Culture and ethics should be synonymous or at least complement each other in an organization. A company’s culture encompasses
Learning Goal: I’m working on a business discussion question and need an explanation and answer to help me learn.
Read Example 2 and explain your take away. Add additional information. Your document should include minimum 150 words plus credible references.
Example 2:
Culture and ethics should be synonymous or at least complement each other in an organization. A company’s culture encompasses how things should run, whether written or unwritten. Ethics are how people act when no one is watching. Back to my example from a few weeks ago, I could make reports and documentation look pristine. Heck, no one would be any the wiser except me. But I would know that the information was falsified; I have chosen to be better. When you compound my philosophy times the number of people in the organization, a culture of honesty and integrity flourishes.
Publicly traded companies answer to their shareholders, and when an organization misses earnings or there is a scandal, investors speak with their money. Sometimes overnight, millions of shares are sold, and suddenly, a company is not worth nearly what it was the day previously. A 2017 article titled When money gets in the way of corporate ethics (Henning, 2017) illustrates that even when a company (Wells Fargo as an example) is caught creating phony accounts to meet sales targets, leadership tends to blame lower level or “rogue” employees for the violations. So much for company culture when the top brass is not ethical to lead, only to save their skin.
Reference
Henning, P. (2017). When Money Gets in the Way of Corporate Ethics. The New York Times. https://www.nytimes.com/2017/04/17/business/dealbo…
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