Business Ethics Case Study

1088 Words3 Pages

Business Ethics Part A Ethics are necessary to the internal and external output of a business. The managers at MKD have a responsibility to exercise ethical behavior towards their employees such as providing a code of conduct for employees to reference and abide by. A code of conduct is a set of guidelines for managers and employees to follow to make ethical decisions and maintain an ethical workplace. Managers should train new employees on the code of conduct and conduct refresher workshops to keep employees up to date on ethical expectations. In addition, MKD Managers should also seek to maintain an ethical workplace and encourage employees to report unethical behavior. In order to uphold an ethical workplace, all employees must not only comply with the codes of conduct, but also report when they witness a lack of integrity. Doing so will preserve the veracity of the business. MKD Managers should also strive to treat all employees fairly. Bias will cause employees to work inefficiently, feel unappreciated, create tension in the …show more content…

They recognize their social responsibility and take the necessary steps in fulfilling their commitments, and often exceed expectations. Businesses that take an accommodative stance preserve a positive reputation by taking the general public into consideration when make decisions that affect their customers, employees, investors, and the environment. A proactive stance is the most reputable stance for a business to take. Rather than reacting to situations, the business proactively take steps to avoid conflict in the future. Businesses that take this stance are considered ethically mindful of their customers, employees, investors, and environment. By taking a proactive stance, MKD would actively seek opportunities to contribute to society rather than just fulfilling their legal

Tentree Case Study
1000 Words | 2 Pages
Social responsibility requires managers to make decisions that positively influence the well-being of, not only their stakeholders, but the community as well (Jones, George, & Haddad, 2016, p. 111). Tentree has taken a proactive approach to the implementation of their corporate social responsibility (CSR) initiative. A proactive approach is demonstrated by a company’s eagerness to do more than the law requires for social responsibility (Jones, et al., 2016, p. 113). The basic social responsibility for a business is to use resources to increase profits without deception or fraud (Jones, et al., 2016, p. 112). Tentree goes beyond this basic social responsibility by being committed to environmental stewardship, sustainability and social responsibility
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1409 Words | 3 Pages
Times have changed drastically for businesses since the Internet and social media have become part of our everyday lives. It’s now easier than ever for the individual to gather data and follow organizations to ensure they are performing legally, morally, and ethically. Stakeholders believe that organizations have a social obligation to operate their business in an ethically, socially, and environmentally responsible way. The term for this idea is Corporate Citizenship. Corporate Citizenship is “the extent to which businesses are socially responsible for meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim is for businesses to create higher standards of living and quality of life in the communities in which they operate, while still preserving profitability for stakeholders” (Investopedia.com, 2013). Stakeholders are expecting organizations to conduct business in a way that meets legal, ethical, economic, and philanthropic expectations that go beyond commercial relationships. Many organizations are including corporate responsibilities in their corporate mission statements and goals. They want stakeholders to see that they practice ethical behavior and are committed to their local communities in order to maintain a positive corporate image. According to CNN Money “Wal-Mart Stores Inc., had $469.2 billion in revenue last year and has reclaimed the top ranking in the Fortune 500 ranking of the largest U.S. companies by revenue”( Hathaway, 2013). Wal-Mart has over 10,800 stores and is a company that can have a tremendous impact upon the environment and their current employees and future employees. Largely due to its size and resultant influence, Wal-Mart is receiving constant pressure t...
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Ethical Code Essay
1478 Words | 3 Pages
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
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820 Words | 2 Pages
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2353 Words | 5 Pages
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1665 Words | 4 Pages
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837 Words | 2 Pages
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
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756 Words | 2 Pages
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1155 Words | 3 Pages
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Dunkin Donuts Code of Ethics Analysis
1531 Words | 4 Pages
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1684 Words | 4 Pages
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1097 Words | 3 Pages
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The Importance of Ethics in Society
874 Words | 2 Pages
Ethical behaviour is what all career people should aim to have. Not just the ethical attribute but exceptional behaviour with this regard.this is because in order to build a career, one must be governed by the rules of ethics to safeguard oneself and others. Ethics are essential in the workplace because a tough ethical code provides a non-threatening environment with high employee morale. The corporate social responsibility is important to everyone,therefore it should not be neglected by the employees and the organization. Ethics purely center on personal conduct. It involves personal choices that can make or break a person in the workplace or business. The major importance of having good conduct is to maintain a high level of respect not just for people but for the proffession. Most people who begin their working career have aspirations of excelling at their jobs and reaching the pinnacle of their profession while maintaining a sense of values; however employees often become blind with ambition and put aside their sense of ethics in order to obtain financial security and recognition for their efforts. There are many things that one can gain from having good behavioural ethics in the workplace. It will develop a discipline which will propel the work practices to a higher level and will help set a high standard. It will promote teamwork among the workersand will also buil...
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Business Ethics Case Study
1348 Words | 3 Pages
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1051 Words | 3 Pages
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Business Ethics Case Study

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