Ethics and Business Strategy Essay

785 Words Dec 1st, 2012 4 Pages
Corporate Ethics: The Moral element of business :
Corporate Ethics: The Moral element of business

Defining Ethics :
Defining Ethics Understanding of right and wrong Ability to distinguish between the right and the wrong. Integral part of life Running a business is a part of life

Corporate Ethics :
Corporate Ethics Based on principles of integrity and fairness Focuses on - Stakeholders, and employees. Quality of product and services Customer satisfaction. Community and environment

Corporate Ethics are implemented to- :
Corporate Ethics are implemented to- Define the framework of the acceptable behavior. Follow high standards of practice. Create benchmarks for self evaluation. Enhance sense of community. Create transparency in the
…show more content…
Recognizing the company’s need to manage corporate ethics The dangers of taking it for granted. Supporting management to prevent or protect against unethical activities Developing strategies to raise the ethical standard in the organization. Build trust as a competitive lead.

Approaches to Bring a Code of Corporate Ethics to Life :
Approaches to Bring a Code of Corporate Ethics to Life Emphasize values, in creating the code of corporate ethics supported by rules. Employees should be Educated about the corporate ethics code to make it relevant and real. Reinforce the code within and beyond the organization. Encourage employees to become active participants in upholding the corporate. ethics code and its values. Gather feedback, measure effectiveness and continually improve the code of conduct.

Corporate ethics: the Indian Perspective :
Corporate ethics: the Indian Perspective Indian business culture puts a premium on favors, friendship and clanship. Friendship is highly valued, whether based on multigenerational family friendships, school friendships or personal friendships. The Western concept of conflict of interest does not always mesh well with the Indian value of loyalty.

Case: Infosys Technologies :
Case: Infosys Technologies Have a distinctive work culture and value system. Great importance on customer delight, leadership, integrity, transparency, fairness and pursuit of excellence. Open door policy. Value employees and encourage

Related Documents