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Business Ethics |
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3. The 10 Benefits of Business Ethics
4.1. The Impact of Business Ethics on Nestlé
4.2. Nestlé’s view on Business Ethics
4.3. The Implications of Business Ethics on Stakeholders
Every business has the power through their ability to spend vast amounts of money. They have the ability to change or enhance situations in which many common individual does not. As organizations may affect some people, they have obligations to their employees, consumers, community and the outside world. They have the responsibility to manage or control the business in a way that it won’t harm and in which, positively benefits as many people as possible and themselves. This sounds simple, it is "easier said than done!" as there will always be a conflict of interest between various groups of people. Any decisions made by businesses need to be made with an informed awareness of the specific situation and then act according to some sort of system of principals, which is Business Ethics.
Business ethics is exactly the same as normal ethics, and that knowing what is right or w
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Below are additional random excerpts from the paper...
All information for this was ascertained at the Nestlé web site http//www.nestle.com. Nestlé’s view on Business Ethics Nestlé’s view on business ethics is one of great importance. As you can see from their web site www.nestle.com this is one of their major focal points. Nestle, like many other businesses have created what they believe to be a comprehensive ethical policy or codes of ethics, in plain they are lists of what they believe is ethical behavior and how they should behave. However, the existence of a code of ethics may not guarantee that the company will conduct itself ethically. Ethics codes are often drawn up in response to scandals and to protect the name of the company, and then this only state its legal responsibilities and the conduct it expects from its employees, rather than listing any ethical principals and aspirations that it holds. The emphasis has often been on the company setting standards for the employees to meet, so it will not be caught breaking the law, rather than realizing that the company itself needs to be guided in its business conduct. Nestle have got an ethics policy from legislation to child labor, they have covered every single topic they believe comes under the word of ethics. Nestle believe that every single area of their business needs to have an ethics policy in which they should be able to follow, as they are a global company and their arms stretch to many different area's. Nestles Global Commitment and Responsibilities Since Henri Nestlé developed the first milk food for infants in 1867, the Nestlé Company has gained vast experience through its scientific research into the nutritional needs and food preferences of consumers of all ages. No other food company invests so much in fundamental and applied research. The company has been a leading food manufacturer and major purchaser of agricultural raw materials for over 130 years. Food and agriculture are an integral part of the social, cultural, economic and political context of every community. Since Nestlé activities in Switzerland, its country of origin, account for less than 2% of its global turnover, Nestlé learned very early to respect the social, political and cultural traditions of all countries in which the products are produced and sold. They also learned to be a highly decentralized "people and products" oriented company rather than a systems centered organization. Today, Nestlé is the world's largest and most diversified food company, with nearly 500 factories around the globe, producing healthy, enjoyable food products for every stage of life. Quality is the cornerstone of the success of the Nestlé Company. Everyday, millions of people all over the world show their trust in the company by choosing Nestlé products. This trust comes from a quality image that has been built up for over a century. Nestlé carries out its global social responsibility, firstly, by taking a long-term approach to strategic decision-making, which recognizes the interests of our consumers, shareholders, business partners, and the worldwide economies in which we operate. Secondly, our responsibilities and values are reflected by the commitment of management and employees at all levels, to our Corporate Business Principles, which define standards of behavior for all companies in the Nestlé Group, and are intended to complement applicable legislation and international recommendations. P. Brabeck-Letmathe Chief Executive Officer Nestlé S.A. Nestlé Corporate Business Principles From www.nestle.com Nestlé is committed to the following business principles in all countries. Taking into account local legislation, cultural and religious practice: Nestlé's business objective and that of management and employees at all levels, is to manufacture and market the company's products in such a way as to create value that can be sustained over the long term for consumers, shareholders, employees, business partners and the large number of national econ
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