...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 being real and being honest. It means doing the right...
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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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...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 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 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 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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...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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...Ethical and Social Responsive Business Intro to Businesses Yolanda Cody Professor James Young Ruby Tuesday's vision gives value to their customers and a Phenomenal employment for their staff by showing their quality and joy in everything that is done. Ruby Tuesday has adopted a performance of business demeanor and ethics to confirm its commitment to conduct business. Adherence to laws, rules, and directive is the most important area in a company's code of performance. Complying with laws, rules, and directive includes preventing harassment, discrimination, and work place adherence. When companies are in full adherence with all laws, rules, and directive, they're not putting themselves at risk for the unhelpfulness towards their company. In 2007, the Rosen Family filed a suit against the company for their discrimination against their religious beliefs. It was believed that an employee in a location in Ohio, had intentionally burnt a Aureole in the bowl that their food had been served in. They believed the intent was brought up when a cook saw the Rosen's daughter wearing a necklace showing the star of David as she was entering the restroom. The Rosen family believed that upon the cook discovering that they were religion, the cook in turn discriminated against their religious beliefs. The family faced an emotional battle behind this event. This event is being stated to show just how important it is to train your staff/ employees properly so that events of...
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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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...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 on modern aspects of marketing promotion. Technics Technologies Education Management, 7(4), 1741-1750. Franks, R. A., & Spalding, A. D. (2013). Business ethics as an accreditation requirement: A knowledge mapping approach. Business Education & Accreditation, 5(1), 17-30. Pathak, A. (2012). Understanding Michael Porter: The Essential Guide to Competition and Strategy. Vikalpa: The...
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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 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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...Week Ten: Assignment Two- Code of Ethics Student Professor: Business 100 September 3rd, 2015 My name is Taylor Marie Elmer and I am the chief executive officer (CEO) of a chain restaurant called The Cheesecake Factory. Within each restaurant, board members and employees are expected to abide by the policies and procedures that are clearly written out in the document named Code of Ethics and Code of Business Conduct. We established a Code of Ethics for the employees knowledge of wrongdoings and promoting. It is each employees responsibility to read and understand the Code of Ethics to keep employment at The Cheesecake Factory. 1. Key Areas- Paragraph One As the CEO of this restaurant is it my responsibility that the employees read and understand the text written in the Code of Ethics to maintain a flourishing and profitable restaurant. They’re many things to consider when determining the most significant key areas of the Code of Ethics. First of all, in section two part A of the Code of Conduct we point out that within our restaurant we “encourage a relationship of trust, loyalty, honesty and responsibility among staff members at all levels”. For any organization or establishment to run smoothly there must be a change of respect throughout. I personally feel as though no employee should feel lower than any other, including me the CEO. There is a saying that goes “A bad manager can take a good staff and destroy it, causing the best employees to flee and remainder to...
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...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.) 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 on modern aspects of marketing promotion. Technics Technologies Education Management, 7(4), 1741-1750. Franks, R. A., & Spalding, A. D. (2013). Business ethics as an accreditation requirement: A knowledge mapping approach. Business Education & Accreditation, 5(1), 17-30. Pathak, A. (2012). Understanding Michael Porter: The Essential Guide to Competition and Strategy. Vikalpa: The Journal for Decision Makers, 37(2), 153-155. Singh, K., P. (2012). Management of business processes can help an organization achieve competitive advantage. International Management Review, 8(2), 19-26...
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