Importance of Business Ethics: A Case Study of Amazon
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This report discusses the importance of business ethics and examines the case study of Amazon. It explores the CEO's perspective, worker opinions, politician views, and consumer expectations regarding ethical practices within the organization.
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Executive summary Business ethics are important part of the organisation and play important role within the firm toward the success and achievement of its goals and objectives. Business ethics are applied in professional manner within the organisation which will help in examining the ethical principles and moral within the employees and of the organisation. in this report there is discussion about different factors related to business ethics where the case study of Amazon and ethics taken. Jeff Bezos Serving as a CEO of Amazon, In his time Amazon is suffering from harsh working condition for the employees as well as tax avoidance which impacted on the ethical practices of the organisation and the different opinion of customer politicians Jeff business as well as workers within the organisation will be discussed in this report.
Table of Contents Executive summary....................................................................................................................2 INTRODUCTION......................................................................................................................4 MAIN BODY.............................................................................................................................4 Whether the CEO of Amazon thinks ethics should be the main priority of an organisation.4 Whether the workers think ethics should be the main priority of an organisation................5 Whether politicians think ethics should be the main priority of an organisation...................5 Whether consumers think ethics should be the main priority of an organisation..................6 CONCLUSION..........................................................................................................................6 RECOMMENDATION.............................................................................................................6 REFERENCES...........................................................................................................................8 Books and journals.................................................................................................................8
INTRODUCTION Business ethics can be defined as that form of ethics which are in applied in professional manner within the business that examine the ethical principles and moral within the organisation which will arise in business environment.it apply to the all aspects of the business conduct and is relevant to the conduct of individual within the entire organisation (Ruge and McCormack, 2017). Business ethics are important part of the organisation because some businessman practices by doing unfair trade practices like black marketing artificial high pricing and many more. Use of business ethics will reduce these kinds of malpractices done by businessman. Importance of business ethics is that they are mandatory to survival of the business because if a business doesn't follow the business ethics then it will get only short term success and failure in long run because of improper image within the market. Business ethics are also required to protect the interest of the employees, shareholder, competitor, dealer and supplier were directly linked to the organisation and can suffer because of unfair trade practices. In this report the case studies of Amazon and ethics. Here there is discussion about different aspects of the Amazon as well as character of JEFF BEZOS practices within the Amazon. It can be seen that management is not following the ethics within its business which impactingnegatively on the employeeâsperformance as well as the Goodwill of the organisation within the market because of political interventions due to non-fulfilment of ethical liabilities of the organisation(Göpferich and Neumann, 2016). Compared to other companies like test then it can be seen that is following more ethical practices within the organisation where the employee satisfaction is also higher as well as the image of test and founders are also good within the market. There is no legal liability of if it is compared with Amazon because it fulfils all ethical duties of the organisation and related to employees as well as society. In this report there is discussion about whether the CEO of Amazon things that ethics should be main priority of the organisation or not. There is also a discussion about what is the opinion of worker related to following ethical practices within the organisation. There is also a discussion about the political thinking related to ethical consideration within the organisation and can it become a main priority of the organisation. The consumer perspective related to earth it should also be discussed within this. MAIN BODY The main purpose of Amazon is to follow the ethics in business organisation. It has been analysed that management team of Amazon company does not follow at things that imposes negative impact on the Goodwill of the organisation full stops therefore it is necessary for organisation to fulfil the ethics with an organisation. In this assignment there is a description regarding in the opinion of subordinate in relation to the ethical practices that is followed with an organisation for stocks therefore the main purpose of Amazon company is to follow the ethics so that it increases brand image and value of company in front of customer at Marketplace. The other thing is that they focus is on providing priority to ethics that is followed in the company. It increases profit margin and sales of company in future
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period of time. It also increases the experience of customer during the particular phase of time period Whether the CEO of Amazon thinks ethics should be the main priority of an organisation. From the mentioned case study it can be concluded that the CEO of Amazon JEFF BEZOS doesn't consider ethics a main priority of the organisation. Amazon is doing various kindsofunethicalpracticeswhicharedirectlyrelatedto taxavoidancelowcareof employees. This can be seen from the case study that Amazon is a large organisation but it is avoiding tax in various countries. So this is unethical practices and there is no action taken against these practices by the CEO of Amazon JEFF BEZOS(Guraya and Chen, 2019). This directly states that the CPU doesn't pay more attention to ethical practices within the organisation and it can lead to dissatisfaction with the employees as well as society and will reducethefuturegrowthoptionsfortheorganisation.Accordingtostudymade by(Chernyshov,2016),organisationdoesn'tfollowtheethicalpracticeswithinthe environment which it is trading then it can lead to different negative outcomes to the organisation and will directly impact the long run of the organisation business. This is seen that in 2016 Amazon earn 24 million Euro profit in UK and this increase 72 million Euros in 2017. In 2016 Amazon paid 7.4 billion as a tax against the income of 24 million. But in 2017, it paid only 4.6 million taxes against the profit of 72 million which directly shows that Amazon is doing a tax avoidance which is not illegal but covered under unethical practices by an organisation and JEFF BEZOS doesn't pay attention to this which directly states that he is not interested in ethical practices within the organisation. Whether the workers think ethics should be the main priority of an organisation From the above mentioned case study this can be concluded that the worker within the organisation things that should be the main priority of the organisation this is because they are protesting against their CEO JEFF BEZOS because of an ethical practices and unfair practices with the individuals who are working within the organisation. At time, JEFF BEZOS taking the Axel Springer award, the worker of the Amazon are protesting against the dangerous working conditions within the warehouses of the Amazon. This is because they are continuously facing the different aspects related to unethical practices within the organisation which are in form of long shaped use pressure to reach the target and increased working hours(Moore and Morton, 2017). All these are impacting on the performance of the employees as well as their health which will increase their health expenditure and reduce their life expectancy. So worker are concerned about the ethical practiceswithin the organisation because this also impact negatively on their reputation as well as lead to dissatisfaction among the employee is related to the work assigned to them. According to to the consideration made(Cottrell, 2019), workers are always concerned with the business ethics and follow-up of these business ethics because this will help them directly to increase their job satisfaction and manage the work in an appropriate manner so that they can use their motivation and productivity and reach to the length of their life and achieve their objectives. The warehouse worker has the most effect of unethical practices within the organisation should they are directly concerned with the ethical practices within the firm so that they can increase their benefit as well as get what is right for them.
Whether politicians think ethics should be the main priority of an organisation. According to the viewpoint of(Cottrell, 2017), Politicians are the person who is made to become a good leader where they can lead the people and the society towards the ethical practices as well as maintaining a good consideration of business and society so that they can manage ethical practices and provide benefits to both businesses and society. In reference to the current case study of Amazon and ethics, this can be seen that politicians within different societies are directly focused on the ethical practices and they think that there must be a priority within the organisation to ethics. Jeremy Corbyn and Donald trump great politician as well as leader of their respective countries. And both of them pay their interaction between the unethicalpracticesdoneby the Amazonwithin differentcountriesrelatedto tax avoidance and dangerous working conditions within its warehouses. In their various political agenda as well as conferences they point out Jeff Bezos for doing unethical practices related to tax avoidance and dangerous working conditions of the employees in his warehouses. This is because ethical practices are a must for the organisation and lead to a perfect society which is the agent of both Donald trump and Jeremy Corbyn. So, this is clear that both are in favour of ethical practices which should be followed by the organisation to boost its working condition as well as increase the welfare towards the society so that society in business can grow together. Whether consumers think ethics should be the main priority of an organisation. According to the perspective of the customer ethical practices are always important for the business because directly and indirectly their related to the quality served to the customers. this can be seen from the above mentioned case study related to Amazon and ethics where Jeff bases doesn't pay more attention to the ethics within the organisation and the Amazon is involved in practices related to tax avoidance and dangers working condition for amazon's warehouse workers(Sigalit, Sivia and Michal, 2017). If Amazon doesn't pay the text effectively than it is impossible for the government to use this text for the welfare of the individuals who live within the society and these individuals are the end consumer of the product supplied by the Amazon. Customer always in the favour of ethical practices within the organisation so that they can get the direct and indirect benefits related to ethical practices as well as development of the society where they are living. CONCLUSION It can be concluded, that it is important for every organisation to follow the business ethics which will help the firm in maintaining the Goodwill within the market as well as increasing the satisfaction of employees, shareholders, competitors, dealers and customers within the market. In context of Amazon, the CEO of Amazon is Jeff Bezos. it can be seen that Jeff Bezos is not the person who follow business ethics effectively which can be seen in the different conference of various political leaders like Donald trump criticise Jeff Bezos for his unethical practices within different countries related to tax avoidance as well as improper working conditions within the warehouses. There are various stakeholders like politicians customers and workers within the Amazon who things that ethical practices are a must for the organisation and they can be the priority of the form while doing their business. it can be concluded that it is important for the shaft basis to think about ethical practices within the
Amazon and try to reduce negative things so that firm can achieve these ethical practices and can increase its Goodwill in the market. RECOMMENDATION âEthics important part of the organisation and if the organisation follows the ethical practices then no one can stop the form to be success for long period of timeâ From the above mentioned statement there are some recommendation to Amazon and the CEO Jeff Bezos to follow the ethical practices within the organisation and achieve the business objectives in limited time frame. 1.The recommendation must be adopted by Amazon company e is they implement innovative technology in order to provide online services to its customer in easy manner. It helps in attracting more and more customers towards company and also increases profit margin in future period of time. They also offer discount free sample to its customer for boosting brand image and reputation of company in front of customer at Marketplace. It is recommended to the Amazon and Jeff business that organisation must stop its practices related to tax avoidance within each and every country.thiswilldirectlyimpactonthebehaviourofindividualswithinthe organisation as well as increase the customer base for the firm because good ethical practices will help the firm in increasing its reputation and attracting large number of customers because of a proper Goodwill within the market, tax avoidance always leads to decline in the Goodwill of the firm and Goodwill is the only way to increase the profit for the near future as well as reputation of the organisation to stay for a long within the business(Litchfield, JavernickâWill and Maul, 2016) 2.Furthermore it is necessary for Amazon company to focus on the customer for satisfying them full stops they offer a unique and specific product and services to its customer in order to gain competitive edge over rivalries at Marketplace. It helps them in making appropriate strategy for boosting productivity as well as profit margin during the particular phase of time period.The one more recommendation to Amazon is that it has to improve its working conditions within the warehouses by ensuring the safety norms within the organisation so that it can reduce the chances of conflict as well as injury. This will directly increase the motivation of the employee as well as provide an effective care to the employees so that they can work more productively within the organisation and will never leave the firm. For this organisation can also use effective training and development program where it can train the employee related to different aspects of the job so that they can perform effectively by eliminating the chances of accident(Tantawi, Sadaf and AlHumaid, 2018). 3.The Other recommendation for Amazon company is the focus is on explore their business across the world. If they operate their business worldwide then it is easy for company to increase their brand image and reputation in mind set of user at Marketplace, It is also recommended to the Amazon that it have to follow all the rules and regulation formed by different governments which will never arise any legal liability to the organisation and will also help in following the ethical practices within
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the firm. By fulfilling these rules and regulations, organisation can directly increase its Goodwill within the market because of ethical practices and will lead to success in the future as large number of customer will attracted towards the firm because of fulfilment of different legal liabilities(Meissner and Shmatko, 2019).
REFERENCES Books and journals Chernyshov, K.R., 2016. Application of System Identification Techniques to Revealing ProfessionalSkillsof Teamsof Human-Operators.IFAC-PapersOnLine,49(32), pp.107-112. Cottrell,S.,2017.Criticalthinkingskills:Effectiveanalysis,argumentandreflection. Macmillan International Higher Education. Cottrell, S., 2019.The study skills handbook. Macmillan International Higher Education. El Tantawi, M., Sadaf, S. and AlHumaid, J., 2018. Using gamification to develop academic writingskillsindentalundergraduatestudents.EuropeanJournalofDental Education,22(1), pp.15-22. Göpferich, S. and Neumann, I., 2016.Developing and Assessing Academic and Professional Writing Skills(p. 205). Peter Lang International Academic Publishers. Guraya, S.Y. and Chen, S., 2019. The impact and effectiveness of faculty development program in fostering the facultyâs knowledge, skills, and professional competence: A systematic review and meta-analysis.Saudi journal of biological sciences,26(4), pp.688-697. Litchfield, K., JavernickâWill, A. and Maul, A., 2016. Technical and professional skills of engineers involved and not involved in engineering service.Journal of Engineering Education,105(1), pp.70-92. Meissner, D. and Shmatko, N., 2019. Integrating professional and academic knowledge: the link between researchers skills and innovation culture.The Journal of Technology Transfer,44(4), pp.1273-1289. Moore, T. and Morton, J., 2017. The myth of job readiness? Written communication, employability,andtheâskillsgapâinhighereducation.StudiesinHigher Education,42(3), pp.591-609. Ruge, G. and McCormack, C., 2017. Building and construction studentsâ skills development foremployabilityâreframingassessmentforlearningindiscipline-specific contexts.Architectural Engineering and Design Management,13(5), pp.365-383. Sigalit,W., Sivia,B. and Michal, I., 2017. Factorsassociatedwith nursing students' resilience: Communication skills course, use of social media and satisfaction with clinical placement.Journal of Professional Nursing,33(2), pp.153-161.