What are the two meanings of “corporate ethics” in organization today? What does each definition imply for IT practices? How does the economic environment affect this? “Corporate ethics” in organization today means firstly, it is the compliance with a set of legal and minimum standards and secondly, it refers to defining a set of corporate values that are integral to how they do business. Choices were made base on the economic environment at that moment hence affecting any decisions made.
If the economic was good during that time of period, it is much easier to practice “corporate ethics”. However, if the economic was bad at that time of period, it is hard for the company to practice “corporate ethics” as they need to earn more profit to sustain themselves in the bad times and this was usually done in an unethical manner. 2. How does IT provide more opportunities for difficult ethic issues to arise? How does IT help address those opportunities? Use examples from the case to Justify your answer.
Information technology provides more opportunities for difficult ethic issues to arise as Information technology allows the reduction in both budget and staff. Policy decisions at the very senior level need the sensitivity that IT experts can bring to the table. CICS will know the capabilities of Information Technology and that the misuse of those capabilities will result in a difficult ethical issue. Information technology can also help address those opportunities too.
Policy table. Information can build systems that monitor, protect and prevent potential issues that could arise. Hanson has used Information Technology to screen for potential ethical issues. “IT today can screen potential subcontractors and vendors to see if they share a certain values”. The certain values in this case refer to the same ethical values as the company. 3. Should organizations pursue high ethical standards regardless (or in spite of) their bottom-line impact?
Or should they limit themselves to those scenarios where good ethics make for good business”? In my opinion, it is not practical to purse high ethical standards regardless of their bottom-line impact. Every company needs to sustain its business regardless of anything. The main priority of a business company is to earn profit and be sustainable. If the company could not even sustain its business, how does it pursue high ethical standards in the first place? Thus they should limit themselves to those scenarios where “good ethics make for good business”.