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(solved) Business Ethics- IKEA

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Added on  2020-03-28

(solved) Business Ethics- IKEA

   Added on 2020-03-28

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Ethics – IKEA 1Ethics - IKEA1
(solved) Business Ethics- IKEA_1
Ethics – IKEA 2Abstract Business ethics are related with what is right as per the morality and values. IKEA hasincorporated ethics as blood in the body of a human being which results to standing in one of thebest ethical practice company. There are problem with every organisation but how they deal withthe problems in ethical manner to maintain the value in the society successfully is proved byIKEA. Company is also working on renewable energy and recycled products to minimizeenvironment pollution and several social practices for the help needy. CSR and stakeholdersimportance for a business is also inculcated in the project, which evolved as key needs for abusiness to survive. 2
(solved) Business Ethics- IKEA_2
Ethics – IKEA 3Table of ContentsAbstract............................................................................................................................................2Introduction:....................................................................................................................................4Significant ethical issues faced by IKEA:.......................................................................................5IKEA’s vision, mission and code of practice influencing its actions:.............................................6IKEA’s CSR actions from the perspective of Carroll’s Four Part Model of Corporate SocialResponsibility:.................................................................................................................................7Three key relationship attributes: power, legitimacy and urgency:.................................................9Recommendations for the organisation to be a more ethical company in the future:...................11Conclusion:....................................................................................................................................13References:....................................................................................................................................14Figure 1: Carroll’s CSR Pyramid- The Four responsibilities Source: (Nalband and Kelabi, 2014).........................................................................................................................................................83
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Ethics – IKEA 4Introduction: This project focuses on the importance of ethics in the business. It would help in generatingunderstanding about the need of ethics, its importance and the consequences of unethicalpractices with the help of IKEA. It is a multinational company which provides all home andoffice needs in the day to day life. Its ethical practices lead it towards one of the largest supplierof home and office furniture. These issues are also discussed with the help of Carroll’s four partmodel of corporate responsibility. It also discusses the key stakeholders and ethical behavior ofthe company towards them which also helps in generating understanding about the need andbenefits of ethics in competitive business environment.4
(solved) Business Ethics- IKEA_4

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