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Business Ethics & Corporate Practices | Assignment

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Added on  2020-01-23

Business Ethics & Corporate Practices | Assignment

   Added on 2020-01-23

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Business Ethics
Business Ethics & Corporate Practices | Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1STAKEHOLDER ANALYSIS........................................................................................................1NORMATIVE THEORIES.............................................................................................................3CONCLUSION................................................................................................................................5REFRENCES...................................................................................................................................7
Business Ethics & Corporate Practices | Assignment_2
INTRODUCTIONBusiness ethics are related to moral principles and values which should be followed bythe organization. On the basis of these, the firm will be able to know about that how they have tobehave in the environment so that they can achieve success. Corporate practices should be basedon code of conduct and along with this; companies are bound to form some laws and regulationswhich are made by the government (Crane and Matten, 2016). There are some of the businessareas where they have to perform their operations and some of these are finance, humanresource, and research as well as so on. When any department perform their operations, then theyhave to follow laws and policies so that smooth functioning can be ensured in the market.Every industry has to set their laws and they have to ensure that all the staff membersshould follow these legislative rules. There are some of the key ethical issues and that are relatedto fundamental, decision making, compliance and governance. Fundamental issues are faced bybusiness organization and these are related to the integrity and trust. There should betransparency within the company so that relationship can be build among all employees andemployees. Manager has to follow these ethics so that customers will be able to get qualityservices. Diversity is related to culture and workforce of the enterprise. Along with this, allemployees should get equal opportunity in the firm so that overall performance can be improved.The present report is based on car manufacturing industries and they perform theiroperations in United Kingdom. Industries have to follow all principles and policies so that thegrowth can be enhanced in the market as compare to other rivals (Trevino and Nelson, 2010).The below mentioned report is based on business ethics which explains the key role ofstakeholders and how they get affected by the ethical issues. Further, it also explains normativetheories to resolve all the issues. STAKEHOLDER ANALYSISStakeholder can be any person, group and organization that have some interest in thebusiness. These people can affect activities of organization and along with this they also getaffected due to operations and objectives of the company. There are some internal and externalstakeholders which may influence objectives of the industries. Some of these internalstakeholders are employees, managers, directors, investors and on the other hand suppliers,customers, competitors, government are external bodies that may affect performance of the1
Business Ethics & Corporate Practices | Assignment_3

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