Comparing Two Companies Research Paper Example | Topics and Well Written Essays - 750 words

comparability Two Companies - Research Paper ExampleHaving been the fourth prison term for American Express to receive this designation shows that there is uniqueness in the corporate ethics of the company. The company has a post known as the Chief Ethics & Compliance Office. The officer in this position is responsible for ensuring that there is a cargo by the company to ethics. This commitment is also ensured from the top administration to every level up to the bottom. The Johnson & Johnson community has a esteems-based ethical culture. The company is mainly guided by the credo which is a training and counseling manual. This manual was created by the Josephson Institute of Ethics. The principles that guide the companys ethics atomic number 18 on a stone at the companys headquarters in New Brunswick. The values inscribed in the credo lay down the companys base of operations. This has the implication that staff compliance to the corresponding determines the success of the comp any. While many companies have a corporate compliance office headed by the school principal compliance officer or the Ethics Officer as exemplified by the American Express, this is non the chemise at Johnson & Johnson. The reasoning behind the exemption of such an office is that every staff member should value themselves at the sole guardians of the ethical principles as stipulated in the credo. In every meeting or conferencing of the company, time is set aside to discuss the credo. The American Express is guided by an integrity strategy with impress to corporate ethics. This is seen through its promotion of high standards that guide business behavior. It has a sound ethical surround that results in profitability. As observed, there is no ethics compliance office which makes every employee accountable for their statute of ethics in all business operations. Profits have been recorded every year receivable to the fact that every staff member does their level best in a non-condit ioned behavior to prolong the ethics of the company. It is an integrity strategy because each employee must conduct themselves with integrity under no command when it comes to stick aboutnce to the code of ethics. The assumption is that when such ethics are leveled regardless of the level of employees, all happen that they have the same responsible in a bid to give away the company. The company expects all employees including the executives to adhere to the set out codes of ethics with the same zeal. At Johnson & Johnson, it is more of a compliance strategy. The principles are place out in the credo which is supposed to be followed religiously. This puts pressure on employees to do everything possible to not only hit the numbers, but to also keep their jobs. This is the reason that Johnson & Johnson has been recording losses and more so, having legion(predicate) lawsuits. The lawsuits are a result of products gone back and therefore not effective to customers. Perhaps employe es are busy trying to follow the credo and the management pressure to deliver profitability. While the balance in the midst of patients and profits is tricky, a compliance-based kind of statement of principles may not work effectively. The observation is that compliance standards do not work well in the pharmaceutical business. The American Express company has a better Corporate Ethics Program compared to Johnson & Johnson. Firstly, it is self-motivating in that employees are their own guardians. Staff members therefore feel a sense of self-responsibility towards bettering the company. The result is that profits are