Response to Classmates Discussions

BUS 637 Week 5 - Discussion Forum 2

Guided Response: Respond to at least two of your fellow students’ or instructor posts in a substantive manner and provide information or concepts that they may not have considered. Each response should have a minimum of 100 words and be respectful of others’ opinions and beliefs that differ from your own. Support your position by using information from the week’s readings. You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum. Continue to monitor the discussion forum until Day 7 and respond with robust dialogue to anyone who replies to your initial post.

Solai Meyappan

WednesdayOct 21 at 6:04pm

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The proposed standards outlined in the article do have worldwide application. In order to compile the proposed standard, the world’s largest companies were examined (Paine et al., 2005). This signifies that the collected data was from a global pool, rather than one region. This means that various cultures, religions, and other environment-specific differences between countries were taken into account. Some of the core competencies summarized by the standard principles include honoring agreements, respecting human rights, and maintaining the community’s health and safety (Paine et al., 2005). These guidelines are universally important. Regardless of location, most people can agree that the standard principles have merit and are essential to doing business safely and with integrity. 

The eight outlined guiding principles are proficient when defining world-class ethics standards. These eight principles breakdown into numerous key concepts. In turn, providing a comprehensive description of what a world-class ethically run company entails. Another benefit of the eight guiding principles is its simplicity. These eight principles can be universally understood in a timely manner. While concise, the eights proposed codes are expansive enough to help guide a company into developing world-class ethics standards.  

The eight guiding principles have application in small and large organizational settings. There is definite value in implementing the eight guiding principles as a foundation in my organization. When an organization is still in the process of defining their codes of conduct, the eight guiding principles can have the most impact. When organizations are still defining standards, they are not set in their ways. As a company becomes more established, it can become difficult to break old habits. While the eight guiding principles can help redefine a company’s codes of conduct, it is easier if it is the company’s baseline to expand and tailor when setting expectations.

Linked is an article that defines additional ethical behaviors that are geared towards healthcare professionals:  https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3544144/ (Links to an external site.) 

Reference

Paine, L., Deshpandé, R., Margolis, J. D., & Bettcher, K. E. (2005).  Up to code: Does your company’s conduct meet world-class standards?  Harvard Business Review, 83(12), 122–133

Elyse Dinome

YesterdayOct 22 at 9:03am

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Guidelines are more of a loose recommendation that is given. They are looked at as what you should do, but if you go down your own path that is most likely okay as well and there really is not punishment for not following them. Rules are something that is more set in stone and can have consequences if not followed. On the other hand, rules are orders that call for punishment if not obeyed.  After reading the required article, it seems that the eight given can be applied worldwide and no matter the cultural differences most of them are applicable in every country.

Everyone wants to be treated with respect and loyalty, the importance of each of these principles just may be weighed different depending on where you go. I looked at a lot of these as social standards whether it be in business or not, these principles seem to follow some sort of unspoken worldwide standard. In my organization I think that I would use the eight principles as a guideline to the behavior expected out of my employees. I feel as though all eight can be accomplished in a larger organization, if it is a smaller business it may need to be scaled down a little bit to fit the nature of the environment since it can be a more personal/intimate experience.

Reference

Paine, L., Deshpandé, R., Margolis, J. D., & Bettcher, K. E. (2005).  Up to code: Does your company’s conduct meet world-class standards?  Harvard Business Review, 83(12), 122–133