Ethical Organization Flashcards
Describe the characteristics of an ethical organisation according to the content
The characteristic inc trust, integrity, values, openness, transparency, effective communication, objectivity, fairness, and sharing the company’s wealth
How can trust impact an organisation according to the content ?
Tut s crucial for internal stakeholders (managers and employees) and external stakeholders (suppliers, customers). Breakdown of trust can lead alienation, harming sustainability and reputation.
Define openness in the context of an organisation as per the content.
Openness refers to how freely information is shared with those affected. Lack of openness can be seen as unfair or immoral by stakeholders, affecting trustworthiness.
What is the importance of effective communication in an ethical organisation based on the content?
Ensures that ethics expectations are clear to all stakeholders, and the code of ethics is understood and applied by every employee.
How can leaders promote trust within an organisation according to the content?
By trusting and believing in employees, making them feel valued, appreciating their contributions, and openly communicating company objectives.
Describe role of corporate governance in an ethical organisation as mentioned in the content.
Involves the development of a corporate code, ensuring ethical practices are demonstrated by leaders, and creating an ethical culture within the organisation.
What are the area of social responsibility that an ethical organisation should focus on according to the content?
Should focus on corporate social responsibility, corporate moral excellence, and sharing the company’s wealth with stakeholders.
How can ethical decisions impact the success of an organisation based on the content?
Leaders who make ethical responsible decisions , even when not financially beneficial, are more successful in fostering an ethical culture within the organisation.
Describe the importance of integrity in an organisation’s actions and decisions.
Consistently acting ethically and adhering to laws, regulations, treating employees and stakeholders daily, and demonstrating fair dealings.
