Business Finance
Troy University Ethics the Fabric of Business Case Study Video Discussion

Troy University

Question Description

I’m working on a Business question and need guidance to help me study.

LINK:https://www.youtube.com/watch?time_continue=5&v=ONeS5tnUy6E&feature=emb_logo

Lockheed Martin is known for its ethical culture. Watch the video linked below to learn more about how it ensures an ethical culture through its formal and informal systems. Prior to watching the video read through the questions listed below. After watching the video, answer each question. You may submit your answers as a Word document or through the textbox provided in Canvas. Number each question to correspond to the questions listed below. Your answers should be one to two sentences. Each question is worth two points.

  1. How does Lockheed Martin use organizational communication to ensure that ethical standards are understood?
  2. Why must organizations develop a unique internal message and set of tools for communicating ethics?
  3. What are some components of LM Ethics Reporting System?
  4. How does LM ensure that Ethics Training is consistent, relevant, and timely across the organization?
  5. From a performance perspective, how does LM ensure that managers achieve their objectives and goals in an ethical manner?
  6. What is the relationship between LM’s culture and ethical standards?
  7. How does LM ensure that international business units adhere to the same ethical standards?
  8. Describe different aspects of LM's formal and informal systems used to achieve an aligned ethical culture.

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Final Answer

Attached.

Question 1
- During onboarding, recruits are brought up to speed on the organizational commitment
to a standard of ethics and excellence
- The same message is passed down progressively and consistently to ensure everyone is
conversant with the expectation of the organization in their duty
Question 2
- An organization must appear to toe the line in fostering ethics compliance
- This objective is met by establishing an internal message that not only creates
awareness among employees but also behooves them to fall in line.
Question 3
- Employees can report misconduct via a phone call to the ethics office
- If the issue is not res...

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Purdue University

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