HP Chase Inc., an investment banking firm, has decided to make ethical behavior sustainable in its organization. It has set up the process of monitoring ethical behavior by establishing a code of ethics. Which of the following stages is HP Chase Inc. most likely to undertake next?

Question

Quizplus · Accepted Answer

After establishing a code of ethics, the next logical step for HP Chase Inc. would be to support it with extensive training for every member of the organization. This will ensure that employees understand the code and know how to apply it in their day-to-day activities. It is important to educate employees on ethical behavior because they are the ones who will be responsible for implementing it in the organization. Rewards for ethical behavior can be implemented later as the organization evolves and matures in its ethical culture. Hiring an ethics officer may also be necessary, but it is not necessarily the next step after establishing a code of ethics.