Business Ethics and Responsible Management

Business Ethics and Responsible
Management

Table of Contents
PART 1............................................................................................................................................3
A) ....................................................................................................................................................3
Nature of the ethical issue and the role of business in society...............................................3
Identification of key stakeholders and the impact on them....................................................4
Examples of Ethical choices have dis/benefited other businesses.........................................4
Advice and recommendations for Company emerging from analysis...................................5
REFERENCES................................................................................................................................6
B) .....................................................................................................................................................7
Introduction............................................................................................................................7
Discussion ..............................................................................................................................7
Conclusion..............................................................................................................................9
REFERENCES..............................................................................................................................10
PART 2..........................................................................................................................................11
Ethical leader and the qualities possessed by an ethical leader............................................11
As an ethical manager how can I raise my organisation above the set standards................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
PART 1
A)
Introduction

Business ethics is related to executing business practices and policies with context to
controversial subject area. This applies to all the business conduct aspects and relevant to
conduct of people and whole company. The responsible management is regarded as seeking
balance interest of whole world to proposer for current and the future generations. Morrisons is
largest chain of the supermarket in United Kingdom and its headquarter is in England. In this
company, the issue arise related to gender pay gap (Doucet, Smith and Durand, 2012). Women
employees earn 88p for every £1that every men earn when comparing the means hourly wages. It
is unethical in nature and company should pay to workers on the basis of their job roles. Under
the given report will be discuss about nature of ethical issues and role of the business in society.
Qualities which recognised for the ethical leadership and creation of ethical company will be
discussed here.
Nature of the ethical issue and the role of business in society
Ethical issue refers to situation or issue that needs an individual or company to select
among alternatives which should be examined as the ethical or unethical. Morrisons is facing
same legal action from the shop the floor employers which are represented through other
company. This estimates that almost 80000 staff members of Morrisons could be entitled to the
compensation. Morrisons has become first UK to sign up to new ethical scheme which
empowers employees in developing to talk freely regarding working conditions. Under this
company, ethical issue is related to gender pay gap in company and this arise the complexities in
business. Women workers earn 88p for every £1 that men workers earn when comparing about
the hourly wages (Wood and et. al., 2016). The median hourly wage of female workless is 11.5%
minimum than men. Morrisons has the negative impact on business as not to treat the women
and men employees on equal basis. In regards to pay gap issue, Morrisons could face £1bn bill if
the new legal actions against success of company. Law firm Leigh Day is seeking towards
compensation for the women shop-floor staff members at supermarket which paid less as
comparison to male staff in Morrison.
Around 80000 staff at Morrison store could eligible to claim about pay back to totalling
billion pounds. Other than this, Morrison company is facing equal-pay claim from the store of
staff, increasing stakes in long running conflict regarding value of various kinds of work at
retailers. Regarding the gender pay gap, group of the women is taking the legal action against
supermarket over the claims about not to pay similar as male employees which do same job role.

The unequal pay issue develop negative impact on performance level of employees along with
the organisational productivity (Morrison, 2012). The employees will not work not in a proper
manner and the chances of absenteeism will be reduced. Gender pay gap can be issues from
public policy perspective because this minimized economic output and women are dependent on
the welfare payments.
Identification of key stakeholders and the impact on them
Stakeholder is member of the groups without whose support company would be cease to
exist. It is party which has interest in an organisation and can impact through business. The
stakeholders of Morrison company are exist outside and inside of company. Its internal
stakeholders are managers, directors and employees. On the other hand, external stakeholders
consists shareholders, customers and government. Under this, stakeholders plays a necessary role
in the gender pay gap issues (Groom, 2018). Gender pay gap impact on the working women in
an organisation. This is necessary that women are made aware about their responsibilities and
rights at workplace. The main role of internal stakeholder like managers and directors is to
develop the positive working environment by creating the policies which can give the fair pay to
employees on the basis of their job role and responsibilities in an effective manner. Other than
this, government developed the equal pay gap act for removing the gender pay related issues at
workplace. This act prohibits less favourable treatment among male and fem,ale employees in
context to employment conditions and pay. This act is related to about giving equal pay among
men and women employees for their equal work. It covers people in similar employment and
consists the equality in pay and some other contractual conditions.
Examples of Ethical choices have dis/benefited other businesses
Next Plc is equal opportunities manager and will assure offers about the career
opportunities without any kind of discrimination. This company works in an ethical way by
providing the equal opportunities to male and female workers and also give them equal pay as
per their work. The staff members of this company are integral to attaining business objectives
and its main aim is to attract, sustain and also develop best talent. It ensures about the
differentials in salary among employees at workplace justifiable and fair. On the other hand,
gender pay gap in Starbucks company is zero. It claimed that female and male staff members
earn similar amount. In year 2018, Starbucks company announced that it reached 100% pay
equality for women and men for all races of people performing similar work (Williams and