Business Ethics Need | Superdrug | Assignment
Added on 2020-02-12
18 Pages4989 Words86 Views
BUSINESS ETHICS1
ContentsINTRODUCTION...........................................................................................................................................3TASK1 ..........................................................................................................................................................41.1. Explain the background and development of theoretical ethical approaches- ................................41.2 Compare and contrast absolute and relative ethics-.........................................................................41.3 The ethical issues can affect the operational activities of a business- ..............................................5Task 2...........................................................................................................................................................62.1 Explain how business objectives are affected by ethical considerations-..........................................62.2 Evaluate by presenting both the positive and negative implications for Superdrug and its stakeholders to operate ethically-...........................................................................................................7Task 3...........................................................................................................................................................93.1 Assess the role of the company acting as moral agent-.....................................................................93.2 Analyze the development of mechanisms for achieving employee involvement and empowerment.......................................................................................................................................11Task 4.........................................................................................................................................................124.1 Research a current ethical issue affecting a selected business........................................................124.2 Report on how Superdrug could improve the ethics of their operations whilst meeting objectives of wealth maximization and ensuring good employer employee relationship- ...................................13References.................................................................................................................................................162
INTRODUCTIONBusiness ethicsEvery business needs ethics without ethics Superdrug cannot survive. These are therules and regulations for company. Ethics are your values which any individual bring fromchildhood. Ethics can be learn, inborn and adopt. Trust, fairness, transparency, honesty, loyalty,and faith these all comes under ethics. As we all read or listen in childhood “don’t speak badwords, speak good words. Don’t listen bad words, listen good words. Don’t see bad things, seethe good things.”In Superdrug PLc business ethics are code of conduct which company must follow to survive.Without following ethics Superdrug cannot grow (Michaelson, et. al 2014). To be a best andleading number one company Superdrug must follow ethics for goodwill, growth, movementand productivity. By this Superdrug retain their employees, employees are more sinceretowards work, increase faith and trust in customers, it builds the image of Superdrug(Michaelson, et. al 2014).Ethics are study of decisions, strategies and activities by which right and wrong is addressed.How company behaves. Ethics are the foundation of business. This helps both employee andemployer.To be a good company Superdrug follow the rules regulations, code of conduct and socialresponsibility. Protecting human rights and welfare of humans must be the aim of Superdrug.For Superdrug, there customers, market and shareholders. How to live a better life by followingthe duties of business. Ethics are the strength of business. It is the duty of Superdrug to providea good ethics culture (Haase, et. al 2016).3
TASK1 1.1. Explain the background and development of theoretical ethical approaches- Origin of ethics is from the origin of life. Ethics is a part of life. From childhood child learnhow to respect elders, not to tell lie, always obey your parents, these all comes under ethics.Values we carry from adulthood, they are not taught to us but they are caught by us. Businessethics are code of conduct. This is the base of company. Without base the building never grows.To develop, Superdrug must follow principles. To get good life Superdrug must be honest, fair,trustworthy, impartial and integrated. “Do good and get good”. This is what Superdrug have todo for a reputed company (Haase, et. al 2016). Theoretical ethical approach is one of thetechnique through which organization can adopt the fair practices and working. Personal ethicsare more important for growing business. By attracting employees Superdrug reduce therecruitment cost. Investors are more attracted towards investmentThis is the attitude and way of business, how business is dealing with people, world. Somebusiness only wants to earn money not to follow ethics. But to survive in market Superdrugfollow ethics and maintain the values of business to survive. As a company Superdrug onlygrow by applying code of conduct. Feeling of social responsibility must be there to servecustomer. Personal ethics are more important for growing business (Pursey, et. al 2010). By attractingemployees Superdrug reduce the recruitment cost. Investors are more attracted towardsinvestment.Superdrug social responsibility provides benefits to business. Increase in trust and morale helpsin increasing market share of Superdrug. Actions taken by Superdrug must be in favor ofcompany and customers. D2In a Superdrug health and beauty firm ethical theory is very important factor affectedthe growth. Development of ethics based on various key factors like human rights, socialjustice, basic needs of the consumers. This action are effective only when public authority4
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