Organisations are held to a higher standard when they use an ethical approach. Integrity is founded...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Organisations are held to a higher standard when they use an ethical approach. Integrity is founded on the idea of self-governance in line with a set of guiding principles, whereas compliance is centred on avoiding legal sanctions. When seen from an ethical standpoint, the role of ethics management is to articulate and establish a firm's core principles, foster an atmosphere that encourages sense of morality, and make everyone in the organisation feel responsible for upholding these values. Compliance to the law is seen as an integral part of running a successful business rather than a burden imposed by hostile authorities. With reference to this: 2.1 2.2 Evaluate the traits of a Comprehensive Integrity Strategy. Discuss and Ethics Management Strategies in an organisation. (25) (15) Organisations are held to a higher standard when they use an ethical approach. Integrity is founded on the idea of self-governance in line with a set of guiding principles, whereas compliance is centred on avoiding legal sanctions. When seen from an ethical standpoint, the role of ethics management is to articulate and establish a firm's core principles, foster an atmosphere that encourages sense of morality, and make everyone in the organisation feel responsible for upholding these values. Compliance to the law is seen as an integral part of running a successful business rather than a burden imposed by hostile authorities. With reference to this: 2.1 2.2 Evaluate the traits of a Comprehensive Integrity Strategy. Discuss and Ethics Management Strategies in an organisation. (25) (15)
Expert Answer:
Answer rating: 100% (QA)
a A Comprehensive Integrity Strategy should include the following traits Core principles An organisa... View the full answer
Related Book For
Business Ethics Ethical Decision Making and Cases
ISBN: 978-1305500846
11th Edition
Authors: O. C. Ferrell
Posted Date:
Students also viewed these accounting questions
-
Please help with the discusin questions ! I give thumbs up Case #1: Hailing a New Era: Haier in Japan As one of the most valuable brands in China, Haier designs,manufactures, and sells various home...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
This case was written by Professor Michele Greenwald, Visiting Professor of Marketing at HEC Paris, for use with Advertising and Promotion: An Integrated Marketing Communications Perspective 7th...
-
The formula for the optimum threshold in the receiver of Figure is, in general, given by Equation (4.37). Discuss, in graphical terms, how this optimum choice affects the contributions of the two...
-
The cylinder shown is supported by an incompressible liquid of density \(ho\), and is hinged along its length. The cylinder, of mass \(M\), length \(L\), and radius \(R\), is immersed in liquid to...
-
Using information from the preceding question, suppose Copies R Us sold the machine for $5,000. What is the result of this disposal transaction? a. Gain of $2,000 b. Loss of $2,000 C. Gain of $3,000...
-
Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $156,000 on sales of $2,010,000. Division B is only able to make $28,800 on sales of $329,000. Based on the profit margins...
-
a truck cost rs 1,05,000 with a residual value of rs. 1,00,000. it has an estimated useful life of 5 years. if the truck was bought on july 9, what would be the book value at the end of year 1?
-
Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Assets Current assets Crane Medical...
-
Debra King started her own consulting firm, King Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 17 20 23 26 29 Stockholders invested...
-
You are considering buying a car ( sticker price of $ 4 3 , 0 0 0 ) but need financing. The car dealership has offered you two loan options: Loan A requires a $ 1 , 7 5 0 downpayment with the...
-
White Company has two departments, Cutting and Finishing. The company uses job-order costing and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on...
-
Assess the impact of the Spanish-American War on America. Explain why the USA entered into this conflict and discuss whether or not it marked a major turning point in American foreign policy?
-
Consider the class A { public: virtual void isamA() { cout < < "base "; } }; a. Derive two classes from class base, and for each define isamA() to write out the name of the class. b. Declare objects...
-
Pina Company changed depreciation methods in 2025 from double-declining-balance to straight-line. Depreciation prior to 2025 under double-declining-balance was $82,400, whereas straight-line...
-
Provide preliminary analysis and design for the identified systems integration problem. This preliminary solution should contain a conceptual service-oriented architecture design, depicting different...
-
Beginning with a country that has a trade deficit, demonstrate graphically what will happen to a countrys potential output with globalization if that countrys costs of production fall. Explain your...
-
Describe how Jim takes a cultural relativism approach to the problem.
-
1. Assess how Walmart is managing ethics and social responsibility as one of the largest corporations in the world. 2. Evaluate various ethical issues Walmart has faced and how the company responded...
-
Which type of leadership power is Britney using? Do you feel it is effective in this situation?
-
Consider the regression model with a single regressor: \(Y_{i}=\beta_{0}+\beta_{1} X_{i}+u_{i}\). Suppose the least squares assumptions in Key Concept 4.3 are satisfied. a. Show that \(X_{i}\) is a...
-
In their study of the effectiveness of cardiac catheterization, McClellan, McNeil, and Newhouse (1994) used as an instrument the difference in distances to cardiac catheterization and regular...
-
In his study of the effect of incarceration on crime rates, suppose Levitt had used the number of lawyers per capita as an instrument. Would this instrument be relevant? Would it be exogenous? Would...
Study smarter with the SolutionInn App