6953638_Business Ethics Touchstone 2 Template (2)
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Business Ethics Touchstone 2 Template
Name: Muriel Sime
Date: 02/06/2024
Step 1. Select ONE code of ethics from the list provided.
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3M https://www.3m.com/3M/en_US/ethics-compliance/code/
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Berkshire Hathaway https://www.berkshirehathaway.com/govern/ethics.pdf
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Starbucks https://livingourvalues.starbucks.com/en-us/
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SHRM https://www.shrm.org/about-shrm/pages/code-of-ethics.aspx
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ASAE https://www.asaecenter.org/about-us/policies/code-of-conduct
Step 2. Answer the following questions, applying the vocabulary and concepts from the tutorials
. 1. Give the name of the company or organization you have chosen from the list above.
3M
2. Find each of the following topics in the code of ethics you have chosen. Write 1-2 sentences paraphrasing or summarizing the company policy on each topic. If you cannot find a policy on the topic, indicate why you think they company did not provide a policy and what potential problems might occur because they do not have a policy.
Basic conduct
3M’s basic conduct focuses on being good, honest, and fair. Employees should behave themselves in a manner that meets customer expectations. Confidentiality
Employees should never disclose any confidential information to other people outside the firm.
.
Competition
All individuals should play by the rules in relation to the government, employees, and customers. Giving and receiving gifts
Employees should consult the in-house legal counsel before accepting any gifts. If in doubt, they should reject such gifts.
Insider trading
All insider trading activities are prohibited, with disciplinary actions such as termination expected. Social media usage
All employees should respect each other’s social media space, guided by
integrity and honesty.
Disparagement
Not covered. Reasons may be due to overlaps in other codes, such as the
social media clause. Therefore, employees may refer to other parts. 3. Based on the evidence seen in part 2, write a 5-7 sentence paragraph describing whether the company’s ethical code describes an ethical minimum (legal compliance) or a higher ethical standard. Support your answers with specific examples from the code of ethics.
The evidence from 3M's code of ethics suggests that the company strives to uphold a higher ethical standard beyond mere legal compliance. For instance, 3M underscores the importance of integrity, respect, and responsibility, indicating a commitment to ethical behavior beyond what is legally mandated. By prioritizing values such as integrity and innovation alongside legal compliance, 3M's code
of ethics demonstrates a commitment to a higher ethical standard that encompasses legal requirements and principles that guide the company's behavior and decision-making processes. 4. Based on the evidence seen in part 2, write a 5-7 sentence paragraph describing what kind of culture the company seems to have based on the competing values framework (adhocracy, clan, market, hierarchy). Write 5-7 sentences supporting your answer with specific examples from the code of ethics. Based on the evidence provided, it seems that 3M's competing values framework leans more towards adhocracy culture. The emphasis on innovation, creativity, and adaptability, as evidenced by the commitment to "innovation and discovery" in the code of ethics, suggests a culture that encourages flexibility, risk-taking, and exploration of new ideas. This aligns well with the characteristics of an adhocracy, where employees are empowered to take initiative and pursue novel approaches to problem-
solving
.
5. Based on the evidence seen in part 2, write a 5-7 sentence paragraph describing what ethical theory they seem to follow (virtue ethics, utilitarianism, or deontology). Support your answer with
specific examples from the code of ethics.
Based on the evidence from the code of ethics, 3M Company seems to primarily follow a virtue ethics approach. The emphasis on fostering values such as integrity, respect, responsibility, and innovation, as outlined in their code of ethics, reflects a focus on developing virtuous character traits within employees.
For instance, the code underscores the importance of "integrity in all we do," highlighting a commitment
to ethical behavior as an inherent part of the company's identity. Unlike utilitarianism, which prioritizes outcomes, or deontology, which emphasizes adherence to rules, virtue ethics focuses on individuals' character and moral virtues, evident in 3M's code of ethics, which focuses on cultivating virtuous behavior among its employees.
6. Based on this organization’s code of ethics, write 2-3 sentences in response to each question.
Do you feel they are reasonable and employee-
centered? 3M has a strict policy that is organization-centered. Although reasonable, there is little room for dialogue. Do any of the policies give you concern? None of the policies is a cause for concern. Although strict, the policies are not extreme. Would you want to work here? Why or why not?
No. I would not want to work here due to the strict policies used by the firm. I feel there should be more inclusivity. What additional information would you find useful before making a decision to work here or not?
In addition to the disciplinary action, what are the available arbitration measures? What is the tolerance level, especially for genuine mistakes? Step 3. Refer to the checklist below throughout the writing process. Do not submit your Touchstone until it meets these guidelines.
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Did you select a code of ethics from the ones listed above
and read it carefully in its entirety?
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Did you locate each topic in the code of ethics and describe it in your own words?
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If any policy is missing, did you explain in your own words why they may not have included a policy and what problems may occur because of this?
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Did you answer all of the subsequent questions using both language from the code of ethics and the concepts and terms covered in the tutorials?
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Did you meet the length requirements for each question?
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Did you review the rubric and compare your assignment with the rubric to ensure all elements have been addressed?
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Did you read through your assignment to ensure no grammar errors exist? Did you use spell check?