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 co
Their business success is dependent on trusting relationships which I attest because logically speaking, if the people do not trust them, people would not buy their products and demand for their service anymore. 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. And lastly, the company respects everybody whether in or out of their business and they are open to all suggestions and value their feedback. The ideas which probably helped them to build a good name in the business are the following: (1) there is no substitute for personal and professional integrity; (2) doing well and doing good can go hand in hand; and (3) trust and respect have always been the cornerstones of their success. And I would also like to commend their beyond compare service with dignity to our society. I would want to praise Hewlett-Packard for having been consistent in doing their business not only for profit but also for the benefit of the society and humanity. 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. " (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. According to them, they have dedication to their principles of: honesty, excellence, responsibility, compassion, citizenship, fairness, and respect. This paper aims to give some views on how Hewlett-Packard, an international company which provides mostly computer technologies worldwide, imposes their generally-established business ethics which means to say that it is enforced to their branches all over the world. 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"tms talents for the common good. And lastly, the third idea shows to us that they work as one big group and also, trust and respect to their stakeholders could be the reason why they successfully earned people"tms loyalty. Hewlett-Packard has business ethics which is driven and guided by enduring values that reflect fundamental ideas about who they really are and those values leave a unique mark which make them stand out to other competitors.