Ethics and Business Strategy Essay
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…
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