operations final project Manufacturing

operations final project Manufacturing - In the wake of...

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In the wake of Enron, ethics has become a huge focus in the world of business. Ethics play a huge role in business because no one will willingly do business with someone whom they do not trust. Companies in the field of manufacturing have a moral code to which they are supposed to abide by even though there may be shortcuts that they can take that may be legal but not morally correct because as defined ethics is a set of moral standards of what is good and right behavior. With the increasing competition from domestic and foreign companies manufacturing managers are under more pressure from the board of directors to outperform their competitors while maintaining an ethical business operation. This is much easier said than done which is why ethics is such a hot topic among businesses which is why a code of conduct is established by many companies to define the practices that are allowed by that specific company and those actions that will not be tolerated by the stakeholders. Integrating ethical business practices in a manufacturing company will surely benefit the company because it isn't only good public relations; it is smart business practice as well. On top of having to manage the company chief officers of a company are tasked with maximizing stock prices and doing it in an ethical way, but many companies are willing to take shortcuts in order to improve the gross margin of the manufacturing process.
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