Waitrose Operations in United Kingdom

Added on -2020-02-05

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Business Ethics In Action
Table of ContentsINTRODUCTION...........................................................................................................................1STAKEHOLDER ANALYSIS........................................................................................................1NORMATIVE THEORIES.............................................................................................................3CONCLUSION................................................................................................................................5REFERENCES .............................................................................................................................6
INTRODUCTIONBusiness ethics are related to the principles and values that should be followed by all theorganizations so that goals can be achieved in an efficient manner. Through this, the companieswill be able to know that how they will perform their activities in the external environment(McMurrian and Matulich, 2016). On the basis of the ethical practices, the firm will be able toknow about the difference between right and wrong conduct. The enterprise have manyresponsibilities towards the business activities such as treat all the workers fairly and save theenvironment from harmful activities. The activities of the business organization should be basedon the code of conduct and the laws that are formed by the state government. All the entitieshave many functional units such as finance, human resource, research and development so theyhave to perform their actions on the basis of the legislative laws so that smooth functioning canbe ensured. When organization set their laws and regulations then they have to ensure that allemployees of the different department should perform their operations ethically. Some keyethical issues are their that can degrade the performance of the firm. Some of these arecompliance, decision making, fundamental and diversity issues (Chang, 2011). Decision makingissues are related to the consumer rights and protection. It is the responsibility of the manager tomake an ethical decision so that their level of satisfaction can be increased. Fundamental issuesare related to the trust that should be build among all the people who are working in theenterprise. The present report is based on Waitrose which is a retail industry who perform theiroperations in united Kingdom. Supermarket have to perform their operations on the basis of theethical principles so that their overall performance can be improved. Below mentioned report isbased on the business ethics which explains the stakeholder analysis and normative theories sothat overall issues can be resolved. STAKEHOLDER ANALYSISStakeholders are the group of people, an individuals and the organization who haveinterest in the business activities. These people can affect the operations of the enterprise andalong with this they also get affected due to the activities of the company. As per the view pointof Swanson and Frederick (2016) that there are some internal and external stakeholders. 1

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