Thursday, February 15, 5: The World's Most Ethical Companies designation recognizes organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company. Being a 7th consecutive year honoree underscores Wipro's commitment to leading ethical business standards and practices that also ensure long-term value to key stakeholders including customers, employees, suppliers, regulators and investors. Unflinching commitment to values is the bedrock of our philosophy of doing business.
Black markets, grey markets. Ethics of Production This area of business ethics deals with the duties of a company to ensure that products and production processes do not cause harm.
Some of the more acute dilemmas in this area arise out of the fact that there is usually a degree of danger in any product or production process and it is difficult to define a degree of permissibility, or the degree of permissibility may depend on the changing state of preventative technologies or changing social perceptions of acceptable risk.
Defective, addictive and inherently dangerous products and Ethical relations between the company and the environment include pollution, environmental ethics, and carbon emissions trading.
Ethical problems arising out of new technologies for eg. Genetically modified food Product testing ethics. The most systematic approach to fostering ethical behaviour is to build corporate cultures that link ethical standards and business practices.
Attracting and retaining talent People aspire to join organizations that have high ethical values. Companies are able to attract the best talent and an ethical company that is dedicated to taking care of its employees will be rewarded with employees being equally dedicated in taking care of the organization.
The ethical climate matter to the employees.
Ethical Organizations create an environment that is trustworthy, making employees willing to rely, take decisions and act on the decisions and actions of the co-employees. In such a work environment, employees can expect to be treated with respect and consideration for their colleagues and superiors.
It cultivates strong teamwork and Productivity and support employee growth. Investor Loyalty Investors are concerned about ethics, social responsibility and reputation of the company in which they invest.
Investors are becoming more and more aware that an ethical climate provides a foundation for efficiency, productivity and profits. Relationship with any stakeholder, including investors, based on dependability, trust and commitment results in sustained loyalty.
Customer satisfaction Customer satisfaction is a vital factor in successful business strategy. The name of a company should evoke trust and respect among customers for enduring success. This is achieved by a company that adopts ethical practices.
When a company because of its belief in high ethics is perceived as such, any crisis or mishaps along the way is tolerated by the customers as a minor aberration. Such companies are also guided by their ethics to survive a critical situation. Preferred values are identified ensuring that organizational behaviours are aligned with those values.
Ethical conduct towards customers builds a strong competitive position.
It promotes a strong public image. Regulators Regulators eye companies functioning ethically as responsible citizens. The regulator need not always monitor the functioning of the ethically sound company. The company earns profits and reputational gains if it acts within the confines of business ethics.0 Votos positivos, marcar como útil.
0 Votos negativos, marcar como no útil. BE. MORAL REASONING:Arguments For and Against Business Ethics Business Ethics Business Management Business Human Resource Management. Wipro BPs+C56 Solutions is a leading provider of Business Process Outsourcing (BPO)focusing on the complex, voice and non-voice based segment of customer-care services.
e BPO offerings are around – customer service, technical help desk, finance and accounts outsourcing, HR . Wipro has been awarded the “Ethics is Good Business” award for the Year Wipro has compiled an "Integrity Manual" that defines the way Wiproites should deal with their customers.
Wipro has also introduced a helpline known as “Wipro SOS”. Code of Business Conduct and Ethics December - Free download as PDF File .pdf), Text File .txt) or read online for free.
India Business News: Wipro has been recognized as the world’s most ethical company by the Ethisphere Institute for The world’s most ethical companies designation rec.