...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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...Ethical and Socially Responsive Business Stacey Scott-Spland Professor Mark McMullen Saturday, March 14, 2015 The company’s code of conduct that I have chosen to review is Chipotle. Chipotle code of conduct covers every possible incident that may occur within or outside of the company. It is a very detailed code of conduct, but I will dive into the most important aspects of the code of conduct that is of significance or importance to the company. The company was established in 1993 with the mission of creating a fine dining experience at the paste of a fast food restaurant without compromising quality, “which is referred to as fast-casual”. Chipotle code of conduct is through spelling out all of the company’s policies and procedures for employees, directors and board members to follow, who are representing themselves on behalf of Chipotle. The first part of the 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.” The most significant parts of Chipotle Code of Conduct includes the "Integrity Statement," "Anti-Discrimination, Harassment and Sexual Harassment Policy," "It’s the Law,” and "Chipotle Confidential." The five categories are an integral part in protecting the company and its employees against unlawful activities. The code of conduct defines who...
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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 I believe that every company should encourage a relationship of trust, loyalty, honesty, and responsibility among staff members at all levels. It’s important that each staff member works together to achieve excellence in a business, so the code of conduct is put in place. The purpose of the code is to provide guidance and set common ethical standards for employees from the top of the food chain to the bottom of the food chain. Some of the areas that I find to be significant of importance in a business are sexual harassment, discrimination and simply being professional in a work environment. Sexual Harassment Prohibited Chipotle wants to provide a safe and positive working environment for all employees, whether male or female. Sexual harassment will not be tolerated, it’s a unwelcome verbal or non-verbal sexual advance, requests for sexual favors, other verbal or physical conduct of a sexual nature, it is considers a from of discrimination based on gender. The law prohibits sexual harassment by supervisor’s coworkers and even people who are not employees of the company. The company has a duty to keep their workplace free of harassment. Discrimination Prohibited Chipotle strongly believes that employees and applicants for employment should be treated without regard to race, color, religion, national origin, gender, age, marital status, sexual orientation, gender identity...
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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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...Assignment II: Ethical and Socially Responsive Business Robert Downs Dr. Bassam Hamdan, Ph.D. BUS 100 December 14, 2014 As CEO of the Cheesecake Factory, I would like to talk about the most valuable asset that this company has: OUR PEOPLE! In our code of ethics part two paragraph: A, states: “Our Company encourages a relationship of trust, loyalty, honesty and responsibility among staff members at all levels. We believe that all staff members deserve to be treated with dignity and respect. We are committed to celebrating the diversity of our workforce and our guest, and respecting each staff member as we work together to achieve excellence in our business.” Without our customers, we cannot survive. Without our customers, we cannot be successful. This is why we invest in our people. This means our employees as well as our community. This is why a code of conduct was constructed. Our desire is for these principles to not only be shared in our restaurants, but across the world. We not only teach these principles, we live them as well. We teach and live these principles beginning with the onboarding process on through until the employee leaves the organization. Our mission is for all employees to continue the push of these principles throughout their entire lives. We accomplish this through two key principles; I. We do this through our company culture. II. We have a zero tolerance policy when it comes to not following this code of conduct. III. We have a compliance department...
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...Assignment 4: Ethical and Socially Responsive Business Tiffany Williamson Strayer University BUS/100 08/27/2013 DR. Crawford Ethical and Socially Responsive Business The Cheese Cake Factory is one of the restaurants I chose to evaluate when it comes to the code of ethical conduct. The code of ethical conduct is very important when it comes to running a business. In order for the business to be successful they must carefully address problems and behaviors within the company that might affect the business. The code of conduct is very important when it comes to the human aspect of the business. For the company to remain successful they must follow and implement employees to follow the code of conduct. The code of conduct is a key aspect when it comes to running a business. The Cheese Cake Factory Code of Ethics informs their directors, executives, financial officers, and employees the laws and ethics to abide by within the company. A key aspect of the Cheese Cake Factory’s code of ethics and business conduct is using common sense and having a good sense of judgment. This company implements how important good judgment and common sense is to staff members when it comes to the best interest of the company. They expect staff members to make the best decisions that will have a greater impact on the business. The company requires all staff members to behave in an appropriate and professional manner. It is important to the company that the staff’s behavior reflects the...
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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 Damon Worsham Professor Jeremy Smith BUS June 11, 2015 As CEO of the Cheesecake Factory, I would like to speak to you about the most valuable asset to our company, and that is our people. It is stated in our code of ethics, Part II, Paragraph A; “Our Company encourages a relationship of trust, loyalty, honesty, and responsibility among staff members at all levels. We believe that all staff members deserve to be treated with dignity and respect. We are committed to celebrating the diversity of our workforce and our guests, and respecting each staff member as we work together to achieve excellence in our business” (Cheesecake, 2006). The Cheesecake Factory was recognized by FORTUNE for 96% of its employees stating that they felt proud to tell others that they worked at this organization. , Furthermore, highlighting the company's stature and community impact as vital sources of pride (BusinessWire, 2015). Key Areas of the Selected Company’s Code of Conduct that are of Significant Importance to the Business The standards part of the Cheesecake Factory’s code of conduct is important because it sets the legal expectations for the company and its members. Furthermore, this part provides guidance on how the company’s officers, directors, as well as the employee interact, both vertically and horizontally within the organization. In essence, this part forms the core element of code of conduct that ensures that honesty is an ethical standard...
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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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...Ethical and Socially Responsive Business Some of the key areas of Chipotle’s code of conduct that are of significant importance to the business is the integrity statement and the anti-discrimination, harassment and sexual harassment policy. In the Chipotle’s Ethics and Conflicts of Interest Policy of the Integrity Statement, integrity is about being real and being honest. It means doing the right thing even when no one is watching. That means that you should do the same thing when your manager or co-workers is around or if they aren’t around. No matter what, each of them must accept personal responsibility for doing the right thing. Whether that means when someone is around or not. It also states that they should not accept gifts from competitors, suppliers, vendors, potential vendors, or business entities with which they are conducting business on behalf of Chipotle. When accepting gifts: they should never accept a gift unless it meets all of the following criteria: (1) it is not a cash gift; (2) it is consistent with customary business practices; (3) it is not excessive in value (i.e., is under $150); (4) it cannot be construed as a bribe or payoff; and (5) it does not violate any law or regulation. If you are not sure whether a gift or proposed gift is appropriate, please discuss it with your Manager/Director, who may, in isolated cases, approve your acceptance of a gift that may otherwise have violated criteria (2) or (3). Each year, employees in management positions...
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...Ethical Conduct Ethical and Socially Responsive Business Kenyetta Keys BUS 100 - Intro to Business Professor Gillian Martin December 15, 2013 Ethics by definition, according to BUSN Introduction to Business, refers to sets of beliefs about right and wrong good and bad. Ethics are the basic concepts and fundamental principles of decent human conduct. Ethics include universal values such as equality of all men and women, human or natural rights, obeying the laws, concern for health and safety, and the environment. Business ethics involve the application of these issues in the workplace. Social responsibility, again according to BUSN Introduction to Business, is the obligation of a business to contribute to society. Being socially responsible means that people and businesses must behave ethically and with sensitivity toward social, cultural, economic and environmental issues. Social responsibility is the obligation of a business towards the welfare and interests of the society in which it operates. This paper will describe key areas of the Chipotle’s code of conduct that are of significant importance to the business, explain key steps that should be taken to ensure that employees follow the code of conduct, and suggest ways in which the restaurant can engage in socially responsive activities in the community within which it operates. Let’s start off with some background information about the restaurant. Chipotle...
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...Ethical and Socially Responsive Business BUS 100 Intro to Business 12/14/14 The company that I have chosen to be CEO over is the Cheesecake Factory . One key area of their Code of Ethics and Code of Business Conduct Policy (http://media.corporate-ir.net/media_files/IROL/10/109258/Code_of_ethics.pdf ) is the first section outlining the Standards of Conduct. Having that relationship of trust, loyalty, honesty, and responsibility from your employees is huge because they are your frontline employees and are in without their commitment the business will not run smoothly. As it states in the textbook the Universal Ethical Standards includes Trustworthiness, Respect, Responsibility, Fairness. Caring, and Citizenship (Kelly, M., McGowen, J.,& Williams, C.(2014).BUSN(6th ed.).Mason, OH: South-Western Cengage Learning.) With these guidelines a business has a foundation that it can build upon with its employees. Another key area of importance is noting that no employee has the authority to direct another employee to break any laws. This is important because some employees can abuse their power and try and find loopholes to have another employee do illegal acts. Also, to go with some employees abusing their power having the no conflicts of interest policy is good to have so they can try to limit as much favoritism as possible. Another one of the important areas in the policy is keeping Confidential Company information protected. Whether it be business trade secrets or recipes...
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...Ethical and Socially Responsive Business Key Areas of the Code of Conduct As CEO of the Chipotle Restaurant chain we strongly abide by the business’s code of conduct. There are many key areas of the Chipotle’s restaurant code of conduct that have a significant importance to the business. A few of those key areas are Chipotle’s Ethics and Conflicts of Interest Policy, Electronic Communications and Information, and Anti-Discrimination and Sexual Harassment Policy. The Chipotle’s Ethics and Conflicts of Interest area of the code of conduct implies that you should use good judgment at all times. This means you should be aware of all type situations that surround you. Regardless of who is participating in an unethical act we must always be honest. The Electronic Communications and Information area of the code explains the rules of using company computers and networks. You are not allowed to use company computers or networks for any personal use this includes installing software, sending or receiving emails, and unauthorized internet use. If there is a need to download information to the company computer you must take the proper actions of having it scanned with an anti-virus software. Any company information should not be copied for personal use or other use without prior authorization. Violation of these rules will result in disciplinary action. It is highly important that we understand the Anti-Discrimination and Sexual Harassment Policy within the business’s code of conduct...
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...Assignment 2: Ethical Socially Responsive Business Felicia White Professor Porter BUS 100-Introduction To Business December 13, 2015 Ruby Tuesday, Inc.’s “RTI or the Company” vision is to provide great value to guest and a great working environment for our team members. In keeping with this vision, the Company has adopted this Code of Business Conduct and Ethics. They take pride in honest, integrity, and ethical behavior. Ethical behavior goes beyond the basics. Your actions can be legal but still unethical. Conflicts of Interest is important area in RTI code of conduct. All situations that might lead to a real or apparent material conflict between your self-interest and your duties and responsibilities as an employee must be avoided. For an example, causing company to engage in business transactions with friends or relatives compete with the Company while still employed by the Company. Nepotism and Fraternization is also important aspect in the Company’s code of conduct. Dating or other personal involvement of romantic nature between a manager and team member he or she directly or indirectly supervises. Also having personal outside relationship with team members directly and indirectly in a manager’s line of supervision or whose terms and conditions of employment as pay increases and promotions that be affected by manager. These kinds of relationship can result in charges of sexual harassment, discrimination, and favoritism. Lastly, Confidentiality and Privacy...
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