Business Ethics and Responsible Management

Business ethics and
responsible
management

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Ethical issues...............................................................................................................................3
Role of business in society..........................................................................................................4
Five Stakeholders.........................................................................................................................4
Example of good and bad ethics..................................................................................................5
Recommendation.........................................................................................................................6
Describe the theories....................................................................................................................6
Apply the theories........................................................................................................................7
Recommendations........................................................................................................................8
Part 2 REFLECTIVE ESSAY.........................................................................................................8
REFERNCES:................................................................................................................................11
Books and Journals:...................................................................................................................11

INTRODUCTION
Business ethics are concerned with wrong and right and generally concentrating on what
are the strategies which is best for the investors and stakeholder. On the other side, the social
responsibility is concentrating on the organisation effects on the surroundings and on the
community. Unethical practices and ethics are increasing in which there is one key issue that is
gender gap(Worthy, 2019). Gender gap is the difference among men and women which are
echoic as in political, intellectual, cultural, social attainments and many more. The gender gap
analyse and identify that is the company is doing any unethical practices like differences in
salary on the behalf of genders instead of performance. It is much partial for the gender of
women. This report is going to analysis and conducts the impacts of gender gap with the support
of case study which is given in the brief. In this report, there is Lloyds baking group has been
selected in order to show the impacts of gender gap.
MAIN BODY
Ethical issues
In the company, there are several kinds of ethical issues and problems which are rising in
the company. These problems create several impacts like minimise the efficiency of the workers.
The gender issues or the ethical issues in the community which is occurring and increasing
consistently. Gender gap is the term which shows the difference among the wages or salary of
the men and women. It determine and analyse that the unethical activities in the company are
rising day by day which is create impact on the society and on the morale of the individuality. In
this era. There are various individuals and company that do or perform several unethical
activities which is not good for the society and not for the employees as well. Now each and
every women is concentrating on their future. As they want to become financially in depended,
they want their bright future, But these kinds of thoughts and the activities of the companies in
context of unethical activities create impact on their future and also demotivate them in order to
grow and develop in their lives. The unethical behaviours is not good for any individual as it
create inequality among the people and reduce the respect for each other. These behaviour and
activities also go against the act of equality, 2010. Gender gap is one of the major and critical
ethical issue or problems that must be eliminate by the individuals or by the society because as, it

exploits the emotions and feelings of the individuals towards their quality and confidence.
According to the given case study, it has been analysed and determined that around in 2018,
there were around 250 organisation were needed to represent their data and pay sheet in order to
clear out the gender gaps. The prime minister of UK which is Theresa gave few names which is
burning injustice. It generally or clearly represent that the prime minister of the company is also
against the gender gap.
Role of business in society
Lloyds banking group is the organisation which manage or deals with financial services
in the United Kingdom. The company is very effective and one of the largest financial service
company( Varma, 2019). They have around 30 million and 65k workers in their company. Each
and every company required human resources department in order to operate and perform well
and direct their functions and operations in a very effective and appropriate manner. When in the
company there is no human resources department then its is become much difficult for the
company to dea l an manage the operations. The organisations is using society resources so it is
become their responsibility to behave ethically and appropriately. These kinds of things can be
done by the with the help of ethical practices and activities. From the investigation, it has been
analysed that the company Lloyds baking group is not doing and performing well because in
their company there is gender gap, which makes them ineffective and worst. In the company,
there is more than 30% gap in the company which create impact o9n the employees motivation.
As business activities plays an important role in the company, because as they are the part of
company in context of their failure and their gains. It is much required for the company that they
must perform or behave well with their employees so that they can minimise the bad or negative
impacts from the company and from the society as well. The performance and the behaviours of
the workers is completely relies on the behaviour and culture of the company. As the company
Lloyds banking company pay less salary or wages to female staff as compared to male staff and
these kinds of activities shows that, the organisation is doing unethical activities.
Five Stakeholders
In the Lloyds Baking group, There are several kinds of stakeholder that is consumers,
shareholders, workers, government, communities. All these individuals plays an important and
effective role in the company towards their growth and development and maintain a financial
stability in the company. As now a days there are several modifications occurs in the society, and