Ethics in Coles Group: Addressing Social and Economic Issues
Verified
Added on  2023/06/10
|6
|1114
|422
AI Summary
The report discusses two ethical issues in Coles Group, related to social ethics and economic ethics. It provides an ethical framework for addressing each issue and justifies the choice. The duty approach is suggested for addressing the economic issue, while the fairness or justice approach is suggested for addressing the social issue.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: ETHICS ETHICS Name of the Student Name of the University Author Note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1ETHICS Table of Contents Introduction......................................................................................................................................2 Identification of issue 1...................................................................................................................2 Ethical framework for addressing issue 1 and justification of choice.............................................2 Identification of issue 2...................................................................................................................3 Ethical framework for addressing issue 2 and justification of choice.............................................3 Conclusion.......................................................................................................................................4 References........................................................................................................................................5
2ETHICS Introduction The importance of business ethics in the work place cannot be undermined. Although the profitability of the organization is taken to be of the utmost importance, the way an organization is managed is also crucial. It is the duty of any organization to ensure that it engages in ethical practices(Trevino & Nelson, 2016). There may be many situations where the organization might be faced by an ethical issue. In such a case, the company needs to apply a proper ethical framework to solve the issue. The report will be discussing two ethical issues which might arise in an organization like Coles Group and address those using ethical frameworks. Identification of issue 1 The first issue which may be identified in the Coles group is the issue related to social ethics. An organization is made up of different people and hence, it is the duty of the management to ensure that all the employees in the organization are treated well and they undergo no bullying or harassment. However, this is not the case at Coles. It was observed that whenever a new employee joins the organization then they are mistreated by the senior employees. They are often bullied and thus this is against ethical considerations. Ethics states that no harm needs to be caused to any group of people working in a firm and that all of them need to be treated equally(Shaw, 2016). The different employees are harassed and due to this reason the work environment often becomes very hostile and offensive to a certain group of people. This can be described as an ethical social issue whereby the different employees become a victim of the harassment of the other group of employees.
3ETHICS Ethical framework for addressing issue 1 and justification of choice The given issue relates to the issue of not being able to provide equal treatment to the different employees. Hence, in order to find a solution for the given issue, the Fairness or the Justice Approach needs to be applied. The given approach states that all men should be treated equally and that all employees are alike. When the given theory is combined with the theory of Rights approach then it can be figured out that it is applicable for all human beings. This theory is greatly valid in the work of the philosopher John Rawls along with the Kantian lines that the ethical principles are applicable to all people(Rossouw & Van Vuuren, 2017). All actions conducted in organization need to be fair and that fairness can be described as the beginning point for theprinciple which is considered just. Hence, if the given theory was applied for the decision making then it could be stated that, those who cause harm or mistreat the employees need to be punished because the Justice approach states that all the employees are equal in the eyes of law and that there shall exist no discrimination. Identification of issue 2 At the Coles group, there have been various issues with respect to the false reflection of the accounting statements. In this scenario, it is often observed that in order to save oneself from the various taxation payments and to reflect better profits in the eyes of the customers, the different accountants often tend to cook the accounting books to reflect false profits(Weiss, 2014). This has various impacts on the organization as it spoils the relationship between the investors,stakeholder, customers and the employees as well(Crane & Matten, 2016). Looking at the false profits and figures, the investors may very often make wrong decisions which may then lead to a long term loss for the organization. This issue can be descried as an economic ethical issue. Hence, the given issue may lead to the downfall of the organization in the long run.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4ETHICS Ethical framework for addressing issue 2 and justification of choice In order to resolve the stated issue the framework of the duties approach needs to be adopted. The organization is a social entity and for this reason it has certain duties towards the firm which it needs to abide by. It is the responsibility of the organization to present a fair financial statement to the different stakeholders in order to ensure that they conduct fair dealings and the integrity as well as the honesty of the financial statements is maintained(Bowie, 2017). To solve the given issue, the duty approach can be followed which states that the organization needs to pay direct attention to their duties and conduct in actions which are always true and not fails one duty. Conclusion Hence, from the given analysis it can be stated that, an organization has certain duties and ethical aspects to be followed considerably. However, there may exist different scenarios whereby the organization may face a dilemma and hence, in such a case the company needs to apply a proper ethical framework to resolve the given issue.
5ETHICS References Bowie, N. E. (2017).Business ethics: A Kantian perspective.Cambridge University Press. Crane,A.,&Matten,D.(2016).Businessethics:Managingcorporatecitizenshipand sustainability in the age of globalization. .Oxford University Press. Rossouw, D., & Van Vuuren, L. (2017).Business ethics. .Oxford University Press. Shaw, W. H. (2016).Business ethics: A textbook with cases. .Nelson Education. Trevino, L. K., & Nelson, K. A. (2016).Managing business ethics: Straight talk about how to do it right. .John Wiley & Sons. Weiss, J. W. (2014).Business ethics: A stakeholder and issues management approach. .Berrett- Koehler Publishers.