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Business Ethics Assignment Solution

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Added on  2020-10-05

Business Ethics Assignment Solution

   Added on 2020-10-05

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Business Ethics
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Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1a. Brief report ..............................................................................................................................1b. Implementation of ethical theories...........................................................................................4PART 2............................................................................................................................................5Factors that makes an ethical leader and reflection on the way in which ethical managermanages business.........................................................................................................................5CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
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INTRODUCTIONBusiness ethics are referred to as moral guidelines which determines the manner in whichbusiness activities are conducted. The moral guidelines are applicable to individuals andbusinesses and assures that activities and tasks are conducted in an acceptable way. In otherwords, it can be defined as the analysis of appropriate practices and policies of business that arerelated to controversial issues such as bribery, corporate governance, discrimination, insidertrading etc. It guides the individuals to focus of the decisions that are taken by them are right orwrong (Abend, 2014). This report takes into consideration the case study of NHS to understandthe importance of ethical thinking. This assignment covers various topics such as issues that aretaking place in NHS, their dimensions, role of business in society, benefit and impacts of goodand bad choices, the way in which stakeholders get affected. Apart from this, different types ofethical theories, factors that make ethical leader and role of personal ethics, organisational valuesand methods in guiding ethical manager to manage a business are also covered in this report.PART 1a. Brief report A rule is being implemented by NHS for its staff members including doctors andmanagers in which they have to record every gift and grants of more than £50. They are requiredto record any winning and dining which is more than £25 and gifts more than £50. The main aimof this policy is to reduce the negative consequences that are taking place due to conflict ofinterest of doctors (Brenkert, 2016). All the subsidiaries of NHS are ordered to keep a register inwhich potential conflicts of interest that are held by the staff members are going to be recorded.There are various types of issues that are taking place in NHS these are as follows:Officials were found to be in the pay of drug firms: Doctors and managers in NHSwere found to be in the pay of drug suppliers. According to an article of ABPI themembers of the organisation that are involved in assessing of drugs were receiving ahigher amount which is up to £100000 per annum from pharmaceutical companies (Casestudy of NHS, 2019). A new law is being implemented by NHS in which they arerequired to declare all their incomes from private practice and they will be banned if theyaccept gift more than £50. The ethical dimension for the issue is Utilitarian approachwhich was formed in 19th century by two individuals, Jeremey Bentham and John Stuart1
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