Author Question: Describe how to create and maintain an ethical organization as per the research done by the Ethics ... (Read 83 times)

asmith134 · **on:** Jul 14, 2018

Describe how to create and maintain an ethical organization as per the research done by the Ethics Resource Center.

Question 2

Balance of payments is a much broader concept than balance of trade.

Indicate whether the statement is true or false

joanwhite · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

Research from the Ethics Resource Center (ERC) suggests that organizational culture has more influence than any other variable on the ethical conduct of individual employees. According to the ERC, key elements of a strong culture include displays of ethics-related actions at all levels of an organization and accountability for actions. The impact of these elements can be dramatic.
ERC research showed that companies behave differently during economic difficulties. The decisions and behaviors of their leaders are perceived by employees as a heightened commitment to ethics. As a result, employees adopt a higher standard of conduct for themselves.

ERC research further supports the need for senior manager commitment by showing that when employees perceive more management commitment, they tend to be more fully engaged. More engaged employees are much less likely to behave badly, and much more likely to report others who do, which dramatically lowers the risk for the company.

Answer to Question 2

True