Question

In: Accounting

Prompt You have been hired for a managerial position at a large telecommunications company, replacing a...

Prompt

You have been hired for a managerial position at a large telecommunications company, replacing a manager who was recently terminated for allowing direct reports to engage in unethical behaviors. Your first task as a new manager is to improve the ethical climate in your department and to create an action plan for fostering high ethical standards, based on what you know about ways leaders can promote ethical behavior in organizations. In one or more fully formed paragraphs, describe two types of ethical codes you could employ, then state which one(s) would be optimal to employ, and why. Next, summarize three additional ways you intend to engage employees to build an ethical culture.

Update to question above. Should be more clear

Solutions

Expert Solution

A Code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization. How professionals are supposed to approach problems, the ethical principles based on the organizations core values and the standards to which the professional is held.

A code of ethics also referred to as an “ethical code” may encompass areas such as business ethics, a code of professional practice and an employee code of conduct.

Different types of code of ethics:

1. Confidentiality and privacy policies:

In recent years many companies fallen prey to hackers stealing client information or proprietary data. One code of ethics section require that employees maintain confidentiality when handling customers personal or private information, also include similar policy that relates to the company secrets. Privacy policies are more than something you should do as a business owner they are now regulated and required by law when any company collects public and private information. Train employees on best practices to keep personal information out of the hands of bad people.

2. Promoting green business practices:

Another value based code of ethics topic is promoting green and environmentally sounds business practices. This often includes limiting paper consumption but also has to do with recycling, waste disposal and the types of products a company uses to reduce its carbon footprint. That same cleaning company could require that all products follow specific environmental standards of safety for people, peta and the environment.

3. Obeying the law:

Obeying the law is a code of ethics subject that seems as if you shouldn’t need to state it. However finding out that employees have broken the law either during or after work can affect a company’s brand. For example, a flower shop might require that all delivery drivers maintain a clean driving record. If an employee gets a DUI after work, this could affect his ability to do his job, even though the activity wasn’t during his shift but this is a necessary part of the code of ethics.


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