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Ethical Analysis about Tyco
Ethics are principles or standards set and followed in organizations in order to promote values such as fairness, trust, integrity, and kindness. Different organizations have set standards that match their industry and operations. The following essay will analyze the ways Tyco Limited enforce an ethical culture. The essay will also explore the various strategies the company has set in place to ensure that employees adhere to rules and regulations. The essay will also examine how the strategies adopted by Tyco foster superior ethical environment.
In the past, Tyco leadership received criticism on failure to uphold ethical standards. For instance, in 2002, investigations by the Board of directors revealed that the then CEO Leo Dennis Kozlowski had been involved in fraudulent accounting and reporting. The scandal ruined the company’s reputation largely. To recover the goodwill lost, the company has developed an ethical guide. Today, it has established four critical values.
The company places emphasis on the ethical values of integrity, excellence, teamwork, and accountability amongst its employees. There is a requirement for every employee to uphold integrity and perform their duties with due diligence (Carroll and Ann 9). The employees should show responsibility by being accountable of roles assigned to them. Additionally, they are required to work in teams and respect the diversity of the members in the team.
The company ethical framework is enhanced by the hiring, recruitment and promotional strategies adopted. Indeed, it complies with the existing regulatory frameworks regarding the recruitment process. Tyco offers equal employment opportunities to the job seekers. The recruitment and hiring process is non- discriminatory (Berrone et al., 45). There is fair treatment to all despite the color, sexual orientation, gender, sex, disability, origin, and other variables. The hiring and recruitment process facilitates matching the job specifications with qualifications. Therefore, relevant qualifications form the bases of selection. As a result, the company conforms to the regulations issued by equal employment opportunity laws, environmental laws, applicable civil rights, and civil laws.
The conduct of employees and the structures established in an organization are critical in enhancing ethical standards. Tyco places restrictions on the conduct of the employees. There are exclusions for employees to telecommute. However, there are exemptions. The company bars employees from engaging in businesses that compete with Tyco core business in cases when provision to work from outside the firm is granted.
In addition, the guide requires that no property should be used to accomplish tasks that are not related to Tyco’s core business. Extension of promotions, pays, and benefits is fair in Tyco. Moreover, a prohibition exists to restrict employees from hiring and supervising family members and close relatives. There are exemptions to the restrictions when there is an explicit go-ahead (Berrone et al., 37-42). The company continues to invest in training in order to meet the employees’ training needs. All employees have equal training opportunities. In addition, the company has a non-discriminatory transfers and work force reductions structure. It bases transfers and workforce reduction on the bases of experience, span of control and proportion of the income earned.
Transparency is significant in upholding ethics in a company. The company encourages transparency. The company has existing procedures for individuals to report unethical instances. It encourages employees to report the incidents by treating them as confidential. Furthermore, a free toll line is available to the employees reporting on such matters. There are substantial consequences on failure to report any known violations to the ethical guidelines.
To promote the welfare of the customers and the employees, there is a substance- free work policy in Tyco. Indeed, it does not permit its employees to work while under the influence of any substance. Moreover, it prohibits any transactions of illegal drugs and other drugs that may affect the normal working conditions of an employee within the premises (Boatright 14).
At the public relations level, the press releases made by Tyco suggest the company’s commitment to present fair, honest, and accurate financial statements. The company has set strict disciplinary actions to the violators of the commitment. Internally, the company administers disciplinary actions to employees suspected to perpetrate frauds. As a result, the financial statements continue to gain credibility among the outsiders. Tyco ethical guide insists on integrity (Boatright 14). The company employees should uphold high levels of integrity. The guide bans employees from taking bribes and manipulative gifts from the business partners.
Fair business practices communicate an ethical organization to the public. The company endeavors to adopt fair business, advertising, and competition strategies. Due to the efforts to release only credible information to the customer, the company’s ability to embrace ethics in its operations rates highly among the customers and potential customers.
In conclusion, Tyco fosters ethics in the organization using superior strategies. The company basis hiring, recruiting, promotions and rewards on the employees’ qualifications and performance. Transparency is highly encouraged. Moreover, employees should uphold high levels of integrity and avoid taking bribes and gifts from the business partners. At the PR level, Tyco communicates an ethical culture to the public.
