...Evaluation In evaluating Company Q for social responsibility, I have found that the company has not made a commitment to being completely socially responsible. The definition of Corporate Social Responsibility according to Lord Holme and Richard Watts (2000), “is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”. The company has made some attempts at social responsible behavior by listening to a portion of their customers supplying them with health-conscience and organic products; however, this concession came after years of request from their customers and the stores only offer a very limited quantity of those types of foods. Company Q has ignored other opportunities to better the general community where the company conducts its business. Company Q has closed two stores in higher-crime-rate areas because of loss of profits. Company Q failed to recognize that this poorly impacts the community and the employees in that area and reflects poorly on its overall corporate image. Also, Company Q opted to throw away day old food instead of giving it to the community food bank believing it may promote fraud or stealing within their own employees. Both of these decisions were not based on a proper socially responsible attitude. This type of behavior was well hidden several years ago before the world was as...
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...Business) Tuesday, July 21, 2015 Company Q is a small grocery store that faces multiple roadblocks that a bigger national chain does not normally face. These roadblocks may include things like brand recognition, disposable income, sales on their stock, advertising and the capability to help other stores that maybe facing poor sales. Being a smaller company they may operate with a different code of ethics and have different areas of emphasis. A large chain store may have the capability to absorb losses that resulted from theft, etc. but a smaller chain store may not be capable of doing so. Company Q has had to close down a couple of stores due to these stores not being able make a profit. With this closure they have had to redirect there priorities. At the end of the day it is about money and Company Q is not a non-profit organization so they have to be primarily accountable to their financial statements to survive. With the food bank asking if Company Q would donate some day old organic foods, Company Q had to make a choice. The socially responsible choice would be to donate food to help out the people within the neighborhood, however Company Q has legit concerns in regards to the possibility of employees stealing the donated food and taking it home instead of donating it to the local food bank. Company Q made the choice to dispose of the food instead of dealing with the possibility of theft from their employees. I think Company Q did not to initiate the time and resources...
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...EST1 – Overview of Task Instructions I. Task 1 - Social responsibility of Company Q a. Part A - Evaluate Company Q’s current attitude toward social responsibility. i. Are Q’s actions (as described in the given statement) socially responsible? Why or why not? ii. Why is it important for Q to be socially responsible? b. Part B - Recommend three actions that Company Q could take to improve the company’s attitude toward social responsibility. i. Based on the information described in the given statement, what does Q need to change moving forward? c. Task Tips i. Focus on the information given to you in the task instructions. ii. Try not to over-think this task II. Task 2 – Imagine you are the ethics officer for a new business, Company X. Develop an ethics program that will be a part of the new employee handbook. a. Part A - Standards & Procedures i. This section should clearly describe specific actions, conduct, and/or behaviors that would be acceptable (or unacceptable) for your employees. 1. Example = dress code policy ii. This section must include a minimum of 4 elements to receive a passing score. b. Part B - Training i. This section should describe the type of training program that you will provide for your organization. ...
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...------------------------------------------------- RE: Standards of Conduct and Ethics I. Purpose This Code of Business Conduct and Ethics helps ensure compliance with legal requirements and our standards of business conduct. All employees of Q Company are expected to read and understand this Code of Business Conduct and Ethics, uphold these standards in day to day activities, comply with all applicable policies and procedures, and ensure that all agents and contractors are aware of, understand and adhere to these standards. In any employment relationship, management and staff have expectations of each other and an effective and productive working relationship depends on the fulfillment of these expectations. Our Standards of Conduct and Ethics are driven by the Q Company which provides the fundamental direction on what type of organization we aspire to be and in guiding our behavior. Our Standards of Conduct and Ethics provide a framework for our behavior, the way we conduct business and the way we interact with each other. As a Q Company employee, you must conduct yourself in a diligent and professional manner, with due regard for the safety, security and integrity of the facility in which you work and well-being of everyone in the facility. It is neither possible, nor desirable to write prescriptive policies for every situation we may face at work. The standards are general in nature and are not intended to advise in detail the appropriate behavior for every...
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...Research Quarterly Published by the Society for Human Resource Management Business Ethics: The Role of Culture and Values for an Ethical Workplace FOURTH QUARTER–2009 Whether in domestic or global companies, ultimately, the commitment to business ethics and the foundation is built through organizational culture, with ethical values reflected in the workplace. Business Ethics: The Role of Culture and Values for an Ethical Workplace Abstract An ethical workplace is established through an organization’s culture, values and leadership. To promote ethical behavior, human resource professionals, people managers and senior management need to be knowledgeable about business ethics—from leadership, codes of conduct and related legislation to compliance training, ethical decisionmaking, and cultural and generational differences around ethics. Transparency, fairness and communication are key for establishing and maintaining an ethical workplace. Introduction In the business world today, issues of trust, respect, fairness, equity and transparency are gaining more attention. Business ethics includes organizational values, guidelines and codes, legal compliance, risk management, and individual and group behavior within the workplace. Effective leadership, with open dialogue and thoughtful deliberation, develops the foundation of an ethical workplace, is woven into the fabric of the organizational culture and is mirrored in ethical decision-making. Toward this end, all organizational...
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...that with this outlook on social responsibility is missing a significant opportunity to improve public perception and drive profits. This is clearly the view of company Q. When twice presented with the opportunity to create both social and monetary capital, they failed miserably. This likely contributed to the closure of 2 stores due to low performance. Not only are they harming their stakeholders (the communities in which they operate) but, they are also harming their shareholders by not capitalizing on revenue opportunities. There are three clear answers to their deficiencies. The first and most obvious is to begin donating the items that are expired to the local food bank as requested. The second is to implement a code of ethics in the corporate guidelines. Lastly, they should be expanding the current selections of healthy and organic foods. If these steps are followed, can the Company Q dig itself out of the loss column and see some profits? The answer is yes. Company Q was recently approached by the local food bank, and asked to donate the day old foods that Company Q had been throwing away. Management declined, opting instead to to continue to write the food off as a loss and throw it into the trash. The reason that was cited was concern for fraud and employee theft. This is an example of the company taking the short term bottom line approach. They have completely ignored an opportunity for positive public relations and social capital. Both of which have been...
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...culture of requesting donations of day-old products approached Company Q. The grocery retailer refused the request citing concerns their employees might steal valuable food and say the opposite effect. On the other hand, actions that include donations of food to local charities and display social responsibility will increase foot traffic and revenue. Important to remember is that Company Q has a responsibility to its stakeholders to conduct business in an ethical manner and wasting food is not ethical. Employees want to work for a company that takes care of them and appreciates them. B. Three actions that company Q could take to improve the company’s attitude toward social responsibility. 1) First, Company Q should establish a company wide social responsibility program to promote a sense of obligation to the company mission statement. Company Q’s charitable efforts in the community, will encourage each employee to make Company Q a success. In this way, Company Q’s stakeholders will gain a sense of pride in their investment and place of employment. In addition, all stakeholders should be made aware of all 2) promote organizational ethics and values. Included in this effort should be an adherence to a code of conduct by all direct stakeholders. An emphasis on company values and ethics will cause honesty, integrity and fairness to be the only acceptable Company Q standard. 3) Finally, Company Q should re-open the two stores management closed and advertise...
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...Company Q’s Core Values Here at Company Q our commitment is to put our customer’s first by providing first class service and a great consulting experience. This is the sole reason our company exist. By focusing on our customers and being responsible members of our communities, we will develop a great reputation and create secured employment for ourselves. As a result of our effort, Company Q will be recognized as a great company. In order to keep this commitment, we must always adhere to our core values: INTEGRITY Integrity must always be at the forefront of everything we do. We believe in being honest, ethical and upfront because trust is an important foundation of our relationships with our customers, our co-workers, and our communities. RESPECT R-E-S-P-EC-T is important at every level in our business whether it’s a customer, a co-worker, a janitor, or a member of management. We embrace diversity, individuality and listen carefully when others speak regardless of background, race, or religion it is everyone’s right to be treated with equal respect. ACCOUNTABILITY We take pride in the method of “If you touch it, you own it” by that saying we mean if a problem comes across your desk you take ownership and you become accountable for resolving that problem. We believe in working together as one team with one goal to provide great consulting experiences to all of our customers. Company Q’s Customer Experience At Company Q our customers expect honest and trustworthy...
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...Memo To: Freddie Mac Chief Officers This memo is to describe the challenges facing the company following the previous accounting firm’s misconduct, along with a detailed process into recovering from this scandal. We will begin moving forward into rolling out an accounting department ethics program. The program will include a detailed Code of Ethics, an Ethics Training class for all employees, an Ethics Help-Line where employees can anonymously report any violations of the Code of Ethics, periodic evaluations, and a method of monitoring and tracking systems. The business benefit of these programs will help manage values and help maintain moral course in rustled times. This program cultivates strong teamwork and productivity along with helping...
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...Module 1 National library of New Zealand Is accounting a profession? Ethics Failures in Corporate Financial Reporting The strategic accountant - best show business leadership Public practice: Firm of the future Briefly explain why you think that SMEs do not extensively rely on their external accountants for business advisory services. discuss at least four types of relationships and possible conflicts an accountant faces in performing the above roles How soft skills can boost your career Former Harris Scarfe officer jailed The Ford Pinto Nestle Milk Powder Exxon Oil Company Jacinta faces distress in the office what circumstances apply professional judgement Module 2 Accoutants,ethical issues and the corporate governance context apply the code's conceptual framework approach to explain threat to independence Arthur Andersen and auditor independence accountant no experience,what he should do to perform audit The cautionary tale of Jose L.Gomez contact or obtain professional clearance prior to accepting the appointment? fundraising for a charity,sole tax purposes,voilation of ethic? marketing professional services Explain why integrity is an essential attribute of the profession quality control, merger,not yet completed a review kitchen-tabling-Keith Purcell's earnestness Utilitarianism Does employer have a right to inquire your personal life-rights theory Cheating-the pressure on Pasquale Vialletta to succeed which stage of Kohlberg's of CMD best describes the decisionmaking behaviour...
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...Ethical Issues in Business – Company Q Ethics is a part of life and it is a crucial aspect of our existence that keeps our world under a certain level of control. Ethics can be evident in personal behavior as well as business. Ethical decisions in business can have a profound effect on both the business entity itself as well as the communities it conducts its within. Company Q is a company that appears to be in a difficult position as are many companies similar to it. Company Q is a small company located in only one metropolitan area so in order to grow they are forced to make decisions in the best interest of the company, however they must also make their decisions ethically in order to expand their customer base and maintain a positive reputation at the same time. There are many challenges ahead of company Q to ensure their growth, such as providing quality products to their customers. Health conscious and organic products are becoming increasingly more important to most shoppers and Company Q has been asked for a long time to provide such products. They are doing the correct thing by finally selling healthier products in their stores not only for their customers well being, but also their financial well being since there are higher margins for them on the health conscious and organic items they offer. Company Q should also begin to offer a greater variety of health conscious foods to show that their customers are important to them. Ethically Company Q does appear to be at somewhat...
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...SEMESTER 2 2011 CPA 118 ETHICS AND GOVERNANCE CPA - ETHNIC SEMESTER 2 2011 MODULE 1 ACCOUNTING AND SOCIETY 1.05 1.05 Part A: Ineraction with society Depictions of A/cting Depiction Defeating depictions defeat Fig 1.1 new bean counter How to become professional? 3 aspects 1.06 Recruiting the best Beard(1994),Smith and Briggs(1999) and Simnik and Felton(2006) Friedman& Lyne(2001);Albrecht and Sack(2000);Coate et al.(2003) Jeacle: colourful accountant linked to corporate collapses 1.07 Moral agency Biddle(2006) Value creation - key to maintain high standards Moral agent - refer to individual making moral judgement for others Moral agent theory based on concept " act appropriotely and professionally" 1.08 Technical functions and social impact Understanding A/cting A/cting defination - Macquarie Dictionary - Technical practice - bookkeeping Not Prefect def - AAA(American A/cting Association) -communication skill… 1.09 Social impact of A/cting + impact - based on historic A/cting info professional capabilities - technical knowledge,soft skill & experience 1.10 Social impact example - A/cting and the GFC "mark-to market" Lonergan (2009) - if A/cting causative factor in GFC 2008/2009 1.11 Q 1.1 Logergan 'standard setters'slow reaction only cause GFC ? NO How wisdom come out? - experience /knowledge Distinguishing feature - building relevant wisdom over time Parker et al. (1989) - induce other behaviour Miller(1994) - intrinsically and inredeemable social impact IMPACT Macro level:...
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...SEMESTER 2 2011 CPA 118 ETHICS AND GOVERNANCE MODULE 1 ACCOUNTING AND SOCIETY 1.05 1.05 Part A: Ineraction with society Depictions of A/cting Depiction=描述 Defeating depictions defeat =挫败 Fig 1.1 new bean counter How to become professional? 3 aspects 1.06 Recruiting the best Beard(1994),Smith and Briggs(1999) and Simnik and Felton(2006) Friedman& Lyne(2001);Albrecht and Sack(2000);Coate et al.(2003) Jeacle: colourful accountant linked to corporate collapses 1.07 Moral agency Biddle(2006) Value creation - key to maintain high standards Moral agent - refer to individual making moral judgement for others Moral agent theory based on concept " act appropriotely and professionally" 1.08 Technical functions and social impact Understanding A/cting A/cting defination - Macquarie Dictionary - Technical practice - bookkeeping Not Prefect def - AAA(American A/cting Association) -communication skill… 1.09 Social impact of A/cting + impact - based on historic A/cting info professional capabilities - technical knowledge,soft skill & experience 1.10 Social impact example - A/cting and the GFC "mark-to market" Lonergan (2009) - if A/cting causative factor in GFC 2008/2009 1.11 Q 1.1 Logergan 'standard setters'slow reaction only cause GFC ? NO How wisdom come out? - experience /knowledge Distinguishing feature - building relevant wisdom over time Parker et al. (1989) - induce other behaviour Miller(1994) - intrinsically and inredeemable social impact IMPACT Macro level: all types of business...
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...Statement of Ethics Statement of Ethics Table of contents Using the Statement of Ethics The 3 Basic Beliefs and Guiding Principles Introduction Who is Covered What Law Applies Associate Responsibilities Additional Responsibilities for Management Associates Discipline for Violations 4 5 6 6 6 6 7 7 8 8 8 8 9 Leading with Integrity in Our Marketplace Fair Competition Intentional Dishonesty Financial Integrity Insider Trading Restrictive Trade Practices 19 19 19 20 20 21 Leading with Integrity in Our Communities 22 Anti-Corruption Anti-Money Laundering Authority to Work Environmental Responsibility Health & Safety Protecting Personal & Business Information Government Contracts & Inquiries Political Involvement International Trade Media Statements 22 23 24 25 25 26 28 28 28 29 30 30 32 33 Raising Concerns & Speaking Up Ethics Opinions Waivers What happens How to Raise a Concern Leading with Integrity in Our Workplace 10 Alcohol & Drug Abuse 10 Harassment 11 Inappropriate Conduct 11 Non-Retaliation 12 Non-Discrimination 12 Wage and Hour 13 Conflict of Interest (COI) 14 COI – Financial Investments 14 COI – Personal Relationships with Suppliers 15 COI – Gifts & Entertainment 16 COI – Personal Relationships with Other Associates 17 Walmart Assets 18 Final Disclaimer Global Ethics Contact Information Ethics Committee Contact Information Index 2 A message from our Chief Executive Officer Mike Duke, CEO Dear friends, Walmart started out with a single...
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...Company Q Evaluation: According to College of Business of Guidelines Western Governors University Abstract This is paper is evaluation of Company Q’s current attitude towards social responsibility. Three detailed recommended actions are given that can improve Company Q’s action toward social responsibility. Evaluation According to the International Organization for Standardization, “Business and organizations do not operate in a vacuum. Their relationship to the society and environment in which they operate is a critical factor in their ability to continue to operate effectively.” (Online Browsing Platform (OBP), 2014) Closing stores in a higher crime rate areas is only counter-productive for the company and the community it serves. In order for these hard hit areas to once again flourished, businesses and organizations need to hold firm and weather the storm. Effectively responding to consumer requests is very minimal at best. When Company Q does choose to respond supply is never matched with demand. Ineffective management practices have led to a disconnect within the communities they serve. Selling high margin requested items eventually leads to poor customer satisfaction. Company Q has no loyalty or trust with its own employees. This self-defeating behavior will only lead to more underperforming stores. Recommendations Senior management should develop a sound code of ethics. The code of ethics needs to be unique to your business. Find out what approaches similar...
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