Report on Business Ethics Volkswagen
Added on 2020-06-04
16 Pages4647 Words59 Views
BUSINESS ETHICS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Background and development of theoretical ethical approaches..........................................11.2 Comparison and contrasting absolute and relative theories..................................................21.3 Explaining the ethical issues that affect the operational activities of Volkswagen..............3TASK 2 ...........................................................................................................................................42.1 Business objectives are affected by ethical considerations...................................................42.2 Implications for Volkswagen and their stakeholders to operate ethically............................4TASK 3............................................................................................................................................53.1 Role of organization acting as a morale agent......................................................................53.2 Analysing development of mechanisms employed by Tesco for achieving employeeinvolvement and empowerment..................................................................................................5TASK 4............................................................................................................................................64.1 Current ethical issues and it impacts over Tesco..................................................................64.2 Ways to improve ethics of their operations to meet objectives and develop relationship....74.3 Ethical code for Tesco...........................................................................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness ethics can be determined as the form of professional ethics or applied ethics thatis helpful enough to examine problems related to ethics, moral or principles that occurs withinthe business environment. Ultimate aim of any firm is to gain maximum profit, this is onlypossible when they understand the requirements of customers and delivered services andproducts accordingly (Hawkins, 2015). In this context, it is essential to make sure that all theproducts and services are provided through which environment may not get negatively affected.Present report is based on Volkswagen which is one of the European companies. US Departmentof Justice on behalf of United States Environmental Protection Agency (US EPA) suedVolkswagen installing 'defeat devices' on thousands of its diesel vehicles. This report coversethical issues that can affect the operational activities of business. Further, it covers implicationsfor business and its stakeholders to operate ethically. Lastly, it also includes development ofmechanism for achieving employee involvement and empowerment.TASK 11.1 Background and development of theoretical ethical approachesBusiness ethics are code of behaviour or set of structure that enables to direct the firmwith the help of which business operations can be undertaken in an effective manner. Further,constitution and structuring for the business related to ethics depends upon the type of businessthat is performed. With the help of ethics, business is able to control, monitor and function,through which the level of regulation and standard can be maintained (Vasconcelos, Melo andMuniz, 2016). Main aim of any firm is to develop a strong customers base, this can be achievedwhen business follow ethical cords in developing products and services. Further, there should bemoral principles that needs to be valued and followed so that higher profit can be earned. Inaccordance with the case, it is essential to make sure that firm like Volkswagen to follow ethicalcodes so that are able to maintain customers value, brand reputation and market position. Withthis respect, there are certain considerations related with the concept of ethics which should befollowed and few of them are as follows:Theory Name oftheConsequentialist/non-MainaspectsSignificance 1
personproposedthetheoryconsequentalistTeleologicalethicaltheoryAristotle non-consequentalistVirtueThis can be determined as the processin which it consists of issues orconsequences that are faced by thebusiness due to ethical action. Further,it looks for ethical perspective whichfocus on negative and positive actionsthrough which proper steps areconsidered (Paulins, Hillery andSturgill, 2016). It enables to maintainthe level of ethical impact and issuesthat are faced within the businessfunctions and operations. It isimportant make sure that properactions are considered so that outcomecan be determined. Deontological or Duty EmanuelKantNon-consequentalistDutyandcategoricalimperativeThis approach is based on the actionsthat can be taken rather than decidingon different possible outcomes. This istotally based on the moral system thatare focused on attaining moral dutiesand rules (Zaharia and Zaharia, 2015).In this context, it is important for thefirm to make use of moral duties andmoral choices, this can be done byconsidering corporate socialresponsibilities. 2
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