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Effective Business Ethics - Doc

   

Added on  2020-10-22

6 Pages1129 Words239 Views
Individual Essay

ContentsINTRODUCTION.....................................................................................................................................4MAIN BODY............................................................................................................................................4CONCLUSION.........................................................................................................................................6REFERENCES..........................................................................................................................................7

INTRODUCTIONThis study will highlight, effective ways which will help in further businessdevelopment which will lead to higher operational productivity. This study will examineeffective business ethics which help business to adhere with corporate social responsibility inthis changing global business environment. It will include effective ways to analyse thevarious cultural, economic, social and environmental issues and how it can managedsustainably, responsibly and behave ethically for higher growth prospects. Lastly, this studywill also include impact on leadership in modern organisation MAIN BODYBusiness environment is changing at a faster pace. It is very dynamic and there arelarge number of factors which adversely affect the performance of the Tesco Plc. Globalbusiness environment helps in higher sustainable growth and development of the Tesco plc.which leads to higher operational productivity and profitability for the business. Globalbusiness environment is highly beneficial for the higher success of the company which helpsin reaching new and emerging markets across the globe (Crowther and Seifi, S. eds., 2018). It is very important to behave ethically and manage sustainably in relation witheconomic, social, cultural and environmental issues in order to reach higher goals andobjectives for the Tesco plc. Business environment is changing at a faster pace and there arevarious environmental factors like social factors, cultural, economical and technologicalfactors which affect the operational efficiency and performance of the company. Companymust compliance with corporate social responsibility (CSR) in order to contribute towards thewelfare of the society which eventually helps in creating goodwill and brand image for theTesco plc (Grayson and Hodges, 2017). CSR practice helps in retaining top talent, engagingcustomers and also helps in effectively maintaining competitive position in the market .(Schrempf-Stirling, Palazzo and Phillips, 2016). Ethical business practice focus on compliance with various laws, rules, policies,regulations and standards which eventually helps in smooth functioning of the business.Ethical business practice like honesty, integrity, loyalty, law abiding, trustworthiness, respect,confidentiality, helps in achieving goals and objective of the Tesco plc. in a systematic andtimely manner.

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