Creating a Code of Ethics One of you went to high school with Marcella Rhoades.
ID: 345148 • Letter: C
Question
Creating a Code of Ethics
One of you went to high school with Marcella Rhoades. Rhoades and a few friends have created a dot.com to rival Amazon in the world of software sales. They have invented a new software platform that increases computer speed by up to 50 percent. Rhoades, Inc. went from sales of $500/year to $50 million/year in two years. They are doing business in Malaysia, Spain, Mexico, and Romania, as well as the US.
Unfortunately, Rhoads and the four other co-owners, have not had time to formally organize the company, beyond making themselves officers and board members, as required in the incorporation papers of the state of Washington. They have 25 full-time employees, and expect to have over 200 employees on two continents by July, 2015. They currently have a sales division (two of the owners and 15 full-time staff) and production (two of the owners, 5 full-time staff, and 50 part-time staff). R&D is the chief responsibility of Rhoades, with all other owners. They have supervisors among the full-time staff, but no other management hierarchy. Marcella has contacted you, knowing you’re not only very bright, but know business ethics. They hire an external accounting firm, who dedicates five staff solely to Rhoades, to keep the finances in order.
Include the following, remembering that you will have to explain everything. They are computer geniuses who know nothing about the world of business ethics:
How should the company be organized? Suggest committees, employees, etc.
What should they know about ethical decision making and problem solving? Should the company have a policy? A procedure? Explain stakeholders, Markkula, or any other components of business ethics, as necessary.
What training should new employees receive regarding ethics?
What laws do they need to understand?
What about whistleblowing?
What about oversees bribes?
What else will you tell them? (use the chapter titles from your book to guide you) (textbook used: Business Ethics 11th Edition)
You may borrow from existing codes of ethics from other companies, as long as you give credit.
Explanation / Answer
The study of ethics in Business management can be approached from many different directions. Perhaps the most practical approach is to view ethics as catalyzing managers to take socially responsible actions.Business ethics concerns itself with adhering to the social principles of the situations in which business takes place.
1. There are many ways we can organized our own company such as:
*Firstly we have to defined our business goal and plan.
*Then keep ourself and employees as in motivated ways.
*Plan according to business organization need.
*Organized our office items.
*Adhere to our commitments.
*Keep in touch with clients and prospects.
*Use of computer for our accounting,inventry,delivery and letter writing for company its save time and money.
2. Thy dont no about decision making and problem solving for that they need as
*To defined the problem then understand the problem and understand them closely.
*Look at potential cause for problem and alternative to solve the problems.
*Plan the implimentation of the best alternative and monitering the implimentation plan.
*And finally verified that the problem has been solved or not.
In business stakeholder is usally an invester in our company whose action outcome of our business decision.Stakeholders don't have to be equity shareholders. They can also be our employees, who have a stake in our company's success and incentive for our products to succeed.
3. Regarding training all employee by defining workplace ethic as:
*Standards of acceptable behavior.
*Knowing what is right and wrong.
*Making honest and upstanding choice.
*Good for business.
*A strong public image.
*Maintain quality and productivity.
*Good and Proper relationship.
*Boost moral and promotes teamworks.
4. There are different law need to undertand them:
- Vicarious liability.
- Overtimes Rules.
- Patents,Copyrights and Trademarks.
- Intellectual Property law.
- Consumer protection law.
- Employments and different contaract Laws.
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