370).
On the subject of shareholders and adverse publicity, in the book Corporate Ethics and Corporate Governance, the authors mention how much investors / shareholders "hate" surprises, in particular when the surprises are caused by the "unethical behavior of senior managers…" (Zimmerli, et al., 2007, p. 155). In today's mass media environment it is a sure thing that some blogger, local newspaper reporter or national cable news talking head is going to find out that company X has hired a lobbying firm to basically bust the competition. When this story hits the 24-hour news cycle -- and the media today is extremely competitive, so it is a given that several media outlets will dig deeper into the story and be less than objective in their reports -- the shareholders will be hit with the surprise they did not want to be hit with.
An embarrassing public relations disaster like this may take years for company X to overcome, and meantime the community and all the stakeholders will be held accountable for the...
Ethical Behavior Theory in Organizations This analytical research report discusses the debatable issue of the much-needed ethical behavior in working milieu. The research paper highlights the fundamental characteristics, a well-drafted research design, a separate section of suggestions; a Works Cited an appendix featuring important data and relevant diagrams pertaining to the organizational behavior theory and the underlying ethical issues. The Works Cited nine sources in MLA format. ETHICS AND ORGANIZATIONS Ethics and ethical
Ethical behavior of a person or a corporation greatly affects the stakeholders with which that person is involved. Often, people and companies take serious consideration when it comes to those stakeholders, and they work to take good care of the people who are involved with them (Keller, 2002). There have been cases, though, where ethical behavior has been ignored in the name of profit. Eventually, most companies and people who
HRTC and violation of Internal Revenue Service (IRS) standards. If not addressed, these issues could have serious legal ramifications on HRTC, not to mention the potential loss of public confidence. Whether in for-profit or non-profit organizations, ethical challenges exist in virtually all types of organizations (Rhode & Packel, 2009). For non-profit organizations, expectations of ethical conduct are particularly higher as the organizations are generally involved in charitable causes. Nonetheless, achieving
.....ethical plan and strategy is integral to an organization's overall commitment to social responsibility. In "Marketing Ethics and Social Responsibility," Marinova (2013) first discusses the general importance of ethics as a general marketing strategy, in order to promote the brand as one that is socially responsible and thereby position the organization not just ethically but also strategically within the marketplace. Next, Marinova (2013) defines terms related to ethics and corporate
From this broader perspective and in their planning and operations they have changed the term 'stockholder' to 'stakeholder' to cover employees, customers, suppliers and the community at large. With the growing complexity and dynamism brought about in business, organizations understood they required more guidance to guarantee that their dealings aligned with the overall good and did not pose any harm to others and with this was born business ethics.
These days the business world has gone global, which has strengthened the ethics debate. Making payments in order to get business is ordinary practice in a lot of developing markets in Asia, Africa, the Middle East, and Eastern Europe, and some companies feel indebted to play the game in order to compete and many of these companies have paid the ultimate price (George, 2008). The only way to build a
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