Ethical business are said to consider the following four levels of ethics in the pursuit of being a good corporate citizen.
1. Societal factors such as nondiscrimination, gender equality, nonracial policies etc that delivers social
equity.
2. Stakeholder considerations: work towards healthy profits and value creation for the shareholders,
sustainability of the suppliers, and the delivery of safe and good products to the customer.
3. Internal Policies of the organization must treat the employees fairly and equitably. Proper
compensation, working conditions, work life balance, the way layoffs are handled, meritocracy etc.
4. Personal; as in, the way people treat each other within the organization. Mutual respect, fair
treatment, helping one another, and the like.
Is this fact or fiction?
Please comment, preferably with your experience.
Thank you.
Darshana Welikala
I think that sometimes ethics is something we compartmentalize... meaning i might as an individual be very 'ethics' conscious but if my company does something slightly un-ethical i might turn a blind eye as i feel it doesnt concern me.....
ReplyDeleteFiction. On the outside organisations would want look ethical, would want to show the world that they have the best practices. But how often organisations fail...
ReplyDeleteEx; Chevron - the oil and gas company had been accused for a variety of environmental and human rights violations. Chevron had been involved in human rights violation against a group of Nigerian protestors who campaigned against the company, the protestors were shot at by the Nigerian Army.
Philip Morris, Cigarette manufacturer, is known as an one of the most unethical organisations due to the marketing strategies they have adopted in the past. Also, the company has targeted children and exploited them, so much so that they hired/ employed underage girls to give away free Marlboro cigarettes to children at clubs and concerts. The sad thing is with this unethical marketing, the company had the audacity to issue a report in the Czech Republic stating that premature smokers deaths have a ‘positive effect’ because they save the government funds.
The above are just two examples of how unethical most organisations are internationally. However I do not think I need to mention the business tycoons who were taken to courts because of unethical business practices, here in Sri Lanka...
ETHICS? Do 'Ethics' really exist in organisations? FICTION.