Business Ethics Essay

918 words - 4 pages

Business Ethics/Social Responsibility/Environmental Sustainability
“Business ethics can be defined as principles of conduct within organizations that guide decision making and behavior. Good business ethics is a prerequisite for good strategic management” (David, 2011, p. 311). Business ethics are unique to every company. The rules and regulations established by the company explaining, who, what, when and how a company expects their employees, customers, and vendors to conduct themselves while employed or doing business with the company. An employer’s code of ethics has to be a living document due to ever changing times that we live in, as new technologies are developed or as ...view middle of the document...

S. Foreign Corrupt Practices Act (FCPA). Starbucks had many business standards that I liked, but only the top three are identified. Starbucks has an ethics and compliance helpline to address questions to reporting violations domestically and internationally. The wage and hour rules are defined for the employees to ensure there is not any misinterpretation between supervisors and employees. Lastly, Starbucks goes beyond the minimum business standards and expands their standards to support the Global Business Ethics Policy.
While many of the business standards for MCD and Starbucks were liked there were several that were not as popular. MCD standards do not apply to their owner/operators, suppliers or their employees; for owner/operators to function as a MCD representative they should be required to all business standards any MCD employee. MCD frowns upon employees doing business with family and friend deeming that it may present a conflict of interest and said business dealings must be disclosed. MCD does not like employees obtaining outside employment as this may conflict with MCD business. Starbucks business standards have a few standards that are not liked; honestly I found it very hard to find three business standards that I disliked. Starbucks refers to personal activities and the need to balance work and personal life separately and contradicts by stating the employee is always a representative of Starbucks. Starbucks states they do not train all the employees to be compliant with all the federal laws, such as lobbying anti-bribery are just two examples of these laws. Starbucks’ environmental mission statement should elaborate in more detail on how Starbucks’ will go ‘green’.
Upon comparing MCD and Starbucks’ Standards of Business Conduct it became quite apparent that Starbucks considers and defines the corporation’s responsibilities to their...

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