Business Ethics: A Review
Added on 2020-06-04
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BUSINESS ETHICS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Background and development of theoretical ethical approaches.....................................11.2 Compare and contrast absolute and relative ethics...........................................................21.3 Ethical issues which can affect the operational activities................................................4TASK 2............................................................................................................................................62.1 Business objectives are affected by ethical......................................................................6considerations........................................................................................................................62.2 Implications for business and its stakeholders................................................................6to work ethically....................................................................................................................6TASK 3 ........................................................................................................................................73.1 Role of the company.........................................................................................................7acting as a moral agent..........................................................................................................73.2 Improvement of................................................................................................................8mechanism for achieving.......................................................................................................8employee involvement and....................................................................................................8empowerment........................................................................................................................8TASK 4............................................................................................................................................94.1 Current ethical issue........................................................................................................9affecting Mercedes................................................................................................................94.2 How the business could better the ethical operations.....................................................104.3 Designing of ethical code...............................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness ethics can be simply defined as the study of appropriate policies of business andactivities with respect to potential disputable issues such as organisation administration, interiorcommercialism, graft, discrimination, CSR activities and duties. The rules and regulationsimposed by government commonly guide business ethics while corporate ethics also provide aprimary structure that is chosen by business in order to achieve acceptation of public. Ethics ofbusiness assures that there is a loyal relationship between users and users of the market. Thisconcept was raised in the year of 1960 when enterprises become more alert about society whichis customer based. The present report is based on business ethics of Volkswagen. In this report,different theories based on ethics are described. This also explains the way in which goals ofbusiness are getting impacted by ethical considerations.TASK 11.1 Background and development of theoretical ethical approachesThere are several important theoretical ethical approaches that are explained below:Deontological ethics: Deontology is an approach of ethics that deals with moral valuesand responsibilities of human beings. The term deontological was firstly used to explainthe current, specific definition by C. D. Broad in his book named Five Types of EthicalTheory that was published in the year of 1930. This theory states that results of actionsare not important what really necessary is that the actions are morally justified or not.It concentrates on right or wrong actions or to the property and habits of the common people.According to this theory, each and every activity is thought to be morally good because some ofthe qualities of action or activities itself is better than results of services or goods. This approachto ethics focuses more on goodness or badness of actions themselves that opposes the correctnessor in-correctness of the outcomes of activities. This moral system are defined by focussing uponand strict adhesiveness to autonomous moralistic norms or responsibilities. It is very essential tounderstand about moral duty and the accurate norms that exist to regulate those duties in order tomake appropriate moral selection. For example, when some is behave morally, they areconsidered to follow their responsibility but when they failed, it is supposed that they behave in1
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