...Assignment 2: Ethical and Socially Responsive Business Strayer University Business 100 Professor Michael Simms Ethical and Socially Responsive Business Although all areas of the Cheesecake Factory’s code of ethical conduct is important for the success of the company, there are a few key areas of the company’s code of ethical conduct that are of significant importance for The Cheesecake Factory. The first occurs in Article IV, in the “Conflicts of Interest,” section that pertains to transactions and investments. This specifically states that an officer or a director,” Should avoid participating in any transaction or investment that conflicts with, or gives the appearance of a conflict with, the interest of the company. This is key in maintaining ethics because a person who is in a leadership / management position must be loyal to only one organization, otherwise, all decisions that are made are suspect as to the integrity of the choice, especially concerning money matters. A second key area of The Cheesecake Factory’s code of ethical conduct that is of significant importance is in Article V, in the “Compliance with Company Policies and Procedures,” section that pertains to confidential information. It is essential for the success of any company, especially one as vast as The Cheesecake Factory, that the confidentiality of information, especially for third parties, be maintained. This leads to another key areas that is also in Article V of the company’s code of ethical conduct...
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...Ethical and Socially Responsive Business Debbre` Paige Strayer University Intro to Business Professor: Gwendolyn Wiggins September 5, 2014 Abstract Ethical and Social Responsive Business behavior sets the foreground for business practices. Having good business ethics is the beginning to having a successful business. Being socially responsive lets your patrons know, your business is family and community oriented, and can start a long good relationship with the community. Ethical and Socially Responsive Behavior I am going to discuss Chipotle’s business practices relating to their code of behaviors that is set in place for the employees to adhere by. I am also going to discuss ways businesses can become more socially responsive in the community, where they are located in. Key Areas of Chipotle’s Code of Conduct 1. Compliance with the Code defines the expectations of the employees on how they are to conduct themselves within the business environment. It outlines how they are to comply with the rules and the ramifications of not complying with them. This is a vital part of company policy. It lets the employees know what is expected of them. 2. Ethics and conflicts of interest rules were put in place based on the company’s main value; which is honesty. The policy sets forth the actions that need to be taken to, so you are not in violation of these codes. The policy was put in place to help their employees do the right thing, with regards...
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...Ethical and Socially Responsive Business Derrick Smalls BUS 100 – Introduction to Business Strayer University Prof. Sherene A. S. Magrath, MBA Ethical and Socially Responsive Business Introduction Staff this is your CEO here and I am putting out this reminder to the entire staff of Chipotle including Officers and Members of the Board of Directors about the utmost importance of the adherence to the Code of Conduct. I am advising you that it is very important for each of you to review the Code of Conduct if you have not already done so at your earliest convenience. There are key areas of the Code of Conduct that you all will need to pay close attention to. I advise that each of you get a good understanding of these key areas for they can impact our business significantly. Also please pay attention to the issues and consequences that could happen if one of the key codes is violated. “Chipotle’s Ethics and Conflicts of Interest Policy, Protection and Use of Company Assets, and Chipotle’s Confidential Information” (Chipotle Mexican Grill, Inc.) are the key areas that you will need to pay close attention to. Describe key areas of the selected company's code of conduct that are of significant importance to the business, and explain why. Integrity Statement “Chipotle is a company based on integrity. Integrity is about being real and being honest. It means doing the right thing even when no one is watching. These values permeate the way we do, and do not do, business”...
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...Assignment 3: Ethical and Socially Responsive Business Marco Bryant Strayer University BUS 100 Prof. Andrea Banto November 10, 2013 Assignment 3: Ethical and Socially Responsive Business Chipotle Provide the Company description from Assignment 1. Because of the human aspect of ethics and its links to business success, corporate leaders must be careful about their behaviors, and how they address problems. For this assignment, you must select the code of ethical conduct for one (1) of the following restaurants: Cheesecake Factory, Ruby Tuesday, Chipotle. As a basis for your written assignment, you will assume that you are the CEO of your chosen restaurant. Write a three to four (3-4) page paper . 1. Describe key areas of the selected company’s code of conduct that are of significant importance to the business, and explain why. State all the areas covered by the code of ethics. Describe each element in detail and explain why they are important to business. Discuss each area/ element in a specific paragraph. 2. Explain the key steps that the company should take to ensure that employees follow the code of conduct. Clearly state the steps the company should take to ensure that the employees follow the code of conduct. Discuss each step in detail. 3. Suggest three (3) ways in which the restaurant can engage in socially responsive activities in the community within which it operates. Specify three ways in which the restaurant...
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...Ethical and Socially Responsive Business Iiesha Mosby Professor David Kimble, PMP Business/100 December 9, 2013 “Ethics and social responsibility often discussed in the same breath are closely related but they are definitely not the same. Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Social responsibility is the obligation of a business to contribute to society. The most socially responsible firms feature proactive policies that focus on meeting the needs of all their stakeholders not just investors but also employees, customers, the broader community, and the environment” (Kelly, 6th edition 2014). “The most basic ethical and social responsibility concerns have been codified as laws and regulations that encourage businesses to conform to society’s standards, values, and attitudes. Managers are expected to obey these laws and regulations. A lot of times the legal issues that come about are those that society thought to be unethical and irresponsible but these aren’t always illegal these ethical concerns change over time” (McGraw-Hill, 2000). Describe key areas of the selected company’s code of conduct that are of significant importance to the business, and explain why. Chipotle is a company that is based on integrity. Integrity is about being real and being honest, which in turn means do the right thing even when no one is looking. This company adheres to high ethical standards...
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...Ethical and Socially Responsive Business BUS100 Ethical and Socially Responsive Business “Ethics and social responsibility often discussed in the same breath are closely related but they are definitely not the same. Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Social responsibility is the obligation of a business to contribute to society. The most socially responsible firms feature proactive policies that focus on meeting the needs of all their stakeholders not just investors but also employees, customers, the broader community, and the environment” (Kelly, 6th edition 2014). “The most basic ethical and social responsibility concerns have been codified as laws and regulations that encourage businesses to conform to society’s standards, values, and attitudes. Managers are expected to obey these laws and regulations. A lot of times the legal issues that come about are those that society thought to be unethical and irresponsible but these aren’t always illegal these ethical concerns change over time” (McGraw-Hill, 2000). Chipotle is a company that is based on integrity. Integrity is about being real and being honest, which in turn means do the right thing even when no one is looking. This company adheres to high ethical standards and good judgment. This is one key importance because you want to be sure that you can trust a company and its loyalty to customers. Loyalty will...
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...significant importance to the business. Next, I will explain the key steps that Chipotle should take to ensure that employees follow the code of conduct. Finally, I will suggest three ways in which Chipotle can engage in socially responsive activities in the community within which it operates. Keywords: code of conduct, business, community Describe key areas of the selected company's code of conduct that are of significant importance to the business, and explain why. Within every company, CEOs take on numerous responsibilities to ensure that their business or company is successful. According to Stever Robbins, “The CEO’s second duty is building culture” (Robbins, 1999). Since many companies embrace diversity, CEOs must ensure that all employees follow and understand the company’s code of conduct which in turn becomes part of the company’s culture. Ethics, values, integrity are usually presented within these codes of conduct. Each section of a company’s code of conduct policy addresses all rules and any issues that an employee may have. As the CEO of Chipotle Mexican Grill, I take pride in our company’s code of conduct. At Chipotle, our seniors and employees strive to be compliant with our code of conduct policy. There are key areas of Chipotle’s code of conduct that are of significant importance to this business. These areas include professionalism, Chipotle’s Ethics and Conflicts of Interest Policy, ethical communications, outside business activities/investments, electronic...
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...Williams Professor Jocelyn Williams Bus 100 Saturday, June 14, 2014 2 The cheesecake Factory has an established code of ethics that is used to maintain the balance between the human aspect of ethics and the business success for Cheesecake Factory. Although there are many areas of the Cheesecake Factory’s code of ethical conduct is important, there are a few key areas of the code of ethical conduct that are of significant to The Cheesecake Factory. The first in Article IV, “Conflicts of Interest”. This says that an officer or a director,” Should avoid participating in any transaction or investment that conflicts with, or appears to conflict with, the interest of the company. This is an ethical key because a person who is in a position of leadership or management must be loyal to the organization, otherwise, all decisions that could be made are suspect as to the integrity of the choice, especially concerning money matters. A second key area of The Cheesecake Factory’s code of ethics Article V, in the “Compliance with Company Policies and Procedures,” section that pertains to confidential information. It is important for the success of any company that the confidentiality of information be maintained. This leads to another key in Article V of the code of ethical conduct. It deals with insider trading. It prohibits insider trading. It states that, “An officer or director shall observe the Company’s policy prohibiting trading on the basis of material, non-public information...
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...The cheesecake Factory has an established code of ethical conduct that is an essential factor in maintaining a proper balance in the human aspect of ethics and the link to the business success for The Cheesecake Factory. Corporate leaders need to be careful about their behaviors, how they address others and how they make important decisions. Although all areas of the Cheesecake Factory’s code of ethical conduct is important for the success of the company, there are a few key areas of the company’s code of ethical conduct that are of significant importance for The Cheesecake Factory. The first occurs in Article IV, in the “Conflicts of Interest,” section that pertains to transactions and investments. This specifically states that an officer or a director,” Should avoid participating in any transaction or investment that conflicts with, or gives the appearance of a conflict with, the interest of the company.”(http://investors...) This is key in maintaining ethics because a person who is in a leadership / management position must be loyal to only one organization, otherwise, all decisions that are made are suspect as to the integrity of the choice, especially concerning money matters. A second key area of The Cheesecake Factory’s code of ethical conduct that is of significant importance is in Article V, in the “Compliance with Company Policies and Procedures,” section that pertains to confidential information. It is essential for the success of any company, especially one as...
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...The Cheesecake Factory The cheesecake Factory has an established code of ethical conduct that is needed to factor in maintaining a balance in the human aspect of ethics and the link to the business success for The Cheesecake Factory. Leaders in the upper management need to be careful about their actions, and how they address other employees and how they make important decisions to help the company. Even though the areas of the Cheesecake Factory’s code of ethical conduct is important for the success of the company, there are a few specific areas of the company’s code of ethical conduct that are of substantial importance for The Cheesecake Factory. The first key area is in Article IV, in the “Conflicts of Interest,” section that talks about transactions and investments. This directly states that an officer or a director,” Should avoid participating in any transaction or investment that conflicts with, or gives the appearance of a conflict with, the interest of the company. It’s important in maintaining ethics because a person who is in a management position must be devoted to one company. All decisions that are made are suspect to the integrity of the , company especially when it comes to the financial decisions. Another key area of The Cheesecake Factory’s code of ethical conduct that is of significant importance is in Article V, in the “Compliance with Company Policies and Procedures,” section that talks about confidential information. It is important for the success of...
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...COURSE DESCRIPTION Provides a foundation in business operations through a survey of major business functions (management, production, marketing, finance and accounting, human resource management, and various support functions). Offers an overview of business organizations and the business environment, strategic planning, international business, and quality assurance. INSTRUCTIONAL MATERIALS Required Resources Kelly, M., McGowen, J., & Williams, C. (2014). BUSN (6th ed.). Mason, OH: South-Western Cengage Learning. (Note: This is a textbook uniquely created for Strayer and can only be purchased via Strayer’s Virtual Bookstore, available through iCampus. The chapters within this custom textbook are the same as those from the national title, only rearranged in a different order.) Note: There are slides, audio chapter summaries, flashcards, workplace videos, and games located in the course shell to be used as additional resources to assist you in understanding the course material. Supplemental Resources Asare, S. K., & Wright, A. M. (2012). Investors’, auditors’, and lenders’ understanding of the message conveyed by the standard audit report on financial statements. Accounting Horizon, 26(2), 193-217. Aytaç, G., & Turan, O. Z. (2012). Issues of business ethics in domestic and international businesses: A critical study. International Journal of Business Administration, 3(5), 82-88. Bulu, I., Radojicic, M., & Nesic, Z. (2012). Some considerations...
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...Ethical and Socially Responsive Business Activities Ethical and Socially Responsive Business Morisha Mack Business- 100 Professor Lizzie M. Lewis-Clemons September 2, 2013 Code of Conduct There are many high standards and principles that a business must set in order to be and remain successful. Many companies outline their expectations in a code of conduct. A code of conduct is a document written by a company that defines the ethical standards of the organization and gives employees information on how to handle situations within the organization. It is not only important that a business writes a code of conduct, but it is imperative that the principles are carried out by everyone within the business from the CEO to the employees. “While the primary goal of all businesses is to be profitable, they must also promote ethical and social responsibility throughout their organizations and their corresponding customer and supplier networks.”(Kelly, McGowen &Williams).(2013) Chipotle Mexican Grills’ Code of Conduct Chipotle has a code of conduct that assures its ongoing success. Some of the key components are its Vision Statement and its Anti-Discrimination and Harassment Policies. An organizations’ vision statement expresses its values as well as frameworks operating procedures. Chipotles code of conduct begins with its vision statement and is based primarily on Integrity. “Chipotle is a company based on Integrity. Integrity is about...
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...Assignment 2: Ethical and Socially Responsive Business John M. Jones Professor Mark Malone BUS100058VA016-2411-016: Intro to Business February 24, 2013 Abstract The Code of Ethics and the Code of Business Conduct for the Cheescake Factory. “Oscar and Evelyn Overton realized their dream - to own a successful business. Evelyn created her Original Cheesecake recipe that everyone loved. By the late 1940's, she opened a small shop in Detroit. In 1972, Evelyn and Oscar, now in their early 50's, decided to move their cheesecake business to Los Angeles. 1975 marked the beginning of the most creative and productive period of their business endeavors. With their new and improved bakery, Evelyn created over 20 varieties of her delicious cheesecakes and other fantastic desserts. The restaurant was an immediate success! Just over 30 years later with close to 170 locations, the success of The Cheesecake Factory has even surpassed the Overton’s wildest dreams making The Cheesecake Factory a great American success story.” http://www.thecheesecakefactory.com/aboutUs. All organizations and businesses have a standard by which they hold their employees too. A code of ethics and in the business world there is the “Code of Business Conduct.” The Cheescake Factory has both. There is the Code of Ethics for Executive Officers, Senior Financial Officers and Directors. The Cheescake factory also has a Code of Business Conduct. A Code of Business Conduct serves as a guide for the actions...
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...Ethical and Socially Responsive Business Ethics and social responsibility are important areas within Chipotle Mexican Grill’s business. Both areas have an interactive relationship that plays a role in building profitable businesses as well as a well-rounded community. Ethics refer to sets of beliefs about right and wrong; and business ethics involve the application of these issues in the workplace. The universal ethical standards, which involve trustworthiness, respect, responsibility, fairness, caring, and citizenship, are standards that apply to all people and should definitely be held high within the workplace. Social Responsibility is the obligation of a business to contribute to society. Chipotle’s social responsibility affects employees, customers, investors, the community, and the environment. Chipotle Mexican Grill opened in 1993 by a man named Steve Ells. The mission of the company is putting a focus on food with integrity, great service, and teamwork within their many restaurants. The opening statement of Chipotle’s Code of Conduct is as follows, “Chipotle is committed to the highest standards of integrity in all of our activities and compliance with both the letter and spirit of the law. We expect that you will reflect these standards in your day-to-day dealings on our behalf. This Code of Conduct is for all employees, Officers, and all members of the Board of Directors. It is a guide to ethical behavior” ("Code of conduct"). All staff members at Chipotle...
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...Ethical and Socially Responsive Business Chipotle Restaurant Marilynn Dukes BUS 100 Professor Donna Kilgore Ly September 14, 2014 Ethical and Socially Responsive Business Chipotle Restaurant Many organizations have been destroyed or seriously damaged because of ethics. As the CEO of Chipotle Restaurants and because of recent terminations of a few employees, I want to point out some key areas of our code of conduct that are of significant importance to our business and to our success in the industry. As you read this content, take time to absorb and understand why adhering to our code of conduct is important to the business. I want you to memorize the key steps [outlined below] that this company will take to ensure every employee follow the code of conduct of Chipotle Restaurant. Protection and Use of Company Assets Company property is just that, company property. It is not your personal property and therefore, should not be used for non-Chipotle business purposes. It is both illegal and unethical to burn CD’s to sell to your co-workers while at work. Such behavior puts Chipotle and its employees in jeopardy of lawsuits and criminal prosecution, as well as damage to our image and reputation. Chipotle is a for-profit company, and anyone engaging in illegal activities impacts that profitability. Policy Regarding Employee Treatment of Customers and Suppliers We recently had a company picnic where we invited some key customers and suppliers to enjoy good food...
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