Preview

EST1 Task 2 Ethics

Powerful Essays
Open Document
Open Document
1694 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
EST1 Task 2 Ethics
I and two other individuals have agreed to start a business that will provide management consulting services to nonprofit organizations. Because of the increased scrutiny on actions of corporations and those who act on behalf of organizations, we have determined that it would be essential to have our ethics program developed before we start offering our services. A business as a moral agent must prove that it has an effective ethics program to protect employees, the corporation, and businesses that the company will serve. It is also important to have an ethics program to support the ethical values of our corporation and to make it clear to employees what is acceptable behavior, and to make clear what policies and standards are to be followed in our consulting company. It has been proven that businesses who take these steps to prevent misconduct by making the code of ethics clear for their company have had great success with no reputation damage for a period of at least five years for some (Ferrell, Fraedrich, & Ferrell, 2008).
Code of Ethics:
A: Standards and Procedures:
Responsibility of employees to one another and including management and owners shall be as follows: All employees and personnel of MCS are required to observe the highest standards of personal, professional, and business conduct. Compliance with applicable laws and regulations is the minimum standard in fulfilling ethical duties and responsibilities. Management Consulting Services endeavors to practice honesty, fairness, and integrity in all our dealings with one another, the public, the business community, stockholders, clients, and suppliers alike. This requires that we all take responsibility in ethical decision-making and recognize that all actions must reflect the highest ethical practices. Failure to follow the practices and policies of this Management Consulting Services firm can result in discipline, up to and including termination. All personnel working for MCS will be



References: Consulting, F. P. (2006). Our Code of Conduct. http://focalpointconsult.com/?category_name=our-code-of-conduct . DiMatteo, B. C., & DiMatteo, G. (2001, March 10). Code of Ethics. http://www.atlanticconsultants.com/about/code-of-ethics.htm . Ferrell, O., Fraedrich, J., & Ferrell, L. (2008). Developing an Effective Ethics Program/Implementing and Auditing Ethics Programs. In O. Ferrell, J. Fraedrich, & L. Ferrell, Business Ethics Ethical Decision Making and Cases (pp. 4-85). Boston: Houghton Mifflin Company. Gordon, A. (2006, April 6). Ethics Training Programs For Employees. EzineArticles.com/3952220 McNamara, C. M. (1992). Complete Guide To Ethics Management. http://managementhelp.org/businessethics/ethics-guide.htm#anchor41892 .

You May Also Find These Documents Helpful

  • Powerful Essays

    Sarbanes-Oxley Act of 2002

    • 1496 Words
    • 6 Pages

    Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2005). Business Ethics Ethical Decision Making and Cases. Boston, MA: Houghton Mifflin Company.…

    • 1496 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Pinto Fires

    • 687 Words
    • 3 Pages

    Treviño, L.K., Nelson, ., & K.A., . (2007). Managing business ethics. Straight talk about how to do it right, Fourth Edition. , : John Wiley & Sons.…

    • 687 Words
    • 3 Pages
    Good Essays
  • Better Essays

    References: Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2008). business ethics ethical decision making and cases. (7 ed.). boston: houghton mifflin.…

    • 1256 Words
    • 6 Pages
    Better Essays
  • Good Essays

    EST1 Task 1 Ethics

    • 886 Words
    • 3 Pages

    Company Q is a small grocery store chain working on being profitable in a large city. Company Q had a couple of stores that were not profitable and were in an area rated for higher crime, so they chose to close these two stores. The social responsibility choice by Company Q was abatement, choosing to remove the stores from the negative environment (Ferrell, Fraedrich, & Ferrell, 2008). Company Q has by request, been offering high margin items, specifically organic products which are considered a health conscious choice for customers concerned with the environment. These items have to be fresh and being perishable after being displayed for the day result in discarding or wasting by throwing the food away, which is of concern to the community. The community has a food bank which asked for donations of this organic food hoping to help those in need, but Company Q turned them down and showed no real interest in helping the community with the excuse for concern over possible fraud or employees stealing the food that was claimed to be for donation. The social responsibility for helping those in need is being avoided by Company Q simply because they claim concern over fraud by employees. This choice by Company Q may give them a negative reputation for the community (Ferrell, Fraedrich, & Ferrell, 2008). Job seekers may not want to work for Company Q if they see it as not being socially responsible and the possibility of being stereotyped as a possible thief just because you work for Company Q. The employees may have lower morale because of the negative reputation and disgust towards management for the lack of trust as an excuse for being socially irresponsible towards those in need. This choice may also cause a drop in current shoppers and a choice by possible new shoppers to choose to shop elsewhere.…

    • 886 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Study 4 In a simulation training study, undergraduate participants will be asked to help another participant learn a list of words. In reality, though, the participant learning the words will be an experimenter confederate who purposely gets some of the words wrong. The actual participants will be told that they have to scold the learner whenever the learner makes a mistake. Anytime the participants hesitate in scolding the learner for mistakes, the experimenter will tell them that they must scold the learner or they will not receive credit for the experiment. The number of times the participants scold the learners will be recorded. Each participant will sign a consent form before the experiment begins.…

    • 501 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The world is filled with decisions to be made both in business and from a personal standpoint. All too often however, these worlds cross and an unethical decision could cause a scar on the company that could last indefinitely. In order to teach ethical behavior to the employees of a company one must first demonstrate the behavior themselves. Develop a culture of honesty, trust, and accountability that others will follow and in turn use in their own daily lives. A good standard Code of Ethics within any company will also place in writing the expectations a company has of its employees in the treatment of others, customers and co-workers alike. It is important to recruit, hire, and train management staff that will strictly abide by a Code of Ethics, employees are likely to follow their director and display the behavior shown to them in a presumed means of keeping their jobs intact. Good working strategies on teaching ethical behavior within the company are:…

    • 1551 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Est1 Task 1

    • 1477 Words
    • 6 Pages

    References: Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2009). Business ethics, ethical decision making and cases. (7e, 2009 update ed.).…

    • 1477 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Develop an Ethics Program

    • 2166 Words
    • 9 Pages

    References: Ferrell, O C, Fraedrich, J, & Ferrell, L. (2008). Business ethics ethical decision making and cases. Boston, MA: Houghton Mifflin Company.…

    • 2166 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Study Guide

    • 1480 Words
    • 6 Pages

    References: Ferrell, O.C and Fraedrich, John. (2011). Business Ethics: Ethical Decision Making and Cases. 2011 custom edition (8th ed.). Mason, OH: South-Western Cengage Learning.…

    • 1480 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Syllbus

    • 2210 Words
    • 9 Pages

    This course provides a foundational perspective for socially responsible management practices in business. Special emphasis is placed on the interrelated nature of ethics, moral, legal, and social issues in managing individuals, groups, and the organization within a business environment.…

    • 2210 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Ethics Outline

    • 1266 Words
    • 6 Pages

    Ferrell O.C., Fraedrich J., & Ferrell L., (2000) Business Ethics, Ethical Decision Making and Cases. Houghton Mifflin…

    • 1266 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    References: McNamara, C. (2003). Complete Guide to Ethics Management: An Ethics Toolkit for Managers. Retrieved 15 June 2005 from www.mapnp.org/library/ethics/ethics.htm…

    • 1580 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    mutation

    • 1816 Words
    • 8 Pages

    Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to do it right. (5 ed, pp. 1-148). Danvers, MA: John Wiley & Sons, Inc.…

    • 1816 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Personal Views Ethics

    • 1072 Words
    • 5 Pages

    Each person should live with moral standards. To distinguish between the right and wrong is based on the person’s ethics. It describes what kind of values and beliefs does the person has. In business, it composed of standard ethics that serves as a guideline among employees about their expectation to the company. Newell S. stated that ethics in business focuses on identifying the moral standards of right and wrong as they apply to behaviour within and across business institutions and other related organizations.…

    • 1072 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    The Demise of Aig

    • 846 Words
    • 4 Pages

    References: L. Ferrell, O.C. Ferrell, & J. Fraedrich. (2012). Business ethics: Ethical decision making and cases (9th ed.). Mason, OH: South-Western.…

    • 846 Words
    • 4 Pages
    Better Essays