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Can be the Code of Ethics an Important Piece of the Big Picture Companies’ Puzzle?

In: 10th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2018 | 20-21 April 2018 | Suceava – Romania

Author

Listed:
  • Valentin Calinovici

    (PhD student, Faculty of Philosophy, University of Bucharest, Romania)

Abstract

The aim of this paper is to analyze the relevance of a Ethical Code for the efficiency and healthy developement of a business company. I know that a lot of work is required for this code to be fulfilled and a lot of studies reveal that companies need the percept and the values stated by ethics codes in order to have a healthy development. But if it does not comply with the code of ethics, what happens? These are not such laws in order to be able to suffer the consequences immediately, but are just recommendations for better development. Can a company grow in the absence of an ethical code? A company's activity is a compendium of factors that work to fulfill its purpose or in a related way. A component factor in this compendium is also ethics, transposed by the company's code of ethics. It is true that a company is a very complex compendium of factors that interact in order to generate the purpose of its being. But a theoretical point of view, like those stated in a ethical code,can be really helpful? In 1985 – 2001, Enron Company was one of the most innovative and appreciated company in the USA. However, this company has developed all these years only with few influences by its ethical code. Enron began to violate ethical values much more 5 years before bankruptcy. For five years, the company did not feel that breaking these values, the company's overall status is on a negative trend. Certain management mistakes have led the firm to bankruptcy, but if it can be considered a cause of bankruptcy failure to observe the code of ethics, why has it been so many years that these consequences take effect?

Suggested Citation

  • Valentin Calinovici, 2018. "Can be the Code of Ethics an Important Piece of the Big Picture Companies’ Puzzle?," Book chapters-LUMEN Proceedings, in: Antonio SANDU & Tomita CIULEI (ed.), 10th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2018 | 20-21 April 2018 | Suceava – Romani, edition 1, volume 5, chapter 4, pages 40-48, Editura Lumen.
    • Handle: RePEc:lum:prchap:05-04
    DOI: https://doi.org/10.18662/lumproc.33
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    More about this item

    Keywords

    Code of ethics; utility; time; influence; relation;
    All these keywords.

    JEL classification:

    • A3 - General Economics and Teaching - - Multisubject Collective Works
    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

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