Business Ethics - Company Scholastic Research Paper

Business Ethics - Company Scholastic - Research Paper Example Scholastic Corporation is a global publishing company which publishes books for educational purpose mainly for school, teachers and including parents. For about 90 years parents and teachers have recognized Scholastic as a trusted brand name in terms of learning. The company remains focused on providing and encouraging children to read as well as love to learn. Scholastic was founded in the year 1920 by Robinson and in the current fiscal has revenue amounting to $2billion and is recognized as the global leader in children’s brand and has distribution with more than 9500 employees globally (Scholastic, 2012). Does your organization have a published code of ethics? If so, how do they promote this code? The Scholastic has a published code of ethics for its employees. The Scholastic code of ethics is based on the company’s Credo and Editorial Platform which also sets the company’s belief of how the children, teachers and parents must be treated by the company.The Boa rd of Directors of Scholastic has set a high standard for the employees, directors and officers. The philosophy is to have sound corporate governance and it’s the duty of the directors to act as a prudent fiduciary for the shareholders. To fulfill the company’s responsibilities and act accordingly, the Board of Directors follows a standard and the procedures which are set forth in the guidelines issued by the company (Scholastic, 2012). Scholastic promotes its code of ethics by applying it into practical life and the result can be determined as it’s the global leader in publishing books and the most trusted publishing company. Scholastic believes in dignity and worth of individual For example the company Scholastic, organizes thematic lessons in order to welcome students and to build a community. As a part of their code of ethics the company is trying to promote through creative lessons which are a perfect means to warm the skills required after summer vacation (Scholastic-b. 2012). How would you classify your organization’s ethical orientation? Ethics is classified under two broad headings which are termed as normative ethics, which means how principles, values and beliefs should be determined and descriptive ethics which includes beliefs, morals and principles which people abide by. Normative ethics refers to the norms and guidelines; it signifies an ideal behavior so that it can be termed as proper. This form of ethics tends to answers moral queries which concern the act of people and their behavior. The normative ethics helps in