What Is Integrity Continuity Analysis

Improved Essays
This business study will define strategic plan of integrity continuity analysis to apply social responsibility and ethical standards of management for stakeholder’s needs and agendas. The use of an integrity continuity plan can help to bring a more comprehensive sense of social responsibility and an ethical obligation to the owner and upper management as the primary stakeholders of the company. In this manner, the company can plan to assess the various codes of conduct, ethical standards, rewards systems, and other aspects of the stakeholder interests to avoid the penalties of unethical business practices. The two examples of unhealthy food products and racial diversity in the workplace will be assessed to identify the preventive measures that an integrity continuity plan can provide through social responsibility and ethical management. Stakeholder agendas and needs need to be holistically assessed in order to acknowledge and prevent these unethical practices in the workplace. In essence, a strategic plan to utilize an integrity continuity plan will be defined in this study of stakeholder needs and agendas through the context of corporate social responsibility. …show more content…
The stakeholders in the company typically define the rules and regulations of business conduct that may affect their standing in the community and the quality of the products they produce. The owners, stockholders, and the upper management are typically involved in conducting the affairs of the company, which can also be managed through various strategic plans in an effort to reduce corruption and unethical practices. In this manner, one strategic plan to include as many risk factors as possible is found in the integrity continuity plan to help identify and prevent major ethical

Related Documents

  • Superior Essays

    Businesses are highly encouraged to embrace ethical practices in their activities. The strong desire to make profit shouldn’t really override ethical practice (Hartman 32). The ethical dilemma In this case scenario, Chicken International Group, a chicken-processing company has…

    • 832 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Ethical and Socially Responsible Business A code of conduct is intended to be a reference or central guide for users that support day to day decision making in an organization. It is used to clarify an organization’s mission, values, and principles and linking them with standards of professional conduct. Codes of conduct offer an invaluable opportunity for responsible organizations to create a positive public identity for themselves which can lead to a more supportive political and regulatory environment and an increased level of public confidence and trust among important constituencies and stakeholders ("Conduct," 2009). One restaurant that has successfully proven to be ethically and socially responsible is Cheesecake Factory.…

    • 869 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Ethics and social responsibility are two important aspects of business law. In order for companies to be successful, putting these concepts into practice is a must. From rules, to regulations, to standards, business law incorporates it all. Part of running a successful business involves knowing every detail associated with the law. Along with that comes a social responsibility and ethical performance that is expected by society.…

    • 1126 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    The Australian Wheat Board (AWB) is now known as the biggest corporate corruption scandal in Australia’s history as it attempted to undercut agreements endorsed by the UN’s Oil-for-Food program by compensating the Saddam Hussein rule in Iraq through illicit payments, which infringed the programme’s intent. These bribes began while the AWB was still under government control; with illegal activity continuing after the organisation was privatised in 1999. Australia’s trade reputation was tarnished as a result of the publicised scandal on October 7, 2005. Presently, white-collar crime costs the Australian Government upwards of $8.5 billion per year; which accounts for around 40% of the total cost of crime in Australia businesses (Sanyal and Samanta…

    • 1099 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Sarbanes-Oxley Act

    • 833 Words
    • 4 Pages

    Organizations also have to focus on the corporate social responsibility to serve different stakeholders, for example, clients, employees, suppliers, groups, and ecological and human rights advocates, whose interests are attached to the organization's execution. A corporate social responsibility is a business practice that involve the organizations making decisions that concern society benefit. Companies should provide customers with safe and high quality products that are fairly priced and easy to use information system for shopping and tracking orders. Organizations become more nimble, relevant, and responsive to internal and external customers (Walker, 2008, sec.10).…

    • 833 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The changing values of consumer culture are having an effect on Corporate business models. Present consumer data in former president and Ceo of National Consumers League, Linda Golodner paper “Consuming with a Conscious” signifies the customer's preference for ethical businesses. Compiled data and surveys find consumer preferences are shaping corporate ethical standards and heavily influencing their business model to fit customer values; the financial gain of producing environmental friendly products is surely pushing corporation's to evaluate their core ideas, Although, corporations are changing for the good, they are collecting our personal data, promote child advertising, influencing human behaviour and marketing tactics to target the next consumer. even if the cost is intrusive in our personal space*…

    • 710 Words
    • 3 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
  • Improved Essays

    The ACCT 6120 course helps us learn how the company is governed. The lecture and tutorial introduce and recap a series of accounting, corporate law and auditing theories and practice with a specific case in each class to analyze how the theories apply, which could better help us understand the theories as well as thinking more critically. Before studying this subject, we all think as an accountant, the corporate governance is a little bit far away from us. However, through the content of each week, from the principle conflict to sub-committees and finally CSR, the core of the issue is the accounting information. The accounting information is the incentive to drive the management of company to take some actions, for example, earning management…

    • 939 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    As all industries have faced, addressing every ethical issue requires a lot of resources. In order to help address some ethical issues, the Code was created. Some of the issues that are addressed in the Code are Conflict of Interest, Corporate Opportunities, Confidentiality, and Reporting illegal or unethical behavior (Director’s Code,…

    • 1054 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Danielle Farinas Mr. Anderson English II honors / Period 5 1st October 2016 Integrity is Forever “Success Will Come and Go, But Integrity is Forever”- Amy Rees Anderson. In life, integrity is a substantial part of what makes each person unique. It is our quality of being honest and having strong moral principals.…

    • 764 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Thus, we often see articles about how companies covered up their soon-to-be scandals, how companies assured citizens but ended up hurting the environment (chemical companies and their wastes), and fraud among executives like the ENRON scandal. The ENRON scandal was a big event in American economy history, because such large energy company was doing illegal practices, from the executives to employees, no one said anything before it was revealed. There must be employees who knew about the executives’ action and were against it, but because of loyalty and they were afraid to be fired, what they could have done was limited, and this is just one example among many. In result, to prevent such big problems from happening, companies must guide their members in an ethically way. As Daryl Koehn, author of the article “Is Business Ethics an Oxymoron?”, wrote: “In more general terms, businesses must care about ethics because businesses are part of a human community.…

    • 1291 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    Apples’ Corporate Responsibility and Marketing Strategies Mouad Nouidei Strayer University Corporate Responsibility Some of the main levels in business for consumers are corporate social responsibilities and business ethics. A lot of businesses now a days come across different questions from patrons and stockholders regarding the company’s ethical and social responsibility (Munson, 2014). Business ethics can include anything from the way the company hires or how a company can make their claims in advertising (Munson, 2014). Businesses depend on their employees who represent the business in public and on their customers, to represent a trustworthy image that is joined together with the goals and objectives in the company (Munson, 2014).…

    • 1616 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Significance of ethics in managerial accounting is obvious: if managerial accountants don’t follow four ethical principles which include Honesty, Fairness, Objectivity, and Responsibility, the data provided by them to business owners and decision makes won’t be factual and objective. Disclosed information by an accountant might lead a business to serious problems and legal implications. Everyone within an organization is required to follow the four IMA’s overarching ethical principles and adhere to them. In the described situation that happened in Hi-Power Mower Company, the following stakeholders are affected by Marcus’s actions: Marcus Lum (the cost accountant for Hi-Power Mower Company), Marcus’s friend Ray Pon (the production manager for…

    • 767 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    iii. Factors influence Corporate Social Responsiveness In business world, managers have to deal with a range of unstable and ever-changing issues, as well as the same complex stakeholder groups that have different interests (McMahon, 1999). Davis and Blomstrom’s “Iron Law of Responsibility” mention that corporate social responsibility must commensurate with their social power (Salbu, 1993). Any avoidance of social responsibility will lead to the loss of power given by the society. Welcomer, Cochran, Rands, & Haggerty (2003) indicate that stakeholder power and corporate social responsiveness have positive relationship.…

    • 1119 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Firstly, business ethical is essential for a company, no matter the company works for no-profit that create social value or it works for profit that creates economic value. In the short term view company social responsibility might bring the negative effect on shareholders’ value. But in the long term view it will make more profit to all the stakeholders. And the relationship between social value and economic value should be balance even supplement each other. Secondly, a company must be Social responsible or Corporate Social responsible, not just stops at the level of about legal issues.…

    • 1369 Words
    • 6 Pages
    Improved Essays

Related Topics