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Assignment on Business Ethics (Doc)

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Added on  2020-10-22

Assignment on Business Ethics (Doc)

   Added on 2020-10-22

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Business Ethics
Assignment on Business Ethics (Doc)_1
TABLE OF CONTENTSINTRODUCTION:..........................................................................................................................1PART 1............................................................................................................................................1a) What is normative ethical theory?..........................................................................................1b) Outline one non-consequentialist and one consequentialist approach....................................2PART 2............................................................................................................................................3a) Carefully define corporate social responsibility.....................................................................3PART 3............................................................................................................................................6a) Carefully define the concept of stakeholders..........................................................................6b) Impact of organisation actions on these employees and customers .......................................8CONCLUSION:...............................................................................................................................9REFERENCES:.............................................................................................................................10
Assignment on Business Ethics (Doc)_2
INTRODUCTION:Business ethics is related to how organisation performs their roles and responsibilities.Generally, it consists of four elements that are commitment, responsibility, quality andreliability. Ethics describe the way in which business solves problems. Ethical considerationsdescribe the organisational culture (Crane and Matten, 2016). It shows the way in whichemployee’s values and beliefs are respected in business. Besides this, it is important to follow thespecific ethics that will help in creating a better environment. Moreover, there are various ethicaltheories that are followed by business while developing the ethical policy. This report willdescribe a normative ethical theory and its strengths and weaknesses as well. Along with this, therole of corporate governance in business is studied here. At last, the impact of stakeholders onorganisation is discussed (Trevino and Nelson, 2016). For this report, organisation selected isTesco. It operates globally in the retail sector.PART 1a) What is normative ethical theory?It is a part of ethical action that investigates how employee should act or speaks in theorganisation. It creates outlines for setting moral principles and taking decisions. The purpose ofnormative ethical theory is to articulate an ethical code that determines what behaviour is moraland what is not (Armstrong, Harker and Brennan, 2015). It describes ethical and moralphenomena. It helps in generating moral standards, principles and judgements. Moral standardsdiffers from moral principles, it provides the criteria to show what moral actions should consists.Moral principles focus on actions that describes what is moral and immoral. In this theory moralprinciples is the final level. There are three levels in this theory.
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