Ethics in ABBOT Pharmaceutical Organization

Business organizations often develop several different policies, rules and guidelines for governing their operations. While home-based or sole proprietorship businesses usually require fewer policies, larger organizations use these guidelines to manage employee behavior. A code of ethics is a common organizational policy used in business organizations. The code of ethics policy usually sets the minimum standards for business owners, managers and employees to follow when completing various business functions. Abbott believes that Corporate Social Responsibility is fundamental to earning and deepening the trust of the people it serves, an integral part of its commitment to improve lives has contributed to a number of humanitarian causes and supported various institutions in various fields including health and education. Ethics use In ABBOT pharmaceutical:

Facts: ABBOT pharmaceutical grows and expands the ethical values can be implemented into
the organizational mission or values statement. This statement helps provide ABBOT pharmaceutical with a compass to guide the organization through the company environment. .

Organizational Mission: ABBOT pharmaceutical may use an organizational mission

statement to create their code of ethics. Once the business owner or entrepreneur leaves the company or passes on, the organization may be devoid of its ethical compass. To rectify this situation, current directors or managers may look at the mission statement and values the organization was started on and develop a code of ethics based on this information. This source of business ethics allows organizations to create a lasting ethical code that may be present in the

Improve Business Relationships: ABBOT pharmaceutical use code of ethics in organization

to improve business relationships. Ethical values are often designed to provide guidance when working with other companies and the general public. These values dictate how businesses handle contract negotiations, customer questions and feedback or negative business situations.

Prohibit Inappropriate Behavior: ABBOT pharmaceutical use a code of ethics to prohibit

inappropriate employee behavior. Inappropriate behavior can include lying to managers or clients, engaging in fraud or fraud, failing to meet specific operational standards or other similar conduct. A code of ethics can help employees understand why these actions are inappropriate and the reasons companies expect better behavioral performance.

Hold Management Accountable: ABBOT pharmaceutical Owner, director or upper-level

management accountability is an important function of a companys code of conduct. These individuals are usually required to exhibit honesty, transparency and integrity in their daily roles.

Not only do these actions set the companys ethical tone, it also keeps individual owners and managers accountable for their actions.

Considerations: ABBOT pharmaceutical often use refresher seminars to continually educate

and inform employees about the importance of ethical behavior. The seminars may also provide information regarding new business policies or past violations of the companys code of ethics. This information ensures that employees have a clear understanding about the importance of ethics and why they should adhere to the companys policy. ABBOT pharmaceutical can use an employee or third-party agency to conduct these refresher seminars or meetings.

Leadership Ethics: ABBOT pharmaceutical provide ethics that leaders in an organization use
to manage employees may have an effect on the morale and loyalty of workers. The code of ethics leaders use determines discipline procedures and the acceptable behavior for all workers in an organization. When leaders have high ethical standards, it encourages workers in the organization to meet that same level. Ethical leadership also enhances the companys reputation in the financial market and community.

Employee Ethics: Ethical behavior of ABBOT pharmaceutical among workers in an

organization ensures that employees complete work with honesty and integrity. Employees who use ethics to guide their behavior adhere to employee policies and rules while striving to meet the goals of the organization. Ethical employees also meet standards for quality in their work, which can enhance the companys reputation for quality products and service.

Ethical Organizational Culture: ABBOT pharmaceutical Leaders and employees adhering

to a code of ethics create an ethical organizational culture. The leaders of a business may create an ethical culture by exhibiting the type of behavior they'd like to see in employees. The organization can reinforce ethical behavior by rewarding employees who exhibit the values and integrity that coincides with the company code of ethics and disciplining those who make the wrong choices.

Benefits to the Organization: ABBOT pharmaceutical provide positive and healthy corporate
culture and improves the morale among workers in the organization, which may increase productivity and employee retention; this, in turn, has financial benefits for the organization. Higher levels of productivity improve the efficiency in the company, while increasing employee retention reduces the cost of replacing employees.

Society or Culture: ABBOT Pharmaceutical use code of ethics created based on the current
societal or cultural beliefs of the country in which the company is based. Many countries have different understandings of business ethics or morals. An organization may choose to adopt these values as the main source of its code of ethics in order to maintain societal norms. An organization may also use a business code of ethics to ensure that it does not alienate the consumers in the nations local economic marketplace. If the organization develops international

business locations, it may need to adjust its organizational code of ethics to meet global ethical expectations.