Management 14th Edition by Leslie Rue,Lloyd Byars ,Nabil Ibrahim

Exercise 23

Code of Ethics
Most companies develop a code of ethics to help managers respond to different business situations. A code of ethics is a written document that outlines the principles of conduct to be used in making decisions within an organization. Managers should be aware, however, that merely establishing a code of ethics does not prevent unethical behavior. To be effective, ethical codes must be enforced.
You are president of Acme Corporation, which produces and markets copy equipment. You are planning to develop a code of ethics for your president of the company. Prepare an outline of topics that you want to include in the code of ethics.
Questions
1. How difficult was it to develop a code of ethics?
2. Do you feel that a code of ethics can be used by a company or is it just something nobody pays any attention to?