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Evaluation Of A Business Code Of Ethics

810 words - 4 pages

Evaluation of a Business Code of Ethics
Over the years many organizations have adopted their own code of ethics based on individual company values, morals, and beliefs. Even though some companies do not have a set code of ethics implemented into their company policies and procedures it has been a positive aspect to those companies that do acknowledge the importance of business ethics and are implemented into company policies and procedures such as those demonstrated with United Health Group (UHG). This paper will discuss United Health Group’s overall code of ethics and mission statement, ethical system used by the firm, how company ethics are utilized, and why the existing code of ethics ...view middle of the document...

Any violation of UHG policies, code of ethics, laws and regulations will result in corrective action or possible termination (United Health Group, 2014).
Ethical Systems
The ethical system utilized by UHG is a combination between duty-based and goal based. UHG holds high moral obligations and commitments to which they make decisions based on right or wrong action and that may be determined by outside authorities (University of Phoenix, 2013). In addition, the organization also utilizes a goal-based system in which focuses on the outcomes or purpose, either local or universal by committing the needs to all they serve (University of Phoenix, 2013). This is known as the deontology approach which focuses on the act itself and not its consequence (Trevino & Nelson, 2011). Decisions are based on ethical principles such as honesty, fairness, and loyalty. Certain moral principles are binding regardless of the consequences (Trevino & Nelson, 2011). The main focus of the deontology approach is doing what is right based on moral principles and values.
Code of Ethics Utilization
Employees of UHG are expected to abide by the company policies, procedures, and code of ethics. The company code of ethics is explained to all employees during new hire orientation. All employees receive the proper guidance and training on code of ethics utilization. Each and every employee is held accountable and responsible for his or her own actions within the workplace. After the first year of employment, each employee is required to take an online assessment for reiteration on...

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