Business Ethics: Maintaining Ethical Standards in TESCO

Business Ethics

Table of Contents
INTRODUCTION...........................................................................................................................3
Background of the company and the reason it considered ethical..............................................3
Ethical philosophy(Utilitarianism and deontology)....................................................................4
Role of senior management team to maintain business standards of organisation.....................5
Role of employees to maintain business standards of company.................................................6
Triple Bottom line in context to respective organisation............................................................6
REFLECTION.................................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business ethics is defined as an effective business practices and policies associated with
controversial subjects involving corporate social responsibility, corporate governance, fiduciary
responsibilities, discrimination and so on. In addition to this, business ethics ensure an extent of
trust among consumers & different form of participants associated with the business. This form
of practices also ensure that customer or public receive a fair treatment by the company. For this
project, TESCO is chosen as a base company (Crane and et.al., 2019). It is a multinational
general merchandiser and groceries retailer which was established in year 1919 and head office
in England, UK. The report will cover ethical practices reasons why respective organisation is
considered as ethical. In addition to this, ethical philosophy used by company is discuss in the
report. Moreover, role of employees and senior management team to maintain business standards
of organisation. In the last, Gibb's reflective cycle is used in order the learnings of the project.
Background of the company and the reason it considered ethical
TESCO is a British multinational organisation which was founded in the year 1919 and
head office in United Kingdom. The company has high market presence as it offer its products as
well as services in more than 14 countries and have around 6,800 shops which is operated by its
talented and effective 45,000 employees. TESCO stands as third largest retailer measured by
gross revenue and ninth largest in all over the world measured by revenues. The operating
income of TESCO is £63,81 billion and net income is £1.31o billion.
In the year 2019, TESCO scored as ethical consumer's best rating because of its supply
chain management. It is an international organisation that has high reputation in market as it
provide quality goods and services (Barry, 2016). In addition to this, the company seek to deliver
best results in order to give highest return to shareholders and beneficial service to the
customers. Ethical conduct sis basically termed as what is morally right & honourable as well. In
order to maintain reputation and to gain success, the company conduct activities in a legal and
ethical manner. The code of business conduct of TESCO involves fundamental principles of
ethical behaviour & also state the responsibilities of all employees, directors, agents, officers,
company representatives and so on. It is analysed that TESCO has broad range of ethical policies
that cover various areas such as ethical trading, human right, animal testing, fair trade, local
community sponsorship and many more. In addition to this, the company also has other ethical