...Ethical Conduct Ethical and Socially Responsive Business Kenyetta Keys BUS 100 - Intro to Business Professor Gillian Martin December 15, 2013 Ethics by definition, according to BUSN Introduction to Business, refers to sets of beliefs about right and wrong good and bad. Ethics are the basic concepts and fundamental principles of decent human conduct. Ethics include universal values such as equality of all men and women, human or natural rights, obeying the laws, concern for health and safety, and the environment. Business ethics involve the application of these issues in the workplace. Social responsibility, again according to BUSN Introduction to Business, is the obligation of a business to contribute to society. Being socially responsible means that people and businesses must behave ethically and with sensitivity toward social, cultural, economic and environmental issues. Social responsibility is the obligation of a business towards the welfare and interests of the society in which it operates. This paper will describe key areas of the Chipotle’s code of conduct that are of significant importance to the business, explain key steps that should be taken to ensure that employees follow the code of conduct, and suggest ways in which the restaurant can engage in socially responsive activities in the community within which it operates. Let’s start off with some background information about the restaurant. Chipotle...
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...Ethical and Socially Responsive Business Deidre Yonce William Stieber Introduction to Business December 11, 2014 Ruby Tuesday’s Code of Business Conduct and Ethics Ruby Tuesday, Inc.’s mission is to provide outstanding customer service and an excellent working environment. Their core mission is to infuse “quality, passion and pride (Code)” in every aspect of their business. In order to adhere to their mission, the Company has developed a Code of Business Conduct and Ethics that insures the company will conduct its business with the highest integrity. Ruby Tuesday, Inc. holds all of its employees to this mission of solid business principals. That comply with applicable laws, rules and regulations; and be loyal with high ethical standards. Compliance with laws, rules and regulations is to me the first area of importance in any code of business conduct. Adhering to laws, rules, and regulations includes preventing; harassment, discrimination, improper payments and environmental compliance. Harassment and discrimination of any kind is unacceptable. Improper payments in any form is prohibited and in following this code they are complying with the “Foreign Corrupt Practices Act (Code).” Environmental compliance is eliminating hazards from the workplace that creates a safe and healthy work environment. When companies are adhering to the laws they are preventing themselves from lawsuits, fines and any negative publicity towards their company. Conflicts of Interest is...
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...Ethical and Socially Responsive Business BUS100 Ethical and Socially Responsive Business “Ethics and social responsibility often discussed in the same breath are closely related but they are definitely not the same. Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Social responsibility is the obligation of a business to contribute to society. The most socially responsible firms feature proactive policies that focus on meeting the needs of all their stakeholders not just investors but also employees, customers, the broader community, and the environment” (Kelly, 6th edition 2014). “The most basic ethical and social responsibility concerns have been codified as laws and regulations that encourage businesses to conform to society’s standards, values, and attitudes. Managers are expected to obey these laws and regulations. A lot of times the legal issues that come about are those that society thought to be unethical and irresponsible but these aren’t always illegal these ethical concerns change over time” (McGraw-Hill, 2000). Chipotle is a company that is based on integrity. Integrity is about being real and being honest, which in turn means do the right thing even when no one is looking. This company adheres to high ethical standards and good judgment. This is one key importance because you want to be sure that you can trust a company and its loyalty to customers. Loyalty will...
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...Ethical and Socially Responsive Business Iiesha Mosby Professor David Kimble, PMP Business/100 December 9, 2013 “Ethics and social responsibility often discussed in the same breath are closely related but they are definitely not the same. Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Social responsibility is the obligation of a business to contribute to society. The most socially responsible firms feature proactive policies that focus on meeting the needs of all their stakeholders not just investors but also employees, customers, the broader community, and the environment” (Kelly, 6th edition 2014). “The most basic ethical and social responsibility concerns have been codified as laws and regulations that encourage businesses to conform to society’s standards, values, and attitudes. Managers are expected to obey these laws and regulations. A lot of times the legal issues that come about are those that society thought to be unethical and irresponsible but these aren’t always illegal these ethical concerns change over time” (McGraw-Hill, 2000). Describe key areas of the selected company’s code of conduct that are of significant importance to the business, and explain why. Chipotle is a company that is based on integrity. Integrity is about being real and being honest, which in turn means do the right thing even when no one is looking. This company adheres to high ethical standards...
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...From the desk of Linda W. Washington, CEO for Chipotle Mexican Grill, inc. I would like to start out by giving all employees a brief definition of a code of business conduct. A code of business conduct is sometimes called a code of ethics. Ethics refer to sets of beliefs about right and wrong; and business ethics involve the application of these issues in the workplace. It is a management tool for setting out an organization’s values, responsibilities and ethical obligations. The code of conduct provides employees with guidance for handling difficult ethical situations related to the business. 1.Describe key areas of the selected company's code of conduct that are of significant importance to the business, and explain why. Chipotle’s Confidential Information is information which concerns or relates to the trade secrets, processes, operations, style of works, or apparatus, or to the production, sales, shipments, purchases, transfers, identification of customers, inventories, or amount or source of any income, profits, losses, or expenditures of any person, firm, partnership, corporation, or other organization, or other information of commercial value, the disclosure of this information intentionally or inadvertently could be harmful and damage the company. Recording and Reporting Information Chipotle maintains a system of internal controls that we believe provides reasonable assurance that transactions are executed in accordance with management’s authorization and are...
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...Responsibility and the bottom line. Assessment Code: RWT1 Student Name: Michael Daley Table of Contents Executive Summary 3 Introduction 4 Research findings: 5 Business Relationships can be improved through being Ethical and Socially Responsible 5 Strong Business Ethics will increase Efficiency 6 Social Responsibility will greatly increase our company’s Reputation 7 Recommendations 8 Conclusion 9 References 11 Executive Summary Ethics and social responsibility is on the mind of everyone in the world these days. We have all seen the effects of what happens when a company does not follow an ethical standard; it can lead very quickly to its demise. A strong ethical standard and being socially responsible is a must in the world of business. There are those who think that if they can get away with things, it can lead to higher profits and a bigger bottom line. This may be true in the short term but history has shown that those with strong ethics have the longevity and reputation to make it in the long run. The research for this report will show that not only is having strong ethics and being socially responsible the right thing to do, it is the smart thing to do for our company. In all we do, we need to have good relationships with those that we need in order to conduct business. We have vendors, suppliers, stakeholders and consumers that we have to maintain a good and strong relationship with. By having a strong ethical standard and good social responsibility...
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...Ethical and Socially Responsive Business Stacey Scott-Spland Professor Mark McMullen Saturday, March 14, 2015 The company’s code of conduct that I have chosen to review is Chipotle. Chipotle code of conduct covers every possible incident that may occur within or outside of the company. It is a very detailed code of conduct, but I will dive into the most important aspects of the code of conduct that is of significance or importance to the company. The company was established in 1993 with the mission of creating a fine dining experience at the paste of a fast food restaurant without compromising quality, “which is referred to as fast-casual”. Chipotle code of conduct is through spelling out all of the company’s policies and procedures for employees, directors and board members to follow, who are representing themselves on behalf of Chipotle. The first part of the code of conduct is as follows; “Chipotle is committed to the highest standards of integrity in all of our activities and compliance with both the letter and spirit of the law. We expect that you will reflect these standards in your day-to-day dealings on our behalf.” The most significant parts of Chipotle Code of Conduct includes the "Integrity Statement," "Anti-Discrimination, Harassment and Sexual Harassment Policy," "It’s the Law,” and "Chipotle Confidential." The five categories are an integral part in protecting the company and its employees against unlawful activities. The code of conduct defines who...
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...TOPIC: identify a situation that may be objectionable on ethical grounds in an organizational perspective Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, today most major corporations promote their commitment to non-economic values under headings such as ethics codes and social responsibility charters. Adam Smith said, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions. Ethics implicitly regulates areas and details of behavior that lie beyond governmental control. The emergence...
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...need to make this a high priority within their organization. Ethics include basic human interactions: respect for differences, trust that our counterparts will work with us in a truthful manner, honesty in communication with others, and expectations that each of us will keep our word and maintain credibility (Olaru, 2009). Very few companies were established globally and little attention had not been given to the issue of ethical guidelines in a global setting. Global business ethics and social responsibility have now become a significant problem for many multinational companies. Attitudes toward ethics are rooted in culture and business practices (Caliskan, 2010). Ethical issues have become an interesting part of MNE’s focus. Literature has found that ethics is associated with levels of morality and general conduct of a person or business. Olaru (2009) states that nearly every company will maintain openly that their policies and procedures are ethical, but truth be told, they don’t always. Business exist to create money for the owners and other investors, however it is also beneficial for the host country. Managers need to become ethical leaders by demonstrating a model of responsibility. The...
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...items. When asked by the area’s food bank for donation of day-old products, management declined deciding instead to throw the food away, citing worries over lost revenues due to possible fraud and stealing by employees who might say they are donating the food.” Evaluation of Company Q: Businesses are in business to make a profit. Businesses that are in business to make a profit with a total disregard for all else, is capitalism at its worst. A company who habitually relies on or exploits others and gives nothing in return, is a parasitic company. In order for companies to positively co-exist with their stakeholders, they must work to minimize the negative impact their business has on them. It was not against any business law, for Company Q, to close two stores that were located in higher crime-rate areas of the city that were consistently losing money. Some would profess this was a more responsible decision than allowing the entire company to go bankrupt. I would argue that complete disconnects with their primary and secondary stakeholders to include; their customers, employees, and members of the community, indicates they are morally, ethically and socially bankrupt. A disconnect with your employees, customers and the...
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...SSP12/13/H/0831 CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility (CSR) is typically described as self-regulation that is part of a corporation's business model and strategic plan. In a perfect world, CSR means that a business monitors itself to make sure it adheres to legal, ethical, environmental, and international standards across its operations. The more visible aspect of CSR is a corporation's willingness to promote and support community, national, and global causes. Corporations do this through corporate philanthropy, cause-related marketing, and sponsorships. CSR aspires to honor people, planet, profits...in that order. Corporate initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups. Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change. Companies have a lot of power in the community and in the national economy. They control a lot of assets, and may have billions in cash at their disposal for socially conscious investments and programs. Some companies may engage in "greenwashing", or feigning interest in corporate responsibility, but many large corporations are...
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...complicated process easy to use and accessible to nearly everyone and thus gave birth to snapshot photography. Eastman established his business on the principles of mass production at low cost, international distribution, extensive advertising and a focus on the customer. In 1889 Eastman and his research chemist perfected and introduced the first commercial transparent roll film, as a result, Thomas Edison developed the motion camera in 1891. A few years later Kodak marketed the Folding Pocket KODAK Camera, currently considered as the ancestor of all modern roll film cameras. By the time the 20th century rolled around, Kodak accounted for 90% of film and 85% of camera sales in America. Then, the evolution began and digital photography replaced photographic film and smartphones replaced cameras. As a result of the evolution, Kodak consequently experienced a decline in sale of photographic film, because of its slowness in transitioning and adapting to the change; in spite of the fact that they invented the core technology used in current digital cameras. In January 2012, Kodak filed for Chapter 11 bankruptcy protection, resulting in the sale of many of its patents to aide in restructuring. Kodak reemerged and is currently focused exclusively on digital printing for business. For this reason, Kodak’s most valuable operations in terms of core business and growth businesses are: retail systems solutions, document scanners, and digital...
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...Rochester New York, United states and incorporated in New Jersey. Kodak’s name is recognized around the world for its long heritage of delivering imaging innovations. Kodak focused on mainly solutions and services for businesses. In other words, Kodak Company is popular for the American technology focusing on imaging solutions and services for businesses and photographic film products. Fujifilm on the other hand, was founded 1932 and is based out of Tokyo Japan. They are popular for production, servicing, development and photographic products as well. Fujifilm has expanded to become an innovative leader in a variety of business fields while Kodak has focused on solutions and services for business. After the Second World War, Fujifilm started to diversify its products. Kodak on the other hand went through a struggle due to lack of innovation. Kodak’s main business segments are digital printing and enterprise, graphics, entertainment and commercial films. Fujifilm on the other hand was aiming to produce photographic films but overtime they have diversified into new markets and built a strong presence around the globe. In terms of innovation and product development Kodak had significantly concentrated on the market of digital imaging. Kodak at point of time came to a conclusion that they needed to focus on getting the pros who are passionate about their work on their team to embrace innovation. By doing so Kodak would seek for software engineers, chemical, mechanical and process...
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...Rochester New York, United states and incorporated in New Jersey. Kodak’s name is recognized around the world for its long heritage of delivering imaging innovations. Kodak focused on mainly solutions and services for businesses. In other words, Kodak Company is popular for the American technology focusing on imaging solutions and services for businesses and photographic film products. Fujifilm on the other hand, was founded 1932 and is based out of Tokyo Japan. They are popular for production, servicing, development and photographic products as well. Fujifilm has expanded to become an innovative leader in a variety of business fields while Kodak has focused on solutions and services for business. After the Second World War, Fujifilm started to diversify its products. Kodak on the other hand went through a struggle due to lack of innovation. Kodak’s main business segments are digital printing and enterprise, graphics, entertainment and commercial films. Fujifilm on the other hand was aiming to produce photographic films but overtime they have diversified into new markets and built a strong presence around the globe. In terms of innovation and product development Kodak had significantly concentrated on the market of digital imaging. Kodak at point of time came to a conclusion that they needed to focus on getting the pros who are passionate about their work on their team to embrace innovation. By doing so Kodak would seek for software engineers, chemical, mechanical and process...
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...Responsibility (CRS) can still be a controversial topic. CRS is a commitment made by a corporation to develop and adhere to policies that are socially responsible in areas of work, community welfare, ecology, human rights, and family life. Today’s businesses realize an ingredient in being successful is through respect and confidence of their customers. A company can obtain respect and confidence through being socially responsible. Through social responsibility corporations manage their business processes to produce a positive impact on society. The growth of easing problems in society such as; child abuse, hunger in America, homelessness, gun violence, and equality in human rights has grown. Corporations can gain loyal customers through corporate social responsibility and giving back to society and the communities that they serve. Commitment of the company can be defined by its employees, the company’s treatment of the environment and community in which it is located. Today’s society is concerned with the global environment which puts pressure on today’s businesses to participate in being socially responsible. When a company or corporation does not contribute to the society that they serve and/or not environmentally conscientious, that company or corporation may experience loss of product loyalty and possible consumer boycotts. In today’s business world nationally and internationally it has become standard quo to have a reputation as a good corporate citizen. Being a good corporate...
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