Company X Code Of Ethics Term Paper

Length: 8 pages Sources: 5 Subject: Business - Ethics Type: Term Paper Paper: #60239667 Related Topics: Company Background, Code Of Ethics, Workplace Ethics, Core Values
Excerpt from Term Paper :

Company X has faith in its employees to utilize their own ethical judgment in conjunction with the rules and standards set forth by the company in order to assure that actions within the company are performed at an optimal level across the board.

Implementation and Communication

In order to assure that a code of ethics is implemented to the best of its ability into a company, gradual implementation must be used along with clear communication as to each step of the process in order to assure that the code of ethics is fully understood and used within the company by its employees.

In order to begin implementation, a checklist regarding steps needed to begin code adherence could prove helpful in providing a smooth transition into code use. In the early stages of implementation, it is crucial that as many people as possible -- employees included -- are involved in both the development of the working code and the laying of its foundation within the workplace. In implementing the code slowly in order to gauge that it has achieved full understanding and compliance from the staff, managers and owners can then integrate the aforementioned core values into the process in order to provide incentives for success. With slow and steady implementation, employees are more likely to abide by and utilize the code in their actions as opposed to having regulations dropped on them in bulk assuming they will abide.

Slow and steady education in terms of implementation provides a greater chance that this knowledge will stick. Through the use of ongoing ethics workshops and team building to guide implementation, employees are given the opportunity to utilize the code in their own actions, which makes it far more likely that a system of checks and balances within the store is more likely, with workers keeping an eye on one another.

Along with implementation is communication which is key to the code being used to its full potential. Employees must be encouraged to communicate freely and openly between each other and with superiors in order to gauge how the code is being used and accepted within the company. Should an aspect of the code be difficult to understand or utilize, employees must not fear negative repercussion should they need to ask for further explanation from a manager or company higher-up.

Enforcement and Reporting

As noted, only if employees have a comprehensive understanding of the code and its purpose will they feel the need to report a lack of use among the staff. As well as reporting of an individual's lack of code use, employees should also be...

...

Should an issue arise, employees should be encouraged to bring a lapse in code success to mangers so changes to the code can be made completely within the company as opposed to being made only after an outside complaint from a customer or supplier is lodged.

Employees should further be encouraged to report issues of non-compliance without fear of causing issues between co-workers. With open communication and discreet reporting standards, employees are more likely to raise issue with a manager rather than allowing an instance of noncompliance to slide by unreported. How then, is enforcement of the code assured? Singh (2011) notes that, "codes should include enforcement provisions and incentives to increase the effectiveness of a code and its compliance" (Singh, 2011, p. 388). In providing incentives to employees to report instances, chances are far greater that these incidents will be reported and addressed.

In allowing for clear and open communication amongst the staff in its entirety without fear of firing or lawsuit, issues are far more likely to be addressed when they are at a minimal level of severity. By making sure that employees are aware that reporting is a vital part of company growth, these employees will be less uneasy about addressing issues before they are able to escalate into an issue that could cause serious damage to the company or employee morale.

Mission Statement

As a small grocery store and pharmacy, Company X seeks to operate in a manner suitable to achieving its mission of providing customer satisfaction, loyalty to its employees, ethical treatment of staff and suppliers, and an active support of its local community. Company X is aware that a company is only good as the promises it keeps. To its customers, Company X promises to provide quality and satisfaction to its customers with quality products at competitive prices and first rate customer service in a safe and friendly environment. To its employees, Company X promises to value each employee as an individual in order to foster teamwork and camaraderie while providing job security and support. And to the community it serves, Company X promises to work in order to enhance community endeavors through contributions both financial and participatory.

References

Emerson, T., McKinney, J. And Neubert, M. (2010). "The effects of ethical codes on ethical perceptions of actions toward stakeholders." Journal of Business Ethics. 97:1. p. 505-516. Retrieved from: ProQuest Database.

Gaumnitz, B. And Lere, J. (2007). "Codes of ethics with impact." The CPA Journal. 15:1.

p. 106. Retrieved from: LexisNexis Database.

Godkin, L. And Valentine, S. (2009). "Ethics, social responsibility, and ethical reasoning in an education-based center: when doing good results in good employees." Journal of Leadership, Accountability and Ethics. 7:3. p. 1-18. Retrieved from: ProQuest Database.

Kaptein, M. (2011). "Toward effective codes: testing the relationship with unethical behavior." Journal of Business Ethics. 99:2. p. 233-248. Retrieved from: ProQuest Database.

Singh, J.…

Sources Used in Documents:

References

Emerson, T., McKinney, J. And Neubert, M. (2010). "The effects of ethical codes on ethical perceptions of actions toward stakeholders." Journal of Business Ethics. 97:1. p. 505-516. Retrieved from: ProQuest Database.

Gaumnitz, B. And Lere, J. (2007). "Codes of ethics with impact." The CPA Journal. 15:1.

p. 106. Retrieved from: LexisNexis Database.

Godkin, L. And Valentine, S. (2009). "Ethics, social responsibility, and ethical reasoning in an education-based center: when doing good results in good employees." Journal of Leadership, Accountability and Ethics. 7:3. p. 1-18. Retrieved from: ProQuest Database.


Cite this Document:

"Company X Code Of Ethics" (2011, July 29) Retrieved June 16, 2021, from
https://www.paperdue.com/essay/company-x-code-of-ethics-43665

"Company X Code Of Ethics" 29 July 2011. Web.16 June. 2021. <
https://www.paperdue.com/essay/company-x-code-of-ethics-43665>

"Company X Code Of Ethics", 29 July 2011, Accessed.16 June. 2021,
https://www.paperdue.com/essay/company-x-code-of-ethics-43665

Related Documents
CEO of Company X While It Is
Words: 604 Length: 2 Pages Topic: Accounting Paper #: 9129524

CEO of Company X While it is understandable that our company does not wish to incur the additional expense of yet another salary onto the payroll, sometimes it is necessary to spend money to save money. Adding a managerial accountant to the accounting department is essential to ensure that Company X remains competitive in the future. In the information age, knowledge is power, and a managerial accountant is able to

Code of Ethics: Ethics
Words: 3049 Length: 10 Pages Topic: Business Paper #: 90740150

Code of Ethics Company X believes in having a clear roadmap for conducting business in a proper and sustainable way. It is for this reason that we have in place a well-developed Code of Ethics -- a statement that seeks to ensure that our conduct of business is consistent with not only the industry best practices, but also all the laws of the land. Organization X is a hypothetical firm that

Ethics Program for a Company
Words: 1596 Length: 5 Pages Topic: Business - Ethics Paper #: 99310248

Ethical actions within organizations have attracted increased attention and concerns in the past few years because of recent incidents of unethical behaviors by management of some leading corporations across the globe. These incidents have in turn contributed to more scrutiny of activities of corporations and individuals who act on behalf of organizations. As a result, organizations have reacted to the increased scrutiny by developing and implementing formal ethics programs to

Ethics in Organizational Leadership the
Words: 2695 Length: 8 Pages Topic: Leadership Paper #: 26928014

At NIB (National Irish Bank), the unethical behavior of employees according to Knights and O'Leary (2005) was at no time suppressed. Leaders in this case according to the authors were largely concerned with profit maximization. This is a clear indication that when leaders fail to mould subordinates, the consequences could be dire. Indeed, a report issued by the inspector general with regard to the scandal at the institution revealed that

Ethics Journal in Goldman, Wall Street, and
Words: 870 Length: 3 Pages Topic: Business - Ethics Paper #: 66598796

Ethics Journal In Goldman, Wall Street, and a culture crack up, Ken Makovsky describes an ethical issue in which a mid-level banker at Goldman Sachs, Greg Smith, alleged that the firm relegated client needs to its search for quick profits. What he describes is more behavior that reaffirms the idea of a culture of greed permeating Goldman Sachs prior to the financial meltdown. While Goldman had been the subject of a

Code of Ethics for the Beacon Corporation
Words: 1811 Length: 7 Pages Topic: Business Paper #: 218455

Code of Ethics for the Beacon Corporation Company Introduction and Background The Beacon Corporation has been providing banking and financial services to its customers for more than fifty years. Beginning as a small bank and personal consulting firm in northern New Jersey in 1969, this company soon branched out to Wall Street and experienced extreme levels of growth, which ultimately spawned a nation-wide expansion in the early 1990's. With its sound investment