Business Ethics Assignment Report
Added on 2020-07-22
15 Pages3647 Words38 Views
Business Ethics
Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1 : Understand perspectives on ethics and its relevance to business....................................31.1 Background and development of ethical approaches ...........................................................31.2 Absolute and relative theory ................................................................................................41.3 Ethical issues affecting the business activities and operations ............................................5TASK 2 : Report on the roles of directors, investors and other stakeholders to ensure ethicalpractice.............................................................................................................................................62.1 Conflicts between the needs and expectations of different stakeholders..............................62.2 Impact of CSR on Computing supplies ltd...........................................................................72.3 How to improve ethics .........................................................................................................7TASK 3 : The issues which inform company reporting and their impact on society. ....................83.1 Business objectives affected by ethical considerations ........................................................83.2 The regulatory framework for CSR .....................................................................................84.1 Current ethical issues ...........................................................................................................94.2 Potential impact of changes in the CSR on business performance.....................................104.3 Recommendations ..............................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES .............................................................................................................................12
INTRODUCTION Business ethics can be defined as a type of applied or professional ethics which analyzesprinciples, problems and moral values that are built within the business environment. There arespecific set of regulations and rules which are imposed by the government which direct anorganization to provide effective and satisfying services to their customers. This report is incontext to Computing supplies ltd, IT solution company which is influenced by Corporate socialresponsibility and ethics of business. The report will identify the various impact of businessethics on the performance of a business or organization. The study will also identify the impactof ethical consideration on business objectives. Furthermore, the report will also summaries theregulatory framework of Corporate social responsibility along with the current ethical issue thatis affecting the business operations of Computing supplies ltd. TASK 1 : Understandperspectiveson ethicsanditsrelevanceto business.1.1 Background and development of ethical approaches Business ethics can be determined as a set of various values and codes of conduct whichdirect and guide the business and management to ensure that they perform their businessoperations in a fair and transparent manner. The different types of culture and structure which isfollowed in an organisation plays important role in the growth and development of an ethicalbusiness. It helps management to direct, control and monitor the employees as well as theirperformance so that the standard or quality of the business can be maintained effectively. Majorobjective or aim of a business or company is to generate maximum revenue and leading positionin the market which possible through customer satisfaction. In this context it is essential that theorganisation follows effective principles which can help in attracting more customers. Each andevery company utilizes various set of values and code of conduct which assist in maintainingreputation of the brand, market position and customer's values. The organisation such asComputing supplies ltd which offers their customers similar services, Hence it is very importantto follow and impose effective ethics in order to develop unique brand image or value in thecustomer's mind. The various developments related to ethical approaches are as described below - Teleological theory of ethics – The technological theory of ethics refereed as the varioustypes of issues that are faced in ethical activities performed within a business ororganization. It explains diverse perspectives of positive and negative action which
organizational operations tend to follow for achieving the business objectives or goals. Itis commonly followed to keep the level of ethical issues and their effects on theorganizational operations or functions.Deontology theory of Ethics – This theory focus on the effective set of actions insteadof the possible results. It is dealing with the moral system which is built so that theorganizational functions can be conducted effectively. In respect to this it is veryimportant for the management to understand their Corporate social responsibility andmoral duties. It also helps in reducing the negative impact of various activities with a goalof developing impressive corporate image. 1.2 Absolute and relative theory All approaches or theories identified with morals depend on creating positive business outomesand reduce negative activities on account of which management neglects to accomplish theirobjectives and targets. At the point when association works ethically and morally, they end upready to create an incentive for their customers. Morals are likewise organized according to theirdistrict and territorial convictions. In this regard, it is imperative for associations like Computingsupplies Ltd to ensure that they address every one of the viewpoints which are mindful tostructure moral perspective. Beneath given are some other related morals which are as per thefollowing: 1.Deontology ethics theory : This empowers in creating moral logic and expert moralsrepresentatives working inside association. Fundamental focal point of this hypothesis isto comprehend client's discernment and roll out improvements in administrations orbusiness tasks with the assistance of which destinations can be accomplished. Further, itensures that level of classification is kept up, representatives are not segregated andlegitimate and applicable data is given to customers.2.Absolute ethics theory : This hypothesis centers around single code that for the most partevery individual takes after. It is imperative that individuals know about certainarrangement of morals. There are cases in which individuals grow wrong recognitionabout the moral thought which is taken after inside association. In such circumstance,firms should ensure that they convey legitimate data related with morals that are followedin business.
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