Establish Core Values And Culture Of Attirity Within An Organization

Improved Essays
Drake Unlimited, LLC (DU) seeks to minimize risk of fraud and misconduct in the organization. Establishing an effective “tone at the top” is key to achieving optimal performance and integrity of financial reporting. The behaviors and actions of management illustrate the organization’s tolerance of deviant conduct. Thus, management is responsible for setting the appropriate example for the organization. This memo describes the importance of demonstrating ethical values and a culture of integrity within the organization, three proposed strategies to promote the values and ethics at DU, and the merits of each.

“Tone at the Top” Overview
Setting the right “tone at the top” of an organization is essential to improve the effectiveness of internal
…show more content…
Setting the tone from leadership of DU will provide the structure and cultural cues for the organization. To that end, the following three strategies are proposed:
Establish Core Values and Code of Conduct
Creating core values that represent the essence of DU, aligned with the corporate mission, will provide the framework for employees. These core values will embody attributes such as integrity, ethics, and accountability. In conjunction, a code of conduct will be implemented, which details the expectations of honesty, fair dealing, respect, and teamwork. The values and code will be made prominent in the work environment. Setting the expectations for behaviors, and values will lead to better performance (McNally, 2013).
Communication and Training
The leadership of DU will communicate the company’s core values, and code of conduct policies. Each employee will be trained accordingly. A test to ensure understanding will be given to employees, which will require an 80% accuracy in order to pass, and each employee must pass. Three attempts are granted. Failure to pass will result in additional training for the employee, and one final opportunity to pass the test. Continued failure may result in termination. Reaffirmation testing will be administered annually. The formal nature of the testing demonstrates the commitment to a culture of ethical

Related Documents

  • Improved Essays

    Chapter six focuses on the need to have a culture of discipline. A Good to Great Company, has self-disciplined employees that work within a structured framework yet has the freedom and responsibility to make decisions within the framework. These individuals are extremely self-disciplined and do not need managing, they are willing to go above and beyond to meet their requirements. This discipline is from within the individual not a directive from the leader.…

    • 845 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Globoforce Case Study

    • 1451 Words
    • 6 Pages

    Introduction A leader is a person who leads a group of team and drives them towardsthe achievement of company’s goal and objective (Adair, 2007). He motivates people working under him and gets the work done by them. However whenever a leader exercises his power and responsibilities some problem occur, some conflicts arise. This report will address those topics.…

    • 1451 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    Autism Chapter 1 Summary

    • 433 Words
    • 2 Pages

    4. Equity: We promote fair and equitable access to supports, opportunities and services for all individuals on the autism spectrum; and strive for equity and fairness in decision making and in our relationships with others. 5. Integrity and Accountability: We act with honesty, integrity and openness in all dealings; adhere to high ethical and performance standards and manage resources in a responsible and prudent manner. 6.…

    • 433 Words
    • 2 Pages
    Decent Essays
  • Superior Essays

    Ethics, broadly defined, is the a set of values or principles established by society for its betterment. Many of these values and principles are incorporated into culture and law. Organizations today integrate ethics into the foundation of their businesses in order to augment the professional value and trustworthiness of the their enterprise. Both public and private companies are expected to uphold certain ideals and internal controls for the benefit of their stakeholders. Operating with high virtues dictates an enterprise’s true value.…

    • 1234 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Anchor Climate Care

    • 619 Words
    • 3 Pages

    Code of Conduct for Anchor Climate Care (Disclaimer: All uses of “We,” “Our,” or “Us” refer to Anchor Climate Care) 1.0 Purpose of Code 1.0.1 Overview The purpose of this code is to explain what is expected of all employees. This will outline the principles and guidelines on how to uphold the company’s value as well as consequences for violating said-principles. 1.0.2 To whom the code it applies This code applies to all employees and management of Anchor Climate Care.…

    • 619 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Leaders Eat Last Analysis

    • 521 Words
    • 3 Pages

    This book explains why the best performing organizations have a culture that unifies them. As humans, we are wired to respond to incentives and accomplishment based on performance. However, much of our motivation comes from cooperation, trust and…

    • 521 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Company Q Stakeholders

    • 1376 Words
    • 6 Pages

    Identifying Stakeholders I think it’s important to identify who is being affected by Company Q’s current attitude toward social responsibility or Company Q’s lack of social responsibility. These groups are composed of primary stakeholders and secondary stakeholders. Primary stakeholders for company Q would be its employees, customers, investors, shareholders, governments, and communities that provide necessary infrastructure which are crucial to company’s Q’s survival. (Ferrell, Fraedrich, & Ferrell, 2009).…

    • 1376 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    White collar crime which is committed by the business managers, director or executive is due to lack of integrity in order to achieve high performance. In a global capitalism, the problem of lack of integrity is a candid situation. In order to achieve high performance the role of integrity is usually left by certain directors and it later then cause white collar crime such as corporate corruption. Codes of ethics tend to be reasonably general in their tenor, encouraging employees to display particular characteristics such as loyalty, honesty, objectivity, probity and integrity. Director’s code of ethics plays an important role in corporate governance in order to make sure that an organization achieves high performance.…

    • 156 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Reflected Values Paper

    • 588 Words
    • 3 Pages

    This paper will describe how Sarah’s practices reflect her values as a leader. Additional insight will be provided for ways leaders might develop a culture that encourages a similar approach. Next, this paper will highlight biblical values that align with Sarah’s values. Finally, current literature regarding these values will be discussed. Sarah’s Actions and Reflected Values Participation and Engagement Initially, Sarah simply asked her team members what they needed to do their jobs.…

    • 588 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Mission Statement Create a high-end clientele service with a personal touch to customers focused in Melbourne area. Company will work towards significant profits to ensure personnel and stakeholders can benefits and prosper equally. Vision Statement Expand into different and more prosperous business aspect related to real estates. Achieve 20% market sales in Melbourne while expanding reach to different areas of Florida.…

    • 149 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    In this segment of the paper, I will analyze the organizational culture of the CVS Health Corporation. The CVS Health Corporation is the second largest pharmacy chain in the United States; the corporation has approximately 7,027 stores in 45 states and Puerto Rico. CVS is committed to innovation, reinventing the pharmacy operations and leading their customers to better health (“CVS Health,” 2015; “Yahoo Finance: CVS,” 2015).…

    • 959 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Wells Fargo Ethics Essay

    • 1011 Words
    • 5 Pages

    Wells Fargo scandal case of millions phony accounts tells indication that this financial services company should look in the ethical mirror. The company should implement integrity as governing ethic and should be conscious that integrity makes positive differences in business. Moreover, the company should build integrity in their executives and employees’ behavior. As a result, integrity will guide the managers and employees in making right decision.…

    • 1011 Words
    • 5 Pages
    Superior Essays
  • Brilliant Essays

    When employees in organizations make decisions to act unethically, they affect not only the company itself, but also its shareholders, employees and customers. Employees make a countless number of choices every day in businesses, if they act unethical, they can damage a company's productivity, profits and…

    • 1804 Words
    • 8 Pages
    • 6 Works Cited
    Brilliant Essays
  • Improved Essays

    Jack Welch Case Study

    • 1814 Words
    • 8 Pages

    Jack Welch, is United States one of the most successful CEO, running the most valuable firm in the US, General Electric. His main philosophies are: • Keep Business Simple and don’t over complicate it • Be practical and face reality • Don’t fear change • Fight Bureaucracy • Use your worker's brain • Identify people with best ideas and put them into practice And always keep learning from your associates, competitors, and customers. Learning should be consistent and then only you will be able to successfully position your company to take advantage of upcoming opportunities that will arise in future.…

    • 1814 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    Digicel Case Study

    • 1234 Words
    • 5 Pages

    • Having an effective line of communication within the company to maintain teamwork, comradely and establish quality workmanship throughout the organization. • Ensure customers are provided with top level customer services, to ensure customers are pleased…

    • 1234 Words
    • 5 Pages
    Improved Essays