Literature Review Assignment 2022

Running Head: LITERATURE REVIEW 0
SUSTAINIBLITY & ETHICS
AUSTRALIA

LITREATURE REVIEW 1
Table of Contents
Introduction....................................................................................................................................2
Benefits of the ethical organization..............................................................................................3
Relevancy of business ethics in Apple’s maintaining a strong root case..................................3
The Ethical issues faced by company.......................................................................................4
Relevancy of ethics in small scale business..................................................................................6
Importance of Business Ethics..................................................................................................7
Conclusion......................................................................................................................................8
References.......................................................................................................................................9

LITREATURE REVIEW 2
Introduction
The needs of ethics in the business organization will be reflected via literature review by
considering the example of ‘Apple Company Inc.’ But before getting started it is first important
to understand the general definition of ethics and business ethics along with its importance in the
small scale businesses. Ananny defined Ethics as the rules or the behavior which are based on
the ideas of good or bad and right or wrong but this cannot be considered as an appropriate
definition because every person has different thinking strategies, the things correct for one may
be wrong for the other, there is no universal definition of ethics (Ananny, 2015). Oates and
Dalmau in the year 2013 had specified ethics the part of knowledge which deals with “the
universal principles study which determines right from wrong (Ananny, 2015).” According to
Crane, ethics can basically be of two types i.e. individual ethics and organization or corporate
ethics; in the individualistic ethics determines that the concept of right and wrong is hereditary in
the individual discovered from their parents, teachers, religious education and the personal
experiences of the life, while the organizational ethics means the presumption, faith, knowledge
about the aim and rules which are occupied or used by the employees of the business
organization (Crane et al., 2019). Ethics can also be called as moral philosophy. The main fact
of the business ethics or organization ethics is the managerial ethics which refers to the
resolution, movement and etiquette of the managers whether they are taken correctly or not.
Durkheim in the year 2018 stated that the basic and the most important work of the manager is to
take a decision which is correct, good and beneficial for his business it also has an undue effect
and impact on the world at large due to the growth of the technology. For doing an ethical
business moral must be incorporated in all its sides i.e. not only in the practices of the leaders
and the employees but in the entire structure of the organization (Durkheim, 2018).

LITREATURE REVIEW 3
Benefits of the ethical organization
Walumbwa, Hartnell & Misati stated that mostly all the organizations today are having suspicion
to push their members to run their business on the rules which are ethically sound because it has
numerous advantages and benefits in instituting the ethical behavior and some of them are as
follows increased satisfaction and production among the workers, raised and maintainable gains,
highly technical social status and loyalty and acknowledged information in between the buyers
and the sellers (Walumbwa et al., 2016). Unethical practices and the persons not following the
ethical norms may diminish and destroy the value of the shareholder due to the high cost which
are related with the unethical practices like fines and penalties, audit costs and costs associated
with the buyer’s loss and stake to their reputations whereas the workers may be increased due to
operating the high ethical corporations. Many businesses get collapsed due to the unethical
behaviors as it result in loss of credibility amongst the shareholder and businesses (Walumbwa et
al., 2016).
According to Peterson & Ferrel Ethics is thus considered as that complex construction which
interprets and understand the things and business in a very different way, where each individual
has its own opinion regarding the constitution of a qualified ethical operation and there is no
unique terminology which can be considered correct for ethics (Peterson & Ferrel, 2016). In the
recent year the business ethics literature has explored in both volume and importance and
because of this sheer volume and diversity of the literature it has raised its value and has
attracted a lot of media action (Peterson & Ferrel, 2016).