some academic codes of hour, rituals of the institution or pledges of the students during their admission into the school in vain. This urge necessitated the discovery of technology that has made academic cheating easy to be realized and difficult to be identified by the faculty or dean of institutions (Bouville, 2010). As one of their duties, institutions expect the dean or members of the faculty to make sure that...
10 Pages(2500 words)Essay

Ethical Behavior

...bodies for their members to observe. Any code may be considered to be a formalization of experience into a set of rules. A code is adopted by a community because its members accept the adherence to these rules, including the restrictions that apply. Good ethics and good business Why should a company consider ethics in directing its behavior - on top of law, self-interest, and convention The worst conceivable result of high moral standard would be competitive or other tangible detriment because the special efforts and costs a company attaches to ethical consideration result in net disadvantages for it. There are a number of indications...
8 Pages(2000 words)Essay

Ethical Issues of companies

...PART A A1) Whistle-blowing would have been an easier option, but looking at the ethical framework it is not the right thing to do. By whistle blowing, I would be putting the jobs of the factory foremen in jeopardy against a little advantage of bringing the issue to the knowledge of people. This again will fall back on the company and my career and hence I feel this is not the right thing to do at the moment given that I have been only hired a few days back and it is hard to change the ongoing attitude of people within days. Similarly, by whistle blowing, I would be doing harm to my career and will suffer the fate of my predecessor. In simple words, there is more harm than gain from whistle-blowing in the...
6 Pages(1500 words)Essay

Final case Analysis for Richardson Drilling

...Practices Act of 1977 and the Sarbane-Oxley Act of 2002, has mentioned the issues of unethical attitude of businesses in foreign countries. Ethical behavior of companies is so important that American businesses spend almost $40 billion on mitigating such problems, according to an estimate by Wimbush and Shephard (1984: 637-647). To communicate proper ethical behavior across all levels in the company, businesses conduct training sessions, have their individual code of conduct, rewards and recognitions, etc. Even with the faults and weaknesses present, the American business model is still taken as a model and according to Mahdavi,...
4 Pages(1000 words)Essay

What companies or organization have shown strong commitment to making the world a better placeHow do their practices align with your personal views of ethical behavior

...do their practices align with your personal views of ethical behavior? Apple chooses to manufacture its products in China because of the low labor costs there. While I may not agree with this decision completely, I understand the need to make a profit. Also, people like me are able to get a high quality product for a very low cost. There are sometimes complaints about the treatment of workers in Chinese factories that make Apple products, but I think that Apple does its best to look after any employee that contributes towards the company’s success. My personal views of ethical behavior are that a company should put the views of its...
2 Pages(500 words)Essay

Ethical Behavior

...and innate desire to deceive, or offer punishment to Babbs for not taking her time to do that which is required of her, attend lessons and submit her own work on ethics. On the other hand, the professor’s lack of ethics is not dependent on Babb’s behavior on the exam but is based on his own bias. In relation to this, the professor is expected to be an individual of high moral standing, where they observe honesty, fairness and pay attention to cheating students, as well as respect their position in power (Friedman et al, 2005). However, professor Wind plenty only portrays his ethics with a bias by punishing Babbs appropriately and sparing another who cheats right before...
2 Pages(500 words)Essay

Ethical behavior and ethical perspective

... ETHICAL BEHAVIOR AND ETHICAL PERSPECTIVE Ethical making decisions is very important and can affect the evaluation phase that it belongs to. Some of the ethical decision that are made keep ethical theories to the background and hence are used in the decision making procedure of everyday life. Others do ignore the theories when they are making their decisions and only really on the theoretical approach that is cognitive moral development. Some studies have been on the fore front of examining the link between the theories and the way that most people make their decisions. These reasons are justified to belong to the criteria that is...
6 Pages(1500 words)Research Paper

Coaching ethical behavior

...Coaching ethical behavior Coaching ethical behavior Ethical behavior is concerned with not only following what is deemed to be right but use analytical skills that will guide one in making sound decisions. A leader in any organization is regarded as the face of the organization and how the organization members conduct themselves affect the image of the organization (Passmore, 2010). Leaders can coach their members on how to enhance their ethical behavior. Coaching is defined as a process that facilitate maximization one’s potential. The following are ways in which can coach ethical behavior: Setting guidelines and refreshing team members-As a leader, the team member should know what is expected of them. Even if they know, how... they are...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Ethical Behavior of Companies for FREE!

Contact Us