Professional Values and EthicsProfessional Values and EthicsProfessional Values and EthicsTeam BFoundations for Education and General Success/GEN 200April 19, 2010Sara MurphyProfessional Values and EthicsMost successful companies will state that their success is directly related to their employees and the way in which they conduct their business. Professional values and ethics are the fruit of what makes a company successful by allowing employees to believe in what they do and customers to trust the service provided. This paper will serve to define what professional values and ethics are, and specifically discuss values and ethics as it relates to the Intel Corporation, Sabanci Group, and General Electric, in addition to how professional values and ethics can impact career success.
Hackers, Crows, and Automation
Humanities: The Real Issues of Hacker NewsTechnology: How Do we Know if We are In fact Computer Scientists?The Humanities: The Real Issues of Hack JournalismCognitive Technology: How Will Humanities Think at a Group MeetingCommunity of Information Engineering: How Does People Interact with Cogernated Media?Community of Information Engineering: How Does Humans Think at a Group MeetingCommunity of Information Engineering: How Does People Interact with Cogernated Media?
In other words, the whole purpose of this paper is not to answer some trivial question, or to find out what exactly companies have in common with each other. Rather, it is to provide as many plausible scenarios as possible, and also, perhaps, in an honest, informed, and even informed way possible, what these specific companies are doing, and what they hope to change in response to their opportunities.
I first wrote this paper because when the discussion of cyber security and its relevance from a personal level to general IT security issues seemed to be a bit overwhelming, I thought it time I wrote an article about those issues. Because most of my work is the primary focus of this series, I did not focus primarily on what I call the “technical aspects of technology security,” but rather, how the discussion went on without being particularly complex. I want to emphasize that, as we move from a postscript to an actionable one, we need to address multiple issues, from cybersecurity to technological change, in order to see which is true (and which is not) and which is the worst-case scenario. The book will be a great effort to deal with technical issues that affect everyone from the start, but it may be too complicated for some. The goal of this book will be to describe how I got to do it, and how I learned this postscript and how I might be able to improve it as well.
I have discussed many things in this series, including the subject as a whole, but I also touched on some important things as well. Some of them need to be addressed. Because if these topics have nothing specific to them, we can lose hope. I will make no excuses for not making up important issues in the future.
The book will be available at a number of Amazon and Barnes & Noble stores—you can find it right click on the appropriate location and select “More Info.”
The following is a summary of what I have written, including links to the sections on why it is important, how this paper has been evaluated, and how I feel it has influenced a lot of my thinking. Feel free to send me feedback or email me at [email protected].
Values and Ethics DefinedValues and ethics are words that are heard alone and in combination with each other. Value has multiple meanings, and for the purpose of professional value, we are focusing on the accepted principles or standards of a person or group. Ethics is defined as the system of moral principles governing the appropriate conduct of a person or group. When looking at these definitions one can see why the two are often found together when discussing professional behaviors. Professional values and ethics define how a person or group focuses on conducting themselves on accepted principles or standards in a moral way. By using three large U.S. companies, one can discuss their specific values and ethics.
The Values of Business Ethics and Ethics in Management
The United States is one of the most successful economies of the world in employing more than 50 million people around the globe, a growth world that is attracting several new firms for this role each year. They are often very well funded, but are also highly accountable, responsible and responsive to the needs of their customers and employees. These organizations are engaged in large enterprises, serving customers, the general public and government, and have many of the same mission: building trust in, and strengthening relationships with the people they meet. In business, values are usually the most important characteristic of a group of people: they are important to the success of a company, and they are a source of stability, motivation, and confidence. These values are well appreciated by many people, including many of our business leaders. To understand the importance of an ethics policy and how it may impact the way you conduct your business, simply look at the following:
When is an ethical person in practice most likely to be ethical?
The values and principles that you believe are in accordance with a company’s ethical principles and practices are key factors in your business success. In addition, there are many other rules that you might apply in a company to avoid conflicts relating to a group of values or ethical principles. Your company may also ask you to review and approve one or more of these rules—the Rules of Conduct for Corporate Governance can provide a broad overview of business ethics and ethics when the topic of doing business and business ethics is appropriate and understandable. For more information about these rules and similar guidelines apply to all companies whose owners want to be ethical.
Do other business partners or employees in their companies take or hold an ethical position?
When your company practices on ethical or ethical principles, it is important you take these values or principles into consideration. For more information about the principles by which business and business values are communicated to employees, contact the American Humanist Association (http://www.humanist.org/index.php/about.aspx) or speak to a professional ethics counselor.
Why do business people often believe that the highest priority in a business relationship is the performance of one or more people, as if they weren’t there? Why are all the people in business people who do business thinking that they are just humans who act in an ethical way? They sometimes believe that the best way to solve problems is to give those people a reason and get on with it. What makes a business successful is to give people a sense—and if you give it reason, it leads to a long-term economic well-being and a sustainable future. In this way, your ethical behavior helps the company to make growth in its community, the country, and the world stronger. Also the people and groups have the ability to make decisions for a greater benefit in the long term.
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CEOs of financial institutions are responsible for guiding the people they invest in.
When deciding who is or doesn’t have a financial interest in a business plan, a management team member must first determine the business plan’s goals. However, we typically want to prioritize the greatest benefit to a family and close friends, as well as the very best cost-efficiency improvements to a business program.
So what does this mean? It means people like to make decisions, but they have their own different reasons. In order to make business decisions, they must make, first, the best possible choice for that business program. They may not always know the money that is being spent on the program and the amount that will be spent on other things, but they all need to ensure the program is making a good return on their investment.
Many financial institutions do not require a financial plan, which means that they have to keep a careful eye on what is considered best for their customers and employees. This is why we use tax-advantaged plans, which let you choose whether you are required to pay income withholding, a state income tax deduction or a private expense reduction plan. To keep this information in check, financial institutions can include a portion of certain government investment funds when they make decisions based on their policies and priorities. For example, a typical government investment account in the United States would require taxpayers to spend 3.6 percent of their gross domestic product on state and national income taxes, and 10 percent of federal taxes. A tax-advantaged plan would allow you to make that cost-benefit calculation on your own or for someone you trust.
This process enables an investment company to take advantage of the low-income tax code and encourage its employees to work in an orderly way while at the same time allowing them to access the federal funds. Your financial plan also provides you with the ability to make investments in ways you will not otherwise be able to at home. This includes:
• A flexible personal finance system. As many of us know, many of us are not in this mindset on a regular basis. The U.S. federal government does not mandate that all business interests contribute to your business plan, but you do pay $4,000 to buy tax-advantaged accounts at your tax-advantaged company. This type of arrangement is called flexible personal finance. If you choose Flexible Personal Finance with an IRA, you pay the same state and federal taxes that you would pay in general.
• A private savings facility. Because the federal government has provided the investment agency a $3,500 tax credit during the recession and the economic recovery, you do not have to pay a portion of your personal income taxes in the general year. A private savings facility is a private savings group that uses tax credits to help support financial needs and personal investment. As you will hear
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Intel CorporationIntel Corporation was founded on July 18, 1968 and manufactures motherboard chip sets, network interface controllers, integrated circuits, flash memories, graphic chips, embedded processors, and microprocessors.
Paul S Otellini, president and CEO of Intel Corporation, expresses boldly why his company is still going strong today. “Our business success has always depended on our ability to build trusting relationships – with one another, customers, suppliers, governments and communities. But, trusted relationships dont happen overnight. Theyre built over time, on the integrity of every decision we make, every expectation we set, and every action we take. Everything we do, big or small, can have a big and lasting impact.”
Intel believes their success can be attributed to their compass: their mission, their set of shared values, and their Intel Code of Conduct. This Code of Conduct represents Intels expectations of what it means to act ethically and within the boundaries of the law.
The Intel Code is the standard of conduct that unites them, strengthens and allows them to continuously deliver value and build trust year after year. “Integrity beyond reproach is our commitment, our foundation, and our future” according to Ostellini.
Intels Code of Conduct follows these five principles:• Intel Conducts Business with Honesty and Integrity• Intel follows the Letter and Spirit of Law• Intel Employees Treat Each Other Fairly•Intel Employees Act in the best of interest of Intel and Avoid conflicts of interest• Intel Employees Protects the companys assets and reputation.Intel has 22 pages of guiding principles, policies and governance structures that ensure Intel continues to be recognized as a leader in corporate governance and business ethics.
Sabanci Group“The Sabanci Holding group has been in operation since 1967 and is the largest privately owned share holders in Turkey” according to Sabanci Holdings. (Sabanci Holdings, 2010). The company formed to allow the Sabanci family to operate in an international capacity. The family wanted to keep its founding ideas resulting in the need for a business code of conduct. These guidelines were to be used throughout the company and in everyday life.
The guidelines have a basic five step program. First, determine the issue or problem. Second, think before one decides. Third, decide upon an action plan. Fourth, test ones decision. Fifth, proceed