Business Ethics: A Case Study of Toyota Company in the UK

PART A BUSINESS ETHICS
INTRODUCTION
Business ethics can be defined as the thorough study
of the appropriate policies of the business as well as
the practices which includes the controversial subjects
such as the corporate governance, insider trading,
bribery, discrimination, corporate social responsibility
and many more (Freeman, Parmar and Martin, 2020).
The main purpose of the business ethics is to have the
consistent moral attitude in the company. Toyota
company is located in the UK which manufactures the
products which has the two manufacturing plant in the
UK. This company is engaged in manufacturing the
cars or the vehicles and this company is known for its
low cost, fuel efficient as well as the most reliable
vehicles. This report will discuss the reasons for
considering the business ethical as well as the ethical
philosophy the company is following. Along with this,
it will also discuss the role of the senior management
in maintaining the business standards and the role of
the employees in maintaining th business standards of
the company.Ethical company and its
reasons of considering it as
the ethical company
Ethical businesses are those which
are offering the products to the
customers which are not damaging
the environment, or they are eco-
friendly products. This will help the
company to have different quality
and features of the products and
make them success in the market.
Toyota company in UK is the
organization which is involved in
manufacturing the products are not
harming the environment. The
company has automated its internal
structures, and they are making the
products which are ethically accepted
(Sison, Ferrero and Guitián, 2018).
The company regularly innovating
and inventing the ways which will
help the company to operate in the
The company is based on the Mutual Trust and Mutual
Responsibility, the Toyota company is continuously
working towards improving the performance so that the
company can make the equal opportunities for the
employment as well as to maintain the fair and the stable
working conditions in the company. The company is
working hard to create the safe and positive working
environment for the employees. The company is truly
ethical company as they are consistently working for the
employees' on that they remain satisfied as well as
production of the products by the company which are not
causing harm to the environment or the environment
friendly products.
Toyota company also ensures about
taking the responsibility of the social as they provide the
support for the any sudden natural disasters such as
earthquakes, torrential rains. To support this type of
disasters, they provide the facilities of dispatching the
employees and providing them the vehicles and many
more. This shows that the company is also following the
social responsibility. The code of conduct of this
company helps in organizing the basic attitudes which us
necessary for the employees which are working in the
company as well as in the society as whole.
They keep the employees
treating them equal and also
values their opinions and with
this, the company also pays the
compensation to the
employees on time and using
the fair practices in buying
process. The company is trying
to reduce the CO2 emissions
from the vehicle they are
manufacturing by improving
through the fuel efficiency as
well as by using the hybrid
technology for this.
Ethical philosophy the company
is following and why
Ethical philosophy is also known as the
moral philosophy as it is concerned with
what is morally good and what is bad as well
as the right or wrong. The ethical
philosophies is much important and
necessary for the company to follow as this
help them in as these philosophies helps in
guiding the to move in right direction by the
choices the company make. These also helps
in the dealing with the ethical dilemmas
which will help in the eliminating the
behaviours of the company which will help
in conforming the better for the right and
wrong.
These also helps in the dealing with the ethical
dilemmas which will help in the eliminating the
behaviours of the company which will help in
conforming the better for the right and wrong. The
Toyota company is also following the ethical
philosophy of the Customer First for providing the
attractive and the healthy products as well as the
services of the customers for the meeting the needs
and the expectations of the customers. The company
is seeking to achieve in leading the market for
setting the world standards in the protection of the
environment as well as the safety measures. The
company has committed for the effectively
maintaining the corporate philosophy for the quality
of the product, ceaseless innovations as well as the
respect of the planet (Vidgen, Hindle and Randolph,
2020). The company is respecting the values of
driving the imagination, experimentation and
respecting the opinions of the employees. The
company respects the laws and the regulation of the
company as well. The company is focusing on
extending the sustainability for the long term rather
than gaining the short term goals for increasing the
productivity of the company. This company is
respecting the values, cultures and beliefs of the
employees to create the harmonious environment in
the organization
The role of the senior management
team to maintain the business
standards of the company
Senior management team in the organization is
composed of the top-level employees who are
working together for effectively managing the
organization. This team is headed by the CEO
that is Chief Executive Officer as this top-level
team is considered as the top structure of the
company and provides the strategic decisions for
the company. The main role of the senior
management team is to implement and take the
decisions for the executive teams and ensures that
every member of the team has the clarity for their
job role and the tasks to be performed.
The senior management team is also responsible
for the strategic planning and directing the work
of the group of the individuals. They consistently
monitor the work and the tasks and then takes the
corrective measures for the improvement when it
is required. They guided the employees of the
company directly as well as directs the
supervisors of the company.
They are highly responsible for the implementing the policies and the
rules for the effective working of the company maintaining the
standards of the business in the organization. Business standards
defines the company as how it acts, how it works as this helps in
building the trust of the brand among the customers. These standards
can be such as the guidelines which determines the quality,
performance, safety, testing as well as the overall management
systems of the company.
The senior management of the Toyota company
is highly engaged and responsible for maintaining the business
standards of the company which helps them in building the brand trust
and the image among the customers. These are standards are very
important to be maintained by this company as well because this helps
the business in mitigating the risk and for growing the
business along with the
sustainability. This provides the
assurance to the consumers that
the company is providing them
the good quality products. The
senior management of this
company is maintaining the
business standards of the
company effectively which is
helping them to grow by
sustainability developing their
products as without harming the
environment and this is building
the trust in the minds of the
consumers. This helps the
company to create the safe
environment for the employees
and by this, the employees are
also having the job satisfaction
for the customers.
The Toyota company's senior
management is making the
policies for developing the
organization. These policies are
made by them for providing the
effective facilities to the
employees so that they work
efficiently in the organization.
The top-level management of the
company is highly depended on
for making the policies which
will help them in maintaining
proper police and the standards
which are set by them so that the
things will work in better way.
CONCLUSION
From the above report it can be concluded that the ethics are
very important for the businesses to follow as this helps them
in growth of the company, This report has discussed the ethical
business and the reasons why the company is considered as the
ethical business. Along with this, this report has also includes
the ethical philosophy the company is following and why they
are following this as well as discussed the role of senior
management in maintaining the business standards in the
organization. Further, by going through this report this also has
discussed the role of the employees in maintaining the business
standards which has been set by the senior management of the
company