What Is Management? Definitions and Functions

MANAGEMENT 0
Business Ethics [Pick the date]
[Year]

MANAGEMENT 1
Contents
Introduction................................................................................................................... 2
Case study and ethical issue........................................................................................... 2
Basic Case Understanding........................................................................................... 2
Stakeholders................................................................................................................. 2
White-collar crime as an ethical issue...............................................................................3
Ethics and Sustainability in Business................................................................................ 3
Ethics and principles that were disturbed...........................................................................4
Corporate social responsibility (CSR) and Loyalty...........................................................4
Corporate governance and Fairness.............................................................................. 4
Integrity..................................................................................................................... 5
Mitigation strategy.......................................................................................................... 5
Goals........................................................................................................................ 5
Action....................................................................................................................... 5
Action plan.................................................................................................................... 6
Importance of Business Ethics......................................................................................... 6
Conclusion.................................................................................................................... 6
References................................................................................................................... 7

MANAGEMENT 2
Introduction
Business Ethics are the principles or the morals that employees follow in the workplace.
Ethics is a subject of social science that is related to social values and morals. Business
ethics is a study of honest business policies, and decision making regarding unethical
issues like bribery, and social responsibility. Responsibility, honesty, integrity, and open
environment are some key elements of business ethics. Business ethics are more
intense, it states that there is a basic level of trust between brand and consumers, fair
dealing, and values in the company (Calabretta et al., 2011). This discussion will
highlight the Australian wheat board’s (AWB) unethical behaviour. An ethical issue here
is bribery or kickback. Further findings state that senior managers at AWB placed profits
and sales as their priority (Fallon & Cooper, 2015). Below given is a detailed analysis of
"the case of the Australian wheat board", its impact on stakeholders, and identification
of its future goals, action plan, and actions.
Case study and ethical issue
Basic Case Understanding
Australian wheat board (AWB) was a major grain marketing organization. It was a
government body until 1999. After that AWB transformed into a private company, owned
by wheat growers. AWB got involved in white-collar crime in between 1999-2002.
Inquiries started in 2004. AWB got involved in unethical behaviour when few
employees accepted bribes from the Iraqi government officials for "trucking fees". This
increased wheat cost per tonne to Iraq. This was Australia's biggest scandal. The
corrupt culture and greed were much noticeable (Frain et al., 2013).
Stakeholders
Stakeholders are groups or individual that can affect or can get affected by the positive
or negative results of an organization. Stakeholders can be classified into three
categories internal stakeholders, connected stakeholders, and external stakeholders.
Directors, managers, and employees are internal stakeholders. Shareholders,