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Research Coca Cola’s and PepsiCo’s Code of Ethics/Business Conduct statements. List the top three aspects that you like most and the top three aspects that you like least about each company’s code of conduct. Which statement do you like best and why? Which strategy would you implement to help ensure ethical compliance?
Expert Answer
Coca Cola and Pepsi are two of the giants of the soft drink industry. They contribute a lot towards the beverages industry and also have a strong ethical standard. Below mentioned are some key aspects of the code of conduct of each organisation.
Coca Cola
a. Coca Cola’s ethical values are of the highest standard which gives utmost importance to the integrity over revenues.
b. Coca Cola has a business conduct which is transparent. This is very important for any organisation to succeed because it helps in building a trustworthy atmosphere amongst the stakeholders which inturn contributes in the smooth functioning of the operations.
c. It gives utmost importance to its customers and value their opinions. There are several organisations who show as if they are concerned about their customers but don’t actually mean it. This is not the case with Coca Cola as it gives their customer’s opinions lot of value.
Pepsi
a. To work responsibly and with complete integrity is the main mantra of Pepsi’s code of conduct.
b. Pepsi Co gives utmost importance to its employees and encourage the act of respect.
c. Shareholders are the strength of any organisation and PepsiCo takes the complete responsibility of taking care of their stakeholders.
The most important code of conduct which both of the above companies follow is the respect and integrity. These are very important for an organisation to succeed.
