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[PDF] Ethics in business and communication

   

Added on  2021-02-21

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ETHICS IN BUSINESS
[PDF] Ethics in business and communication_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Importance of managing responsibly, suitability and behave ethically in the global businessenvironment. ...............................................................................................................................1Impact of leadership in modern organisation..............................................................................2CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4
[PDF] Ethics in business and communication_2
INTRODUCTIONBusiness ethics is the study of suitable policies and practices of the businesses regardingpotentially debatable subjects including corporate governance, insider trading bribery,discrimination, fiduciary responsibilities and corporate social responsibilities (Davies, 2016).This present report will highlight the dynamic and changing nature of the businesses as well asneed for organisations and individuals to manage sustainable responsibilities and ethicalpractices. MAIN BODYImportance of managing responsibly, suitability and behave ethically in the global businessenvironment. In a changing, dynamic and modern world, the way businesses carried out many yearsago drastically changing today. It becomes quite easy to conduct the business at global level dueto availability of advance technologies. But, it is very important for business owners to conductethical business practices by adhering the cultural, environmental and economic issues in globalbusiness environment. All the policies of Corporate Social Responsibilities (CSR) must beconsidered a key element in the businesses activities (Crowther and Seifi, 2018). A businessalone cannot sustain in the marketplace by earning high profit but they have to manage thecultural, environmental and economic issues. Social Responsibilities include empoweringwomen, efforts to end poverty, helping environment. In United Kingdom, more and morecompanies are integrating social responsibility into there business strategies because of it directlyaffect the entire businesses. Considering CSR policies and practices is not only beneficial forenvironment and society but it is also leading to positive impact on the businesses like itimproves the brand of the company, engaging customers, gain competitive advantage andretaining top talent within business. As per the report of Ebiquity Global CSR Study, about 91 percent of internationalcustomers wish businesses to function responsibly to addresses economic, social, andenvironmental issues (Report of Ebiquity Global CSR Study, 2016). Customers are now highlyaware of social responsibilities. So for increasing customer base and make the customers loyal tothe firm, it is important for businesses to practice ethically in both domestic or global level. Byconducting the business ethically it shows that businesses is taking interest in widerenvironmental and society issues instead of just raising profit margin that ultimately attract1
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