Business Ethics and Responsible Management

Business Ethics and
Responsible
Management
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INTRODUCTION...........................................................................................................................4
PART 1............................................................................................................................................4
1. The ethical issue involved in having loot boxes in the organisation......................................4
The roles of the business for the society......................................................................................4
The alternatives ways..................................................................................................................5
Effect of business on the various stakeholders............................................................................5
Recommendations........................................................................................................................6
REFERENECS................................................................................................................................6
2. Explain two ethical theories.....................................................................................................7
REFERENCES................................................................................................................................8
Reflective summary...................................................................................................................10
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
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INTRODUCTION
Business ethics is the study of ethical practices that are included in the corporate social
responsibility, insider trading, corporate governance and bribery. The ethics are responsible for
the public image of the organisation (Cornuel and et.al., 2015). They are helping the organisation
in smooth functioning. It is important for the organisations to have business ethics to increase the
performance. The report is on the case study of Fifa and loot boxes and whales. The report
includes the ethical issues in the organisation, the impact on the organisation, recommendations,
the ethical theories of the organisation and the roles of the ethical manager in the organisation.
PART 1
1. The ethical issue involved in having loot boxes in the organisation
The organisation are successful when they are having ethics which are helping them to
make the decisions. The ethical practices of the organisation are helping them in making the laws
that are governing the organisation and improving the work culture for the employees. The
organisation should increase the performance by ethical practices and they should have the laws
that are helping the business to smooth functioning. The business ethics are the culture of the
organisation that is helping them to make the laws for improvement and they are not impacting
others and increasing the performance (Hauser, 2020).
The case study is on the ethical issues with the loot boxes and whales for Fifa. The loot
boxes is the plan used by the organisation in which they are giving the online games free to
customers and then they are charging in game or through advertisement. The loot boxes are the I
game purchasers used by the organisation. The issue is that they are gambling and involve
children and they are having profits because of the in game purchasers. They are using the bank
accounts for gaming and there is money involved in attracting customers who spend to get in
return but they are not getting anything. The Fifa loot boxes are having the Fifa ultimate team
that is the feature that is attracting customers. They can select the team according to them and
they will get the players that they will not get in freemium and they will have to spend $60 to
have Lionel Messi in the team.
The roles of the business for the society
The organisation are giving good to the society and they should help them in increasing
the performance. The business should be ethical because they will affect the society. The
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employees are important for the organisation and they should help them to have a work culture
that is increasing the performance for the people who are affected by the decisions of the
organisation (Tajalli and Segal, 2019). The Fifa loot boxes are affecting the gamers. The gamers
are not interested in the in purchase games and they are involving money. The organisation are
using children as the main factor for attracting the and they are spending money for getting
something. They are comparing the loot boxes with the Kinder Egg where they get the toy but in
loot boxes they are not getting anything and they are the virtual games that are looting gamers.
The alternatives ways
 The organisation should explain then customers the impact of the loot games on the needs
and they should not make them think that they are getting something. The loot boxes
should not be on ion purchase and they should not involve money. The customers can use
virtual money as they alternative in the organisation.
The Fifa loot boxes are increasing the needs of customers to have the players who are making
them improve the performance. They should make the game win according to the game and not
make the heroes the factor for attracting customers. The organisation should focus on increasing
the performance (Maniora, 2017).
Effect of business on the various stakeholders
Stakeholders are the people who are engaging in the business like FIFA, who are directly
affected with the operations of the company. Shareholders, customers, investors all are the part
of the stakeholders of the respected company. If FIFA manage their stakeholders effectively than
they will enhance the long term success and viability of the company. There are various
stakeholders of the company which are describe below:
Customers and community: The way to the success of the any company is meet the
need and demand of the customers and community. Customers provide the running cash flow
and revenue which is needed for Fifa to earn the profit and meeting daily operating activities. If
the company not participated in the customers need they will face the negative impact.
Employees of ever rank: Loot box are the disadvantage of the company and to
overcome this issue employees of the Fifa are work effectively. They provide the good services
to the clients so that customers can feel safe and secure. When Fifa operate in a regular and
effective manner than they can easily maintain and attract the customers. Empowerment of the
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