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Ethics in Corporate America

Ethics in Corporate America. Ethics in Corporate America is on the Decline . Marist College Institute for Public Opinion survey 76% of Americans believed Corporate America’s moral compass is pointed in the wrong direction. 58% of business leaders agreed. Ethical Standards that are Declining.

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Ethics in Corporate America

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  1. Ethics in Corporate America

  2. Ethics in Corporate America is on the Decline • Marist College Institute for Public Opinion survey • 76% of Americans believed Corporate America’s moral compass is pointed in the wrong direction. • 58% of business leaders agreed

  3. Ethical Standards that are Declining • Overall honesty and ethical conduct are becoming scarce: • 52% Americans • 24% Business leaders • Lack of leadership in a time of crisis: • 58% Americans • 19% Business leaders

  4. Ethical StandardsGreece vs. America • Used false information to get into the European Union • Misallocated funds from bail-out, now need more money • Manipulated the European Union’s system • Ford Motor Company • Workplace safety/human rights • Small environmental impact • Acts in best interest of the company • Concerned with impact of the rest of the world

  5. The P.I.I.G.S

  6. Insecurity of Greek Market

  7. Deficit of GDP and Debt

  8. Ford: A Family Tradition • “There is a most intimate connection between decency and good business.” • “I believe the distinction between a good company and a great company is this: a good company delivers excellent products and services; a great one delivers excellent products and services and strives to make the world a better place.”

  9. Ethical dilemma: The Ford Pinto • Ford did a cost-benefit analysis and decided that the cost of fixing all Pintos on the road (about $11 each) would result in higher overall costs compared to paying damages to people injured or killed in car fires, which it estimated to be about $270,000 each

  10. Built Ford Tough • Adopted a code guarantees that the directors act in the best interest of the company, and its customers. • Has a Model “U” concept car that is made completely of biomaterials

  11. Maintaining Ethical Practices are Crucial to Effective Businesses • Higher employee retention rate • Promotion from within • Repeat business due to a more skilled staff • Microsoft becoming more ethical • Facebook and Apple as unethical companies

  12. Ethics from the Siren’s Eyes • Starbucks • From the farm to the store, ethical practices are maintained • Exhibits social responsibility • Exhibits environmental responsibility • Keeping Americans employed in a time of crisis

  13. Ethical Companies are Thriving • Gap • eBay • Patagonia • Microsoft • Xerox • Caterpillar • PepsiCo • General Mills • Waste Management • T-Mobile USA • UPS • Target

  14. Conclusion • There are many examples of decent ethical behavior in Corporate America • 76% of Americans have a skewed perception of business’s moral compass

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