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Before beginning this exercise, please review Starbucks’ Standards of Business Conduct found in your textbook to refamiliarize yourself with this concept. After you have reviewed this material, identify a business firm or company that would also have a Standards of Business Conduct. Sometimes it is also referred to as Code of Conduct or Code of Ethics. It is perfectly fine if your selected company takes a different approach than Starbucks.
Instructions
In 150 words (minimum), respond to the prompts, below. Use your selected business firm or company to answer those that apply.
State the name of the company you’ve selected and the industry in which that company competes.
Provide a definition for a Standards of Business Conduct and why it should be important to any company’s success.
State one key concept related to the treatment of their employees and state one key concept related to the treatment of suppliers/vendors that you found in your company’s Standards of Business Conduct?
What was the most surprising concept/item that you discovered outside of employee treatment? Explain why it surprises you.
Use Grammarly to check your work for correct spelling, grammar, and punctuation
Attach the correct Microsoft Word document on your computer by clicking Open
This week, we’ll focus on business ethics. Business ethics is most often associated with the standards of conduct and moral values that businesspeople should use to inform their actions in the marketplace. Businesspeople should consider taking a wide spectrum of social issues into account when making policy and choices. Social responsibility refers to formal leadership’s commitment to place significant focus on profit, consumer satisfaction, and societal well-being when measuring the company’s performance.
Chapter Link:https://brytewave.redshelf.com/app/ecom/shelf
Web Link:https://fod-infobase-com.ezproxy.bellevue.edu/p_ViewVideo.aspx?xtid=203189
Library Link:https://libguides.bellevue.edu/introductiontobusiness
Sarbanes-Oxley Act of 2002
Federal legislation designed to deter and punish corporate and accounting fraud and corruption, and to protect the interests of workers and shareholders through enhanced financial disclosures, criminal penalties on CEOs and CFOs that defraud investors, and more. Requires top corporate executives to attest to the validity of the company’s financial statements.
Conflict of Interest
Situation in which an employee must choose between a business’s welfare and personal gain.
Triple Bottom Line
Strategic business approach used by companies to evaluate performance by placing equal value on financial, social, and environmental factors.
Social Audits
Formal procedures that identify and evaluate all company activities that relate to social issues, such as conservation, employment practices, environmental protection, and philanthropy.
Product Liability
The responsibility of manufacturers for injuries and damages caused by their products.
Integrity
Adhering to deeply felt ethical principles in business situations.
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