Importance of Ethics in Business: A Case Study of Amazon
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This report analyzes the importance of ethics in business using a case study of Amazon. It discusses the CEO's perspective, employee opinions, and the role of politicians in prioritizing ethics. Recommendations are provided for Amazon to improve its ethical practices.
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Table of Contents EXECUTUVE SUMMERY............................................................................................................3 INTRODUCTION..........................................................................................................................4 Analysis............................................................................................................................................4 Introduction.................................................................................................................................4 Weather the CEO of the Amazon thinks ethics should be the main Priority of the company...5 Whether the employees think that companies main priority of the Amazon company............6 Whether politicians should think ethics are main property of an company.............................7 CONCLSUION................................................................................................................................7 RECOMMENDATIO......................................................................................................................8 REFERENCES................................................................................................................................9
EXECUTUVE SUMMERY As per the report has has been analysis the importance of ethicswhich is necessary for the Amazon to look at it because it is affecting their business, and they should give it priority. Ethics has huge impact on the business of theAmazon, and they can face problems like Demotivtion in their employees and their efficiency to work.
INTRODUCTION Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities. Understanding of Ethics are important for the business becauseit concernswith the employees moral and judgment aboutright and wrong. Decisions takenwithin the company may be made by the individual person or any group, But whoever make the decision then It can influence on the companies culture(Barry., 2016).It is necessary for the company's Superiors to look for the ethics at their workplace because it can affect on the companies operation activities and performance in the market. This is report will cover the Case study of Amazon which is top online retailer company and their CEO “Jeff Bezos” who is world's topwealthiest man with a net worth of 160 billion. They are top online retail product selling company and with the worldwide reputation they are big brand they need to understand their Corporatesocial responsibility.There are some ethics which can become the problem for the Amazon so company have to look for it. Tax avoidance by theAmazon affecting thewages of the employees, and theyare alsofacing the political criticism from the Jeremy Corbyn. Another ethical issue is their working environmentwhere employeesare working long hours andsuperiors of the company are pressuring them to reach their target and this problem is also faced by the Drivers who deliver the products. As compare to the Amazon, Google is much concern about their employees, and they ensure to get their employeesbetter salaries andflexible working hours. Their employees also get the incentives for their motivation which create good working environmentand make their business successful (Bloom., 2017). The Main Aim of the Report is to analyze ethical issues and discussion whether the ethics should be a main priority of the company or not. Analysis Introduction Ethics in the business are problemfor the companies and this has mainly affect the employees who are working under the company. To Get the success in their business sometime companiesforget about their employeesand other social responsibilitieswhichcan provide
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themsuccessful resultbutaffect their market reputation. This affect the metal health of the employeesif theyare working in the company from the long timeand other ethicslike Political ethics which canbecome big issue from the company in the future. Companies main aim should be their ethics which are problems for them and their social responsibility toward the society, so they can overcome from the ethics. This ethics can create big problems for the company because it affect on their employees and they should also look for their employees and other people who have equal contribution in the business to make it successful, otherwise It will become the reason behind the failure of the company because employeeswill notable to perform better. Bad image among the customers will lead them to go with other optionswhich are available on the market (Chan And et.al., 2016). They will go with the other brandrather than going with them. This makes necessary for the companies to pay the first priority to their ethics within the company and overcome from the ethicsbycontribution toward thesociety and looking for their employees welfare and looking their basic needs which can make their life better. Weather the CEO of the Amazon thinks ethics should be the main Priority of the company CEO of the Amazon company is top leader of the company and owner as well. Their are some social responsibility of the Jeff to maintain their reputation in the market because Jeff is top richest man alive, and he has some social responsibility toward the societyandtheir employees. Yes,Off coursethe CEO ofAmazon shouldthink that ethics should be the main priority of the company becausethey aretop onlineretailersbutthe reasonbehind their success is their employees who areworking hours and making them successful but employees are not getting proper salaries, and they are not even getting living wages after working whole day at the workplace. Tax is used for the society and their welfare, Amazon is avoiding tax, and they are not paying TaxesTo the government . This is necessary for the company to pay Tax becauseit is helpful for thesociety to get better infrastructure and, school etc (Cumming,Hou and Lee., 2016). If they will not look for their corporate social responsibilitythenit will affect their business because they are messingwith thepolitician or the governmentand company should understand that they have power to take strict action and it will affect their market reputation, and they also have to pay changes for their Tax avoidance.
The last ethical issue is also about their employeesbecause they are work in the companyfor a long hour shift which isaffecting theirmental health They will not get the proper rest then they will not able to work next day. This is an responsibility of the companies EOC to take this as a first priority and solve ethical issues by looking toward their society and employees. Other wise if can affect on the image of the Amazon and their CEO as well, because they are inspiration for the other and ethical problems can caret negative image among them so Ethics should be their first priority. Whether the employees think that companies main priority of the Amazon company. Employees should think that ethics are the main priority of theAmazon companybut not every employees are concerned and share their thoughts with the superiors.There are three kind of the employees at the company who have different employeesas per their behavior, employees with confident and leadership,employeeswho know about the ethics, butthey scare toshare their problems andlastisemployeeswho arecomfortable in every kind of condition, They just care about their salaries, Employees who are confident andwith the leadership qualitiesare concern about the problems and rise their voicetowardthe company about their problems andethicsat the workplace of the Amazon company(David and James., 2019). They know how to deal with the ethics and have some ideasto overcome from the problem. They should complainaboutthe problemlike they are getting very less salaries andworking environmentof the company is also dangerous fro themwhich is affectingmetal health oftheemployees. They should take stand forother employees as well because they are voice of the other. The employees who scared to talk with the superiors and complain about their problems shouldthink thatcompanies first priorityis ethicswhich are affecting their own work, and they can give their support to theemployees whoare rise their voice against theAmazon company and company have to listen to their them because the employees are the main reason behind their success and if every employee will stand togetherthenthe superiors of the Amazon company have to look for the ethics and provide them proper rest and salarieswhich is the big issue of the employees. Lastcategory employees will needencouragementfrom the other employees to give them support (DeTienne And et.al., 2019). They have to communicate with them and tell them why it is necessary for us to make company think like ethics are their first priority.Thiswill
provide them support, andthey can be successfulto convince theAmazon company and get their rights and this can be possible if each and every employee's with fight together for their rights. Whether politicians should think ethics are main property of an company Yes, politicians should think ethics are the main priority of the companybecause they collect the taxes forthewelfare of the society and also to make the infrastructure of the country better, it helps to increase countries GDP growth of the country and government use the taxes make the schools and collages etc for society for their benefits (Ferrell And et.al., 2019). The politicians have powerand reachto communicate with the Amazon leaders, and they can encourage Amazon to make their ethics as the priority, they can not go legally for the taxes buttheir employeesare facing problems andcompany isnot working according to the Labourlaws, and they are also not getting their rightsin the companyso thiscan be reason where they can go legally and take the legal actions file filing the lawsuit against the Amazon company. This will make them understand their mistakes and force them to look for the ethics and make it their first priority and provide their employees their rights and work for the society responsibility (Greenwood and Freeman., 2018). They have also faced the criticism from the big political leaderslike Jeremy Corbyn and the Donald trump. The criticismfrom the both politicianswhich affect on the companiesreputation and the government hason their control so if they want, they can go against the Amazon company, and they can ban the company in their country which will affect thebusiness of theAmazon companybecause they aretop leaders, and they have governmental power which they can use if they want to. CONCLSUION A per the report has been covered the ethical issuesat the workplace of the Amazon company and it has been discussed theaim of this report which is that whether theethics should be the mainpriority of thecompany.It has beenprovided brief description of the company and case study of theAmazon company and cover thethreemainpoints related to the ethics priority and share the opinion for theCEO, employees and political leaders. In the end of this report has been provided recommendation for the companyto overcome from the ethics and create the image better and this will make them more better.
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RECOMMENDATIO Iworld like to suggest the Amazon's CEO to look for the ethics of their business because right now they are top but when customers will get the replacement of them then they will go with them and it will affect their businessif they will continue their ethical behavior it can be difficult for them to overcome from the ethics. They need to look for the ethical problems which are faced by theiremployees andissues which are affecting their business (Suselo., 2018).If they will understand their corporate social responsibility then it will take them toward the more success, and they will create good image in the market. Three recommendation for the Amazon company on the basis of Analysis section of this report is - companies ethics should be the first priority of the company, and they need to understand This because they are the leaders, and they are inspiration for the other. Their work will affect the other that how to do business and what is the way of doing business. If they will not give priority to the ethics then it will affect on the image of the Jess. Employee who should be their main priority and Amazonshould look for their welfare and their rights.Employees also have the powertomake their company think what should be their first priority (Yin and Quazi., 2018). They just need to stay together and rise their voiceso companycanunderrated theirpriority, and they will look for the ethics and the problems at the workplace of the Amazon company. They have to express and share their thoughts. Politicianswho have powershould take the strict action toward the Amazon company to make them understand their firstpriority becausetheyare not paying the taxes whichis ethicalbehavior from the company. Amazon should also understand that they are working in the many countries and thy should follow the rules and regulation of that particular country, sothey could be faced any problem fromthe politicians and the government both.
REFERENCES Books and journal Barry, N., 2016.Business ethics. Springer. Bloom, P., 2017.The ethics of neoliberalism: The business of making capitalism moral. Taylor & Francis. Chan, K. C. And et.al., 2016. A citation analysis of business ethics research: A global perspective.Journal of Business Ethics.136(3). pp.557-573. Cumming, D., Hou, W. and Lee, E., 2016. Business ethics and finance in greater China: Synthesis and future directions in sustainability, CSR, and fraud.Journal of Business Ethics.138(4). pp.601-626. David, M. and James, W., 2019.Business ethics. HAL. DeTienne, K. B. And et.al., 2019. Moral Development in Business Ethics: An Examination and Critique.Journal of Business Ethics.pp.1-20. Ferrell, O.C. And et.al., 2019. Business ethics, corporate social responsibility, and brand attitudes: An exploratory study.Journal of Business Research.95.pp.491-501. Greenwood, M. and Freeman, R. E., 2018. Deepening ethical analysis in business ethics.Journal of Business Ethics.147(1). pp.1-4. Suselo,D.,2018.BusinessandReligiosity:ReviewofBusinessEthicsMayangkara Group.Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB).6(2). pp.82-92. Yin, J. and Quazi, A., 2018. Business ethics in the greater China region: Past, present, and future research.Journal of Business Ethics.150(3). pp.815-835.