Sustainability and Ethics in Business Organisations

Running Head: MANAGEMENT
0
Sustainability and ethics
5/17/2019

MANAGEMENT
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Contents
Introduction............................................................................................................... 2
Q1. Regulations, law and business ethics in organisations......................................................2
Q2. Organisational values that support ethical decision-making...............................................3
Q3. Evaluate the implications of social and public pressure for ethical behaviour in organisations.....4
Q4. Identify and respond to ethical dilemmas that threaten the organisation and industry................4
Q5. Promote an organisation’s corporate responsibility through values internally and to stakeholders
in the media............................................................................................................... 5
Conclusion................................................................................................................ 6
References................................................................................................................ 7

MANAGEMENT
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Introduction
The assignment brings about the discussion on the concepts of sustainability and ethics in
context to business organisations. Business ethics is defined as taking the right course of
action for carrying out various activities and operations. The regulations, laws, and business
ethics are essential for the growth and success of the organisation. These are the moral
judgements, and they lead to significant benefits and achievement of the goals within
organisations (Wickert, Scherer and Spence, 2016). Therefore, it is the reflection, which
analyse several themes, such as ethics, regulations/laws, organisational values supporting
ethical decision-making. Thus, the self-reflection will discuss concepts of management along
with the experiences throughout the phase of learning. In the later part of the report, the
reflection will assess corporate social responsibility through the values internal in an
organisation, along with stakeholder’s roles.
Q1.Regulations, law and business ethics in organisations.
In our class lectures, and sessions we were taught the meaning and importance of the concept
of business ethics and sustainability in organisations. Ethics include the moral aspects or
values, which examines the ethical problems in context to business environment. Moreover, I
have learnt purpose of ethics in business, is to enable the managers take responsible or ethical
decisions for the effective working of the business. Maintaining a highly ethical business
environment assist managers in coordinating their work and supports a positive reputation of
the business while improving the morale of their employees.
According to my opinion, ethics play a vital role in protecting the interests of various
stakeholders of the organisation, i.e. employees, customers, suppliers, investors, creditors,
shareholders, and community from unfair trade practices. Therefore, it can be stated that the
law and ethics contribute to the organisational performance. I have analysed some of the key
principles of ethics such as integrity, honesty, loyalty, fairness, respect, law-abiding and
others (Frith, 2018).
Compliance with the laws and regulations gives businesses confidence and trust to carry out
their operations in a fair and transparent manner. The rule of law and regulations determines
the manner to the businesses to act and operate within industry. Understanding of the laws
and regulations is important from the perspective of employees as it helps them understand