Ethical Management

ETHICAL MANAGEMENT

Table of Contents
INTRODUCTION.......................................................................................................................................3
ASSESSMENT 1........................................................................................................................................3
Ethical definition.....................................................................................................................................3
Ethical theories........................................................................................................................................3
Factors that influence organizational ethics and impact of corporate social responsibilities in terms of
international perspective..........................................................................................................................4
Ethical related legislation that impact upon organizational accountability..............................................5
Critically evaluate factors that influence organizational ethics including legal requirements and need of
stakeholders.............................................................................................................................................6
Consider impact of organization ethics on CSR and organizational accountability.................................6
CONCLUSION...........................................................................................................................................6
REFERENCES............................................................................................................................................8

INTRODUCTION
Ethical management refers to a practice of being virtuous and honest in every role within
an organization. This report is based on PRIMARK that is a leading fast fashion retailing
company along with subsidiary of British food processing with ABF Company. In present
scenario frequent changes in media, communication, and transport, technology that develops the
world economy and helps company to gain profitable results. This report undertakes ethical
definition and theories along with their relevance to modern business. It also inculcates
evaluation of factors that influence organizational ethics and impact on CSR within international
perspective.
ASSESSMENT 1
Ethical definition
Ethics are defines as moral philosophy that includes systematizing, defending and
recommending concepts based on right or wrong behavior (Schaltegger and Burritt, 2018).
Business ethics refers to a study of effective business policies and practices that involves several
practices like corporate governance, bribery, discrimination, corporate social responsibility and
many more. Ethics offers guidelines to businesses which they follow to gain pubic approval.
Business ethics are the rules and regulations that reflects pattern of behavior in business
dealings so that it would done in a right manner (Jukić and Puljak, 2018). In terms of Primark
that is an international brand effectively understand ethical responsibility and what is right and
wrong that helps in gaining public approval along with employee’s satisfaction so that profitable
results are enjoyed by firm. In Primark concern related to public or employees are bound in
implementing ethical practices such as honesty, integration, trust, loyalty etc.
Ethical theories
There are several ethical theories that are useful in terms of international perspective.
Some ethical theories are demonstrated below:
 Deontological theory-It refers to that ethical theory that means duty. In this commitment
or duty is the core concept. Deontological theory state that some actions and activities are