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Ethical standards for managerial decisions
Ethical practices in business
Ethical practices in business
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Dole Food company is an international distributor of fruits and vegetables founded in 1851. They have also broadened their company into the nutrition research and education field. In Dole’s mission statement Dole is stating that as a corporation it holds the highest standards in it’s products, research, and education while still upholding high ethical conduct in its business. “Dole Food Company, Inc. is committed to supplying the consumer and our customers with the finest, high-quality products and to leading the industry in nutrition research and education. Dole supports these goals with a corporate philosophy of adhering to the highest ethical conduct in all its business dealings, treatment of its employees, and social and environmental policies.”(Dole). Dole has come a long way since it’s humble beginning in 1851. In 2010 doles recorded revenue was $6.9 billion dollars making it the biggest international distributor of fruits and vegetables. One of the major difficulties in a corporation like dole is to uphold …show more content…
In the about us page on Dole’s webpage they describe different programs designed to facilitate their high standards. “Dole's dedication to quality is a commitment solidly backed by: comprehensive programs for food safety, scientific crop protection programs, stringent quality control measures, state-of-the-art production and transportation technologies, continuous improvement through research and innovation.” (Dole) When you go to buy groceries as a customer you want a guarantee in quality. Dole guarantees it’s quality through scientific research and developments. Also dole is a founding member of National Five A Day For Better Health Program. This program was developed to provide technology based nutrition education to children. With Dole being involved with nutrition based education the company is showing it’s involvement with the community’s well
State Farm was founded by farmer, George Jacob "G.J." Mecherle in Bloomington, Illinois. Mercherle didn’t think it was fair that families and other farmers that lived in rural communities paid the same auto insurance rates as those that lived in Chicago. He wanted to establish an “honest insurance company that provided rates related to the risk” (State Farm, About Us). In 1922, after the company opened its doors, a new claim was made which established State Farm’s promise “to be there when the unexpected happens” (State Farm, About Us). According to the State Farm website, the company handles nearly 35,000 claims per day.
An effective mission statement at a fire department can be incredibly influential on the morale of the personnel—which as a result, can dramatically improve the performance of personnel when put into practice. Furthermore, because of the importance of a fire department’s mission statement, there should be a considerable amount of thought put into the drafting of one; and one of the most vital parts of an effective mission statement is to make sure that it can be put into practice. With that being said, the mission statement at my fire department is “One Team, One Group, One Fight”.
Maintaining an ethical culture has been a struggle for the company for decades but when Hugh Grant took over as CEO, he the reformed the companies ethical culture. Before Grant, Monsanto was knowingly polluting a creek in Alabama with toxic waste, as a result, the polychlorinated biphenyls levels were outrageously high and many fish became deformed. The company had been doing this for forty years, “Once the cover-up was discovered, thousands of plaintiffs from the city filed a lawsuit against the company” (Ferrell, Fraedrich, & Ferrell, 2017, p. 383). Consequently, trust amongst stakeholders was broken, the companies stocks was impacted, dropping nearly by 50 percent. Grant worked to turn the company around and did just that by focusing on GM foods. “Today, Monsanto employs approxi- mately 22,000 people worldwide. It is recognized as one of the 100 best corporate citizens by Corporate Responsibility Magazine”. (Ferrell, Fraedrich, & Ferrell, 2017, p. 384) Despite all the legal battles the company has faced and ethical blunders, the company today now does maintain a better ethical
In her book Marion Nestle examines many aspects of the food industry that call for regulation and closer examination. Nestle was a member of the Food Advisory Committee to the Food and Drug Administration (FDA) in the 1990’s and therefore helps deem herself as a credible source of information to the audience. (Nestle 2003). Yet, with her wealth of knowledge and experience she narrates from a very candid and logical perspective, but her delivery of this knowled...
In the documentary, Food Inc., we get an inside look at the secrets and horrors of the food industry. The director, Robert Kenner, argues that most Americans have no idea where their food comes from or what happens to it before they put it in their bodies. To him, this is a major issue and a great danger to society as a whole. One of the conclusions of this documentary is that we should not blindly trust the food companies, and we should ultimately be more concerned with what we are eating and feeding to our children. Through his investigations, he hopes to lift the veil from the hidden world of food.
This essay is an ethnographic study of Whole Foods Market which is located in Kensington, London. Whole Foods Market is a niche supermarket that sells high quality organic and natural products at high prices. In this essay, I will provide a brief orientation of ethics with regards to the concepts of Corporate Social Responsibility - macroethics and Business Ethics - microethics and the theoretical frameworks of consequentialism, deontology and virtue ethics. I will be using deontology framework in ethics devised by Immanuel Kant to assess if the marketing strategy and the products sold at Whole Foods Market support their principle of ‘organic and natural’.
Taking the e-commerce market by storm, Amazon.com was founded in 1994 (Amazon.com). Bringing the company to life was Princeton engineering graduate Jeff Bezos. He first thought of the idea to create Amazon.com when he was simply searcing the internet. He first worked as an investment banker D.E. Shaw & Co. where he was looking for investment opportunities for the company. surprisingly, he found that the internet was growing over 2,000 percent per month (“Jeff Bezos the King of E-Commerce”). He saw this as a massive opportunity and decided to start Amazon.com to first sell books. Amazingly, Amazon.com now has over 232 million products for sale for United States residents including electronics, clothing, and their own movie streaming
A meaningful ethical issue for Whole foods that stakeholders have neglected may be the inappropriate and unprofessional actions of Whole Foods’ CEO when he said that the company sells a lot of junk food and no natural product for its customers. Customers may doubt the food and product that the company sold; as a result, the company could decrease its profit and increase its competition. On the other hand, another situation that some stakeholders might have neglected was when Whole Foods bought Wild Oats Market reducing and almost eliminating its competence. The negative impact for the company was that Wild Oats Market had a big debt and because of this, they had to paying off this new liability. The acquisition could be a big mistake for some
Some businesses have monopolised on the added value of ethically sourced products, through promoting a positive brand image of no animal testing and sustainable production techniques, they are able to have higher priced goods than other commercial rivals. Despite starting with a share price of 21p by the end of the year, Harriet had led the company to a respectable share price of 153.13p (Ferrabee, D. 2013). In this case the firm failed by losing its original CEO but this did not lead to the bankruptcy of the business, it survived and thrived under new management, so overall the change cannot be counted as business failure. Unethical business practices can be detrimental to a business and cause failure, irrelevant to consumer opinion.
To ensure that all food meets consumers expectation in terms of nature, substance and quality and is not misleadingly presented
The six basic guidelines outlined by the George S. May International Company (GMS) for making ethical business decisions are so simplistic and common sensible that it is hard
The film highlights the potential thoughts of previous food company CEO’s now being the political figures that decide their laws and regulations. There is no one governing their decisions that continue to allow the companies to function in unethical standards. The film also highlights the topics of patenting of seeds and how the financial benefits for the companies has destroyed America’s corn farmers. Our nation has become so dependent on cheap and fast food that we have allowed the government to turn a blind eye to the mistreatment of workers in the industry to keep our dollar menus. The film urges us to make smarter decisions about our food consumption which in turn will help bring down the cost of the smart foods we should be
This paper examines the ethical foundations of two companies operating in very different markets. Starbucks’ is a chain of coffeehouses specializing in gourmet coffee lines. Starbucks is based on sound ethical principals permeated through the central core of its business operations. The result of several probes leads to a conclusion that Starbucks does business in a profitable and morally sound manner.
Nowadays, it has been acknowledged that having an ethical business could determine the future business success. According to the 2015 Edelman Trust Barometer, consumers purchase a particular product because of their trust on the company produced it (Edelman Berland, 2015). Therefore, more company has instilled their ethical values to operate their business. Nike’s corporate as one of multinational enterprises (MNEs) has also implemented its code of conduct and code of leadership standard. The purpose of this policy is to ensure the ethical practices in their business. The company has revised these conducts since Herbert’s 1996 (cited in DeTienne & Lewis, p.361) criticized Nike as a giant pyramid which repress its labours. This critique was
McDonalds is one of the largest food chains globally and in the U.S. It has one of the most recognized symbols with the golden arches. There are more than 34,000 local McDonalds around the world and they serve approximately 69 million people in 118 countries every single day. They also spend about two billion dollars on advertisements each year. The ethical issue that I want to address in this essay is whether or not McDonalds is ethical for advertising and selling obese and unhealthy foods to its customers. I believe it is important to explore this organization because McDonalds is one of the largest and most well-known food chains around the world. It is important to know that an organization as successful and large as them is also ethical with their approach. If a corporation as successful and profitable as McDonalds can be ethical with their selling and advertising schemes then just about any other organization or corporation striving towards that same goal can be too.