Monday, September 16, 2013

Chapter 3- Ethics and Social Responsibility

Ethics


Ethics in a business is a referral to the moral principles or values that generally govern the conduct of an individual or a group.Coca-Cola demonstration of ethics is in the Code of Business Conduct which is entrusted with honesty and integrity in all matters within the workplace and the community. The Code of Business Conduct is monitored by the Ethics and Compliance Committee, which is set to make sure it is running effectively and not being violated within the workplace. If it is not running effectively, it is to be revised to run smoothly just as they did in 2008.

What do you say when an individual as just been hired to the Coca-Cola company does not know the Code of Business Conduct? Well Coca-Cola itself makes sure the newly hired associates are acquried with the conduct are trained upon hired. To guarantee the conduct is being followed, an online training is available to the associates and recieve a training once for every 3 years.

 

Social Responsibility

Social Responsibility is the business's concern for society's welfare, it is the best interests of the company and the relationship with society. Coca-Cola decides what is best for society and it is the beverage. It is marketed to provide sustainability, an idea that companies will focus on world social problems and see it as an opportunity to build profits and help the world at the same time.

Coca-Cola social responsibility falls under the concept of doing good for the community. Coca-Cola has the motto of "give it back. recycle" This is to recycle the cans that customers has drank to help the environment which is an ethic of helping the community and the environment. It is to benefit the company by increasing the profits and renewable resources. The bottling system won't be a high cost if it is recycled and the packaging, the company is saving as well as society enviroment is becoming healthy.
 

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