Contemporary Ethical Challenges in Global Business Environment

This report discusses the contemporary ethical challenges faced by businesses in the global business environment, with a focus on corporate social responsibility. It explores the positive and negative elements of CSR and the role of code of conduct and professional bodies in resolving these issues. The report also includes a CPD plan for future implications.

Preparing for a
Professional Career

Table of Contents
INTRODUCTION.................................................................................................................................3
MAIN BODY........................................................................................................................................3
Contemporary ethical challenge facing the global business environment today................................3
Code of conduct that assist in resolving issue....................................................................................4
Support by professional bodies to help with global environment issue..............................................4
Conclude concept which impact both support and codes of conduct have on issue...........................5
CPD PLAN........................................................................................................................................6
CONCLUSION.....................................................................................................................................7
REFERENCES......................................................................................................................................8
Books & Journal:...............................................................................................................................8

INTRODUCTION
Global Business environment is defined as an environment which consists of various
foreign countries that are affected by environment factors influence and decision making.
Main purpose of this report is to critically understand me contemporary ethical challenges
which are encounter within global business environment (Board, 2019). It is critical essential
for business organisation focus on global Business environment factors and challenges so that
effective strategies are implemented. Tesco, a multinational organisation and supermarket
chain headquartered in United Kingdom. Enterprise deals in grocery products and daily item
consumable. It has many computers in market like Walmart, Amazon, e-Bay and many more
This report comprises of different types of ethical challenges code of conduct in resolving
issues, positive and negative impacts of code of conduct and professional body. Then CPD
plan has been described briefly. It has been evaluated that enterprises cannot execute their
activities without properly following environment, rules, regulations and processes.
MAIN BODY
Contemporary ethical challenge facing the global business environment today
In global Business environment, ethical issues are commonly found which impact on
organisation activities and structure at wider scale. It is necessary for Tesco to focus on these
global Business environment issues so that it is undertaken in most efficient manner and
activities are executed properly. Therefore, corporate social responsibility has been chosen as
a global business environment issue and which is further discussed below-
Corporate Social Responsibility
Corporate social responsibility is defined as concept of management where companies
integrate and Associate themselves with social and environmental concern in business
processes and other activities (Canestrino, 2018). CSR has been always a global issue due to
which many are unable to execute their operations in market. Tesco is a multinational
company which is also affected by corporate social responsibility issues at wider scale such
as company cares about their employees and people living in society as well as communities
because they provide healthy living, education initiatives, support for charities, provide good
work conditions, promote Human Rights in supply chain and Management etc.
Positive elements
 Enhances goodwill- Main positive Impact of CSR issue is that due to facing of this
issue Tesco is capable of enhancing their Goodwill in market and in the minds of

customers has because when living standard of people increases they get attracted
towards that particular brand. In consideration of Tesco, behave properly following all
the rules and regulations through which they are able to deliver but it services and
products of higher quality.
 Increase awareness- It is another first element of CSR issue in which by providing
satisfaction to society as well as community environment test your knowledge and
awareness regarding environmental protection in physics at higher level which is
beneficial for growth of Business and development.
Negative elements-
 CSR reporting and information time consuming process- It is the main negative
aspect of CSR in which preparation of financial aspects and reporting of corporate
social responsibility is a time consuming process which two districts other department
from their core roles and responsibilities. In context of Tesco, they need to maintain
report on every year which is a complex process (Filipe, 2017).
Code of conduct that assist in resolving issue
Working Together- This is the most appropriate code of conduct which is being
adopted by Tesco in in resolving the issue of corporate social responsibility. Main reason for
adopted this code of conduct is that by working together Tesco focuses on providing fair and
equal rights to everyone so that they can work in effective manner and also engage with each
other positively.
Employers
To remain ethical and professional and to deal with CSR issue Tesco should change
their business policies so that which assist them in maintaining and executing the business
activities in concern of environment and society simultaneously (Fuzi, 2017).
Employees-
To remain ethical and professional, employees needed to increase awareness towards
environment and engage themselves other activities which results in positive output as well
as enhances their development.
Support by professional bodies to help with global environment issue
In this competitive era it is not easy to deal with global environment issue as the
individual on their own and it is a stage where professional bodies are needed at priority
level. With changing period of time many professional bodies and assistance have been
established in market which are available to provide better services and solutions to large and

medium companies as well as assist them with critical issues which can affect their business
overall structure. Tesco is a larger Enterprise which has many subsidiaries all over the globe
and with the help of the subsidiaries they are capable of fulfilling all basic needs and
demands of customers as well as employees in well efficient manner. So, two professional
bodies are explained as follows-
ICRS
It is the most important professional body which is also known as Institute Of
Corporate social responsibility and sustainability. With the help of this UK professional body,
Tesco is capable of managing all the activities rules and regulations which are linked with
CSR in well organised and legal procedure. TESCO has benefit from working with this
professional body which of the benefit them at larger scale because they are capable of
making effective decisions regarding corporate social responsibility.
CIPD
CPD is also another professional body and a well-known association of UK which has
been partnered with Tesco with purpose of increasing and building up HR capability through
which it become easy for enterprise to focus on their policy rules and regulations which are
required for integrating with CSR. (Gulenko, 2018).
Conclude concept which impact both support and codes of conduct have on issue
Impact when code of conduct and professional bodies followed
When Tesco follows code of conduct and professional bodies they are capable of
making effective decisions and also produce most reliable solutions to the CSR problem.
Impact when code of conduct and professional bodies not followed
When Tesco did not follow code of conduct and professional bodies it directly impact
upon their work flow as well as their Goodwill in negative perspective as a certain situations
arises and leads to conflicts (Kasman, 2018).

CPD PLAN
Area of learning Reflection of
learning
Future implications Action
Global business
environment
During this module I
have learnt is about
the concept of Global
business environment
and how it impact on
business activities as
well as their
functions at global
context.
This learning will
help in future context
at larger scale
because
contemporary issues
in global Business
environment or tend
to arise with
changing period of
time. So, gathering of
knowledge regarding
this topic will help
me out in focusing
towards
environmental
practitioners and
their practices.
This target will be
achieved by clearing
out the main
objective of learning
and how it is impact
upon positive and
negative aspects as
well as how much
time it will take to
complete the field of
learning. With
consideration of
smart objectives
topic is specific and
clear which is easily
to be achieved.
Code of conducts
During this module I
also explore what are
the code of conducts
which are followed
by Tesco and through
which they are
capable of
maintaining positive
relationships with
employees and other
people in market.
This learning will
also direct impact on
my future as well as
career because code
of conduct are
essential which also
increases Goodwill
of a company if they
are properly
followed. So,
learning about them
makes me aware
about rules and
regulations as well as
policies.
In order to achieve
this target reliable
and relevant
measures are being
adopted by me
through which
information has been
properly obtained
which gives me a
detailed description
about code of
conduct.
CSR
Corporate social
responsibility is also
the main important
learning which was
focus by me in this
module as it helps me
in understanding the
importance of
engaging with
society in community
and how they are
important for
business as well as
market.
CSR affect my future
learning because it is
applied universally
by every enterprises
and it is critically
essential for me to be
well aware about this
concept.
With viewpoint of
smart objectives, to
achieve this learning
I focused on relevant
and reliable elements
of smart objectives
because they reflects
about appropriate
data and information
which is necessary
for this learning.

CONCLUSION
From above analysis of report, it has been analysed that it is critically essential for
business organisations to focus on global Business environment so that it is easy to address
issues and positive aspects which are needed for development as well as growth. So decision
has been made CSR as global environmental issues and with its positive and negative impact
on Enterprise with continuous professional development. Therefore, it is examine to that
external and internal analysis are needed to be carried out on the basis of which undertaken.

REFERENCES
Books & Journal:
Board, 2019. Code of conduct. BC Milk Marketing Board.
Canestrino, 2018. Managing Business Ethics in a Global Environment: The Impact of
Cultural Diversities. In Geopolitics and Strategic Management in the Global
Economy (pp. 137-169). IGI Global.
Filipe, 2017. What do you need to know to set up CPD
Fuzi, 2017. CSR practices, ISO 26000 and performance among Malaysian automotive
suppliers. Social Responsibility Journal.
Gulenko, 2018, December. Mandatory CSR reporting—literature review and future
developments in Germany. In NachhaltigkeitsManagementForum| Sustainability
Management Forum (Vol. 26, No. 1-4, pp. 3-17). Springer Berlin Heidelberg.
Kasman, 2018. A Review of Continuing Professional Development (CPD) of Training
Competencies for Malaysian Mechanical Industries. In MATEC Web of Conferences
(Vol. 150, p. 05017). EDP Sciences.
Khan, 2019. Perception of the selected business environment aspects by service firms.
Journal of Tourism and Services, 10(19), pp.111-127.
Mohapatra, 2018. Building a sustainable talent acquisition model in a dynamic business
environment. International Journal of Human Capital and Information Technology
Professionals (IJHCITP), 9(3), pp.42-52.
Nouwen, 2020. Inside the EU Code of Conduct Group: 20 years of tackling harmful tax
competition.
Simat, 2019. The ethical dimension of travel agencies business in changing business
environment (Serbia): Employees' attitudes vs. employees' conduct expected by
management. Geographica Pannonica, 23(1), pp.64-75.

(Board, 2019)(Canestrino, 2018)(Filipe, 2017)(Fuzi, 2017)(Gulenko, 2018)(Kasman, 2018)
(.Khan, 2019)(Mohapatra, 2018)(Nouwen, 2020)(Simat, 2019.)