Ethics vs, Profit: an Exploration of Accenture Development Partnership

In: Business and Management

Submitted By lindajpetrosgo
Words 1519
Pages 7
Accenture Development Partnerships (ADP) is a philanthropic arm of Accenture that supports an innovative not-for-profit business model as a means to channel the core business capabilities of
Accenture to organizations in the international development sector. This article will give an overview of the offering, a look inside the industry where large corporations choose ethics over profit and will help the reader gain an understanding of what is necessary to successfully work within this group.

Ethics vs, Profit: An Exploration of Accenture Development Partnership

My goal is clear; it has been for roughly five years now. When I left the not-for-profit sector and joined a Accenture, I did so with the very specific goal of returning with new and fine-tuned skills. As I sat in my New Joiner Orientation and learned about ADP, I knew that one day I would join Accenture Development Partnerships and once again work on projects that serve the greater good. I will channel the skills I have gained from my experience within a multi- national corporation, bring my non-for-profit sensibilities, expertise in development and fundraising to help advance sustainable solutions to global development challenges. Until joining Accenture, all of my adult work experience comes from the not-for-profit sector where I worked in very creative atmosphere within event management, fundraising and development..
After years of mounting mistrust of corporations and strong desire to distance myself from all things “corporate” I am humbled by the good work my corporate colleagues are doing. In fact, in many ways, they are outperforming my not-for-profit colleagues. They seem to possess a clarity, focus and ability to respond to an issue without being driven by emotion. This emotional response, many times, is…...

Similar Documents

For Profit vs. Non Profit

...Financial Management in Non-profit Organizations and How It Compares to For-Profits Organizations are usually classified as either non-profit or for-profit. Business corporations are organized for-profit. While non-profits usually include associations, charities, and other voluntary organizations formed to further cultural, educational, religious, or public service objectives. Non-profits and for-profits do have some things in common. Both types of organizations attract individuals focused on maximizing income, minimizing expenses, and reaching their goals. While there are many similarities, non-profits and for-profits have many differences. The most fundamental difference between nonprofit and for-profit organizations is the reason they exist. A non-profit organization exists to provide a particular service to a community, while a for-profit organization exists primarily to generate a profit for the company’s owners and shareholders. A non-profit organization channels all of their income into services and programs aimed at their mission compared to for-profit organizations that distribute profits between owners, employees, shareholders and the business itself (Bottiglieri, Conway, & Kroleski, 2011). Financial management for non-profit organizations is similar to for-profit organizations in many ways however key differences shift the focus of a nonprofit manager. These differences include organizational structure, ownership, distribution of profits, generating......

Words: 1728 - Pages: 7

Ethics and Development

...Ethics and Development PHL/323 March 24, 2012 Instructor: Doris Savron Introduction Ethics, morals, and values have become a topic of interest in recent years. These principles are discussed and addressed in different aspects in life – personal, social, and professional. Even with the recent focus many of these principles are taught in the earliest stages of learning. In recent years, people have realized that ethics, morals, and values are delicately intertwined and effect every situation and have no boundaries. This has led to the recent demand to educate individuals on ethics, morals, and values. In this paper the first discussion will be the meanings of ethic and morals and what they are. Then, what is my underlying ethical system and primary principles, the sources that shaped my ethical views, and any decision–making factors that may have participated in revising any of my original ethical beliefs. Other topics to be discussed will include ethics and the potential effects it has on my performance in the workplace and why ethics are important to have in any organization. The need for every successful organization to have an integrated ethical system in place and how apply these guidelines will affect the individuals, organizations, and society associated with it. Defining Ethics and Morals According to Trevino and Nelson, ethics is the principles, norms, and standards of conduct governing and individual or organization (Trevino &......

Words: 1184 - Pages: 5

Profit vs Non Profit Hospitals

... Profit vs. Non Profit Healthcare Organizations Prepared By: Milton Flores Table of Contents I. Introduction……………………………………………………………………………………………………………………………………3 II. Definition of Non Profit Health Care Organization………………………………………………………………………….4 III. Definition of Profit Health Care Organization…………………………………………………………………………………4 IV. Issues facing Non Profit and Profit Health Care Organizations……………………………………………………….5 V. Options to improve operations……………………………………………………………………………………………………….6 I. Introduction The debate on whether all healthcare institution should be non-profit rises many issues and they have been heavily debated. The best way to examine this to analyze if non-profit hospitals are in fact better that for profit hospitals and whether there is enough evidence data to support policies dictating ownership. Hospitals in the United States are the largest health care organization in this country. Private hospitals may either be classified as non-profit or for-profit institutions. The majority of the hospitals within the United States are non-profit. The main difference between non-profit and for-profit hospitals is the regulatory rules. Non-profit hospitals are not required to pay property, sales, or income tax. The reason that non-profit hospitals and other organizations were established was with the intention of servicing the needs of the poor. This is the reason that not-for-profit health care and hospitals are exempt from taxes, it was due......

Words: 996 - Pages: 4

Profit vs Freedom of Speech

...Profit Vs. Freedom of Speech: a Cross-Cultural Perspective It is no secret that in a business profit is the bottom line. It is the reason someone starts a company, the reason employees crawl out of bed each morning, and the reason why sometimes ethical values are bent or broken. On the small scale, such as a local grocery, ethics of the owners and employees can be easily maintained because the area they are operating in shares the same values. This, however, is not the case with global businesses. Instead of a local community for profits large businesses rely on the global market, thus exposing and challenging their original ethics for the sake of continued profits. This cross-cultural perspective will examine a recent example of this challenge when the company Google began to expand into the Chinese and other Asian markets. Google is a multi-billion dollar company that was started in the garage of two Stanford students in 1997 (Google, 2012). The initial goal was to produce an internet search engine that would be able to find and provide access to an immeasurable amount of information. Since its inception, Google published several values that were believed to be the essence of the company. Among them were that all focus should be on the user of the product and that any ad revenue should not come at the users cost, examples include pop-up advertising and manipulated searches (Google, 2012). Google also started with a relaxed approach to business, believing that employees......

Words: 1206 - Pages: 5

Corporations vs Partnerships

...Corporation versus Partnership Strayer University ACC317 Advanced Federal Taxation December 7, 2013 Starting a business is not an easy task. First, one must decide what type of entity the business will be in an effort to maximize profits and reduce tax obligations as much as possible. The two entities I will discuss are corporations and partnerships. A corporation is defined as a legal entity that is separate and distinct from its owners. Corporations have most of the responsibilities and rights as individuals, however corporations have the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. (Investopedia, 1) Deciding to elect to become a corporation has advantages and disadvantages. A few advantages and disadvantages are listed below: ADVANTAGES: * Capacity to act as a legal entity * Due to many individuals investing funds, a corporation has a bigger source of capital which allows for larger business undertakings * Unlimited life which allows time to establish a strong credit position * Stockholders have limited liability for corporate debts. The extent of their investment in the corporation is all the stockholders are held liable for, personal assets are protected * Shares in a corporation can be transferred without prior consent from the corporation’s shareholders * Centralized management under a Board of Directors DISADVANTAGES: * Legal......

Words: 1583 - Pages: 7

Accenture Eytics

...Code of Business Ethics: Our core values in action Our Code of Business Ethics reinforces our core values and drives our culture of compliance, ethical decision making and accountability. Our core values shape the culture and define the character of our company. They guide how we behave and make decisions. Contents 5 6 Our Code at a Glance Stewardship To navigate, use the links provided in these sections: Contents (page 2); Our Code at a Glance (page 5); and the Index of Key Terms (page 42); as well as the Accenture policies listed throughout the document and the links at the bottom of each page. To zoom in and out, use the magnifier and back buttons. 10 Best People 14 Client Value Creation 18 One Global Network 24 Respect for the Individual 28 Integrity 36 A Model for Making Ethical Decisions 40 Our Responsibilities 41 Where to Go for Help 42 Index of Key Terms This file is in A4 format. The print feature on the navigation bar sets to your print settings. For further information, access our Policies Website. 2 | Accenture Code of Business Ethics Print Questions ? To All Accenture People: For more than 50 years, our success has been based on a core set of beliefs, behaviors and values that have transcended both generations and geographies. From our earliest days as technology pioneers to our position today as a Fortune Global 500 industry leader—collaborating with our clients to help them become high-performance businesses and governments—Accenture’s......

Words: 15075 - Pages: 61

Partnership vs. Corporations

...Partnerships vs. Corporations Tracy Kamke Professor Edward Hastings ACC317 March 9, 2014 A partnership is an association owned by two or more people to carry a business or trade with each parnter contributing money, property, labor, or skill and all partners expecting to share the profits and losses. A corporation is a separate entity that has its own rights, privileges, and liabilities separate from its members. Whether you choose to be a partnership or corporation, depends on how much your federal income tax will be. There are different types of corporations and many different partnership types. There are two different types of corporations. You have the C Corporation, which has the toughest tax bracket; you are subject to double taxation. The first tax is on the company's net earnings, and the second tax is that each shareholder must pay tax on his or her dividend. A C Corporation can reduce or eliminate its federal income tax liability by distributing its income to the shareholders who perform services for the company (Battersby, 2008, p.10). The other is the S Corporation which resembles the partnership and report entities like partnerships. Partnerships are not taxable entities and are not subjected to federal income tax. In a partnership, you are required to file a Form 1065 to report the results of the partnership's business activities. There is a general partnership which is two or more partners that participate in management......

Words: 838 - Pages: 4

Local Economic Development Partnerships

...“Local Economic Development can only be effective if all actors work in partnership.” Consider the arguments for and against this statement. Introduction With the ongoing discussions on universal development for all for sustainable economic growth, countries and regional bodies are focusing on the drivers for local growth within the different economic spheres. An important group for driving growth is local actors as one of the key stakeholders in this process. Ideally these partners should come from the government, private sector, civil society and community groups. This is to enable inclusion of all stakeholders involved and for collective responsibility. Governments mainly have been under pressure to build or realign institutions to function at local level and to create policies for their stakeholders that are inclusive. For the developed countries, focus is on allowing for bottom-up approaches like the Enterprise Zones and Local Enterprise Partnerships while for developing countries with large informal economies and weak institutions, the approaches vary partly due to failed policies in the past and the slow economic growth. On the international scale, development organisations have been tasked with coming up with better ways of dealing with particular regions characteristics to avoid the ‘one size fits all’ approach that previously existed. This has been deemed to be a more effective way of achieving sustainable growth. (UN Habitat, 2009) However the issue around how...

Words: 1516 - Pages: 7

Partnerships vs. Llc

...Partnerships vs. LLC An LLC is a better way to operate a business than a partnership. While LLCs and Partnerships do share some similar advantages and disadvantages, the LLCs ability to protect its members make it the superior business model. Limited Liability Companies are a hybrid. They share some of the same advantages of both the corporation and partnership (Reed,445). Corporations exist mainly to shield shareholders and owners from the liabilities of the company. The profits of the corporation are taxed both at the corporate level and on dividends. Limited liability companies are treated as nontaxable entities, much like partnerships. Partnerships are like the opposite of a corporation. At least one person must be responsible for company debts and litigation, but profits go directly to owners avoiding the "double taxation." Limited liability corporations offer limited liability protection to owners and members, and profits go directly to the members. Because an LLC is essentially the ideal business structure, many new businesses form as one. In an LLC owners are not personally responsible for company debts. This is the most important attribute of an LLC. In a partnership, the owners are personally responsible for business debts. If the assets of the partnership cannot satisfy the debt, creditors can go after each owner's personal bank account, house, etc., to make up the difference. By contrast, if an LLC runs out of funds, the owners are usually not liable. In......

Words: 392 - Pages: 2

Profits vs Csr

...Should Businesses Operating Today in New Zealand Go “Beyond Profits”? In 1970, it was argued by Nobel Prize-winning economist, Milton Friedman, that the only social responsibility of business is to increase its profits (Friedman, 1970). Since Friedman expounded his widely acclaimed philosophy on the social responsibility of business, many experts in the area of business and social responsibility have retaliated with their own views on corporate social responsibility (CSR). One of these views is the idea that businesses should go beyond the classic economic paradigm, a-la Friedman, to carry out certain responsibilities to society such as ethical and philanthropic responsibilities (Carroll, 1991). In order to have a better understanding of one’s position on the CSR debate, this essay will specifically target the corporate social responsibilities of businesses within a general New Zealand context so that one might precisely answer the question “Should Businesses Today Operate beyond Profits”? “Responsible governance” in New Zealand (NZ) management is equivalent to the organization’s “environmental, social and risk management practices and the interests of its shareholders and increasingly wide stakeholders (Birchfield, 2011). The definition of responsible governance seems to be in favor of the CSR position as businesses in NZ are clearly obliged to more responsibilities other than Friedman’s ultimate profit-maximizing goal. However, a resent consensus in the business......

Words: 2103 - Pages: 9

Ethics vs Profits

...The predicament to this is about business ethics versus profit. The first step in the situation is learning everything about the company. Being prepared for the presentation will give a lasting first impression on the potential client. Hopefully building credibility, trust, and making it seem as if you are well prepared will put the potential client at ease when breaking the bad news to them. The next situation that needs to be addressed is when and what manner will we be able to explain to the client on the approval. It is known that we do have a high probability that our product will become approved and we need to show our facts to the client. The client chose our firm not based on the pending regulatory act but on our other strengths. We need to show the potential client our strengths and exceptional guest services to get the peopl eon outside. As stated in the question, our company has yet to receive the approval for a project we are developing, which means we are producing something that is ahead of the game. No other company is doing what we are doing. The advantage that our product will the first of its kind will benefit both the client and our own. Through analytical and factual evidence, we can explain how our major competitors fail in what we are succeeding to. Explain to the client why and how the product will benefit the companies both the negative and the positive. A marketing strategy will be conducted to give...

Words: 723 - Pages: 3

Partnerships vs Companies

...decline of a business and as a result, decide its ultimate outcome. The current relationship between the three owners and state of the business; a partnership, provides benefits such as low operation costs, but on the contrary, involves unlimited personal liability. Conversely, the consideration of evolving into a company can also present benefits like limited liability, but also drawbacks including double taxation. By maintaining their ongoing partnership, the three owners will continue to manage and the business will still function at a suitable financial level. Transitioning into a company will require a vast sum of money in order to be legally considered and operate as an official company. When upgrading a business to a company, the owners are required to lodge and submit an application with the Australian Security and Investment Commission (ASIC) and obtain a Certificate of incorporation. As well as this, they will have to apply for and receive an Australian Business Number (ABN) that becomes part of the company’s name, and pay a registration fee to the Australian Securities Commission (ASC). Avoiding the change into a company will prevent this need for securing additional expense, which includes the finances to sustain components and administration of the company once at a company level. One of the negative features of a partnership is that all partners are jointly and severally liable for all debts and liabilities incurred by the business. Naturally, this means......

Words: 591 - Pages: 3

Nonprofits vs Profits

...Nonprofit Vs. For-Profit Health Care: Is There a Difference? Hudson Valley NY HFMA Chapter Newsletter, Bruce McPherson, June 30, 2013 My experience is that many nonprofit (or "not-for-profit," if you prefer that term) health care organizations--whether they be hospitals, nursing homes, home care providers, health insurers, and so forth--do a poor job of informing the key stakeholders in their communities, as well as the general public, about: • Their nonprofit ownership status; • The unique role that nonprofits play in health care; and • How their organizations are fulfilling that role. Yet, they probably all think they are communicating well. Nor do most people understand the sheer size of the nonprofit health care sector. Should we be surprised, then, when people conclude that there is no difference between nonprofit and for-profit health care organizations and that the former should no longer receive any special tax-exemption benefits? As Pogo said, "We have met the enemy, and he is us!" So allow me to present here some basic information about the size and unique value of nonprofit health care, and then present a few critical questions that leaders in the sector must ask themselves, especially those in nonprofit hospitals/health systems, which are currently undergoing the most public scrutiny. Size of the U.S. Nonprofit Health Care Sector The nonprofit health care sector accounts for virtually all of the community health centers in the U.S.,......

Words: 1095 - Pages: 5

The English Exploration vs the Spanish Exploration

...The New World known today as America is a product of the meeting of two worlds, two different social, political and economic environments. America remained hidden for thousands of years and unknown to European explorers. Its discovery consisted of a clash of cultures, languages, traditions and history. Although they bear a similarity as they were both initially sponsored by monarchs in search of the Northwest Passage, the differences between the Spanish (1492 – 1548) and English (1584-1648) explorations are very clear. During the XV century the first marine expeditions that allowed having a better understanding of the world, were made. The major European explorers that were part of the Spanish and English explorations were Christopher Columbus, John Cabot, Nunez Balboa, Ferdinand Magellan, Juan Ponce De Leon, Hernan Cortes, Francisco Pizarro, Hernando De Soto, Francisco Coronado, and Sir Francis Drake. An important similarity on the explorations was that they were in search of the Northwest Passage , a route that the Far East could be achieved (India) from Europe traveling to the west. Other similarities included are the first voyages were made by Italian explorers and sponsored by monarchs. Christopher Columbus and John Cabot were from Italy. Columbus’ voyages were approved by Ferdinand II of Aragon and Isabella I of Castile of Spain. John Cabot received approval by Henry VII of England. These are the similarities, but now we will see how clear the differences were. ...

Words: 1348 - Pages: 6

The Development of Ethics

...For many people, defining personal ethics is a difficult endeavor. Ethics are simply the moral foundation on which people build their lives. They guide the decision-making of an individual and represent the core value system people use for everyday problem solving. They also create a framework for determining right versus wrong (Nucci 1). Many people consider their ethics to be a characteristic they were born with but truly, ethics are developed throughout life based on a wide variety of factors. While parents cannot dictate their child’s morality, they are typically the first to voice and demonstrate ethical boundaries for them. Most parents consider it one of their critical jobs to instill a strong sense of right and wrong in their children. When parents tell their children that stealing is wrong, they are building a foundation for their child’s personal ethics. In many situations, the mother impacts the children more than the father (Garrod 98). In the book Approaches to Moral Development, Sally Powers says, “Although mothers are equally supportive of sons and daughters, fathers of daughters are significantly supportive of their daughters than are fathers of sons supportive of their sons.” In an interview with Courtney Smith, she said, “My mother taught me way more. My father was pretty much just satisfied with anything I did.” How parents behave has a strong impact as well. For example, if a set of parents argue all of the time then their child will start to...

Words: 599 - Pages: 3

Al Franken | Staffel 4 | HD Haunting in Japan (2016)