...Created Theory: Ethical Bottom Line Introduction The Ethical Bottom Line Theory is developed on the bases of the case study and CSR theories and the traditional concept of accounting system. In traditional business accounting and common usage, the "bottom line” refers to either the “profit” or “loss”, which is usually recorded at the very bottom line on a statement of revenue and expenses. The Triple Bottom Line was coined by Elkington (1994) to introduce the full cost accounting method. For example if a corporation shows a profit but their production pollutes the river, and the government ends up spending taxpayers’ money for rehabilitation programs. So the Triple Bottom Line was coined to address the issue. The triple bottom line incorporates the notion of sustainability into business decisions. The TBL is an accounting framework with three dimensions: social, environmental (or ecological) and financial. The TBL dimensions are also commonly called the three Ps: people, planet and profit and are referred to as the "three pillars of sustainability". Interest in triple bottom line accounting has been growing in both for-profit, nonprofit and government sectors. Many organizations have adopted the TBL framework to evaluate their performance in a broader context (Elkington, 1994) Ethical Bottom Line theory condenses the Triple Bottom Line of Elkington (1994) framework and integrates the Stakeholder Theory. Brief Description of the Theory The theory condenses...
Words: 437 - Pages: 2
...Abstract This paper discusses the importance of ethics in the business and the importance of developing ethical leaders. It can be said that in many companies, there are leaders who have not taken ethics seriously. However, it can also be said that many companies have excellent programs and procedures in place to create an open and trusting environment. Developing ethical leaders is key in the success of any company and the success of fellow employees. Many companies have created leadership programs that embrace the importance of ethics in the business environment also it can be said that everyone has good qualities that just need to be enhanced and brought out. These leadership programs are an excellent way to be able to define ethical leaders. Developing Ethical Leaders In developing ethical leadership it is key to understand ethics. Many leaders believe that ethical leadership is a matter of leaders having good character or having the right values. Ethical leadership is far more elaborate than just these few areas. Ethical leadership doesn't only take into account the leader, but also the stakeholders at hand. (Freeman, 2007) Embrace Values of the Organization Ethical leaders embrace the purpose and values that a company has set forth. Far too often leaders speak what is right but fail to do what is right. Ethics is doing the right thing when no one is watching. It's making sure that the company values are being maintained at all times and never been compromised. When times...
Words: 1261 - Pages: 6
...An Examination and Reactions to the Movie Antwone Fisher MCPY 600 August 16th, 2007 The movie, Antwone Fisher is a wonderful and thought provoking film full of symbolism, pain, and hope. Antwone Fisher takes the audience through a journey of various subsystems of communities: prison, orphanage, foster care, homeless shelter, and the Navy. However a community encompasses more than a system. Community is ever changing, evolving, and interacting with the needs of the people developing into their own. Communities are influenced by environment, political climate, and economy. We watch Antwone Fisher dream of his perfect family, and the need he has to make a connection with his past. However, the journey he goes through with the help of his Psychiatrist, Dr. Davenport and his girl friend Cheryl, is trying, sometimes turbulent, and full of pit-falls. Antwone reaches his own epiphany when he learns who he is, meets his family, and is able to trust others while overcoming his fear of rejection and abandonment. As I watched the events unfold through Antwone’s eyes, I asked myself what specific influences kept him from turning to violence and crime on the streets. I find those answers by carefully examining the progression of events, Antwone’s choices, positive influences, as well as looking at the meaning and symbolism behind the scenes. The first scene of Antwone Fisher sets the tone for the character development...
Words: 1743 - Pages: 7
...Environmental Considerations and Recommendations Company X does not currently have any environmental initiatives. A few initiatives that would benefit the organization and be socially responsible would include going paperless, turning off the computers at night, and a telecommuting option. Each one of these can help protect the environment by reducing pollution in one manner or another. These are all small changes that could have a big impact. With a company size approaching 150 employees, we can generate quite a bit of pollution just in our day to day activities without knowing we did so. Going paperless has some specifics at Company X that make it attractive. The organization is already recycling as much paper as it can within the office, but that only goes so far. If Company X could reduce the amount of paper it uses it reduce the amount of trees being cut down and the pollution put off during the recycling process. Company X fills up 4 – 26 Gallon Recycle bins per month with paper and we shred another 4 - 30 gallon bins, I am assuming the bins being shredded are also being recycled. Much of the paper Company X is using can easily be turned into online assets that require no paper. The organization has invoices coming in and it sends invoices out. It could utilize the electronic invoicing with in the CRM to handle these invoices. This would also benefit the customers, as invoices would not get lost in the mail. The employee expense reports, which average three pages...
Words: 3352 - Pages: 14
...data, ideas or words, either quoted directly or paraphrased. We also certify that this assignment was prepared by us specifically for this course. Student’s Signatures ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ Table of Contents Definition of Problems 3 The Lack of Ethical Culture and Stakeholder Orientation 4 Low Board’s Professionalism 5 Poor Trust and Excessive Emphasis on Marketing 5 Identification of Possible Action Alternatives 6 Analysis of Each Alternative 7 Doing Nothing 7 Hiring a New Board of Directors 7 Developing a New Code of Conduct 8 Developing a New Organizational Strategy to Reconstruct the Ethical Climate 10 Decision 10 Implementation 11 Evaluation 13 Conclusion 14 References 15 Case Decision Making Paper- Red Cross In a world of intensive competition and numerous marketing challenges, maintaining trust in the organization-stakeholder relationships is an extremely difficult task. Numerous organizations have failed to achieve the desired strategic...
Words: 4100 - Pages: 17
...Introduction As the world’s population continues to grow and the middle class is on the rise, we have the issue and responsibility to grow in our ethical and sustainable practices in business. Conventional business models are no longer sustainable and as government regulations continue and the consumer speaks out against unsustainable and unethical practices, business will need to alter their goals toward a sustainable model. The main focus of business is of course profit but in order to make the profit, there needs to be standards that are in place to promote and sustain the consumer’s interest in ecology, ethics, and the economy. Specifically, business needs to be innovative and try to create their products with the minimal amount of environmental impact. In addition, the business needs to be liable for the ethical treatment of all employees including the employees of their suppliers and the sustainability of their suppliers. A company cannot claim to be sustainable and yet their suppliers are causing destruction to the environment or becoming wrapped up in ethical violations of their employees. The following will review the sustainability and ethical practices of two leading brands, General Motors (GM) and Nissan. General Motors is based out of Detroit, Michigan, and produces brands that include Chevrolet, Buick, GMC, Cadillac, and others. Nissan is headquartered in Nishi-ku, Yokohama, Japan. These two companies are fairly different in focus. General Motors relies...
Words: 2940 - Pages: 12
...learnt and adopted over time. “Moral character is shaped by family, church, and education.” (Prof Kenneth Andrews, 1989) This clearly illustrates that personal ethics are not a generic set of principles adopted homogenously by all people but that there is are many differences between individuals personal ethics and what some people would say is right and moral, others would say is not, and others would simply be indifferent. Professional ethics, on the other hand, are defined as the ‘giving of one’s best to ensure that clients’ interests are properly cared for, but in doing so the wider public interest is also recognized and respected’. (Howard Land, Unknown date). The specific code of ethics that a professional adheres to depends on the line of work in which they find themselves and to which certification of charter they belong. It is essential to note that all codes of professional ethics are in place for the good of the client and the general public. Clearly their intention is good- companies want to ensure consistency of values and that employees operate in an honest manner in the work place, which is aimed at benefiting society as a whole. The most important distinctions drawn from these definitions are firstly...
Words: 1218 - Pages: 5
...Ethical Code of Conduct Name Course Lecturer Date Ethical Code of Conduct Ethical conduct of employees All employees in this company must follow the following Codes of Conduct. * They should know the mission of the company and promote its progress by meeting the set standards and duly observing all our regulations. * Read well, comprehend and duly obey the organization’s procedures, both national and international. Where they do not understand the procedures, they should seek guidance from the relevant departments. * Offer their talents and total endeavors to the company’s jobs. They should dedicate their time towards ensuring that they deliver as per the expectations of their profession. Laziness will not be at all costs tolerated. * Share knowledge and acquaintance towards advantage of the company and its stakeholders so as to expand its target market. * Since our company serves clients with an adherence to ADA, EEOC and Civil rights, employees are expected to abide by these regulations. * They should meet the commitments of the company in a sincere and sensible manner at all times. * Share the mutual liability to the organization for the individual expansion and progress of the company. * They should take part in making an environment full of collaboration and teamwork in all aspects. * They should desist from judging others without basis and avoid discrimination during working irrespective of the difference in race, gender...
Words: 1267 - Pages: 6
...everything they do, execution of principles and taking ownership and accountability for results, success and failure and by having social stewardship and demonstrating good corporate citizenship and responsibility to all constituencies all encompasses the overall tone of the how they would like the public to see them. (Farfan) Considering that the Social Progress Index's ultimate mission is global advancement, it is difficult to dismiss any of Dunkin' Brand's values as they all are relatively important to guide the company in achieving overall progress in numerous areas. However, their goals of "Integrity" and "Fairness" are perhaps best demonstrated in Dunkin' Brand’s practice of "Fair Trade". Fair trade buying is a specific type of ethical consumer behavior. Fair trade incorporates fair prices for the products of farmers in developing countries. In essence, fair trade means buying products...
Words: 1231 - Pages: 5
...The corporate world is one of great prestige, earning potential, and recognition, but it can also be a world in which corruption, mismanagement, and failure can lead to devastating consequences, ending careers and tarnishing reputations. The AccuForm case study reflects the complex nature of business and its relationship to ethical dilemmas, corporate culture, and managerial competence and responsibility. With a variance in personalities, motives, and expectations companies such as AccuForm struggle to maintain an environment in which integrity is upheld and not usurped by individual greed or contradictory values. This case study illustrates the challenges within businesses and confirms the need for organizations to seriously and meticulously evaluate company policies and systems, clearly define managerial goals and expectations, and assist in the edification of the entire workforce. To understand the implications of this case, one must analyze the organization’s partnerships. Undoubtedly, the partnership between AccuForm and CreaseFree created a monumental challenge that clearly reflects how systems and culture can be a detriment to the productivity of a company. Entering into a joint venture was a very costly decision for AccuForm. The immediate challenge faced by the company was the obvious dichotomy of the business practices and belief systems of the organizations. This challenge was most significant because it was the basis for all of the ignoble actions that would soon...
Words: 2446 - Pages: 10
...My personal view of ethics is along the same lines as this and has been instilled in me my entire life. My code of ethics includes respect for myself and others; honesty in my endeavors, graciousness in both my personal and professional lives, and accountable for my actions. I use nonmaleficence and beneficence in every aspect of my life. I also strive to honor the proverbial do unto others as they would do unto me. Character and values that have a positive impact After reviewing my personal ethical code, how is this part of my professional ethics code? According to America Nurses Association (2001), the nursing code of ethics tells us that “the nurse’s primary commitment is to the recipient of nursing and health care services, the patient, whether the recipient is an individual, a family, a group, or a community” ((Primacy of the Patient's Interest, para. 1). I believe that nursing is a profession that requires an unbiased approach and openness found in no other profession. As nurses we are fully responsibility for the care of our patients. As I have learned through my years of nursing practice, nurses must learn to put ourselves in shoes of the patient and integrate into our plan of care what we think is best for him or her yet respect the wishes and rights of each individual when doing so. Strengths and ethical aspirations I have been a nurse for 16 years and I believe this has strengthened my professional ethical code. I essentially have learned how, when...
Words: 585 - Pages: 3
...Que 1: Benefits of Accountant in the company: • Helps to keep Records Updated An Accountant can help the company to keep the records updated by keeping track on each and every transaction placed during a particular accounting period. And can also enhance the performance of the company by monitoring and reviewing the accuracy and the completeness of records of accounting and its related systems. An accountant can also maintain records of all employees of the company by keeping track on their performance and also can focus on timely processing of weekly and monthly payroll of the employees. An accountant can also keep the records updated by compiling and analyzing the information related to financial activities of the company to prepare entries to the accounts, such as general ledger accounts, document business transactions. Due to the proper updating of the records systematically by the accountant the company will be able to provide the financial information of the company to its internal and external sources whenever needed without any disputes or errors . • Paid taxes on time An Accountant can help the company by paying taxes on time. There will be no need to calculate taxes separately as it will be calculated by the accountant which will in turn save the time and hence can be used in some effective and efficient manner. Apart from this he can also provide much relevant information related to taxes like : • Amount to put aside per month for tax bills •...
Words: 5754 - Pages: 24
...Ethics Paper FIN 310 Due: December 18, 2013. Please locate one news story, dated on or after September 1, 2013, having to do with business ethics as they may apply to finance professionals. Attach the story and discuss it more-or-less along the following lines: If it describes a problem, propose your own solution. If it proposes a solution, critique it. If it describes a situation as non-problematic and therefore requiring no solution, state whether or not you agree, and why. Your analysis should include a discussion of applicable legal rules and ethical codes, of any. It also should identify competing viewpoints and address international variation if relevant. The rubric for grading this question is as follows: Task Description Deficient Below Expectations As expected Identify at least one current issue that involves business ethics as they relate to financial professionals (30%) Fails to identify any genuine issue. (0 – 4 points) Identifies one genuine issue explicitly listed in the article. (5 – 10 points) Identifies at least one genuine issue not explicitly listed in the article. (11 – 25 points) Discuss applicable ethics codes or legal rules; identify competing viewpoints; address international variance if relevant. (40%) Fails to identify applicable ethics code or legal rules, fails to identify competing viewpoints and/or fails to address relevant international variation. (0 – 6 points) Fails to advance a ...
Words: 336 - Pages: 2
...Management School, University of Sheffield, UK ABSTRACT The ‘attitude–behaviour gap’ or ‘values–action gap’ is where 30% of consumers report that they are very concerned about environmental issues but they are struggling to translate this into purchases. For example, the market share for ethical foods remains at 5 per cent of sales. This paper investigates the purchasing process for green consumers in relation to consumer technology products in the UK. Data were collected from 81 self-declared green consumers through in depth interviews on recent purchases of technology products. A green consumer purchasing model and success criteria for closing the gap between green consumers’ values and their behaviour are developed. The paper concludes that incentives and single issue labels (like the current energy rating label) would help consumers concentrate their limited efforts. More fundamentally, ‘being green’ needs time and space in people’s lives that is not available in increasingly busy lifestyles. Implications for policy and business are proposed. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment. Received 12 December 2007; revised 30 June 2008; accepted 4 July 2008 Keywords: ethical; green; environmental; sustainable; consumer; purchase; consumption; behaviour Introduction VERY...
Words: 7596 - Pages: 31
... We develop the mind frame of “by any means necessary” and that’s where the trouble begins. Once in that mind frame employees, management and even executives are tempted to break the rules, play dirty etc, all in order to not only reach the goals, but the fastest or the best. Companies have focused so much on the result, that the path there has been over looked. We called this “efficiency” if it was done fastest or cheapest. Meeting goals, and being profitable is a clear goal for mostly all businesses, but the question is how we go about doing this. We have all heard the saying “ time is money” and in trying to beat the clock, beat the competitor, beat each other, we occasionally cross the path of the ethical way to go or the fast way to go. To some these less than ethical avenues are often tempting because they either meet a goal fastest or meet the personal goals of the individual rather than those of the company. While the result may have been acquired, this is not considered “efficient’ simply because it was faster,...
Words: 3799 - Pages: 16
