Evaluation of a Business Code of Ethics

In: Business and Management

Submitted By mstrimmo
Words 1265
Pages 6
Evaluation of a Business Code of Ethics, The Hershey’s Company


PHL/323
























Mission Statement
Hershey’s Mission Statement noted here, (Social- Responsibility/Marketplace) “Bringing sweet moments of Hershey happiness to the world every day,” Provides the focus of all operations within the Hershey’s Company. Although Hershey’s mission statement provides a simple goal that encompasses acknowledgment of global market share with the sweet moments of happiness provided in every aspect of Hershey’s daily endeavors, a strict code of ethical business conduct forms the underlying fabric that governs all endeavors.
Commitments
The Hershey’s company understands the scope of responsibilities included with company success as its global influence demands considerable resource utilization. These responsibilities extend past bottom line profit to supporting various charities focused on providing for the needs of children. Hershey’s Code of Ethical conduct contains detailed information as mentioned by, (Code of Ethical Business Conduct, n.d.) “Attempts to address most common legal and ethical issues that we might encounter”

To Fellow Employees
The foundation of Hershey’s success starts with its employees as they enable the continued functionality that provides the core of Hershey’s influence and make endeavors possible by performing all daily operations. Providing a safe work environment while promoting diversity demonstrates a duty-based ethical belief system understands various consequences that requires Hershey’s to hold themselves accountable to its employees…...

Similar Documents

Evaluation of a Business Code of Ethics

...Evaluation of a Business Code of Ethics Evaluation of a Business In this paper I will discuss Kaiser Permanente Hospital’s Code of Ethics and how it affects employees, managers, and the Board of the Directors. This hospital strives for compliance of professional and ethical standards it is to be followed by everyone working for the organization including contractors and vendors. This means to understand the code of conduct ensuring responsibilities to members, setting high standards to care, truthfulness, professionalism, responsible partnering, accountability and responsiveness, privacy and confidentiality to protect personal information. To help with compliance to these standards Kaiser has come up with the annual Corporate Compliance training program and within this there is the Principles of Responsibility Kaiser’s code of conduct. Kaiser’s healthcare reaches for excellence and sets the standard for healthcare reform in America. Kaiser serves about 8.6 million members at 35 medical centers and 431 medical offices across the country ranging from California to Washington D.C. The mission statement for Kaiser Permanente Hospital is a mission of providing high-quality, affordable healthcare and services and to improving the health of members and the communities Kaiser serves through preventive care classes known as the Thrive campaign which offers several programs promoting health and wellness. All physicians, employees, managers, and leaders have essential...

Words: 1376 - Pages: 6

Business Ethic

... |Assignment Cover Sheet for Students | |An assignment cover sheet needs to be included with each assignment. Please complete all detail clearly. | | | | |Name |Garry Jonathan | | | |Student ID |29112169 |Mobile phone |081806527970 | | | | | | | |Course code and title |MM5001 | Business Ethics & Law | | | |Course time and place |Sunday, 2 September 2012 | Jakarta |Program |MBA Jakarta | | | |Lecturer |Karl Knapp...

Words: 3096 - Pages: 13

Business Code of Ethics Evaluation

...Business Code of Ethics Evaluation PHL/323 June 25, 2012 Marcia Hotchkiss Business Code of Ethics Evaluation Brink’s is a secure logistics company who provides many different services to customers around the world. Brink’s mission is to provide end-to-end secure logistics worldwide driven by outstanding people and information technology (Brink's, 2012, para. 2). This means Brink’s transports, processes, and stores money and valuables for its customers all over the world. The most prominent portion of the company are the trucks seen by the public servicing customers on a daily basis, but many people do not see the variety of services Brink’s provides behind closed doors. In many cases Brink’s is the main, virtual vault, vault for many large banks around the world. They process deposits of cash and coin as well as pack change orders for businesses who are customers of the banks who employ Brink’s services. Brink’s also provides transportation of valuables, such as jewels, around the world with their Global Services or Air Courier services. Brink’s could not provide these services without having a code of ethics that ensures compliance with laws and to reduce internal loss of customer liability. Ethical System and How it is Used Brink’s ethical system is mostly a duty-based system taken from a legal standpoint due to the nature of its business. Most of the ethical standards Brink’s uses are centered on preventing loss and misuse of company and customer...

Words: 1189 - Pages: 5

Business Ethic

...Analyze the accounts impacted and / or accounting guidelines violated and the resulting impact to the business operation. According to generally accepted accounting principles (GAAP), rises in earnings must be equaled to increases in net assets always, so that shareholders’ equity moves forward appropriately and the balance sheet balances. That was the reason that the SEC suspected why HealthSouth was able to increase its earnings while balancing its books by overstating assets and understating liabilities. This was prepared in a variety of methods, but certain accounts were operated most frequently in connection with the fraudulent reporting. If HealthSouth was continues to do so, the way to operate the business will be more difficult. Because of the previous data that the company has is unsuitable to predict the future trend of the company. Moreover, forecasting the future number will be incorrect because the data in their records are wrong. As a CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure should be implemented in the future. As a CFO, there are many ways to prevent the ethical breach to not happen within the company in the future. First, the most basic but important thing is being a model of the behavior you wish to see because your staff will see how you act and they will act the same way as you do. If you say but act different from what you do, no one will focus on you in the future and ignore to...

Words: 421 - Pages: 2

Evaluation of a Business Code of Ethics

...In this report, the ethics statements of AT&T will be analyzed, a determination of which ethical systems are used by the firm, Why AT&T might need to modify their code of ethics, the possible reactions to the code, and the effects of the code of ethics on AT&T. The telephone was invented by Alexander Graham Bell over 130 years ago, since then the transformation of the telephone has revolutionized the way the world communicates. This revolution has led the way to the cellular phone that was actually invented in 1900 by Reginald Fessenden. This led to the invention of the radio. American Telephone and Telegraph company was created in 1885 and grew from there into the AT&T that we know today. AT&T began to make telephone service mobile in 1946 and from there a new industry was born. The mission and vision statement for AT&T is Today, our mission is to connect people with their world, everywhere they live and work, and do it better than anyone else. We're fulfilling this vision by creating new solutions for consumers and businesses and by driving innovation in the communications and entertainment industry (Farfan, 2013) The ethical system that is used by AT&T is a combination of ends-driven, relativistic, entitlement, and duty-driven. The ethical code is broken down into nine components. The first component deals with honest and ethical conduct, this portion is a part of the duty-based because it asks for a moral obligation from employees to act in a certain manner; both...

Words: 417 - Pages: 2

Business Ethic

... individuals or groups within an organization use nonformally sanctioned power tactics to advance their own aims. The example of political tactics: blaming or attacking others, controlling information, developing a base of support for one’s ideas, image building, ingratiation, associating with the influential, forming power coalitions and developing strong allies, and creating obligations. Ethics of political tactics approaches: * Utilitarian: are the tactics used intended to advance socially beneficial or harmful goals? * Rights: do the tactics employed threat others in a way that is consistent with their moral rights? * Justice: will the tactics lead to an equitable distribution of benefits and burdens? * Caring: what impact will the tactics have on relationships within the organization * The caring organization model Focuses on cooperative nonpower relations, challenging authoritarian and competition-based assumptions about how business organizations do and should work. Characteristic of the caring model organization: * Caring is focused entirely on persons, not on profit or quality * Caring is undertaken as an end in itself not as a means to productivity * Caring is essentially personal * Caring is growth-enhancing for the cared-for. Criticizes both political and rational structure models for their overestimation of power issues (of command and conflict) and their neglect of cooperative nonpower relations essential to the......

Words: 10613 - Pages: 43

Business Ethic

... influences to their employees. The requirement for a good leader is not only lead their employees to achieve goals and make profit for the organization, a good leader is required to be ethical in order to sustain. When leaders bond socially, they need to send a message that humans all share a common existence and a lack of self-awareness of the ethics required to search for a true purpose. In the success of BMW by practicing sustainable leadership, the ethical behavior is the foundation practices according to Avery and Bergsteiner (2011). BMW has taken various steps to promote an ethical workplace and responsible governance. In addition to a code of ethics and an Ethics Advisory Committee, the company has established independent and anonymous external contact points for employees and other stakeholders to report any form of suspected misconduct or impropriety. It has also committed itself to respecting the rights of whistleblowers and others filing reports. In 2011 for example, the international sustainability rating organization OEKOM awarded BMW an A+ on corporate governance and business, which also covers board independence and effectiveness, shareholder democracy, executive compensation, shareholder structure and business ethics. From the case we have learn that the ethical culture should be adapt within all the levels in the organization, the leader with ethical conduct should maintain the independence of his or her role, in order to avoid any misconduct and thus be......

Words: 5500 - Pages: 22

Evaluation on the Business Code of Ethics

...Evaluation of Business Code of Ethics Derek Matthews University of Phoenix Evaluation of Business Code of Ethics “In poor countries, officials receive explicit bribes; in D.C. they get the sophisticated, implicit, unspoken promise to work for large corporations” --Nassim Nicholas Taleb, The Bed of Procrustes: Philosophical and Practical Aphorisms Code of Ethics and Standards of Practice of the NATIONAL ASSOCIATION OF REALTORS ® Effective January 1, 2012 Duties to Clients and Customers Article 1 When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly. (Amended 1/01) “Obligation to treat all parties honestly” is part of the language in the second sentence of the first paragraph of Article 1 under Duties to Clients and Customers. The reason I stressed this sentence because honesty was a forgotten responsibility during the bubble burst of nearly 6 years ago. As a licensed real estate agent one must uphold a fiduciary responsibility to ensure ethics are on the forefront of every interaction. Since 2007 as a result of unethical practices scaling from your local sales agent to...

Words: 1215 - Pages: 5

Code Ethic

... funds excessively; Organizations with endowments (both foundations and public charities) prudently draw from endowment funds consistent with donor intent and to support the public purpose of Covenant Partners; Organizations ensure that all spending practices and policies are fair, reasonable and appropriate to fulfill the mission of Covenant Partners; and, All financial reports are factually accurate and complete in all material respects. COVENANT PARTNERS, INC. Statement of Values and Code of Ethics for Covenant Partners, Inc. 4 VI. Openness and Disclosure Covenant Partners provides comprehensive and timely information to the public, the media, and all stakeholders and is responsive in a timely manner to reasonable requests for information. All information about Covenant Partners will fully and honestly reflect the policies and practices of Covenant Partners. Basic informational data about Covenant Partners, such as the Form 990, reviews and compilations, and audited financial statements will be posted on Covenant Partners’ website or otherwise available to the public. All solicitation materials accurately represent Covenant Partners’ policies and practices and will reflect the dignity of program beneficiaries. All financial, organizational, and program reports will be complete and accurate in all material respects. VII. Program Evaluation Covenant Partners regularly reviews program effectiveness and has mechanisms to incorporate lessons learned into future...

Words: 2168 - Pages: 9

Business Ethic

...1. Identify the nuggets from the two-day sessions of Business Ethics class and explain how would you apply those nuggets in your work place. ANSWER: Nuggets from the lecture Ethics defined as the study of right or wrong and as broadly as the general inquiry into what is good. Ethics examines the right or wrong within the context of moral duty. Business ethics is a form of applied ethic in business activity that examines ethical principle and moral or ethical problem that may occurred on business environment. It is applies to all business activity either to the conduct of individual or entire organization. Some business may have same issue related to the business ethic such as problem of product quality, transparency of the financial statement, environmental issues, human right, workplace quality and safety issue etc. In business a company shall create a regulation and code that will regulate the daily life and how business should perform in ethical way. Those we call it Code of Business ethic and Conduct. Code of business ethic and conduct for the company is very important to set up and regulate the life of company. It’s collection of principle in term how they believe and aims to live by. It is also reflected the corporate culture and its vision and mission of the company. How the code of conduct applied in Chevron which they call it “The Chevron Way”. The Chevron code of conduct built in line with their company’s vision and mission. Integrity is one of...

Words: 1419 - Pages: 6

Evaluation of a Business Code of Ethics

...Evaluation of a Business Code of Ethics, The Hershey’s Company PHL/323 Mission Statement Hershey’s Mission Statement noted here, (Social- Responsibility/Marketplace) “Bringing sweet moments of Hershey happiness to the world every day,” Provides the focus of all operations within the Hershey’s Company. Although Hershey’s mission statement provides a simple goal that encompasses acknowledgment of global market share with the sweet moments of happiness provided in every aspect of Hershey’s daily endeavors, a strict code of ethical business conduct forms the underlying fabric that governs all endeavors. Commitments The Hershey’s company understands the scope of responsibilities included with company success as its global influence demands considerable resource utilization. These responsibilities extend past bottom line profit to supporting various charities focused on providing for the needs of children. Hershey’s Code of Ethical conduct contains detailed information as mentioned by, (Code of Ethical Business Conduct, n.d.) “Attempts to address most common legal and ethical issues that we might encounter” To Fellow Employees The foundation of Hershey’s...

Words: 1265 - Pages: 6

Evaluation of Business Code of Ethics

...Evaluation of Business Code of Ethics Diane Gutierrez PHL/323 July 15, 2015 Rob Inglis History Bed Bath & Beyond is the largest superstore in the United States, selling household items with about 1000 stores throughout the U.S., Puerto Rico, and Canada. This powerhouse company began in 1971, in New Jersey as Bed ‘n Bath, and has been able to acquisition approximately five other domestic retailers over the years since, 2002. In 1987, the company changed its name to Bed Bath & Beyond as to reflect its expansion from just bed linens and bath accessories to a much larger superstore. Mission Statement & Code of Ethics Ensuring that Bed Bath & Beyond is the customers “first choice” is the top priority and having previously worked for this company, I can speak from personal experience that Bed Bath & Beyond does an excellent job at living up to this. The Company's strategy is to achieve this objective is through excellent customer service, an extensive breadth and depth of assortment, everyday low prices, and introduction of new merchandising offerings, supported by the continuous development and improvement of the infrastructure. Big organizations, such as Bed Bath & Beyond, operate with some sort of code of ethics or code of conduct in place. What this code of ethics does is depicts a company’s standards and values along with other numerous topics, such as legal requirements that they must operate under. Bed Bath & Beyond operates under...

Words: 1223 - Pages: 5

Evaluation of Business Code of Ethics: Walmart

...Evaluation of Business Code of Ethics: Walmart Nina Brown PHL/323: Ethics in Management August 8, 2011 David Rubenstein Evaluation of Business Code of Ethics: Walmart A code of ethics is a set of written guidelines issued by an organization to its employees and management regarding ones conduct and behavior (Business Dictionary, 2011). Principles and standards are important, but they are also crucial in everyday life expectancy as well as his or her work setting. The function of a code of ethics policy is to provide its personnel, administration, board of directors, and others an orientation that abides by a business course of action, principles, and ethical standards. Each business should develop a code of ethics as a standard for his or her industry to abide by daily. It should concentrate on major factors important to the individually industry requirements. The honesty of an industry and its workers is essential to the general success of the organization as a unit. This evaluation focus is on Wal-Mart the number one fortune 500 company in the world. This process will include general information about Walmart including its mission statement, ethical system, and it putting into practice on an employee, management, or board of director level. This paper will also include information on modifying the existing policy, reactions expected from employees and managers, effects of organizational culture and the effect on the organization itself. History In 1962...

Words: 1630 - Pages: 7

Evaluation of Business Code of Ethics

...Evaluation of Business Code of Ethics This paper is discussing the business code ethics of Famers Insurance Company. Farmers Insurance Company first established a reputation in the Insurance industry in 1928 and was founded by two men that shared commonalities of wanting to provide valuable insurance services at an affordable price to consumers. The mission statement that Farmers cherishes states today, “We will achieve market leadership by driving innovation and operational excellence to provide the best value and experience for every customer we are privileged to serve” (Foremost Insurance, 2012). Currently, Farmers Insurance reigns as an industry leader standing as the country’s third- largest insurer of homeowners and car insurance and offers lots of other different insurance and financial services (Farmers, 2012). Abiding by a code of ethics was of great importance to co-founders Jack Tyler and Thomas Leavey. In the insurance industry, most concerns that policyholders express are, “Will I Be Covered” and “Will I Be Compensated Fairly”. Ideally, Farmers Insurance found dedication in following a set of core values that parent company Zurich established for agents, brokers, investors, and employees to abide by that would allow business operations to flourish and remain stable in even the most uncertain times. Farmers Insurance focuses on several core components that represent ethical democracy; honesty, customer centricity, creating sustainable value...

Words: 1178 - Pages: 5

Business Ethic

...Assignment: Pick an administrative agency of either the federal or a state government. Find where the current and proposed regulation changes for that agency are located on the Internet. (i.e., the Federal Register or the State Administrative Agency website.) Regulations.gov is a good place to begin your research. Pick one proposed regulation change currently under consideration (if you find one that has already closed out but interests you, you can use that instead) and write the following regarding it: 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (of briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? The Georgia Department of Regulation- I goes to the casinos with friends occasional and I one of my friend owns few gas stations that have coin-operated amusement machines. This is affecting my friend due to the fact Department of Revenue is refusing to issue businesses licensed for the operation of coin-operated amusement machines in his place of business. 2. Describe the proposal/change. (10 points) The proposed regulation would authorize all gas stations the ability to apply for amusement and entertainment license while looking for more ways to gain revenue. With the state looking to bring three casinos here that would bring nearly $1 billion by 2014. Independent small business should have that opportunity as...

Words: 604 - Pages: 3