Business Ethics and Responsible Management

Business Ethics and
Responsible Management

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
(a). Determination of ethical dimensions along with the impact over stakeholders..............1
(b). Application of two different ethical theories in determination of the views over the
concept of ethics in relation to the selected case study..........................................................4
PART 2............................................................................................................................................5
Identification of points that help to build as ethical leader and contribution of ethical manager
in conversion of an organisation to a high ethical standard...................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9
.........................................................................................................................................................9

INTRODUCTION
Business ethics is refers as the use of fair medium for operating business functions. This
includes the implementation and adherence of different policies and practices that will provides
an opportunity to deal effectively with controversial subjects. The aspects which are majorly
concerned under this concept in context to business includes corporate governance, insider
trading, discrimination, social responsibility and fiduciary responsibilities. This can be sustained
within the organisational environment, but in the situation of having effective management.
Responsible management has the duty related to compliance of all the necessary rules,
regulations, standards and legislations within an organisation. This will directly resultants into
creation of positive working culture where all the determinants like ethics, morals and principles
are exist in positive form. The case study selected for carrying research in part one of this report
is named as Ladbrokes: online way to save job. The main objective of part one report is
determining importance of business ethics within an organisation (Ahn and Park, 2018).
This report is divided into two parts. Part one covers about ascertainment of ethical
dimensions and impact over stakeholders, organisational role toward society, influence of good
and bad choice of ethics over organisation and application of the two different ethical theories in
determination of the points over aspect of ethics in selected case. Second part covers about points
that help in formulation of ethical leader and contribution of ethical manager in building
organisation of high ethical standard.
PART 1
(a). Determination of ethical dimensions along with the impact over stakeholders
The case chosen for further analysis and identification of the ethical issues is named as
Ladbrokes: The online way to save job. Ladbrokes is the organisation that has business of
Gambling activities. This was played for the purpose fun. The nature of this game is destructive
as lots of individual lost their everything i.e. money and families. This organisation has
headquarter in London, UK. In 2001, change had been introduced by the betting shops about
introduction of Fixed Odds Betting Terminals. This is the super slot machine which is used by
the punters regarding wining or losing big. Here, allowed to bet up to £100 in each 20 seconds.
This was the reason that large number of people are going to loose big amounts and lost their
everything. This becomes the reason that government took the step of limiting the amount of
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