ADDRESSING AN ETHICAL ISSUE 4
The limitations of the recommended policy are that it requires support by the
management for it to be effective. If the management team uses its perspective of corporate
ethics in the organization, then confusion can erupt within the workplace. This may undermine
the culture of the organization (Crane, & Matten, 2016). All the steps highlighted above in the
development of policy to address ethical problems have to be implemented and communicated to
authority by the management to avoid negligence.
Ethics compliance program would be costly to the organization. The entire process of
developing and maintaining the policy can consume time and be expensive to the undertakers. It
will require the hiring of officers of ethics and the diversion of personnel and financial resources.
Strategies for monitoring and compliance include self-monitoring. This is where the
operations staff conduct surveillance and reporting on their performance (Gabel, et al., 2009).
This creates responsibility and accountability among the workers, which lessens the work of
monitoring by the management.
Continuous monitoring is a second strategy where the process is conducted as an ongoing
activity. The management uses this to ascertain the smooth operation of the controls and the
transactions conducted as prescribed (Gabel, et al., 2009). Thirdly, the use of metrics can be
employed to monitor whether an activity meets the stipulated goals and whether the staff who are
responsible are doing their job.
In conclusion, policies have to be designed to address ethical problems within an
organization for the efficiency of operations. This protects the image of the institution and avoids
adversities that may befall the organization. In doing so, all the parameters of ethical decision
making are considered as described. When this is implemented, social responsibility is realized,