Want this question answered?
Yes, companies that act ethically can draw loyal customers. The more customers you attract to your business the more likely you will generate substantial revenues.
Institutionalize may not be quite the right word. I would start by finding an appropriate code or codes of ethics that would work for the corporation in question. If there are no set codes of ethics, there certainly are guidelines around most aspects of business practice. I would include information on HIPAA. I would get working on policies and procedures that would work to support the chosen codes and guidelines. There should be provisions for excellent supervision for everyone at every level of the corporation; this doesn't have to be burdensome or time-consuming. Then I would begin a planned continuing education process for the entire corporation. This could be part of preparation for an accreditation cycle, or a stand-alone initiative. The education should be around all the ethical principles that are important at every corporate level, and the education should include the feedback loops and information flow necessary for an ethically based PQI/CQI system to work. Probably, PQI/CQI systems are the best fit within an organization for ethics-related activities. The reason I hesitate to use the word "institutionalize" is that ethics is NOT always a cut-and-dry analysis of a situation. If it were so, we could form "cookie-cutter" procedures that would always work. Ethics is about a way of thinking, and a way of understanding that sometimes differing legitimate claims can come into conflict and these conflicts are not easily and obviously resolved, even by groups of prudent, informed people. I think "incorporate" ethics is a better term.
Business ethics management means that you need to have some level of ethics when conducting and managing a business because without ethics, all managers would become horrible bosses and people in general.
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Ethics are very important for Project Managers (and, subsequently, in Project Management). A Project Manager with no ethics can lie about costs, schedules, etc... which will definitely lead to project failure. Additionally, a Project Manager with no ethics is not respected by the team members.
Refer this link : http://wiki.answers.com/Q/If_you_were_the_Chief_Executive_Officer_of_a_large_corporation_how_would_you_institutionalize_ethics_in_the_corporation
We have adopted a code of ethics that applies to our directors, officers, and employees, including the Chairman and Chief Executive Officer, the Executive Vice President and Chief Financial Officer, the Controller and Chief Accounting Officer and any other persons performing similar functions. The text of our code of ethics, "Winning With Integrity," has been posted on our website at http://investor.gm.com at "Investor Information - Corporate Governance." We will provide a copy of the code of ethics without charge upon request to the Corporate Secretary, General Motors Corporation, Mail Code 482-C38-B71, 300 Renaissance Center, P. O. Box 300, Detroit, MI 48265-3000.
This professional serves as a law-enforcement officer, with the authority to arrest employees who donot abide by the ethics code.
Having the license would certainly be an advantage in real estate, which is a business with a lot of gray areas of ethics.
Yes, companies that act ethically can draw loyal customers. The more customers you attract to your business the more likely you will generate substantial revenues.
http://www.sanmiguelbrewery.com.ph/csr01.html
Real Corporate value starts from what the management, employees and people surrounding a corporation do in both good or bad times of the corporation.
Institutionalize may not be quite the right word. I would start by finding an appropriate code or codes of ethics that would work for the corporation in question. If there are no set codes of ethics, there certainly are guidelines around most aspects of business practice. I would include information on HIPAA. I would get working on policies and procedures that would work to support the chosen codes and guidelines. There should be provisions for excellent supervision for everyone at every level of the corporation; this doesn't have to be burdensome or time-consuming. Then I would begin a planned continuing education process for the entire corporation. This could be part of preparation for an accreditation cycle, or a stand-alone initiative. The education should be around all the ethical principles that are important at every corporate level, and the education should include the feedback loops and information flow necessary for an ethically based PQI/CQI system to work. Probably, PQI/CQI systems are the best fit within an organization for ethics-related activities. The reason I hesitate to use the word "institutionalize" is that ethics is NOT always a cut-and-dry analysis of a situation. If it were so, we could form "cookie-cutter" procedures that would always work. Ethics is about a way of thinking, and a way of understanding that sometimes differing legitimate claims can come into conflict and these conflicts are not easily and obviously resolved, even by groups of prudent, informed people. I think "incorporate" ethics is a better term.
Business ethics refers to the moral principles and values that guide the behavior of individuals in a business environment, while corporate governance refers to the system and structure in place to oversee and direct the actions of a company's management in order to protect the interests of stakeholders. Essentially, business ethics focuses on individual behavior and decision-making, while corporate governance focuses on the overall management and oversight of a company.
the main difference between corporate governance and ethics is that the ethics are the philosophical and morally decent standards that a corporation attempts to stand by, while governance processes are the means by which a corporation attempts to remain as ethical as possible while still making a profit. The governance obligations and operations of a corporation vary depending on its type. For example, a sole-proprietorship--a business owned by a single person--has different financial necessities and legal obligations than a massive, publicly-traded corporation
i need the phone to lowes corporation ehics hotline for employees
I think they are an integrity based , ethics business. The employees, management, executive and non-=executive all have a very strong sense of moral and ethical behaviour. they are treated as heroes, and their stories get told.