Code Of Ethics In Global Corporations

Global corporations have the responsibility of making successful strategic decisions when developing a new plan for their company. One wrong move and these corporations could negatively impact the shareholders, surrounding communities and the environment, as well. It is imperative that these large global corporations understand how the roles of ethics and social responsibility have an enormous impact on those that are directly invested in them. The decision making process is a delicate process that requires special attention to detail and perhaps even a blueprint on how their decisions should affect society. It is also very important that the corporate executives have a well-rounded and balanced strategy when pursuing shareholders profits. All decisions should always be made using their blueprint of strong ethical code in order to prevent a negative

When global and domestic corporations fail to abide by a strong ethical code it puts them jeopardy at the potential collapse in their company. This happens when shareholders lose trust in the corporations decisions and ability to retain or expand their growth margins. The agenda of every corporation should always include the success of its company, shareholders, and surrounding communities. Utilitarianism is probably the most widely accepted code of ethics. This code of ethics is the most practical approach because it is known to create the least amount of suffering to the individuals and communities that are directly connected to the corporation. It would be very unethical for a company to participate or engage in activities, deals, or transactions that create widespread suffering to its communities just for the simple reason of maximizing profits. Unfortunately, there are several large global corporations that not only condone in this behavior, but also participate in