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Techfite Case Study Business Ethics

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Task 1 A: Corporate Policies 1. In order to pass a decision by executives of TechFite, a company-wide survey will go out to gage the thoughts of the employees and give them a voice in all important decisions. 2. The bonuses paid out to top executives will be paid out on a sliding scale based on a ratio of money paid forward to the community and profits of the company. 3. TechFite will began to set aside money out of profits to encourage community growth and offer incentives to employees for involvement with volunteering in the area. A1: Rational 1. One of the stated organizational goals of TechFite is to encourage and empower its employees in the decision-making process of the company. By taking steps to implement this first policy the voice …show more content…

In an organization that is going through problems with money, big bonuses being paid out to executives will only serve to hurt the public image of the company. If one of the ideals that the company exposes is its involvement with community improvement then steps need to be taken to show you are putting as much money into the community as is reasonable. By tying the money to a concrete value like profit, it is easy to say we made this much money so we know 10 percent of that value goes out as bonus and 15 percent of that goes back to the community that supports us. 3. The final stated policy addresses the, to this point, empty promises made to the community. If as a company we cannot follow through on the basic promises we made, there is no way to move forward that doesn’t make TechFite look worse. By not only setting aside money, but also encouraging employee to go out and help make the work happen, TechFite is showing that its willing to step up and take an active role in the community instead of a passive investment role. A2: Ethical Versus …show more content…

A company that has a good reputation is much more likely to build up brand loyalty from the people in that community, and TechFite is failing that on a few fronts right now. 1. TechFite made empty promises that to do work in the community they could not meet. 2. TechFite is not able to keep its workers about the 40 hours a week line that they need to receive benefits 3. Bonuses are still being paid out to executives even though other commitments are not being met B2 and B3: Courses of Action and why they are the Responsible Choices 1. In order to address the issue of TechFite making empty promises to the community and move back towards the ideals of CSR for a company TechFite can take a few steps. By opening up an open line of dialogue with the community and keeping them updated on how much money they are able to provide for certain projects they will be able to start rebuilding that trust. They can then move forward by doing their best to also ensure that they go above and beyond those promises to show their commitment to the towns environment and its

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