20 Jul Ethics, Compliance, and Training Discussion: Read chapter four i
Ethics, Compliance, and Training Discussion: Read chapter four in the textbook and Ethics, reputation, and compliance gain as corporate priorities (Links to an external site.)Links to an external site.. In the article, Hagel (2015) statedThe demand for greater transparency from consumers and stakeholders across the world has pushed the areas of ethics and compliance up the corporate list of priorities in recent years. In addition, the risk to reputation and potential damage that can be done if evidence of unethical practice is discovered have increased significantly with the advent of social media. (para. 2)Based on the importance of transparency, your organization (you can represent any organization, McDonalds, Starbucks, ESPN, etc.) has asked you to create a training presentation on ethics and compliance to be presented next week. Referencing the Hagel article, the Gonzales-Padron textbook, and at least two other journal articles, present an outline for your training as a response to this thread. Create an outline describing the information that you would include in your training presentation. Must document all sources in APA style as outlined in the Ashford Writing Center.Your response must be a minimum of 300 words.Reply to Edwards Discussion with 150 word minimum: Companies need to create higher codes of ethics and compliances with stakeholders to make shareholders and customers feel at ease. “Financial return was a driver of ethical performance, perhaps because consumers are willing to pay more for products from companies they see as generating a positive social and environmental impact” (Hagel, 2015). Starbucks will be able to continue to sell their beverages and food items at a premium price without sending customers promotions if they have an open line of communication. Having a higher code of ethics and compliances will allow the company to generate more lines of revenue by creating new products and services.About 8 years ago, the company found itself in an unethical act by not being honest with consumers about the ingredients in their beverages. “A Los Angeles judge has ruled against Starbucks and other big-name coffee sellers in a lawsuit filed back in 2010 by a not-for-profit group alleging that the companies were required to warn consumers about carcinogenic chemicals in their products” (Higgins, 2018). This lawsuit could have been avoided if the company did not hide any warnings that their coffee can give.“Transformational leadership is built on trust, where unethical acts aren’t acceptable. Starbucks leadership possess transformation leadership style because of the belief in personal identification by influencing the inspirational level of leader and followers’ perceptions about the internalization of the organization” (Orta, von Feigenblatt, Lemus & Rivero, 2015, p. 34). Unlike upper management, lower level employees work directly with customers, which means they need to be a part of the decision-making process when new guidelines and polices are created.“Starbucks placed “people over profits,” shareholders were still an extremely important constituency group. The company’s ability to differentiate a commodity product through quality, image, and social responsibility allowed the company to profit” (Argenti, 2004, p. 103). Have an open line of communication with shareholders during meetings and email about new research that can benefit the company and threats as well.Argenti, P. A. (2004). Collaborating with Activists: How Starbucks works with NGOS. California Management Review, 47(1), 91-116.Hagel, J. (2015, Mar. 1). Ethics, reputation, and compliance gain as corporate priorities. Retrieved from https://www.journalofaccountancy.com/issues/2015/mar/business-ethics-and-compliance.html (Links to an external site.)Links to an external site.Higgins, T. (2018, Mar. 30). Starbucks, other California coffee companies may have to put cancer warnings on cups, packaging after lawsuit loss. Retrieved from https://magazine.promomarketing.com/article/starbucks-california-lawsuit-cancer/Orta, M., von Feigenblatt, O. F., Lemus, E., & Rivero, O. (2015). Starbucks Corporation: Leading innovation in the 21st Century. Journal of Alternative Perspectives in The Social Sciences, 7(1), 23-38.Reply to Jeffreys Discussion 150 word minimum: Volkswagon,Thank you for choosing me to create a training presentation on ethics and compliance. Hagel (2015) mentioned that safeguarding the reputation of a company can be a primary motivating factor when companies are looking to establish and embed ethical standards. However, there may actually be several factors involved in making ethical decisions such as: the reputational views of stakeholders, financial return, and regulatory or legal compliance.Gonzalez-Padron (2015) described that ethics and compliance primarily focuses on keeping organizations out of trouble. Unfortunately, Volkswagon knows all too well about ethical troubles with the recent emission scandal. According to Patra (2016), The Volkswagon Group (VW) confessed to manipulating emission tests in the United States in 2015. The company installed software into millions of diesel fueled vehicles that would give far better emission test results than what they actually have during normal operating conditions.Hagel (2015) mentioned that training staff and communicating ethics policies as being important steps to improving ethical behavior. Therefore, this training presentation should be very beneficial. Rogerson (2018) wrote that VW violated several principles which we will go over here to prevent any further scandals. Unethical software should not be developed, installed, or approved. The emission software was deceptive and caused damage to the environment and health due to nitrogen oxide (NOx) pollution. Software is typically developed as a team. Any team member should disclose information or notify authorities of any potential dangers resulting from unethical software being developed. Do not cover up fraudulent claims concerning software or related documents. Do not be deceptive. If you have knowledge of any such activity, please bring it forward. Identify and document any issues or concerns regarding false claims or software. Ignorance cannot and will not be a valid form of defense. Obey all laws even if they affect the prosperity of VW. Avoid making deceptive, misleading, or false claims. Report significant violations to appropriate authorities.References:Gonzalez-Padron, T. (2015). Business ethics and social responsibility for managers [Electronic version]. Retrieved from https://content.ashford.edu/Hagel, J. (2015, March 1). Ethics, reputation, and compliance gain as corporate priorities Journal of Accountancy. Retrieved from http://www.journalofaccountancy.com/issues/2015/mar/business-ethics-and-compliance.htmlPatra, B. P. (2016, March). The Deliberate Deception: Case Study on Volkswagen Emission Scandal. Vilakshan: The XIMB Journal of Management, 13(1), 139-148.Rogerson, S. (2018, March). Ethics Omission Increases Gases Emission. Communications of the ACM, 61(3), 30-32.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.