Ethics and Corporate Responsibility in the Workplace and the World

The Cheesecake Factory has been one of the more successful chain restaurants in recent years because they have provided great food and outstanding customer service in a fun atmosphere. The cheesecake factory employs a high standard of general conduct and moral aptitude. As a chief executive officer in today’s society, it is my responsibility to ensure The Cheesecake Factory abides by the laws and ethical duties that are mandated by today’s society. There is a copious amount of benefits to being a chief executive officer, however there is an equal amount of risk as chief executive officers are held liable for almost any action or infraction that their company has induced.

The barrier I have selected is the greenwashing mindset. According to the article in “The Business Roundtable Institute for Corporate Ethics”, “the greenwashing mindset—otherwise known as companies exaggerating trivial environmental changes to products, services, and processes—pervades many discussions of the environment. Characteristic of this mindset is the view that business could never act on values other than profit maximization, and that whenever a company engages in something that looks like it might be good for the environment, people should be deeply skeptical. In reality, this mindset asserts that the company is probably trying to make money, create a public relations smoke screen, avoid some future cost, or engage in other narrowly self-interested schemes.”

As shown in table 1, employees being dishonest can ruin relationships with coworkers and customers, ruin their personal reputation, and can leave important problems not resolved. Some of the more severe outcomes of acting dishonest can include termination and possibly even potential legal issues. In the article written by Ken Silverstein titled Enron, Ethics, And Today’s Corporate Values, he states that “sixteen executives involved in the Enron scandal were sentenced to prison” (Silverstein 2013). No matter the severity of the dishonest act, there will always be some form of punishment as the outcome. So how can employers reduce these acts of dishonesty in the workplace and prevent any of these punishable outcomes from occurring?

Ethics and Corporate Responsibility in the Work Place and the World discusses one of the world’s most successful pharmaceutical companies that enjoys a reputation as a caring, ethical and well-run company which produces high-quality products that saves millions of lives and enhances the quality of life for millions of others. In this hypothetical scenario the following will be discussed. The stakeholders will be indentified. Analyze the ethics of PharmaCARE’s treatment of Colberia’s indigenous population and PharmaCARE’s rank-and-file workers versus that of its executives. Determine whether Allen

In any type of business, ethical decision-making is usually at the forefront of company operations. It shapes the foundation of a company and gives employees a moral compass as to what is expected of them ethically. Ethical-decision making prevents individuals from profiting from their own personal methods, while representing the company as a whole. There has been several cases where an individual of an establishment has gone against the company’s moral scale for their own benefit and ended up costing the company tons of money, or even worst circumstances, has caused a company to go bankrupt. After reading about Bill Daniels and his groundbreaking insurance story in Chapter 5 of Gonzalez-Padron (2015), it was obvious that Daniels displayed a great example of an ethical decision-making, as moral reasoning was his company’s entire foundation. This paper will describe the ethical tradition Bill used to save his own business, the approach he used to do so, factors that could motivate someone to develop higher stages of moral reasoning, and others who demonstrate dissimilar ethic styles.

In past years, organizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. Organizations are held responsible for their actions as demand grows for higher standards of social responsible behavior. With that being said, what are some of the ethical responsibilities companies have with their employees, and why are they

We as individuals come across situations in our daily lives that force us to make decisions that we may always agree with morally as well as decisions that may push our moral compasses to their limits. If you are a working professional no matter what the field, these decisions can come with big ramifications, good or bad. I have come to find that with every individual there comes a different set of beliefs, attitude, boundaries and ethical views. We do not all share the same brain so I find it hard to digest that we all think the same way during the same situations. We may not all see eye to eye on these topics but when you work for an employer whether it be a fortune 500 company or just a small mom and pops you have to adhere to their companies set of values and beliefs. Many large companies have policies and trainings in place to project these values to their employees. Business Ethics is defined as the application of a moral code of conduct to the strategic and operational management of a business (Applied Corporate Goverenance.com). As many large companies do provide the training on Business Ethics and what they expect from their employees many of the smaller companies do not. I have worked on both ends of the spectrum and while the training was very beneficial in my eyes I ultimately think that it is up to the individual to uphold these moral standards not just for the company but themselves as well. Companies may have variations on

Jim Goodnight is the CEO of SAS and has lead the company since 1976.Jim has brought innovations and corporate culture by his commitment and visions to meet the highest technology and work-balanced. SAS which stand for “Statistical Analysis System” have values and work on them to meet the highest standards and overcome boundaries to reach the future with great expertise and tangible results. In fact, SAS are committed to the highest ethical standards in its dealings with colleagues, customers, suppliers and competitors. Also, the company’s Code of Ethics associated with the compliance practices have earned the company its public reputation as an ethical and responsible employer and business partner with are engaged to provide

The WorldCom case presents two different responses to WorldCom's financial difficulties. Betty Vinson acted unethically and illegally, was caught and was punished for it. Cynthia Cooper acted ethically and legally, was recognized and lauded for it. While their ethical positions might initially seem simple, the reality is complex.

Corporate Ethics programs are a tactic to promote ethical awareness amongst all employees within an organization at all ranks from entry level employees up to the executives. They provide great educational tools, providing employee knowledge on how to resolve ethical issues in any ethical dilemma they may encounter in their day to day activities or long term projects. They also assist organizations with increasing their performance therefore improving prosperity and making profits. Ethics programs help avoid scandals, by ensuring the organization abide by the laws in place, know how to respond when faced with a questionable situation, and how to report unethical actions they discover. Organizations must have a formal ethic plan in place to

Companies today have been aware that it is very important for them to enforce ethics and morality in their actions and ideas. They know they will be profoundly analyzed and rejected by the public if these enforcements are not their number one to facilitate wellness in society. This way of rational thought pertains to the pharmaceutical industry. The pharmaceutical industry can regulate the health of many lives all over the world. It becomes essential that they follow the ethical and moral route for the good of society and to enable wellness. Pharmaceutical companies have been as easy target of many critics over the years. There is a perception that these companies are strictly out for profit and that they will stop at nothing to gain money

Traits associated to a psychopath include irresponsibility, manipulation, grandioseness, lack of empathy, asocial tendencies, inability to feel remorse, refusal to take responsibility for one's actions and superficial relations with others. Modern day corporations display every one of the previously listed characteristics. Is it right that an institution, whose power now rivals that of the State that once created it to seek the better welfare of its citizens, display the psychological traits of a dangerous personality disorder? Many say no: there is a rising discomfort with the corporation and its pervasion into every sphere of human life and it is this uneasiness that has prompted many academics to further study the corporation and its

What is needed to help ensure that a business is ethical and socially responsible, and why are these essential to a thriving business?

Ethics or what it is sometimes known as moral philosophy is an idea that involves the decision or right or wrong conduct. Ethics play a very vital role in any business and especially in the world of international business. In an international business setting the set of ethically right doings expands greatly due to a particular countries ethics standards. Not all ethics standards are the same especially when dealing with countries across the seas from the United States of America. Due to different religions, public standings, and how different countries handle their business determines what sort of ethics codes are being conducted. And ethical dilemma is a situation where two of these ethics codes clash and the line between what is right

ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financial benefits from the sales of products. Consequently, managing business in a socially responsive manner contributes to the best combination of business success and societal acceptance, trust and loyalty. Giving back to the community in ways that benefits only society such as planting trees to curb pollution and help the environment or using biodegradable materials in packaging can reap financial benefits to a company by building loyalty among the community. The notion of business ethics and corporate social responsibility is becoming a defining concept in all industries worldwide. ITC believes in the Triple Bottom Line philosophy where the performance and perception of a corporation should not be judged only on the basis of its financial statements or revenues, but its environmental and social performance as well. ITC is one of the only companies in the world to be carbon positive, water positive, and conduct solid waste recycling. ITC provides water to areas where water is very