Business Ethics and Responsible Management

Business Ethics and
Responsible Management

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
(a). Determination of ethical dimensions along with the impact over stakeholders..............1
(b). Application of two different ethical theories in determination of the views over the
concept of ethics in relation to the selected case study..........................................................4
PART 2............................................................................................................................................5
Identification of points that help to build as ethical leader and contribution of ethical manager
in conversion of an organisation to a high ethical standard...................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9
.........................................................................................................................................................9

INTRODUCTION
Ethics is known as values, norms and belief that help in governing the behaviour of
individuals. In society, this will depend over culture and existing conditions. There is huge
impact of this part over the functioning of an organisation. Here, it is known as business ethics
that guide towards the using of fair means for operating business functions. Ethics works as the
standard within an organisation where all employees have to adhere in performance of their
individual functions. This will help to develop the culture of uniformity in policies. Acceptance
of same within an organisation help to deliver morally correct outputs that does not have any
kind of harm over society individuals or environment. The concept of ethics has wide scope. The
aspects which are simultaneously recognised as unethical in nature includes insider trading,
discrimination and non-fulfilment of social responsibility. The presence of ethics is visible in an
organisation where management is effective (Ahn and Park, 2018). The effectiveness of
management is ascertained from their capability of fulfilling responsibilities. They have the duty
regarding adherence and compliance of all necessary industry policies, legislations,
organisational standards etc. The case study presented in the report is of Ladbrokes.
The report has two different parts. The aspects covering in part one includes role of an
organisation toward society, impact of ethical dimensions over stakeholders, impact ascertained
by an organisation due to acceptance of good and bad ethical choices and application appropriate
theories for understanding the concept. The second part depicts about the concept of effective
leader and manager along with contribution towards building an organisation ethical.
PART 1
(a). Determination of ethical dimensions along with the impact over stakeholders
The case chosen for further analysis and identification of the ethical issues is named as
Ladbrokes: The online way to save job. Ladbrokes is the organisation that has business of
Gambling activities. This was played for the purpose fun. The nature of this game is destructive
as lots of individual lost their everything i.e. money and families. This organisation has
headquartered in London, UK. In 2001, change had been introduced by the betting shops about
introduction of Fixed Odds Betting Terminals. This is the super slot machine which is used by
the punters regarding winning or losing big. Here, allowed to bet up to £100 in each 20 seconds.
This was the reason that large number of people are going to lose big amounts and lost their
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