Business Ethics
What is business ethics? According to International Business Ethics Institute, understanding business ethics can be problematic in the sense that, this field is vast, often encompassing many concerns such as corporate governance, social responsibility, reputation management, accurate accounting and audits, fair labor practices and environmental stewardship to name a few. Moreover, it generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders like clients, employees, shareholders, suppliers and the community. To simply define business ethics, it is a form of applied ethics where it inculcates a sense within a company's employees on how to conduct business responsibly. Business ethics seems easy to understand but when you get to the real one, you could find yourself in a confusing situation. Since the term ethics can pose many definitions in a broad context and it can be difficult to find a common understanding of the term, hence, most companies refer the concept of the term ethics as integrity, business practices or responsible business conduct. After you have known the basic definition of business ethics, you would now begin to know the business ethics of a chosen comp
" (This statement can be found in their website) With this statement, we can therefore say that the core of their business ethics is integrity because they keep on giving emphasis to this term. Next is compassion, here we talk of relationship whether internal or external for as long as it is affected by the business. By the aforementioned statements and objectively speaking, I believe that those are true to them because in the very first place, I do not think that they would get the 6th spot in the Annual Best Corporate Citizen Awards if their business ethics is not enforced well. "We are committed to uncompromising integrity. With all the things I mentioned with regards to the business ethics of the company, I would like to recommend to them to just continue what they are consistently doing with regards to their business ethics because they can serve as a role model to other companies and eventually influence others. They say that they strive to become a company that is managed by inspiration, not by fear; by sharing the information, not by guarding it; by empowering people to make individual decisions; and by unleashing people's talents for the common good. According to my research, the open doors to their offices reflect the ethical, transparent business practices at every level of the company. According to them, they have dedication to their principles of: honesty, excellence, responsibility, compassion, citizenship, fairness, and respect. Fairness really counts, according to their principles because they treat their fellow stakeholders and business partners without bias and through loyalty to all applicable laws, regulations, and policies made to attain high standard of behavior. However, profitable operations are not only their concern because time and again, at Hewlett-Packard, they seek uncompromising integrity to their customers, co-workers, company, and the communities around them. Second is excellence; because of their drive for excellence not only in their products but as well as in providing unparalleled service, customers always patronize whatever product they release probably because they always produce high-quality products and for added information, they used to be the pioneer in computer technologies. Let me have my viewpoint on their ideas that reflect who they are. Perhaps, their business ethics could be the reason why they were able to establish a reputable name in the market and eventually succeed especially in the field of technology. Next is responsibility; they held themselves responsible for their words and actions which means to say that they are true to their words and actions. And lastly, the company respects everybody whether in or out of their business and they are open to all suggestions and value their feedback.
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