Business Ethics used in PepsiCo - 1643 Words

Business Ethics Business ethics is a topic that is often on the forefront of media and journalism reports in the United States of America today. To someone that doesn’t have a background in business, or a general understanding of the business world, these reports can be cumbersome and hard to follow. One must first understand what business ethics actually are. Dictionary.com defines business ethics as the study and examination of moral and social responsibility in relation to business practices and decision-making in business (dictionary.com). Once one understands the meaning of business ethics, they often wonder what major companies do to stay ahead of the curve, and excel in the area of business ethics. Sadly, it seems as if the†¦show more content†¦PepsiCo has been partnering with the World Health Organization to find new ways to improve the diets of consumers while promoting physical activities. When looking at PepsiCo’s promotion of human sustainability, it is evident tha t PepsiCo values their consumers, which is valued and ethical. PepsiCo much like any other well respected company, complies with the regulations that are determined by the SEC (Securities and Exchange Commission). PepsiCo demonstrates their SEC compliance through their hiring of an independent registered public accounting firm. PepsiCo utilizes the well-known and respected accounting firm Klynveld Peat Marwick Goerdeler which is more commonly referred to as KPMG. KPMG is one of the largest professional services firms in the world and one of the Big Four auditors. The Big Four auditors are KPMG along with PricewaterhouseCoopers, Deloitte, and finally Ernst and Young. KPMG’s global headquarters are located in the Netherlands . By employing an outside source, PepsiCo allows the auditing firm KPMG to clearly analyze their numbers, ultimately making independent judgments for the soft drink company. KPMG complies with the laws and guidelines that are set up by the Securities and Exchange Commission through a published report to the SEC that is created quarterly and annually for PepsiCo. The reports that areShow MoreRelatedHow Can an Emphasis on Ethics and Social Responsibility Improve Profits and Benefit a Business?1243 Words   |  5 PagesGroup 1_PepsiCo April 3, 2013 HOW CAN AN EMPHASIS ON ETHICS AND SOCIAL RESPONSIBILITY IMPROVE PROFITS AND BENEFIT A BUSINESS? Introduction Until a few years ago, most companies had not cared so much about ethics and social responsibility. They only focused on cost and margin to increase their profits. However, nowadays, many successful companies and businessmen have their own foundation and do some good things, for example, the Ford Foundation has allocated millions of dollars for cancer researchRead MorePepsico Ethics and Compliance1533 Words   |  7 PagesPepsiCo Ethics and Compliance FIN/370 – Finance for Business PepsiCo Ethics and Compliance PepsiCo Inc. is a world leader in the beverage and snack food industry. Founded in 1965, the company has grown to become a household name. PepsiCo employs more than 285,000 employees worldwide, and has revenues of more than $60 billion (Our History, 2011). PepsiCo prides itself on social and environmental responsibility, and maintains a commitment to ethical business practices. 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The corporation has around 274,000 employees and PepsiCo is regarded very highly on multiple Forbes lists and is extremely p opular around the globe. The company PepsiCo was establishedRead MoreMkt 421 Week 5 Individual Essay1167 Words   |  5 PagesFactors Affecting Marketing Decisions Management is faced with many decisions when considering the environmental factors that affect marketing. This includes global economic interdependence, demographics, cultural differences, social responsibility, ethics, and technology. It is imperative for a company to understand how these factors can greatly affect the outcome of a company’s marketing plan. Today’s globalization of companies has led to an economic interdependence that influences the decisionsRead MoreEthics in Pepsico4416 Words   |  18 PagesETHICS-COMPANY PEPSICO Ethics Business ethics is the accepted set of moral values and corporate standards of conduct in a business organization. These standards of business behavior promote human welfare and the good. Business ethics are exhibited both as written and unwritten codes of moral standards that are critical to the current activities and future aspirations of a business organization. They can differ from one company to another because of differences in cultural perspectives, operationalRead MoreThe Ethics Of The Advertising Industry1320 Words   |  6 Pageson the ethics of the advertising industry. Some questions will be answered like: should companies be allowed to collect/sell client’s info? Should targeted online advertising on the basis of user’s profile and demographics? Should there be a ban the sale of surveillance technology to non-democratic countries? Keywords: targeted online advertising, surveillance technology, non-democratic countries, false advertising, ethical theories, code of ethics. Ethics in the Advertising Industry. Ethics is aRead MoreCode of Ethics Conduct Coca-Cola Company3157 Words   |  13 PagesChallenges in the Global Business Environment Code of Ethics Conduct Coca-Cola Company Richard Bonds Dr. J. A. Anderson, Sr. Date May, 31 2014 Abstract Coca-Cola Company or Coke s the largest distributor of soft drinks in the world. Businesses such as Coke and other corporations set a strict code of ethics laws to live by and operate upon. This paper will illustrate the code of ethics of Coke the industry leaders and two of its partners/competitors PepsiCo and Dr. Pepper/Snapple CoRead MoreEthical Decision Making Ethical Decisions Essay1088 Words   |  5 PagesAbstract Ethics is defined as the moral principles, values, and beliefs that a person uses to interpret a given situation and then decide the appropriate course of action based on these values (Jones). When we think about ethics, we usually think of honesty and doing the â€Å"right thing.† Ethics is an important facet in any business environment. When a company behaves ethically in communicating with its stakeholder, both internal and external, the organization gains trust and is able to build a strongRead MorePepsico Case8696 Words   |  35 PagesDaniels Fund Ethics Initiative University of New Mexico http://danielsethics.mgt.unm.edu PepsiCo’s Journey Toward an Ethical and Socially Responsible Culture COMPANY OVERVIEW PepsiCo is one of the largest food and beverage companies in the world. It manufactures and sells eighteen brands of beverages and snack foods and generates over $98 billion in retail sales. PepsiCo encompasses the Pepsi Cola, Frito-Lay, Tropicana, Quaker, and Gatorade brands and offers products in over 200 countries. It