Business Ethics: Importance, Challenges, and Role of Employees in Maintaining Business Standards

Business Ethics
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Table of Contents
Poster................................................................................................................................................3
Speaker notes:..................................................................................................................................4
Ethical company and the reasons...........................................................................................4
Ethical philosophy..................................................................................................................5
Ethical challenges and role of the senior management team in order to maintain the business
standards.................................................................................................................................6
Role of employees to maintain the business standards of the company.................................8
Reflection...............................................................................................................................9
CONCLUSION..............................................................................................................................12
REFERENCES:.............................................................................................................................13
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Poster
3Business ethics
Business ethicsINTRODUCTION
Today's business environment is becoming very
complex and dynamic in nature. It is crucial for
the organisations to follow business ethics as it
helps them to run their business ethically.
SpaceX is undertaken in this report.
INTRODUCTION
Today's business environment is becoming very
complex and dynamic in nature. It is crucial for
the organisations to follow business ethics as it
helps them to run their business ethically.
SpaceX is undertaken in this report.Ethical company and the reasons
SpaceX is obliged their employees, communities,
shareholders, customers, suppliers, and other
people who are doing business activities should
include honest, fair, etc..
Ethical company and the reasons
SpaceX is obliged their employees, communities,
shareholders, customers, suppliers, and other
people who are doing business activities should
include honest, fair, etc..Ethical philosophy
Ethical philosophy is concerned with the branch of
philosophy that involves defending, systematizing, and
recommending the concepts of right and wrong
behaviour.
Ethical philosophy
Ethical philosophy is concerned with the branch of
philosophy that involves defending, systematizing, and
recommending the concepts of right and wrong
behaviour.Ethical challenges and role of the senior
management
It is found that SpaceX is the aerospace manufacturer
and that's why they have to mainly focus on space
preservation and space conservation. It becomes really
tough to cope up with this challenge.
Ethical challenges and role of the senior
management
It is found that SpaceX is the aerospace manufacturer
and that's why they have to mainly focus on space
preservation and space conservation. It becomes really
tough to cope up with this challenge.Role of employees to maintain the business standards of the company
Business standard is found to be the set of values, believes and performance benchmarks which it is created by the
organisation in order to achieve the ultimate goal and success. In this case, it is necessary for a company to maintain
the business standards. In that process, employees of the organisation are playing a very important role as they are the
one who is responsible for maintaining business standards.
Role of employees to maintain the business standards of the company
Business standard is found to be the set of values, believes and performance benchmarks which it is created by the
organisation in order to achieve the ultimate goal and success. In this case, it is necessary for a company to maintain
the business standards. In that process, employees of the organisation are playing a very important role as they are the
one who is responsible for maintaining business standards.

Speaker notes:
Ethics are found to be code of conducts or set of principles which guides or directs
organisations in order to differentiate between what is right and wrong (Ferrell and et.al., 2019).
This presentation aims to identify the ethical organisation and analyse their operations from
which it becomes ethical. It is found that SpaceX is the American based organisation which
operates in aerospace manufacturer. The headquartered of SpaceX is located in California,
United States. In addition to this, this report will also cover ethical philosophy, ethical
challenges, and stakeholders of company.
Ethical company and the reasons
Business ethics are concerned with the code of conducts which guides an organisation to
take decision by examine each aspect which includes the differentiation between what is right
and wrong (Purwanto and et.al., 2019). It is also concerned with company in which they should
work according to the laws. In today's business environment, it is identified that business ethics
also helps an organisation to attract employees towards their organisation. It is found that
SpaceX is considered as one of the ethical organisations that sets their highest standards in the
organisation. Some important reasons are mentioned below that shows why SpaceX is
considered as ethical organisation:
 It is identified that they are always rely on their words that means they are performing
business activities with the inclusion of personal integrity, honesty and fairness (SpaceX
Code of ethics and business conducts, 2016.). These are three areas which should be
always consider and set in the mind of all individuals.
 SpaceX is obliged their employees, communities, shareholders, customers, suppliers, and
other people who are doing business activities should include honest, fair, etc. It is
identified that they are always rely on their words that means they are performing
business activities with the inclusion of personal integrity, honesty and fairness (SpaceX
Code of ethics and business conducts, 2016.). These are three areas which should be
always consider and set in the mind of all individuals.
 SpaceX is always working according to the expectation of stakeholders which involves
shareholders, investors, etc. It is found that SpaceX's investors such as Sequoia Capital,
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