Showing posts with the label value systems

8 Standards of International Corporate Ethics

Ethics goes a long way in building trust in an international business system. As information spreads faster along quickening fiber optic cables the world will continue to integrate in terms of interrelated laws, regulations, cultures, and business standards. Having an international standard of ethics is important in ensuring that companies are encouraging  better business environment.    When companies move into international locations they will need to understand and respect the cultures of those nations. There is a difference between respecting local culture and becoming involved in unethical practices. When few options are left, organizations can seek to remove themselves from such countries. Each company will decide what they stand for. Today’s world needs a new way of looking at business and how that business interacts with other countries. Developing strong international ethical systems means that both companies and countries come to an understanding of what a “good

American Principles as a Catalyst for International Investment

America was founded on a mere idea of opportunity that enticed thousands of people across the soapy seas to nail down new entrepreneurial stakes in the fragile colonies . Blacksmiths , carpenters and farmers spread out to start new business es to feed their needy families . Even in a global economy the entrepreneurial spirit embedded within our American values has market appeal that can be converted to investment value . Life , liberty and pursuit of happiness are based on trust . People believe that when they put a dollar in the bank it will be there a few days later , they are charged the price posted for products , hard work still results in increases in wealth , and education opens new doors . Trust glues societal fabric between people , employees-employer, investor-executive, citizen-government, and civilian-law enforcement . When the fundamentals of trust break down so does the economy . The

Rules or Values in Ethical Development

Developing ethics within organizations is not an easy task. Many companies offer some rudimentary ethics classes in orientation with little to no follow up. As can be expected, these ethical values only last for so long before they are tested and compared against actual working conditions. To develop higher levels of ethical standards among employees it is necessary to ensure that they find a match between their own personal values and the ethical standards. It is not easy to have employees internalize certain values and maintain ethical standards when other options are available. Connecting employees to their personal value systems and infusing ethical standards into the organization's culture can go a longer way in creating lasting beliefs. Internalized ethical standards rely on employee values, organizational values, and standards coming together with compatibility. Identity based ethical decision-making combined with rule-making ethical decision-making has a longer posi

Developing Deeper Morality in Graduates of Institutions

Ethical considerations are important for maintaining business trust and stakeholder interest. Research by Dufresne & Offstein (2012) delves into the building of character at West Point and makes compelling arguments why many of the values can fit within colleges and business. The study delves into the nature of ethics and how it is seeded into more fundamental character development. Developing these morality systems can service graduates beyond the halls of their education and into the real world. Major lapses in ethics have caused a decline in trust both on a societal level as well as within business and among investors. These lapses come from fundamental foundations of values and competing choices. Those who do not have strong foundations and ethical conscience often fail when personal and social pressures rise. Each organization has its own core values that are unique to that institution. For example, at West Point a cadet following the code won’t lie, cheat, steal, or