Business Ethics: Unethical Practices and Stakeholder Impact

Business Ethics

Table of Contents
INTRODUCTION...........................................................................................................................3
PART 1............................................................................................................................................3
a) Explanation of ethical concern and identification of key stakeholder...............................3
Recommendations..................................................................................................................4
b) Ethical Theories.................................................................................................................5
PART 2............................................................................................................................................6
Qualities for ethical leadership and creation of ethical organisation.....................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business ethics is concerned as philosophy that is related to decisive making capability of
business enterprise in order to check out that things are being done in right manner or not. The
term is also engaged with various moral issues so that it can easily be determine that business
activities are formulated morally correct or not (Idowu and et. al., 2013). Effective compliance
with all ethical values allows business associations in developing strong corporate image at
marketplace that is helpful in enhancing their productivity in rightful manner.
The current report relies upon case study of Ladbrokes, a well known British gambling and
betting company which is headquartered in London, UK. This project will explore all dimensions
of ethics associated with this company. It also provides explanation about Kantianism and
utilitarian framework related to the case scenario in order to determine ethical errors in it. In the
last section of this project, assessment of different qualities required for ethical leadership will be
explored for developing effective and ethical company.
PART 1
a) Explanation of ethical concern and identification of key stakeholder
The main aim of present report is to investigate about various types of unethical practices
that are incorporated by business enterprises and its influence over organisational performance.
With reference to Ladbrokes, it is becoming victim of frequent closure of their gambling store as
per the governmental instruction (Ladbrokes staff told to sign gamblers to online accounts to
avoid redundancy, 2019). In order to incorporate with this, they top most authority is firing
employees at constant basis. This has created interest of conflict at workplace because the
company is now opting for non rightful activities in order to fire employees from their
companies. This have also affected employment rate of UK because around 5000 people have
lost their job because 1000 shops among total of 3500 have been closed (Ladbrokes Coral fined
after customer lost £98,000, 2019). Here, the main wrong activity found by Ladbrokes is its way
of choosing employees for terminating them. In order to cope up with the huge loss, this
company has mainly targeted customer service managers for termination. They have placed offer
in front of customer service managers that one who will influence maximum number of
customers towards online gambling can secure their job.