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Importance of Business Ethics and Ethical Governance

Added on - 11 Feb 2020

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RESEARCHPROJECT1
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RESEARCHPROPOSALTitle of the proposal“To analyse the importance of business ethics and ethical governance in organizations: A casestudy on Tesco, UK”.Review of the literatureIn order to prepare the section of literature review, researcher will be accessing severalsecondary sources which is also useful in collecting appropriate data about the research topic.Thus, after reviewing the research work ofWeiss (2008), business ethics can be denoted asseveral codes, moral values and principles that governs actions and decision in a company.Therefore, it can be said that in business world, standards are set for determining good and badbehaviour and this also aids in taking appropriate business decisions (Gildenhuys, 2004).However, on the other handSwindal and et al. (2013),says that business ethics is a subjectiveterm which is an easy method to identify unethical practices in the organization such as childlabour, taking bribes or illegally using copyright materials (Swindal and et al., 2013).In this respect,Mizzoni (2009),contends that when ethical guidelines are followed, trustis developed among employees and management as well as among public and the corporation.Thus, business ethics leads to a more productive workplace which also aids in enhancing thevalue of service provision (Nelson and Trevino, 2010). Therefore, very company should havetheir own moral principles and guidelines because particularly that aids in attracting employees,customers and investors. For instance- a manufacturing company who provides energy drinkmust adhere to the standards and they should not add any preservatives to the drink (Freeman,2009). Therefore, in this context it is clear that business standards should consider all ethicalterminologies as this has a positive impact on business services (Preston, 2007).Roth (2005),says that business reputation is one of the most important assets of acompany and at the same time it is also one of the most difficult tasks to rebuild once it is lost(Roth, 2005). Generally, for this purpose business entities emphasize on ethical governancewhich also assist in persuading the attention of potential investors and shareholders as they arelikely to get attracted to the companies which adhere to their moral guidelines and promises theymade. In this way, employees also feel comfortable and they like to stay in the business for longterm especially while working in a company which has strong business ethics (Mackinnon,3
2010). Thus, in terms of significance, it can be said that business ethics aids in improvingproductivity of the organization; whilst also reduces labour turnover (Reath and Johnson, 2012).Aim and objectivesAimThe main aim of the research proposal will be to analyse the importance of businessethics and ethical governance in organizations: A case study on Tesco, UK. In this respect, Tescohas been selected because the organization has a lot of things which needs ethical attention andconsideration.ObjectivesTo ascertain the importance of business ethics and ethical governanceTo analyse the impact of business ethics on organizational activitiesTo identify the methods of maintaining ethical standards in business entityTo recommend the strategies through which ethical requirements of business can beattained.Statement of the design and methodologyResearch methodology seems to be the most important section of the research study inwhich researcher uses different tools and sources to meet the defined aim and objective. Thus,according to that, in the present proposal as well, researcher will be using different approaches,philosophies and methods to reach towards the aim and objectives (Bhattacharyya, 2009). Thus,inductive approach will be used in the study as that aims to generate meanings from the data setcollected in order to identify patterns and relationships which also builds a theory. Furthermore,researcher will be using Interpretivism philosophy because in that technique, researcher caninterpret the elements of the study in appropriate manner and it also allows to integrate humaninterest into the study (Bryman, 2008).Sources and acquisition of dataFor the present proposal, researcher will be using both primary and secondary sources ofdata collection. Under primary source, survey will be carried out in which questionnaire will begiven to the employees of Tesco so that they can assist researcher in knowing the concern ofcompany regarding business ethics (Budgell, 2008). Data will be collected through conducting4
survey; hence random sampling technique will be used to segregate the population. Furthermore,under secondary research, researcher will be accessing several sources like books, journals andarticles.The source will be selected as that will assist researcher to grab feasible data about thesubject matter (Cassell and Symon, 2010). In this respect, researcher will also be focusing onseveral previous studies that are made on the same topic. Moreover, researcher will also beconsidering random sampling technique in which on random basis, sample size will be selected.Therefore, for the present research work, 20 employees of Tesco will be selected who will betaking part in the research procedure (Hakim, 2012).Method of data analysisData analysis is also regarded as the most crucial sections of a study wherein researcherevaluates the collected data on the basis of a specific technique. Thus, among the two majortechniques, researcher will be selecting Qualitative method to conclude the collected responses.Under that, Thematic analysis will be done in which each and every aspect of the study will bediscussed in detailed manner (Gobo, 2004).Forms of presentationDifferent forms of presentation will be used in the research work so as to make thefindings more clear and comprehensive. Thus, in the present research study, investigator will beusing tables and pie charts to specify the responses collected from the participants (Goddard andMelville, 2004).TimetableAs per the Gantt chart, the study will be completed in 12 weeks wherein all the differentactivities will be carried out. In between, researcher will be reviewing the entire process so thatthe areas of improvements can be found out (Gomez and Jones, 2010).ActivityWeek1Week2Week3Week4Week5Week6Week7Week8Week9Week10WritingResearchProposal5
ReadingvariousliteratureFinalizingthe aimsandobjectivesDraftliteraturereviewCollectsecondarydataAnalyzesecondarydataDevelopresearchapproachDraftresearchmethodologyDevelopquestionnaireArrangetheinterviewConducttheinterviewAccumulate the data6
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