Business Ethics and Sustainability

Posted on February 22, 2017

Business Ethics and Sustainability
 
Reward Systems​
 
Discuss the positive and negative impact of performance reviews on employee morale, retention, and business operations improvement. What performance review system (PMS) does your organization use, and how does it impact you? If you presently don’t belong to an organization that conducts performance reviews, look at an organization that uses (or used) the 360° performance review system and explain how it impacts (or impacted) performance in this organization.
 
Measuring Social, Environmental, and Economic Impacts ​
 
Discuss the concept of “value” as it relates to social, environmental, and economic inputs. How is value perceived differently from different stakeholders? When looking at sustainability, why is “value” important? What types of metrics help to quantify “value” for stakeholders? Can organizational learning play a role in improving “value”?
 

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Implementing a Social, Environmental, and Economic Impact Measurement System​
 
The benefits of having a solid reputation are often intangible assets. There is undoubtedly a financial benefit from following a sustainable strategy that can build stakeholders’ confidence in the company. What are a few of the intangible assets your organization or company provides to the stakeholders? If you presently don’t belong to an organization or company, use one from the Kingdom of Saudi Arabia and explain how solid its reputation is in creating a strong bottom line for this organization or company.
 
Implementing a Social, Environmental, and Economic Impact Measurement System (continued)​
 
Describe the factors that influence reputation. Then, define risk and describe what makes up sustainability risks. What risks has your organization taken lately? How did those risks affect the organization’s reputation? If you don’t belong to an organization, select a company in the Kingdom of Saudi Arabia and answer this question based on that organization. Reply to two other students’ posts with your feedback.
 
Improving Corporations for Sustainability (continued)
 
Organizations/companies can find new ways to meet customer needs by rethinking their markets. In order to gain advantages over competitors, companies can differentiate their products and processes to reduce social, environmental, and economic costs or to improve the benefits provided to their stakeholders. What companies (SABIC (Saudi Arabia Basic Industries Corporation)) or organizations in the Kingdom of Saudi Arabia have been rethinking their markets and what advantages do they hold over their competitors? Check www.sabic.com
 
External Sustainability Reporting and Verification (continued)​
 
Analyze the importance of internal and external sustainability audits in corporate sustainability. When should organizations catch their errors? Identify a well-known organization (or a not so well-known one) that has been “caught” in an audit nightmare. What might the corporation have done to avoid a catastrophe? Was the blunder a recoverable one?
 

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