Business Ethics Current Event Article Example | Topics and Well Written Essays - 250 words - 1

Business Ethics Current Event - Article Example ng the extent and nature of wrongdoing, anonymous incident reporting, assessment of social media reputation, employee surveys, group discussion, tone of management communication, exit interviews, facility interviews, customer complaints, and interviews and focus groups. Tone at the top creates the basis for a culture that motivates confidence and trust among all the key stakeholders of the company (Epps, 2012). The information from the event is related to what was discussed in the class. Strategic management of individuals at the top is crucial for the success of the company. When measuring performance, the top management should be able to distinguish between the different divisions of a company. It is important to note that managers usually perform well despite the poor performance of a business unit due to factors that beyond the control of the manager (Maher, Stickney, and Weil, 2012). Legal and ethical compliance is crucial in developing the social responsibility image of the company. Legal compliance entails the extent to which the company conforms to a number of laws such as the state, federal, local, and international laws. On the other hand, ethical compliance relates to the level to which the members of the company follow the general legal and ethical standards of behavior (Griffin, 2011). In conclusion, the tone of the top management is important in determining company’s success. It also determines how the company complies with various programs. Thus, it is important to develop ways through the tone at the top can be assessed. As stated before, the compliance professionals can assist each other in evaluating the tone at the top through various methods. For instance, methods such as anonymous incident reporting, assessment of social media reputation, employee surveys, group discussion, tone of management communication, and exit interviews. Thus, the information from the event is related to some of the topics discussed in the class such as strategic top