Report on Business Ethics and Sustainability
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Added on 2020-04-07
Report on Business Ethics and Sustainability
Added on 2020-04-07
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Running head: BUSINESS ETHICS SUSTAINABILITYBusiness Ethics Sustainability:Name of the Student:Name of the University:Author’s Note:
BUSINESS ETHICS SUSTAINABILITYExecutive SummaryIn this report, the ethical issues in each of the 5 cases are analyzed. The personal understandingof each case is presented in detail and my personal response in each situation is presented at endof each case. The ethical issues in each of the cases are of prime concern for creating value forstakeholders and are discussed in this report.
BUSINESS ETHICS SUSTAINABILITYContentsIntroduction......................................................................................................................................4Issue in Case 1.................................................................................................................................4My personal response to the situation..........................................................................................5Issue in Case 2.................................................................................................................................5My personal response to the situation..........................................................................................5Issue in Case 3.................................................................................................................................6My personal response to the situation..........................................................................................6Issue in Case 4.................................................................................................................................7My personal response to the situation..........................................................................................7Issue in Case 5.................................................................................................................................8My personal response to the situation..........................................................................................8Conclusion.......................................................................................................................................9Reference Lists..............................................................................................................................10
BUSINESS ETHICS SUSTAINABILITY Introduction Business should not only be focused on short term profitability for its shareholders butshould also focus on long term sustainability for its stakeholders(Nica 2013).Businessorganizations should abide by ethics as the purpose of business is to contribute constructively tosociety and the ethical issues involved in 5 cases are discussed below.Issue in Case 1As a product manager of a confectionary Company which manufactures plastic toys, Imet a manufacturer during my visit to a Trade Fair in Europe. I visited the manufacturer inThailand and finalized a supply agreement for my Company at a much lower cost than ourpresent Portuguese Supplier with quality at par with our present supplier. However, whilevisiting the manufacturing facility of the Thai supplier to check the credibility of themanufacturing process, I found at around 6 am at morning, 30 men accumulate components oftoys in large boxes and carry the materials to their home. I was stunned to find that children inbetween age of 5 to 14 years are also involved by their family members to assemble the toys.This ethics case is about child labor. It is estimated that around 150 million children across theglobe are involved in child labor to support their poor family financially. Child labor depriveschildren of their right to education and is detrimental to their physical and emotional well-being.There are many organizations like United Nations Children’s Fund (UNICEF), the InternationalLabor Organization that actively work towards eliminating child labor across the globe. In this
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