1 / 9

A Comparative Analysis

A Comparative Analysis. Ethical Stances Johnson & Johnson Dow Corning. Management Ethical Stances. First responsibility of J&J is to its customers and finally to its Shareholders

pepin
Download Presentation

A Comparative Analysis

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. A Comparative Analysis Ethical Stances Johnson & Johnson Dow Corning Case 1

  2. ManagementEthical Stances • First responsibility of J&J is to its customers and finally to its Shareholders • Management espouses to a living Credo “We are Responsible” as a blueprint for long term growth and sustainability since 1932. Created by and for a family run business but still in place since its incorporation. • Long standing commitment to the people who use their product overrides the commitment to Shareholders • Strong belief that sticking to values set (serving the well-being of people) will lead to fair share for all stakeholders Case 1

  3. ManagementEthical Stances • Ethics and Compliance at Dow Corning is to be • Lawful • Highly Principled • Socially Responsible • Values listed by Management • Integrity • Respect for People • Protecting the Planet Case 1

  4. Company Credos Compared Level of Established Ethical Focus LOW HIGH Level of Commitment to Credo LOW HIGH Case 1

  5. Series of StepsforDow CorningManagement Case 1

  6. Johnson & Johnson • 7 deaths in Chicago area due to Tylenol laced with cyanide • FBI informs J&J it is unlikely that products elsewhere are contaminated • J&J remove Tylenol from every store in the USA, costing them $150 million Case 1

  7. Inside Look: Johnson & Johnson Ethical or Legal? • Johnson & Johnson actions represent a company that wish’s to behave in what manner ? A) Ethically Or B) Legally Case 1

  8. Ethical Organization and the Reputation Effect • Johnson & Johnson have created an ethical organization by: • 1) Designing an ethical structure • 2) Creating an ethical culture • 3) Supporting the interests of stakeholder groups Resulting in what is known as The Reputation Effect Case 1

  9. Case 1

More Related