Evaluation of a Business Code of Ethics
Evaluation of a Business Code of Ethics
Introduction In this paper the code of ethics of Exxon Mobil Corporation will be evaluated. The company code of ethic will be evaluated. The evaluation will be conducted with a case study analysis.
Exxon Mobil At the time of the completion of this paper Exxon Mobil claimed to be the world 's largest publicly traded international oil and gas company. The claim that they are providing energy that helps underpin growing economies and improve living standards around the world. However it is well remembered the great catastrophe that was created by the Exxon Valdez in the Alaska’s Prince William Sound in 1989. At that time the company tanker spilled 11 million gallons of crude after a human error. The captain of the ship was under the influence of alcohol. After the spill the company didn’t respond to the crisis properly (University of Florida, Interactive Media Lab, 2002). The company ethics code was revised in January of 2006 and it is still used today. It is fair to comment that after the 1989 disaster the company has a policy named spill prevention. This clearly shows that they learn from the 89 mistakes.
Company Mission According to Exxon Mobil ( 2011), the Exxon Mobil company mission is “to be a company at the leading edge of competition in every aspect of our business. That requires the Corporation 's resources – financial, operational, technological, and human – to be employed wisely and evaluated regularly. While we maintain flexibility to adapt to changing conditions, the nature of our business requires a focused, long-term approach. We will consistently strive to improve efficiency and productivity through learning, sharing, and implementing best practices. We will be disciplined and selective in evaluating the range of capital investment opportunities available to us. We will seek to develop proprietary technologies that provide a competitive edge. We aspire to achieve our goals by flawlessly
Introduction In this paper the code of ethics of Exxon Mobil Corporation will be evaluated. The company code of ethic will be evaluated. The evaluation will be conducted with a case study analysis.
Exxon Mobil At the time of the completion of this paper Exxon Mobil claimed to be the world 's largest publicly traded international oil and gas company. The claim that they are providing energy that helps underpin growing economies and improve living standards around the world. However it is well remembered the great catastrophe that was created by the Exxon Valdez in the Alaska’s Prince William Sound in 1989. At that time the company tanker spilled 11 million gallons of crude after a human error. The captain of the ship was under the influence of alcohol. After the spill the company didn’t respond to the crisis properly (University of Florida, Interactive Media Lab, 2002). The company ethics code was revised in January of 2006 and it is still used today. It is fair to comment that after the 1989 disaster the company has a policy named spill prevention. This clearly shows that they learn from the 89 mistakes.
Company Mission According to Exxon Mobil ( 2011), the Exxon Mobil company mission is “to be a company at the leading edge of competition in every aspect of our business. That requires the Corporation 's resources – financial, operational, technological, and human – to be employed wisely and evaluated regularly. While we maintain flexibility to adapt to changing conditions, the nature of our business requires a focused, long-term approach. We will consistently strive to improve efficiency and productivity through learning, sharing, and implementing best practices. We will be disciplined and selective in evaluating the range of capital investment opportunities available to us. We will seek to develop proprietary technologies that provide a competitive edge. We aspire to achieve our goals by flawlessly
References: Exxon Mobil. (2011). About Us. Retrieved from http://www.exxonmobil.com/Corporate/about.aspx Treviño, L. K., & Nelson, K. A. (2007). Managing business ethics: Straight talk about how to do it right (4th ed.). Hoboken, NJ: Wiley. University of Florida, Interactive Media Lab. (2002). Effective Crisis Management. Retrieved from http://iml.jou.ufl.edu/projects/Fall02/Susi/exxon.htm