By Chris Moon
A pragmatic advisor to why reliable enterprise is sweet enterprise.
This publication builds on a survey performed by means of London company university with Arthur Andersen and paintings performed via different agencies from each side of the Atlantic corresponding to the Centre for Tomorrow's corporation and the Institute for international Ethics. It studies the problems and attracts seriously at the reviews of a variety of businesses and enterprise managers to supply a pragmatic framework for companies to make sure that their ethics meet criteria that increase their popularity and function. it truly is in 4 components: 1. atmosphere the Scene 2. contributors and organizations three. the surface international four. ideas and laws
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Extra resources for Business Ethics: Facing Up To the Issues
Consistency between words and actions: that management “practises what it preaches”. This is more important than formal mechanisms such as hotlines for people to report wrongdoing. Fairness: that it operates fairly. To most employees, the most important ethical issue is how the organisation treats them and their co-workers. Openness: that people talk openly about ethics and values, and that ethics and values are integrated into business decisionmaking. Just rewards: that ethical behaviour is rewarded.
In 1997 it embarked on a massive effort to eliminate rules and policies and distil its voluminous policy book to a short codification of the company’s core values. After months of focus groups, consultation and drafts, the company ended up with just three words: integrity, innovation and commitment. 4 Communication vehicles The best ethics programme in the world is worth little if it is not communicated well, in various forms and frequently. In this respect, companies can learn from what others are doing.
Programme follow-through The organisation makes efforts to detect violators. The organisation follows up on reports of ethics or compliance concerns. There is consistency between ethics and compliance policies and actual organisational practices. Ethical culture Executive leadership attention to ethics. Supervisory leadership attention to ethics. Fair treatment of employees. Openness of discussion about ethics and values within the organisation. Ethics and values integrated into organisation decision-making.