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    Practical Connection PCA

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    duncan

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    © All Rights Reserved
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    Practical Connection PCA

    Uploaded by

    duncan
    6 views3 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6 views3 pages

    Practical Connection PCA

    Uploaded by

    duncan

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Studying Business Ethics, Corporate Governance, and Social

    Responsibility course has equipped me with invaluable knowledge and

    skills that would be critical to navigating the complex working

    environment that presents difficult business decisions with ethical or

    moral considerations. As a prospective future manager, I understand that

    most business decisions present ethical dilemmas as they border grey

    areas where it can be challenging to conclude whether a decision is

    ethically right or wrong. However, with the knowledge and ethical

    concepts learned from this course, I will capably oversee the integration

    of ethics and good governance into strategic business decisions in my

    future company.

    In this course, I have learned that it’s important to encourage

    positive behaviour and instill codes of conduct in an organizational

    environment that would empower employees to make good choices

    whenever they are faced with complex business decisions of different

    types of risks that have ethical issues. Given that a business

    organization does not operate in a vacuum, its business decisions can

    have different implications for its investors, customers, society and

    employees (Ferrell et al., 2022). Therefore, learning this course gives me an

    opportunity to understand how an act could have negative

    consequences and wrong outcomes among interested parties and

    society at large when ethics are overlooked. In the course, I had the

    opportunity to evaluate different scenarios and case studies that have

    developed my ethical decision-making skills, which I will apply in my

    future work environment wherever presented with business ethical


    dilemmas. With ethical decision making concepts, I can lead and guide

    many other employees and various set-up teams in applying the

    principles of business ethics. As a manager, I will encourage our

    employees to be honest with our clients and ensure fair treatment to all

    while making decisions that are in the best interest of all business

    stakeholders. This will give birth to a culture of ethics within our

    organization where trust, respect, and integrity are the cornerstone of

    every decision.

    From this course, I have learned that a business should engage in

    social responsibility causes that contribute well-being of the society to

    promote its public image. Social responsibility goes beyond legal

    compliance and profit-making to address the broader needs and concerns

    of stakeholders, such as employees, customers, suppliers, the local

    community, and the environment (Ferrell et al., 2022) . As a manager, I will

    encourage my orgazation to participate in solving problems that the

    society faces within our location that are relevant to our organization and

    stakeholders. I will also that social responsility strategy is integrated nto

    our organization's mission, vision, and values. This involves setting

    objectives and key performance indicators that align with social

    responsibility goals and integrating these goals into our organization's

    business plans and activities.

    For the success of any business, strong corporate governance

    should exist to encourage ethical and responsible behavior of an

    organization. Corporate governance refers to the system of rules,


    practices, and processes by which a company is directed and controlled.

    strong corporate governance helps an organisation to establish code of

    ethics as well as assist in setting clear guidelines for decision-making

    (Ferrell et al., 2022). With knowledge how to implement good governance, I

    will make sure that our organization has strong governance structures

    that will help establish a code of ethics that outlines the organization's

    values and expectations for behavior, as well as training programs to help

    employees understand and follow those standards.

    References

    Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2022). Business ethics: Ethical decision making

    and cases (13th ed.). Cengage Learning.

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