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Business Ethics and Responsible Management

   

Added on  2022-12-26

11 Pages3888 Words28 Views
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BUSINESS ETHICS AND
RESPONSIBLE
MANAGEMENT
Business Ethics and Responsible Management_1

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Part 1 ...............................................................................................................................................3
Part 2................................................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................1
Business Ethics and Responsible Management_2

INTRODUCTION
Business ethics is the learning of suitable business policies and activities with regard to
prospective arguable subjects which includes inside trading, bribery discrimination, corporate
social responsibility, corporate governance and fiduciary responsibilities. It examines the ethical
principles and moral or ethical difficulties that can originate in a business environment.
Responsible management describes the concept of seeking a balance among the interests of the
entire world i.e. environment, people and company to flourish for the goodness of both the
current and future generation (Martin, 2020).
Out of the five given case studies, this report will include the case study on the “Supply
chain and human rights abuses: this does not smell right — warnings to the Tuna company”.
This report will also highlight the ethical dimensions related to issues has been evaluated along
with the help of methodical theories and the personal persona about the conditions that bring
unethical organizations practices will be described.
MAIN BODY
Part 1
A) Ethics is a kind of philosophy which involves systematize, defensive and recommending
conception of wrong and right behaviour within the organization. In the contemporary market
space, business ethics is an inseparable element for any corporation. Business ethics is a broad
term when it comes to the corporate world includes several issues around the company and
institutions. From the given case study, it has been illustrated that tuna companies have failed in
the practical actualization of setting slavery policies. The business and human rights resource
centre (BHRRC) has addressed this issue explicitly and in detail (Hindle, 2020). According to
the case study it has been shown that many biggest companies who deal in the canned tuna
product are unable or failing to tackle modern slavery in order to their Pacific supply chains.
Companies leave a thousand of their employees or workers at sea under human rights abuses
threat. Nearly, 60% of the world tuna fisheries comes from the Pacific alone and consistently
claims the human rights that are abused in terms of their workers at sea which includes issues
related to physical abuse, non-payment of wages at proper time intervals and throwing the
fisherman overboard have highly impacted the workers (Crane, 2019). This kind of issues are
Business Ethics and Responsible Management_3

handling by the workers from past various years. According to the BHRRC, the tuna supply
chain is complex, muddy and remote in nature.
As when the shocking abuses being exposed , tuna companies take little actions in order
to protect the workers and even themselves as well. This case study finds that most of the tuna
companies need to importantly step up their efforts to prevent, identify and prevent modern
slavery in their supply chain and provide compensation for workers in order to step out from this
issue. This particular case is explored as an ethical issue or question by the BHRRC as it violates
the human rights and migrant workers were especially vulnerable to spend extended period at
seas, where the workers are physically isolated by the company owners. The major and only
purpose of the owners of the tuna companies is to increase their profit irrespective of the needs
and wants of the workers that are doing work for them. The workers have only few options to
escape and reported abused by the company owners (Teulon, 2019). The topic of appropriation
and trapping the workers in forced labour has also been highlighted. Owners supply forged
documents of the workers rendering men stateless and captains leaves crew stranded on remote
island as punishment are unethical practices done by the companies. These all had happened just
because the companies are no longer required the candidates to work with them.
Business ethics takes into consideration the responsibilities of the business person not just
within the company but also within the cultural, social and environmental ways or communities.
The companies have to deal with accountability issues involved in consumer protection,
employee safety along with the total structure of any corporation or business. According to the
case study it has been analysed that the key stakeholders of the company are their employees and
their representatives, but the tuna companies are engaged with external stakeholders only. The
organizations consistently work for their profit margin apart from doing for the betterment of
their workers which leads or generate the issue as an ethical issue. Ethical behaviour and
corporate social responsibility of tuna companies are able to bring significant benefits to the
companies. The major drawback of tuna companies that they face ethical issues which reduces
their companies abilities and maximize profit but this has been only for the short span of time.
With the effective ethical practices, business is able to improve an environment which will
enhance happiness among employees. This is the reason due to which the employees working in
the company are able to feel more comfortable. The employees or workers never wants to
become partially responsible for any unethical consequences. The advantages of ethical
Business Ethics and Responsible Management_4

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