Business Codes of Ethics: Much Ado About Nothing, or the Real Deal “Starbucks Co

Question

Business Codes of Ethics: Much Ado About Nothing, or the Real Deal

“Starbucks Code of Behavior” discusses the approaches and provisions the company has utilized in its attempt to establish a credible ethical environment, and the “Strategic Leadership of Ethical Behavior in Business” article takes the position that ethical behavior involves a business strategy, and must be elevated to the upper echelons of business strategic planning.  There seems to be a divergence of opinion on the value or lack thereof of a business code of ethics.  Some have argued that business codes of ethics have little value or utility and are merely for public show and consumption.  According to these proponents, corporations merely pay lip service to their codes of ethics.  On the other hand, it has been argued that business codes of ethics are an essential and vital part of the ethical fabric of corporations.

Using the aforementioned articles as a starting point, what is your perspective on the value or lack thereof of a business code of ethics? Do you think such a code is merely for public show and consumption? Do you think a corporation simply pays lip service to its code of ethics?   Why do you feel this way?

Explanation / Answer

According to me , ethics are not only for public show infact it forms an important part of one's personal and professional life because of following reasons:

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