BUS FPX 2007 Assessment 3 Business Ethics and Social Responsibility

BUS FPX 2007 Assessment 3 Business Ethics and Social Responsibility

Student Name

Capella University

BUS-FPX2007 Introduction to Business Perspectives

Prof. Name

Date

Introduction

Did you know that Schneider Electric has been recognized twice as the world’s most sustainable company? This remarkable achievement is largely due to its innovative marketing and production strategies, which have positioned it as a global leader in the technology industry. Schneider Electric has developed a strong marketing strategy for 2024, focused on engaging key stakeholders such as Original Equipment Manufacturers (OEMs) and senior managers in the industrial automation sector (Sheridan, 2025).

In addition to marketing, production plays a vital role in Schneider Electric’s continued success. The company has announced plans to invest over $700 million in its U.S. operations through 2027, reinforcing its commitment to innovation, sustainability, and economic growth (Schneider, 2025).

First Key Functional Area

What ethical principles should an organization be aware of during day-to-day operations?

Organizations should remain mindful of ethical principles such as values, fairness, accountability, respect, transparency, and the promotion of trust among employees, clients, and stakeholders. These principles serve as the moral compass for maintaining integrity and credibility in business operations.

In today’s competitive business environment, companies must implement strong and effective marketing strategies grounded in ethical principles like accountability and sustainability. Marketing is crucial because it helps raise brand awareness, improve company image, and manage supply and demand—all essential elements for business survival and success (BellaVista, 2015).

For Schneider Electric, maintaining daily awareness of marketing techniques is essential for building and strengthening relationships with customers. With a global workforce of over 138,000 employees, Schneider Electric understands the need to craft tailored messaging that resonates with diverse audiences, including OEMs and senior managers (Latterly, 2025).

Critical Thinking in Ethical Marketing

Critical thinking plays a key role in guiding ethical marketing decisions. The table below highlights how critical thinking supports ethical business practices:

Aspect	Description
Values and Guidelines	Define behavioral expectations and align employee actions with organizational ethics.
Accountability	Encourages responsibility and transparency in marketing operations.
Unified Ethical Approach	Promotes consistent ethical behavior across departments and regions.
Trust Building	Strengthens stakeholder relationships through honest communication.

Clearly defined values and ethical guidelines establish behavioral expectations and guide employees in upholding the company’s ethical standards, ensuring a unified approach to business conduct (Waseem, A).

Second Key Functional Area

What role does the production process play in business success?

The production process forms the foundation of every business. Without a reliable product, marketing efforts would be ineffective, potentially leading to a company’s failure. One effective method for improving production is co-production, which promotes collaboration among all stakeholders.

The principles of co-production are outlined below:

Co-Production Principle	Explanation
Power Sharing	Decision-making authority should be distributed among all participants.
Diverse Perspectives	Encourage input from individuals with varied skills and backgrounds.
Respect for Lived Experience	Value and incorporate firsthand experiences into the process.
Mutual Benefits	Ensure that all involved parties benefit equally from outcomes.
Community Inclusion	Engage directly with communities rather than expecting them to approach the company.

These principles foster collaboration and shared responsibility, ultimately enhancing product quality and innovation (Albert et al., 2023).

How does critical thinking contribute to organizational success?

Critical thinking is a key driver of daily organizational success. It enhances problem-solving, communication, risk management, and decision-making—all vital functions for long-term sustainability. Encouraging employees to analyze situations critically allows them to consider multiple perspectives, leading to deeper insights and more effective decisions.

This process transforms raw information into actionable insights, which then translate into impactful organizational actions that foster growth, adaptability, and long-term success.

Conclusion

In conclusion, marketing and production are the cornerstones of corporate success, serving as the essential link between the company and its stakeholders. These two functional areas work hand in hand to ensure that products meet market demands while effectively communicating the organization’s vision and values. Their seamless coordination not only builds trust but also drives growth and sustains a competitive advantage in today’s fast-paced business environment.

References

Albert, A., Haklay, M., Islam, S., & McEachon, R. (2023). Nothing about us without us: A co-production strategy for communities, researchers, and stakeholders. Health of Medicine, 836–846. https://doi.org/10.111/hex13709

BellaVista Promotions. (2015, June 29). BellaVista Promotions reveals why marketing is so important. https://bellavistapromotions.co.uk/

BUS FPX 2007 Assessment 3 Business Ethics and Social Responsibility

Schneider Electric. (2025, March 25). Schneider Electric plans to invest over $700 million in the U.S., supporting energy & AI sectors and job growth. https://www.se.com/

Sheridan, N. (2025). Schneider Electric marketing strategy 2025: A case study. Latterly.org.

Waseem, A. (n.d.). Ethical guidelines in business operations.