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Corporate ethics

Organizations emphasizing social responsibility and adhering to corporate ethics will gain competitive advantages in the marketplace. To pass the test of moral scrutiny and qualify as ethical, a firm’s actions and behaviors cannot cross the line between “should do” and “should not do.” A firm’s strategy crosses into the “should not do” zone and cannot pass moral scrutiny if it entails actions and behaviors that are deceitful, unfair, harmful to others, disreputable, or unreasonably damaging to the environment.

Address the following based on applying ethics and ethical strategies.

Explain why a firm’s strategy needs to pass ethical scrutiny.
What is an example of an unethical strategy? Explain your response.
Provide an example of an organization you consider to be ethical in Jacksonville, FL.
Name the organization you have seen use an ethical strategy and identify what made it ethical.

Sample Answer

here are my answers to your questions:

Why a firm’s strategy needs to pass ethical scrutiny:

A firm’s strategy needs to pass ethical scrutiny because it sets the tone for the entire organization. If a firm’s strategy is unethical, it is likely that the employees will also behave unethically. This can lead to a number of problems, including:

Damage to the company’s reputation: If a company is seen as unethical, it will be difficult to attract and retain customers and employees.
Legal problems: If a company engages in unethical behavior, it may be sued or fined.
Damage to the public good: Unethical behavior can damage the public good by harming people or the environment.

Example of an unethical strategy:

An example of an unethical strategy is a company that engages in price-fixing. Price-fixing is when a group of companies agree to charge the same price for a product or service. This is illegal because it prevents competition and hurts consumers.

Full Answer Section

Another example of an unethical strategy is a company that pollutes the environment. Pollution can harm people and the environment, and it is illegal in many cases.

Organization I consider to be ethical in Jacksonville, FL:

One organization that I consider to be ethical in Jacksonville, FL is the United Way of Northeast Florida. The United Way is a nonprofit organization that works to improve the lives of people in need in the Jacksonville area. The United Way is committed to ethical behavior, and it has a code of ethics that all of its employees must follow.

Organization that I have seen use an ethical strategy:

One organization that I have seen use an ethical strategy is Whole Foods Market. Whole Foods Market is a grocery store chain that is committed to selling healthy, organic foods. Whole Foods Market also has a strong commitment to social responsibility, and it works to support local farmers and businesses.

One example of Whole Foods Market’s ethical strategy is its commitment to fair trade coffee. Whole Foods Market only sells coffee that is certified as fair trade. This means that the coffee farmers who grow the coffee are paid a fair price for their crops.

I believe that Whole Foods Market’s ethical strategy is beneficial to both the company and the community. The company benefits because it can sell fair trade coffee at a premium price. The community benefits because the fair trade coffee helps to support coffee farmers in developing countries.

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