Business Ethics - Assessment 2 Individual Project

This project report discusses the importance of business ethics and the identification of key stakeholders in Carlsberg, a Danish multinational organization. It analyzes the ethical approaches adopted by the company and the challenges faced in terms of data privacy, accounting practices, and environmental responsibility. The report also highlights the success elements of the company and concludes that business ethics play a crucial role in developing a positive image and providing a competitive advantage to the company.

Business EthicsINTRODUCTION
Business ethics can be described as form of
applied ethics in business that examine ethical
principles as well as problems that can be arise
in business environment . This project report
includes analysation of ethical approaches of
Carlesberg which is Danish organisation
providing its products and service in different
countries.
Company that is considered to be ethical
Carlsberg is a multinational organisation which is providing its
product and services in different company. It was established in the
year 1874 in Denmark by J. C Jacobsen. It is adopting ethical
practices in business by adopting different practices which are
mentioned below:
• Compliance with laws and company policies
• Anti corruption and anti bribery laws
• Data Protection and privacy laws
• Conflict of interest
Ethical philosophy followed by company
• Deontology is one of ethical theory that
describe that it is important for people to
adopt obligation as well as duties at time
when they are engaging in decision
making.
• Rights is another philosophy which is
adopted by managers of Carlesberg that
allow them to develop right.
Identification of key stakeholders
There are different types of stakeholders of
work which have interest in success and growth
of company. These stakeholders of company are
playing important role in maintaining business
standards are mentioned below:
Shareholders
Employees
Customers
Competitors
Suppliers
Company faced ethical
challenges
• Data privacy:
• Accounting practices
• Environmental responsibility
Success elements
• Honestly assess needs and
resources
• Establishing strong foundation
• Build culture integrity
CONCLUSION
From above mentioned project report, it can be
concluded that business ethic are playing
important role for developing positive image of
company in minds of their consumer. It provide
success and growth to company in a competitive
environment. It provide advantage of
differentiation to company.