Business Ethics and Policy | Part 1 | Development of an Ethics Policy

Business Ethics and Policy

SUMMARY

As matter or perception and principle, ethics are an important precursor to making informed and principled business decisions, taking into account not just the functional aspects of business, but also the subjective and spiritual values that should be part of every decision that are made in a business environment. Ethics takes a sterile business principle and adds the coloring of how humanity or individuals should weigh the importance and value of how their decisions impact one another. Infusing ethics into the process and understanding what is right and what is wrong informs parties of the elements at play which can lead to making better decisions with consideration to business needs and obligations. Not including ethics in the business decision-making process increases the possibility of negatively impacting the important asset of any business— its human capital. You will develop an ethics policy based on industry standards and then select a case to analyze by critiquing the company’s response, identifying the ethical issues, and discussing how your created policy would impact the company’s future response to ethical issues.

Instructions  Part 1 

  1. Select two companies and research their respective ethics policy.
    • Based on your research, develop an ethics policy, that could be applicable to any business
  2. Summarize your research and the policy that you created by addressing the following prompts:
    • Compare and contrast the selected companies’ ethics policies.
    • Explain which elements in the policies that you researched informed the policy that you created. Why were these elements important?
    • Explain how your ethics policy will influence the internal business decision-making processes, employee relationships, and customer relationships.
  3. Submit your assignment before the deadline.

Resources

  • U.S. Security and Exchange Commission: Enron Corp. (opens in new window) – Scroll down to the very bottom of the page and click on link: SEC Complaint in this matter
  • The Failure of Lehman Brothers: Causes, Preventive Measures and Recommendations (opens in new window)

REQUIREMENTS

  • Citation Requirements: minimum of 2
  • Word Count: 750-900
  • APA Formatting
    • Title Page
    • Reference Page

  • Submit Informed Consent Form

Submission status / Rubrics

Grading criteriaEthics Policies Comparison (see rubric in Syllabus for evaluation guidelines) Beginning (0-10); Developing (11); Accomplished (12-13); Exemplary (14-15) Comprehensively analyzes the similarities and differences of the selected ethical policies. Maximum score 15 Ethics Policy Elements (see rubric in Syllabus for evaluation guidelines) Beginning (0-10); Developing (11); Accomplished (12-13); Exemplary (14-15) Comprehensively describes the ethics policy elements. Maximum score 15 Ethics Policy Provision (see rubric in Syllabus for evaluation guidelines) Beginning (0-13); Developing (14-15); Accomplished (16-17); Exemplary (18-20) Skillfully drafts a typical company provision that comprehensively addresses the ethical elements identified from the research. Maximum score 20 Ethics Policy Principles (see rubric in Syllabus for evaluation guidelines) Beginning (0-13); Developing (14-15); Accomplished (16-17); Exemplary (18-20) Comprehensively explains how the created ethics policy will affect the decision-making process, employee relationship, and customer relationship. Maximum score 20 Explanation of Issues (see rubric in Syllabus for evaluation guidelines) Beginning (0-10); Developing (11); Accomplished (12-13); Exemplary (14-15) Issue / problem to be considered critically is stated, described, and clarified so that understanding is not seriously impeded by omissions. Maximum score 15 Control of Syntax, Mechanics, and APA Format (see rubric in Syllabus for evaluation guidelines) Beginning (0-10); Developing (11); Accomplished (12-13); Exemplary (14-15) Uses collegiate-level language that communicates meaning to readers with clarity and fluency, and is virtually error-free. Rarely makes errors in grammar, spelling, and other aspects of writing and referencing. Consistently applies APA formatting when necessary. Maximum score 15
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