Ethical Organziation Commonwealth Bank

Question: Discuss about theEthical Organziation for Commonwealth Bank. Answer: Introduction Organizations have grown in size over the years which have increased complexity with respect to different processes in the organization. There has been increasing threat to various organizations as more and more scandals crop up. Commonwealth Bank is one such organization which has been marred by a series of scandals and therefore are aiming to build a strong ethical culture in the organization. Some aspects of building an ethical culture can be listed as follows: Leadership The first and primary step in being an ethical organization can be taken by the top management of the organization. The culture in any organization has to be determined by the leaders and the real test happens when there is any decision making situation in the organization. When the leaders go for an ethically right decision instead of just running behind profit then it makes a real difference even at the lower rungs of the organization (Gergen, 2015). Value Every ethical learning organization should have a core value statement which is aligned to the mission of the company. Value of a company defines the way a company works and the culture of the organization. Therefore values have to be charted out which will lead to the code of conduct for the business aligned to the mission of the company. Integrity It is the umbrella characteristic which should be adhered to at any cost while doing business. Commonwealth bank should try to work as per the rules and regulations of state, national and federal levels. Communication from the top to the employees of the organization should be open and transparent so that they have a clear idea about their goals and the ways of working (Jeanes, 2016). Respect Respect for ones work and the way it is done is synonymous to ethical behavior. There should be honor in whatever decision that is taken by the company. Employees always want to work for a loyal employer and build a long term relationship. An organization can expect commitment from its employees only when they are treated with respect and honor. Loyalty Strong relationships and meaningful interactions between the employer and employee are the stepping stone of building an ethical learning organization. Therefore commonwealth bank should strive to create an environment wherein their employees feel that their career growth is in safe hands and they can contribute their finest efforts for the betterment of the company. This kind loyalty forms the bedrock of an ethical learning organization. Reference Gergen, K. J. (2015). Global organization: From imperialism to ethical vision.Organization,2(3-4), 519532. doi:10.1177/135050849523013 Jeanes, E. (2016). Are we ethical? Approaches to ethics in management and organisation research.Organization,4(1), 452465. doi:10.1177/1350508416656930