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Business Ethics and Responsible Management

   

Added on  2023-01-18

13 Pages4010 Words75 Views
Business Ethics and
Responsible
Management

Table of Contents
INTRODUCTION...........................................................................................................................3
PART 1............................................................................................................................................3
PART A...........................................................................................................................................3
Importance of business ethics within the organisation...........................................................3
Issues of business ethics in the organization given in case study...........................................3
Role of Business within the society........................................................................................4
Effect of business activities on Stakeholders.........................................................................5
Example of good and bad ethics.............................................................................................6
Recommendation....................................................................................................................6
REFERENCES ...............................................................................................................................6
PART B............................................................................................................................................8
Discussion on two ethical theories.........................................................................................8
REFERENCES ...............................................................................................................................9
PART 2..........................................................................................................................................10
Reflective essay of ethical Leader .......................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................13

INTRODUCTION
Business ethics can be defined as the set rules and regulations which are needed to be
followed by business organisation in order to accomplish the target which organisation wants to
accomplish within the given time period (Wettstein, 2015). It is important to understand that any
of the business organisation is not allowed to take those business decisions which creates
problem for the business organisation. Performance of company can be easily declined if
unethical decisions are being taken by the organisation. In context of the file, the chosen case
study is EA Games: FIFA, Loot boxes and Whales. It is one of the American based company
which is involved in the gaming world. Whole of the report will be written by middle manager to
senior manager about the concept that what people are thinking and what are the changes which
is required within the company. In part A, there will be detail description about the business
ethics and its importance and whereas what are the main ethical issues which are being faced by
the company. Also, impact on the stakeholders will be explained. In part B, ethical theories will
be explained in context of chosen case study. Finally, in second part, there will be the
explanation that what are the ethical terms which is needed by the leader in reflective format.
PART 1
PART A
Importance of business ethics within the organisation
It can be easily said that business ethics plays the crucial role in any of the business
organisation as it gives the fair idea to organisation that how company can accomplish their goals
in a systematic manner (Hemberg, Syrén and Hemberg, 2018). If any of the business
organisation follows the business ethics then then it will become an easy task to take any of the
fair decision through which goals can be accomplished easily as per the requirement of a
company. In addition, it can easily improve the level of trust for stakeholders towards the
company.
Issues of business ethics in the organization given in case study.
The case study which has been given in the file is related with the EA Games which is
one of the multinational companies which distribute the games worldwide. This game are very
popular among the children as they are able to play those games by the choice of their team.

Here, company also offers number of loot boxes which has been creating the problem for
parents. There are number of gamers who try to collect the loot box for getting rewards but at the
end of the day they are unable to get any of the rewards which is unethical from parents point of
view. By looking at the situation, the legal body of UK is explaining that they must examine
each factor to find whether all of the work which has been conducted by the company is ethical
or not. On the other hand of side, Vice president of a company is explaining that they are not
conducting any of the unethical activity and it is necessary to understand by the users that loot
boxes are just for the purpose of fun and providing gifts to gamers (Homann, 2016).
Role of Business within the society
In any of the business organisation, it is necessary to that company must conduct each
work in as systematic manner. If in any of the situation company fails to do so then it might
create legal problem for the business organisation. So, by looking at this requirement, it is
necessary for business organisation to understand that they must satisfy their customers’ needs
which will directly help the company to accomplish their goals within the specific time period.
The second duty which is needed to be understood by the company is that they must conduct
those work which can help to improve the level of society. It becomes crucial for the company
to work as per the ethical codes because that will help them to take positive decision for the
company. In context of the given case study, the decision which are being taken by EA Games
are not in favour of company because it has been creating lots of problem for the users because
directly or indirectly, the money of parents are being used in wrong direction (Kaplan, 2017).
The wrong concepts are also being generated in among the children because they do not have the
knowledge that whether they should give focus on work or whether their target should be related
with personal benefits.
While talking about the company, they are needed to make clear about the games which
they develop because it is necessary to understand that they must not conduct any of the activity
which create problem for the society. Secondly, they must justify among the gamers that loot
boxes and whales will not allow anyone to earn the money as it will just incur the expenses as it
is just for the purpose of fun. In addition, loot boxes and whales is one of the critical case which
means it is necessary to for company to prepare the clause which will explain about its benefit
and disbenefits for public at large. If all of this can be done by the company then they can easily
ensure that company is not conducting any of the unethical terms which can create issues for the

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