In the context of creating and maintaining ethical work environments,define and briefly discuss code of ethics.

Question

What will be an ideal response?

Answer 1

Answers will vary. A strong organizational culture works in tandem with formal ethics programs to create and maintain ethical work environments.A written code of ethics is the cornerstone of any formal ethics program. It is a formal, written document that defines the ethical standards of an organization and gives employees the information they need to make ethical decisions across a range of situations.Clearly, an ethics code becomes even more important for multinational companies, since it lays out unifying values and priorities for divisions that are rooted in different cultures. But a written code is worthless if it doesn't reflect living principles. An effective code of ethics flows directly from ethical corporate values and leads directly to ongoing communication, training, and action.Specific codes of ethics vary greatly among organizations. Perhaps the best-known code is the Johnson & Johnson Credo, which has guided the company profitably-with a soaring reputation-through a number of crises that would have sunk lesser organizations. One of the striking elements of the credo is the firm focus on fairness.