...ETHICS Introduction The behaviour of the practicing management accountant is prescribed and regulated by the management accountant's personal code of ethics, the code of ethics of the employer, societal norms, and the law. In addition members of the Society are regulated by the Society's code of ethics. As more organizations adopt codes of ethics, management accountants will increasingly be asked to design systems to control, evaluate, interpret or apply ethical judgement. The following develops the basis for forming ethical judgements. The management accountant fulfils four broad roles concerning ethics: 1. to ensure that management has developed and installed a comprehensive and internally controlled code of ethics. 2. to verify that the code of ethics and its controls are comprehensive and that everyone in the organization understands and complies with it. 3. to report to management any deviation from the code of ethics and its control systems. The Board of Directors may ultimately have to address any failures in the code or its controls. 4. to act in accordance with the code of ethics in making personal decisions. What are Ethics and Morals? Ethics are the rules people use to define and regulate moral behaviour. Morals distinguish right from wrong. Descriptive ethics are codes of ethics as actually practiced. Descriptive ethics provide no value judgements. Normative ethics, or moral reasoning, develops statements about whether a practiced ethical system is good or bad...
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...Project Management Institute Code of Ethics and Professional Conduct CHAPTER 1. 1.1 VISION AND APPLICABILITY Vision and Purpose As practitioners of project management, we are committed to doing what is right and honorable. We set high standards for ourselves and we aspire to meet these standards in all aspects of our lives—at work, at home, and in service to our profession. This Code of Ethics and Professional Conduct describes the expectations that we have of ourselves and our fellow practitioners in the global project management community. It articulates the ideals to which we aspire as well as the behaviors that are mandatory in our professional and volunteer roles. The purpose of this Code is to instill confidence in the project management profession and to help an individual become a better practitioner. We do this by establishing a profession-wide understanding of appropriate behavior. We believe that the credibility and reputation of the project management profession is shaped by the collective conduct of individual practitioners. We believe that we can advance our profession, both individually and collectively, by embracing this Code of Ethics and Professional Conduct. We also believe that this Code will assist us in making wise decisions, particularly when faced with difficult situations where we may be asked to compromise our integrity or our values. Our hope that this Code of Ethics and Professional Conduct will serve as a catalyst for others...
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...Evaluation of a Business Code of Ethics Holly Danielle Murphy PHL 323 Ethics in Management September 20, 2010 Mary Carter Evaluation of a Business Code of Ethics The code of ethics for InnerCity Broadcasting Company may be found in any business as its code is very standard. In this paper I will identify the ethical system at play within InnerCity Broadcasting Company and discuss how the code of ethics is used within the organization. The paper will also identify the type of ethical system at play within the organization and include information in regard to the different departments and the code of ethics. Each member of the company will need to understand the entire code of ethics; however, they will find different uses for this code within his or her duties. Additionally, modification of the code of ethics will be discussed and any amendments will be identified accordingly. Finally, the reaction to the new amendments of the code of ethics by both management and employees will be discussed. The company was founded by Percy Sutton who purchased the first owned African American radio station in 1971. He believed that the best way to empowerment was through the media and politics (HarlemTorch, n.d.). According to InnerCity Broadcasting Company (2010), the mission statement of InnerCity Broadcasting Company states: “Our primary focus is on entertaining and informing our listeners and helping advertisers to better understand the benefits of promoting their products and service...
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...Running head: Motivation, Conflict, and Ethics Motivation, Conflict, and Ethics University of Phoenix Motivation, Conflict, and Ethics As an employee of a Medicare contractor communication is a vital aspect of the work environment. There is a 24 hour hotline which serves as means of communication between employees and human resources. The use of a 24 hour hotline as a communication method allows flexibility among the staff in receiving information. Professional, societal, and individual ethics are a very important part of the corporate culture. Being a contractor the company has to be trusted in dealings with companies and also personal information. Internal policies and procedures reflect a conscious effort to maintain high ethics among staff. They have gone so far as to establishing a dedicated phone number and email for employees to report any unethical behavior. This company does its best to hire employees with high individual ethical standards. Employees are also trained thoroughly on ethical procedures in the workplace that all staff are expected to adhere to. Motivational theories The motivational theories used by the Medicare contractor include production quotas, bonus incentives for hitting quality and timeliness requirements, and push days. The production quotas are reviewed on a weekly basis, and managers communicate the percentages to the employee: offering praise, pointers, or management help to bring substandard percentages up to expectation. Bonus incentives...
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...As a founder in a management consulting firm that caters to non profits, the development of a Code of Ethics became an integral part of our company’s foundation. It is in the best interest of both “for profit” and “nonprofit” businesses to create a Code of Ethics. A Code of Ethics will establish guidelines to management, employees and stake holders. These “rules of conduct” implement organizational structure that will encourage management and employee to embrace loyalty and accountability. This in turn creates mutually beneficial good faith practices as it pertains to its stakeholders. While “nonprofit “companies often obtain their funds from government agencies, they are not without the usual considerations as it pertains to the bottom line. Both “for profit” and “non profit” organizations must balance the scales of fiscal and ethical responsibility. A crucial part of our firm’s success lies in our ability to balance those scales on behalf of our firm’s team and the non profits that we serve. A Code of Ethics for our consulting firm will require all of its associates and management to maintain the highest level of integrity when dealing with each other, security holders, customers and others whom the company conducts business with. The purpose of the code will: * Promote honest, fair and ethical conduct within personal and professional relationships. * Encourage associates to comply with government laws, rules, and regulations. * Allow for confidential...
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...Product Description Version 1 1. Questions: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Question: (TCO E) In order to have a high-performance...
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...Product Description Version 1 1. Questions: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Question: (TCO E) In order to have a high-performance...
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...Company X Code Of Ethics Section I: Standards and Procedures 1. Equal Opportunity Employment Employment with Company X is based solely on individual merit and qualifications directly related to professional competence. Discrimination or harassment of any kind is strictly prohibited, including discrimination or harassment on the basis of race, color, religion, veteran status, national origin, ancestry, pregnancy status, sex, gender identity or expression, age, marital status, mental or physical disability, medical condition, sexual orientation or any other characteristics protected by law. 2. Positive Environment Company X prohibits unlawful harassment in any form – verbal, physical or visual. If an employee believes they have been harassed by anyone at Company X, they should immediately report the incident to their supervisor, Human Resources or both. Supervisors and managers who learn of any such incident should report it to Human Resources immediately. HR investigates and take appropriate action on all complaints promptly and thoroughly. 3. Drugs and Alcohol Company X takes a Zero Tolerance policy related to drug use. Due to the threats to the health and safety of our employees, it is not permitted. Consumption of alcohol is banned while on company property, although it may be consumed on company outings. Company X requires its employees to use good judgment and never drink in a way that leads to poor awareness, inappropriate actions, endangers the safety...
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...BUSINESS ETHICS AND CSR IN THE CONTEXT OF SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these factors in the business’s ethical guidelines has a significant impact on the ability of the business organisations to perform well on the long term basis. In this report the Samsung Electronics’ ethical issues are studied along with the importance of the business ethics and Corporate Social Responsibility (CSR) practices adopted by the business organisations. The upcoming sections of this report present information about the meaning and importance of business ethics which is followed by the description of the violations of the ethical issues by the Samsung Company and the also the role of Samsung management in promoting CSR and overcoming ethical issues. 2.0 Meaning of Business Ethics The primary objective of each and every business organisation is to run business for the purpose of profit as well as the maximisation of owners’ wealth. Profit can be maximized by selling goods and services at reasonable prices and as far as wealth is concerned this can only be maximized if business follows the required ethics. The term business ethics means...
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...Code of Ethics Teresa Sieck ETH/ 316 July 2, 2012 Ed McCullough Code of Ethics A code of ethics is a collection of principles practiced and followed by management of businesses and corporations around the world (Spiro, 2010). A businesses code of ethics works with a company’s mission statement and policies of conduct that gives employees, partners, venders, and outsiders an understanding of what the company stands for and believes in (Boylan, 2009). It should address the differences or variations in both company’s industry and its broader goals for social responsibility (How to create a company code of ethics, 2012). It should be strong enough to serve as a guide for employees with questions to resolve issues on their own if needed (Trevino & Nelson, 2007). Wal-Mart is one of the largest corporations in the United States. As one of the largest corporations the company has a social responsibility to their employees, customers, and the community. The code of ethics works with and around these principals. Wal-Mart has three basic principles, 1) respect for the individual, 2) service to the customer, and 3) striving for excellence (What is Wal-Mart’s Code of ethics, 2011). The following is an example of what a code of ethics could be and what values a business may have. Vision Statement: People are assets not possessions; employees, customers, and communities should be treated with fairness, respect, honesty and integrity. The corporation’s global vision is to...
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...Chapter 1 ETHICS & BUSINESS ETHICS AN INTRODUCTION TO ETHICS Ethics is not a recent discovery. Over the centuries philosophers in their struggle with human behavior have developed different approaches to ethics, each leading to different conclusion. The word “Ethics” which is coined from the Latin word ‘Ethics’ and Greek word ‘ethikos’ pertains to character. Ethics is thus said to be the science of conduct. As a matter of fact it deals with certain standard of human conduct and morals. The field of ethics involves systematizing, defending and recommending concepts of right and wrong behavior. Ethics is a mass of moral principles or set of values about what is right or wrong, true or false, fair or unfair, proper or improper, what is right is ethical and what is wrong is unethical. MEANING AND DEFINITION OF ETHICS Peter F. Drucker writes- “There is only one ethics, one set of rules of morality, one code that of individual behavior in which the same rules apply to everyone alike.” Philip Wheel Wright says- “Ethics is the branch of philosophy which is the systematic study of selective choice, of the standards of right and wrong and by which it may ultimately be directed.” Swami Vivekananda has set the tone for ethics. He says- “Supreme oneness is the rationale of all ethics and morality. Ethics cannot be derived from the mere sanction to any personage. Some eternal principle of truth has the sanction of ethics. Where is the eternal sanction to be found except...
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...effectively with others in an academic and business environment and providing assistance maintains the care and upkeep of the business consist of accountability, communication, and business ethics. II. Informal Outline 1. Accountability A. Acceptance for sole accountability for every decision made. 1. To hold someone accountable for their actions makes sure all parties involved considered the description for duties to complete an assignment precisely. 2. According to Draft, “accountability means that the people with authority and responsibility are subject to reporting and justifying task outcomes to those above them in the chain of command.” 3. For any business to function well, it is important that all know what they are accountable for and accept the responsibility. 4. Great expectations for attending classes require accountability and more perseverance. 5. Failure to meet expectation results in withdrawal from classes, decease in academics, and hesitation in completing degree. 6. Prioritizing is always key to solving conflicts, especially time-sensitive and grade affecting problems. 7. As a student's courseload becomes more core-intensive, so ...
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...Corporate Governance and Ethical Responsibility Claudette Harrington Strayer University Dr. Diane Barrs Law, Ethics, and Corporate Governance 11/10/12 1. Determine at least three (3) different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. Answer: Dr. DoRight was morally concerned when he reported the issues regarding treatment of the patient’s health and medical errors, and because of the staff illegal activities, Dr. DoRight informed his Manager and the Executive Committee about the nurses and doctors unethical and illegal behavior. According to Investor Glossary, a stakeholder is any individual, group, or business with a stake in the success of the organization and are considered a stakeholder. They are typically concerned with the organization delivering intended results and meeting its financial objectives. In general, a stakeholder usually stands to gain or lose something depending on the decisions taken or the policies implemented. A stakeholder can be one of two types internal (from within the organization) or external (from outside the organization). Different internal and external stakeholders that Dr.DoRight might have to deal with on a daily basis include the hospital employees, doctors and nurses, board of trustees, creditors, managers’ and executives. All of these persons benefit from the day-to-day decisions and operations of the organization. At the Universal Human Care Hospital...
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...4, pp. 52-66, 2000 © 2000 Elsevier Science, Inc. ISSN 0090-2616/00/$--see frontmatter PII 50090-2616(00)00005-X When Ethics Collide: Managing Conflicts Across Cultures PAUL F. BUllER JOHN J. KOHLS KENNETH S. ANDERSON Nike-one of the fastest-growing companies in the world-has been stymied recently due in part to consumer reaction to conflicts involving management practices in its suppliers' factories in the Far East. Among the accusations-poor working conditions, low wages, enforced over time, and harsh, sometimes brutal, discipline and corporal punishment. Levi Strauss & Co. was recently confronted with the challenge of how to deal with contractors in Bangladesh that employed young children, a legal practice in Bangladesh, but one contrary to Levi's company policy. The fact that these chil dren were often a sole or significant source of their family income further complicated the mat ter. Tony Anderson, Chairman and CEO of H. B. Fuller Company, was faced with a decision re garding the company's responsibility for illegiti mate use of one of its products. Resistol, a tolu ene-based glue, has become an addictive drug of choice for many Central American street chil dren. These "Resistoleros" inhale the glue and often experience violent reactions and serious health problems, including kidney failure and brain damage. ness practices. Ethical conflicts may involve a variety of issues: • bribery and extortion, as in the highly publicized case of Lockheed, which made ...
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...Assignment: u10a1 Final Health Care Organizational Ethics Plan Project Due Date: 12/14/2012 Ethnic is based on the rules and guidelines an individual uses to govern his life, as well as the manner in which he interacts with others. A personal code of ethics is a necessary ingredient to achieve success or overcome adversity. In the absence of rules, it's difficult to hold oneself accountable for poor decision-making or bad behavior. On the other hand, organizational ethics are the principals and standards by which businesses operate. They are best demonstrated through acts of fairness, compassion, integrity, honor and responsibility. The key for business owners and executives is ensuring that all employees understand these ethics. One of the best ways to communicate organizational ethics is by training employees on company standards. While ethical behavior in medical practice has been demonstrated to be beneficial to patients and medical staffs, unethical behavior has caused significant injury to them. Performing ethical behavior in healthcare by, for example, preserving patient confidentiality, medical staffs should respect patients’ autonomy, abide by their obligation to reciprocate patients’ trust, and preserve public confidence in the staff-patient relationship in healthcare. In a long run, patients who trust their medical providers to safeguard their secrets are more likely to seek prompt care for stigmatized health conditions and to disclose sensitive information...
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