...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 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 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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...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...
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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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...Thelmeca 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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...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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...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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...Chipotle Code of Ethics Strayer University Business 100 December, 22, 2013 Chipotle Code of Ethics The use of a standard code of ethics is vital for the survival of any business, since it helps in guiding all managerial decisions, creating a framework from which all the decisions are based. The significance of this will not only help in creation of an understanding within the boundaries of the business, but also help in setting of standards for interaction with the external stakeholders (Halbert & Ingulli, 2009). With this knowledge, I believe that Chipotle Mexican Grill, Inc. will be able to provide high quality services to all its customers and also be able to hire highly qualified personnel who understand the mission of the business (Mika, 2010). From my own perception and experience Chipotle Mexican Grill, Inc. had provided me great service quality. The key areas of my Business’s code of ethics are the “Integrity Statement”. Through this code, employees are expected to act in an honest manner and always be real, even when the supervisor is not watching. It is a known fact that business relationships are primarily based on trust, which is required for a healthy restaurant - customer relationship and improvement of the employer – employee relationship (Halbert & Ingulli, 2009). Employees who are able to earn the trust of their employers are able to enjoy a certain level of independence. For example, if there is...
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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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...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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...December 15, 2013 Introduction to Business Bus 100 Abstract This paper discusses key areas of interest within the Cheesecake Factory’s code of conduct, which will also identify the significant importance of the code of conduct and why it is important to the success of the Cheesecake Factory. This paper will also explain how the code of conduct can be implemented by the company, checks and balances to measure adherence to the code, and lastly, three ways the restaurant can engage in socially responsive activities in the community in which it operates. The Cheesecake Factory has a rather large code of conduct. There are a few specific ideas within the code of conduct that is of significant importance to the Cheesecake Factory’s business. It is imperative that this code of conduct is established because staff members must understand the Cheesecake Factory’s ethics and belief system in comparison to other organizations because it may differ with regards to cultural content, values, and ordering of beliefs (McShane & Von, 2005). The first significant idea in the code of conduct is conflict of interest. The company specifically states that an employee must avoid situations in which a conflict of interest would exist or have the appearance of a conflict of interest. This is extremely important to the business because it will prevent employees from having the appearance of giving preferential treatment to relatives, contractors, and business interests. If the company were...
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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 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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