Question

NOTE: Please remember to identify your source of information.

1. You have been asked to join a team as a representative of your department. The team has been tasked with the development of an ethics training program to support the company’s new code of ethics. What would your recommendations be?
2. Your company wrote its code of ethics in 1986. You have been assigned to a team that has been tasked with updating the code to make it more representative of current business ethics issues like the Internet and modern business technology. What are your recommendations?
3. Does the role of an ethics officer bring real value to an organization, or is it just “window dressing” to make the company look good?
4. Do you think you could be an ethics officer? Why or why not?
5. When you go shopping, do you pay attention to how transparent the company is in its business practices? Why or why not?
6. Would organizational integrity make a difference in your loyalty to a company? Why or why not?

Answer 1

1. The companies in the current era have to follow the code of ethics to sustain the business environment. There are many unethical issues in business enterprises such as honesty, integrity, corporate social responsibility, and indiscrimination. The managers should practice so that they follow corporate ethics to attract the stakeholders' trust. The company should make a code of ethics that defines the dos and does not's in an enterprise.

2. The company formulated its code of ethics in the year 1986. The business environment changes at a particular pace and is highly dynamic. In the year 2020, the companies should update the ethics with the change in the unethical practices. For instance: identity theft and fraud came into existence in recent years, and hence, the old code of ethics cannot suffice the purpose of avoiding these issues. The best recommendation here is to update, and add the current unethical issues, and concerns.

3. An ethics officer plays a very crucial role in business enterprises. It is because the employees and managers often conduct unethical practices in the premises. An officer will supervise the practices so that the employees do not conduct corrupt practices in the company.

4. An ethics officer should himself inculcate the personalities of an honest and loyal official. They should also be able to lead the whole team and supervise their operations and processes. Hence, a person like this can act as an ethics officer.

5. The business enterprises should let the consumers know about the prices and quality of the product or service. They do not have to tell the consumers about the operations and processes entirely. However, they should let the consumers know about the quality and essential features of the product.

6. Integrity means that the company acts as a whole. It includes all the stakeholders in the critical processes to become a part of the company, gives practical ideas, and help in the decision-making process. It helps them to stay loyal to the company and buy their products.