Their Ethical Standing In The Business World example essay topic

Planning is fundamental to any organization in its ability to succeed. Planning is the first step any organization must do before carrying forward toward any new initiative. Ethics is a consideration that organizations must keep in mind when planning all facets of their organizations objectives. Ethics is: The system of rules governing the ordering of values. (Bate men et al, 2004). In other words, ethics is what should be the guide for how businesses conduct business. it helps answer the question of what is the right thing to do.

This can be a conflicting concept for many managers. The right thing to do does not always seem to agree with the needs of a business. For example, Enron has now become a point that people point to when it comes to corporate ethical shortcomings. It is hard to say for sure why things at Enron happened the way that they did but one thing is obvious from the outside looking in. The stockholders did not seem to mind too much when the stock was growing at a fast pace. This then creates a dilemma many managers must face, how do they continue to satisfy the market while still conducting business in an ethical way?

Many if not all organizations must understand their ethical standing in the business world as well as the global world. The values that a company adheres to are how they will be best known. At Omni Health Care, our management takes enormous pain to ensure that every employee knows what ethical standard can be expected of him or her. This includes what their responsibility is in ensure that they conduct business in a legal, ethical and socially responsible way.

Most of this is done through training at lower-levels. While lower-level employees (below middle management) may seem to have a large role in how GEH C as a whole conducts business, they do have a large impact on the perception of how we do business. This makes it necessary for every employee to be trained too understand the company's expectation of behavior from every employee. This is also communicated through various town hall meetings, emails and articles on internal web pages from the senior management of Omni.

This affords every opportunity for any employee from the assembler on the line to the Vice President of Operations to know, understand, and follow corporate policies. While it is easy to be suspicious of how leaders in high-ranking positions of the company truly feel or adhere to these policies themselves it does resonate at lower-levels. In my position, I see many aspects of the of our business as it relates to manufacturing. Being a healthcare company, we are bound by many regulations by both the US government as well as governments around the world. This makes us particularly vulnerable to scrutiny for misbehavior. Whenever a project is planned, this scrutiny has to be kept in mind.

We need to ensure that we comply with all the regulations that we are bound to at a minimum. In addition, Omni is a brand so we must keep in mind public perception, and whenever possible ensure we make efforts to conduct ourselves as a socially responsible company. This requires extensive testing, documentation, and other forms of proof that we do what we say we do. These rules are do in part, because we manufacture medical equipment and lives depend on the equipment we make. They are also due in part to the legal ramifications that could arise if something bad were to happen with a piece of our equipment.

Omni can open itself up to all types of problems when something goes wrong with our equipment. Another thing that must be kept in mind by Omni leadership is our responsibility to the areas of the world we do business. Since Omni is a large global company, we affect any area of the world in which we conduct business. From the equipment we make to help save lives, how we contribute to communities we are present in, to how the presence effects the environment. Omni sponsors many initiatives to ensure that we are recognized as a good social partner.

Program that seek diversity, community service events (where Omni employees go out into the community and help make it a better place) and, Matching contributions of employees for fund raising events to name a couple. Many may view this as lip service or smoke and mirrors tactics, and to a degree, they may be correct. One does not be become one of the hottest and fastest growing corporations in the world by merely paying only lip service to the ides of ethics, legal responsibility, and social responsibility. It is apart of planning that is done to ensure the long-term survival of Omni and it has worked for since Thomas Sullivan created his inventions all the way through today.

Planning is an undeniable requirement foe any business to succeed, from the Mom and Pop corner store to the largest corporation. Without planning whether it is strategic, tactical, operational, or contingency no company will manage to succeed. Planning allows a company to create a guide map on how they will grow, how they will operate and, what they will do when an earlier plan does not work properly. Planning allows accompany to reduce or eliminate confusion and avoid unorganized chaos.

Bibliography

Bateman, T., & Snell, S. (2004). Management: the new competitive Landscape. 6th ed. New York: McGraw-Hill / Irwin.