Question

In: Operations Management

Ethical codes have an important part in creating an ethical culture.

Ethical codes have an important part in creating an ethical culture. Explain how to construct a code, specifically what must be included and what should be included.


Solutions

Expert Solution

every business should have a ethical code. Ethical code in the organisation shows how a organisation is running. The code of ethics you create communicates the company's philosophy to employees, vendors, customers, clients and the public.

steps a company should take to construct for a good ethical code:

1.initial step for any business before setting up ethical code in your organisation is review the ethical code of the related business. See what are their strategies and what is required for your company.

2.review all the documents of the business that can help you to decide ethical code for your business. Use those documents as a guide when you create your formal code of ethics.

3.Think about the ethical dilemmas that face not only your company, but also its competitors. The ethical issues differ from one company to another. And its important to mention such things in the ethical code of the business.

4.before making the ethical code think from the perspective of the employee. Many companies does not bother about it.if the employees are not happy then they wont work hard and the business will not survive in the long run. Suggestions from the employees should be taken.

5.If your small business is mainly a family affair, outside employees might feel intimidated when they work with your family members. Make sure the code of ethics directly addresses hiring practices nd the outlets for perceived grievances

6.Appoint a person who can efficiently look after the code of ethics. Provide all the facilities so that she could do her job with utmost perfection.allow her to interact with the members of the organisation.the situation should be like every person should be in a position to share their grievances about the work place.

7.after considering all the factors send it to the lawyer of the organisation.and ask him for suggestions.

in this process a good ethical code of conduct in the business can be established.

according to me the main thing to be considered is suggestions of the employees .if their is anything in the work place which they are not comfortable about then they cannot perform their duties well.this will definitely effect the organisation.and if it effect the organisation it cannot survive in the long run.

reference is taken from the article written by Bonnie Conrad .


Related Solutions

What is culture? What are the most important factors in creating a culture? Do you think...
What is culture? What are the most important factors in creating a culture? Do you think cultures are becoming more alike? Is it a good thing or a bad thing? Give reasons?
1-What is culture? What are the most important factors in creating a culture? 2-Do you think...
1-What is culture? What are the most important factors in creating a culture? 2-Do you think cultures are becoming more alike? Is it a good thing or a bad thing? Give reasons?
What’s your responsibility to help foster a disciplined, synthesizing, creating, respectful and ethical organizational culture where...
What’s your responsibility to help foster a disciplined, synthesizing, creating, respectful and ethical organizational culture where these “minds” will be respected and supported?
Which of the following is true of an ethical organizational culture? a. An ethical corporate culture...
Which of the following is true of an ethical organizational culture? a. An ethical corporate culture can be compromised for short-term financial gains. b. An ethical culture empowers employees to act in ethically responsible ways even when the law does not require it. c. An ethical corporate culture evolves naturally and is self-sustaining. d. An ethical corporate culture changes rapidly with whatever social trends that are prevalent at a given point in time.
Explqin why ethical culture is important for a company and how it informs good decisions and...
Explqin why ethical culture is important for a company and how it informs good decisions and how you would incorporate integrity and ethical culture in an accounting department,
Is having an ethical culture important to having an effective system of internal control? Why or...
Is having an ethical culture important to having an effective system of internal control? Why or why not? Are one or more of the fundamental principles found in codes of conduct more important than the rest? Why?
creating a budget is an important part of which phase of the planning and control process?...
creating a budget is an important part of which phase of the planning and control process? a. planning b. controlling c. implementing d. executing
1) Why is an ethical corporate culture important? Why should a professional accountant be aware of...
1) Why is an ethical corporate culture important? Why should a professional accountant be aware of the Ethics Code of the International Federation of Accountants?
ETHICAL DECISIONS IN ACCOUNTING SECTION 1 — The Importance of Ethics Ethics is an important part...
ETHICAL DECISIONS IN ACCOUNTING SECTION 1 — The Importance of Ethics Ethics is an important part of your accounting education and it will play an increasingly important role in all aspects of your professional life. This module is intended to give you an overview of the study of ethics. It is a starting point for the discussion of ethics that will continue throughout all of your accounting studies. We will begin with a definition of ethics and then review some...
What is HR’s role in creating an ethical environment?
What is HR’s role in creating an ethical environment?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT