ACCT 001 Chapter 8: ACCT 1 - Chapter 8 notes
21 Sep 2020
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Document Summary
Improving the system that encourages employees to make more ethical decisions differs little from implementing any other type of business strategy. Implementation requires designing activities to achieve organizational objectives using available resources and given existing constraints. Implementation translates a plan for action into operational terms and establishes a means by which an organization"s ethical performance will be monitored, controlled, and improved. A firm"s ability to plan and implement ethical business standards depends in part on how it structures resources and activities to achieve its ethical objectives. People"s attitudes and behavior must be guided by a shared commitment to the business rather than mere obedience to traditional managerial authority. Encouraging diversity of perspectives, disagreement, and the empowerment of people helps align the company"s leadership with its employees. If a company determines that its ethical performance has been less than satisfactory, executives may want to reorganize how certain kinds of decisions are made.
