Importance of Ethical Management for Business Success

Food Service Management

Table of Contents
Contents
MAIN BODY...................................................................................................................................1
LO3) Explore the importance of ethical management for overall business success..............1
LO4) Produce an improvement plan for a given organisation challenge within a food service
organisation............................................................................................................................3
REFERENCES................................................................................................................................7

MAIN BODY
LO3) Explore the importance of ethical management for overall business success.
1) Introduction of restaurant
The ledbury is the restaurant that is opened in the year 2005 and it is managed under the
guidance of Chef Brett Graham and it is paired with the fine wines to provide the smart and
modern setting to the customers. It is the restaurant that is known as the sister of The Square that
is the two start restaurant in London, Mayfair. They offer the British Cuisine and in the year
2012 it is having the two stars in Michelin Guide.
2) Explain what CSR is
CSR is the acronym of corporate social responsibilities that is the self regulation type of
business in which they could works to contribute for the welfare of the society (Hammann,
2019). It is the activist, charitable nature or the philanthropic that supports the voluntary
participations of the company. It is the practice that is ethical oriented as in this all the businesses
make their contribution to up-raises the living standard of the society and contribute some of
their profit ratio to develop the better and safe future for the upcoming generation. It is the
process that is related to the management and in this the companies’ shows their concern about
the social and the environmental causes and make an interaction with the stakeholders. That
includes the customers, employees, public, government and many other parties that have a huge
contribution in the success and development of the business. There are some role of CSR
activities that are as help to control the cost, improvise the brand value and image, attracts the
best quality and talent members and also brings the long term financial stability within the
business.
3) Critically analyse at least 3 ethical issues
Ethical issues are the different problems that are faced by the company in order to choose
the right and wrong and didn’t require any of the planning and strategically involvement to
provide the solution. There are different factor that causes the ethical issues as like lack of
integrity of the employees, problems related to the development of different relations, mislead
advertisement and the conflict as per the interest (Filimonau, 2019). There are some of the
ethical issues that have been linked with the ledbury and it is as defined below as:
1