TechFite Company
TechFite Company has thrived well regardless of its performance within the multicultural business environment. Having its employees dedicated towards the organizational culture, the firm has been capable of successfully empowering its individuals through various means with inclusions to leadership development as well as facilitation of workers relations. The organization has again maintained the high levels in remunerating alongside compensating its people based on their contributions towards the endeavors, objectives, and goals of the firm. Furthermore, the organization’s worth-praising concern regarding the environment alongside the general community, through better programs, the firm has intentions of being actively involved in the social activities. Currently, TechFite is experiencing few problems concerning its contributions towards the society in addition to its remuneration activities on its workers. The challenges result from the social as well as ethical obligations regarding the organization. Therefore, the need to involve the corporate policies and social responsibility policies is required to address the old issues facing the firm and to guide it on the efforts concerning demands of the society (Balabanis, Phillips & Lyall, 2017).
Corporate Policies
The corporate policies reflecting the company’s culture as well as the ethical viewpoints include; promoting a positive workplace, compliance with the labor alongside employment laws and discussing in addition to exchanging information with the organizations’ stakeholders, (Balabanis, Phillips & Lyall, 2017). The corporate policies chosen are discussed based on the rationale towards the company’s culture in addition to the ethical and legal issues.
Promoting a Positive Workplace
All workers need to be in the workplace characterized by satisfaction, acceptance, and appreciation. With TechFite Company having its roots in different cultural settings, the company management acknowledges the benefits of laying policies that effectively align with the needs of the company and focusing on promoting the positivity within the workplace. The organization does not tolerate actions depicting discrimination of anyone including age, race, gender, and disability. The firm’s objective regards promoting the highly great workplace which supports trust, integrity, honesty, and responsibility towards each other. Anybody working in the company must contribute towards creation and maintenance of the environmental type.
Compliance with Labor Alongside Employment Laws
TechFite has an objective of maintaining fair and healthful working conditions for the workers with the enduring concern on its well-being being focused through the impeccable corporation culture. The firm considers involving various countries’ labor and employment regulations which differ with regards to the ones within the UK. Different provisions of the statutes support the conduction of several HR activities like hiring, firing, layoffs, compensation, and promotions. The aspects illustrate the ethical consideration to the workers. Therefore, the corporation strictly adheres to the legal issues which can impact the employees through financial and psychological perspective.
Discussing and Exchanging Information with The Organization’s Stakeholders
TechFite culture enhances communication based on transparency, integrity, and honesty. The firm acknowledges the benefit of essential stakeholders like employees, government, shareholders and community members, to be updated on the processes of the firm at all periods. The stakeholder’s aspect assists in maintaining the positive and suitable association between the company and its stakeholders. General, the firm aims at disclosing the information, proposals, and ideas to the stakeholders who can be impacted by the decisions derived from such data. Open communication put stakeholders in right positions concerning decision making made by the company. But the information disclosure shall be restricted not to expose the corporation based on the aspect of confidentiality and privacy.
Purpose of Ethics Officer
The ethics officer of the TechFite organization has a role in ensuring all workers corporate to the given ethical standards and procedures. Any violation of the principal shall be subjected to the discharge or disciplinary action regarding the decision made by the organization’s ethical committee headed by ethics officer, (Boyd, 2017).
The company should provide its workers with incentives in cases where it increases its benefits. The company profits need to be enjoyed by all workforces and not only has the management, but the issue also affected TechFite in addition to other global companies. The misuse of resources becomes another issue affecting TechFite mostly through mismanagement of finances.
Corporate Social Responsibility
Corporate social responsibility regards business regulation incorporated into the business model. Generally, it is a consideration towards the organization’s environmental assessment having responsibility for its policies to ensure social as well as ecological well-being. Again, it concerns with the personal-regulatory model moving beyond the statutory compliance laws, regulations in addition to the legal requirements. CSR also involves the firm incurring costs which have no immediate financial importance to the company though have the long-term impact of promoting positivity within the environmental changes, (Boyd, 2017). CSR is relevant to the scenario being that TechFite is involved with the operations of the society and again funds various projects within the periodic time-span.
Ethical Desirability of Improving Organization’s Reputation
More importantly, corporate social responsibility has immense benefits for the firms which actively get involved in its initiatives. For instance, TechFite has a worth-praising reputation because of the participation it has with the general community together with its projects. The contributions have enabled the organization gain excellent picture which can result in the long-term impact on growth alongside the organization’s profitability. However, the past disengagement concerning the organization’s contributions towards society has faced adverse effects on the company’s image, more so from the perspective of the general public. A good example based on the depiction of adverse impacts regarding lack of CSR initiatives or programs.
With the impact it creates towards the organization, there is a requirement to focus on the matter of solving the challenge that deteriorates the company’s image, even though the firm was forced to withdraw from the CSR program.
Addressing Company Culture and Core Values
Different actions can be involved in polishing the picture of TechFite Company within the public domain. For example, due to the company’s financial challenges, much is required to communicate the organization’s incapability of meeting the timely financial contributions, however, guarantee that anytime it retains its position, and then the program will be maintained. Furthermore, more is required to have effective budgeting techniques in addition to the appropriate fund's distribution for various projects in order to prevent the similar inconveniences, (Boyd, 2017). Taking part in social activities also provides a suitable solution to the problem even though it does not necessarily consider financials. For instance, participating in tree planting activities, donations and cleaning events within the society.
Ethical, Social and Environmental Course of Action
Several campaigns can be done to enhance the image of TechFite. The social media campaigns can impact the TechFite name. Through the involvement of the public in the social activities like tree planting is another effective means of establishing a better association between the people and the company as it continues creating the excellent picture for the firm. The corporation can also organize for the community events like town cleaning and call on for the public to join.
The community activities exhibit social alongside ethical responsibilities of the organization as it improves social as well as environmental well-being without worrying on the costs incurred and the financial gains that it can benefit from due to the initiatives. Moreover, the firm’s efforts like treating its wastes before disposals, controlling its emissions in addition to eliminating the wastages are instances of ensuring more sustainable environment.
Reference
Balabanis, G., Phillips, H. C., " Lyall, J. (2017). Corporate social responsibility and economic performance in the top British companies: are they linked? European business review, 98(1), 25-44.
Boyd, C. (2017). Ethics and corporate governance: The issues raised by the Cadbury report in the United Kingdom. Journal of Business Ethics, 15(2), 167-182.
