ethics in corporate america
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Ethics in Corporate America. Ethics in Corporate America is on the Decline . Marist College Institute for Public Opinion survey 76% of Americans believed Corporate America’s moral compass is pointed in the wrong direction. 58% of business leaders agreed. Ethical Standards that are Declining. - PowerPoint PPT PresentationTRANSCRIPT
Ethics in Corporate America
Ethics in Corporate America is on the Decline
Marist College Institute for Public Opinion survey
76% of Americans believed Corporate America’s moral compass is pointed in the wrong direction.
58% of business leaders agreed
Ethical Standards that are Declining
Overall honesty and ethical conduct are becoming scarce:
52% Americans 24% Business leaders
Lack of leadership in a time of crisis: 58% Americans 19% Business leaders
Ethical StandardsGreece vs. America
Used false information to get into the European Union
Misallocated funds from bail-out, now need more money
Manipulated the European Union’s system
Ford Motor Company Workplace
safety/human rights Small environmental
impact Acts in best interest of
the company Concerned with impact
of the rest of the world
The P.I.I.G.S
Insecurity of Greek Market
Deficit of GDP and Debt
Ford: A Family Tradition “There is a most intimate
connection between decency and good business.”
“I believe the distinction between a good company and a great company is this: a good company delivers excellent products and services; a great one delivers excellent products and services and strives to make the world a better place.”
Ethical dilemma: The Ford Pinto
Ford did a cost-benefit analysis and decided that the cost of fixing all Pintos on the road (about $11 each) would result in higher overall costs compared to paying damages to people injured or killed in car fires, which it estimated to be about $270,000 each
Built Ford Tough
Adopted a code guarantees that the directors act in the best interest of the company, and its customers.
Has a Model “U” concept car that is made completely of biomaterials
Maintaining Ethical Practices are Crucial to Effective Businesses
Higher employee retention ratePromotion from withinRepeat business due to a more skilled staffMicrosoft becoming more ethicalFacebook and Apple as unethical companies
Ethics from the Siren’s Eyes
Starbucks From the farm to the
store, ethical practices are maintained
Exhibits social responsibility
Exhibits environmental responsibility
Keeping Americans employed in a time of crisis
Ethical Companies are Thriving
Gap eBay Patagonia Microsoft Xerox Caterpillar
PepsiCo General Mills Waste Management T-Mobile USA UPS Target
Conclusion
There are many examples of decent ethical behavior in Corporate America
76% of Americans have a skewed perception of business’s moral compass