Business Ethics Research Paper Example | Topics and Well Written Essays - 2500 words

Business Ethics - Research Paper ExampleIn order to gets sufferance from the government as rise up as the bodies controlling policies and laws, governing bodys have to accept and follow certain rules and regulations and check certain standards in the work act. A collaborative study of these regulations, laws and issues mountain be termed as traffic ethics. Ethics is always concerned with the moral judgment of business. Every business or organization expects to be in the good books of the government as well as regulatory bodies. Decisions in an organization ar taken by higher management but these decisions are always influenced by the culture of the gild as well as the external environment in which the partnership operates. Involving in ethical process might seem difficult and lead to cutting down of short-term profits, but it is very requisite for a successful and sustainable long term growth of the organization (Chang, 2011). Companies can significantly profit from posit ive corporate social responsibility and ethical bearing Customers are attracted to the products and services of the firm, thus, profits and gross revenue get a boost. Employee erudition towards the organization becomes positive and loyalty increases. Thus, there is a decrease in labor turnover and overall increase in productivity. As a result of the positive perception growing popularity of the organization, skilled talents are attracted and recruitment costs are reduced significantly. The share price of the company increases and investors are constantly attracted and business is always in growth phase. TOYOTA COMPANY Toyota is one of the largest automaker in the world, headquartered at Toyota, Japan. In terms of revenue, Toyota is the eleventh largest corporation worldwide. The company was founded in 1927 and deals with the manufacturing and production of commercial vehicles, automobiles, engines and motorcycles (Toyota, 2013a). apart(predicate) from global leadership in vehicle manufacturing, the company is known for its participation in ecological campaigns and sustainable environment issues. The company believes in theory and practice of sustainable development. Toyota practices total quality management in all its operations. The objectives are to least impact the environment. For creating a sustainable environment, the company has established a plantation programes (Toyota, 2013e). Apart from this, the company is involved in many ecological campaigns and environmental management programes. The organization has been awarded with unlike awards such as Green Awards (Toyota, 2013d). ETHICS AT TOYOTA Toyota is one of the well recognized conglomerates worldwide. It is imperative that the organization maintains a record of all its transactions and business acts. In this regards, proper maintenance of ethical behavior in the organization is critically important. Quality and ethics are the benchmark for the sustainability of the organization as well as growth and development of the supply chain and other important department of Toyota (Toyota, 2013b). Both philander a crucial role in the strategic plan of the company. Since it is a vehicle manufacturing company, safety of the consumers volition be the top-most priority while designing and manufacturing products. On a broader term, the business ethics for the company can be applied in three major areas designing and man