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Statement of Our Core Values Company Vision Principles Values Mission Company Principle 1 [word or phrase] Company Principle 2 [word or phrase] Company Principle 3 [word or phrase]

Statement of Our Core Values Company Vision Principles Values Mission Company Principle 1 [word or phrase] Company Principle 2 [word or phrase] Company Principle 3 [word or phrase]

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Please answer the following (refer to the picture.)
Instructions: Imagine that you have just set up your own small business, and you have become its General Manager. Based on the ideas contained in the two paragraphs above, write out a simple Company Code of Ethics that you and your company shall live by from now onward. The following is a suggested format: Statement of Our Core Values Company Vision Principles Values Mission Company Principle 1 [word or phrase]. Company Principle 2 [word or phrase] Company Principle 3 [word or phrase]
Transcribed Image Text:Instructions: Imagine that you have just set up your own small business, and you have become its General Manager. Based on the ideas contained in the two paragraphs above, write out a simple Company Code of Ethics that you and your company shall live by from now onward. The following is a suggested format: Statement of Our Core Values Company Vision Principles Values Mission Company Principle 1 [word or phrase]. Company Principle 2 [word or phrase] Company Principle 3 [word or phrase]
"When businesses and market economies function properly and focus on serving the common good, they contribute greatly to the material and even the spiritual well-being of society. Recent experience, however, has also demonstrated the harm caused by the failinas of businesses and markets. Alongside their benefits, the transformative developments of our era-globalization, communications technologies, and financialization-produce problems: inequality, economic dislocation, information overload, financial instability, and many other pressures that interfere with serving the common good. Nonetheless, business leaders who are guided by ethical social principles, Ilive through virtueș and illuminated for Christians by the Gospel, can succeed and contribute to the common good. Obstacles to serving the common good come in many forms-corruption, absence of rule of law, tendencies toward greed, and poor stewardship of resources-but the most significant for a business leader on a personal level is leading a divided life. This split between faith and daily business practice can lead to imbalances and misplaced devotion to worldly success. The alternative path of faith-based "servant leadership" provides business leaders with a larger perspective and helps them to balance the demands of the business world with those of ethical social principles, illumined for Christians by the Gospel. This is explored through three stages: seeing, judging, and acting, even though it is clear that these three aspects are deeply interconnected."
Transcribed Image Text:"When businesses and market economies function properly and focus on serving the common good, they contribute greatly to the material and even the spiritual well-being of society. Recent experience, however, has also demonstrated the harm caused by the failinas of businesses and markets. Alongside their benefits, the transformative developments of our era-globalization, communications technologies, and financialization-produce problems: inequality, economic dislocation, information overload, financial instability, and many other pressures that interfere with serving the common good. Nonetheless, business leaders who are guided by ethical social principles, Ilive through virtueș and illuminated for Christians by the Gospel, can succeed and contribute to the common good. Obstacles to serving the common good come in many forms-corruption, absence of rule of law, tendencies toward greed, and poor stewardship of resources-but the most significant for a business leader on a personal level is leading a divided life. This split between faith and daily business practice can lead to imbalances and misplaced devotion to worldly success. The alternative path of faith-based "servant leadership" provides business leaders with a larger perspective and helps them to balance the demands of the business world with those of ethical social principles, illumined for Christians by the Gospel. This is explored through three stages: seeing, judging, and acting, even though it is clear that these three aspects are deeply interconnected."
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