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Business Ethics and Responsible Management

   

Added on  2023-01-05

11 Pages4056 Words29 Views
Business Ethics and
Responsible
Management

Table of Contents
INTRODUCTION...........................................................................................................................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
PART B............................................................................................................................................6
Discussion on two ethical theories..............................................................................................6
REFLECTIVE ESSAY OF ETHICAL LEADER...........................................................................8
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Business ethics refers to the concept that can develop prominent rules and regulations
which are required and should be followed by business organisation in terms of achieving their
significant goals and objectives within the stipulated period of time. Moreover, it is significant to
understand that most of the business organisations are not permitted to take effective business
decisions as it leads to create issues within the business. Along with this, the overall performance
of company can be prominently declined if unethical factors are considered by company (Nonet,
Kassel and Meijs, 2016). In regard of this, selected case study is on EA Games: FIFA, Loot
boxes, Whales. Respective company is the American based and prominently involved in the
gaming sector. Besides this, the report is divided in two parts as part A consider detailed
description regarding the business ethics and effective significance undertaking the main ethical
issues which are faced by company. Moreover, part B undertake suitable ethical theories which
are described for the selected case study. Lastly, effective explanation is described for the ethical
terms that are required by the leader in reflective form.
PART A
Importance of business ethics within the organisation
Business ethics plays an important role for any business organisation as it tends to offer
fair suggestions and opinions regarding the achievement of goals and objectives of company in
effective way. For this, it is important for company to follow effective business ethics in terms of
making their task quite easy and also tends to take fair and easy decisions in terms of achieving
effective goals and objectives undertaking the needs and requirements of company (Haski-
Leventhal, Pournader and McKinnon, 2017). Besides this, it is also quite easy to enhance the
suitable level of faith for the stakeholders towards the organisation.
Issues of business ethics in the organization given in case study
By considering the case study which is the EA Games as it is the most famous
multinational company that leads to make effective contribution towards the gaming zone at the
worldwide level. Moreover, this game is pretty much popular among people as they are capable
enough to play those games by undertaking the effective choice of their team. Furthermore,
organisation also tends to provide various loot boxes that leads to create significant issues for
their parents as there are number of game players who tends to use effective cards for their

parents within the unethical way and because of this, parents tens to suffer within the future time
period. Along with this, by looking at the effective situation of UK and its concerning
departments tends to explain that they need to analyse each and every factor in terms of finding
effective working which is organised by company in ethical way. Besides this, the vice president
of company tends to explain that they should not conduct any sort of unethical activity which is
quite important to understand by the users for their loot boxes which is just the effective purpose
of gaming and offering gifts to people.
Role of Business within the society
In most of the business organisation, it is important that they need to organise their
working system in effective way. For this, if any sort of situation occur in company then they
tends to fail to do things because it might can create suitable legal issues for the company.
Therefore, by undertaking the prominent needs, it is essential for company to understand that
they need to satisfy the requirements of their customers that prominently helpful to attain
effective objectives and goals within the stipulated period of time. Along with this, the effective
duty which is required to understand by the company need to be organised for the effective
working that leads to enhance the level of society (Kolb, Fröhlich and Schmidpeter, 2017).
Moreover, it also leads to become complex for the company to work according to the ethical
codes as it is helpful in terms of taking positive business decision for the sake of company. In
relation with considering case study, the effective business decision is taken by EA Games is not
in favour of company as it tends to create lot of issues for the individual in both direct and
indirect manner, the funds of parents are also tends to used within the wrong direction.
Moreover, the wrong concept depicts the suitable generation among the children as they does
not have effective knowledge and also tends to provide effective focus in terms of working by
targeting which is concerned with the suitable personal benefits.
Along with this, undertaking the factors of company, they also required to make suitable
clarity regarding the games which they need to develop as it is essential to understand that they
should not organise any sort of activity that leads to develop issue for the whole community.
Besides this, they also need to justify things among the gamers that loot boxes and Whales does
not permit anyone to earn money that leads to incur suitable expenses because it is just for
entertainment and fun. Additionally, loot boxes and whales is one of the critical case which is
important for company in terms of developing and preparing the suitable clause that leads to

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