How the implementation of code of ethics reduce the frustration among staff

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How can the implementation of code of ethics reduce the frustration among staff and increase the transparency, when conducting organizational downsizing as a result of exceptional conditions, such as Covid-19? Case study of Emirates airline

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How implementation of code of ethics reduce the frustration among staff

A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. The rapidly threat around the Covid-19 virus, is impacting the business and investor community across the world. As the event evolves, we are seeing companies take measured approaches to safeguard employees and mitigate financial and operational exposure. Employers may consider adjusting the salary and wages of an employee. A code of ethics is important in this process because it is important to note that this operation needs to be exercised with particular caution, to avoid possible labor litigation, which may put the employer at a disadvantage. Regardless of size, businesses count on their management staff to set a standard of ethical conduct for situations like this.

The Solow and Swan model is a thus contradiction to the classical Keynesian model of economic growth which claim that the capital-output ratio is exogenous.

In fact, Solow and Swan proposed a growth model where the capital-output ratio was the adjusting variable that would lead a system back to its steady-state growth path.

In the Solow Model countries reached a sort of equilibrium called a steady state. The steady state is where the capital per worker remain constant, investment in capital and loss in capital cancelled each over out. On the graph, it is where the level of investment and the level of is where the level of depreciation meet, it corresponds to the investment Y* and the level of capital K*. If a country is at a point where their investment is currently higher than the depreciation rate of capital, the level of capital will then grow toward the steady state point because their investment is higher than the loss of capital. The same is true on the opposite side as well. If the current investment is less than the current depreciation of capital then the amount of capital will decrease because their investment is less than loss. Therefore, despite where the country currently is they will continue to be pulled toward the steady state level of capital and output per worker, unless they are able to change some fundamental aspect of the economy such as saving rates or the depreciation rate.

Once a country reach its steady state the economy will become stagnant and growth can only be achieved through innovation and/or technological advancement.

This aspect of the Solow Model that suggest that all economies under equal circumstances converge over time to have the same amount of income per worker. That is to say that the gap between the rich and poor country will shrink. This is because in poor countries, each additional unit of capital would have greater returns than in the richer countries because they have started with much less capital. And the richer countries will experience the diminishing return of capital in a much higher de

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