Comprehensive Business Policy and Strategy Unit VII Assessment

This document presents a comprehensive assessment on business ethics, focusing on key concepts such as establishing ethical standards within a firm, the significance of whistleblowing in promoting transparency, and the identification of bribery. The assessment explores the development of a business conduct code, emphasizing the importance of workshops, dress codes, and a healthy work environment to reinforce ethical behavior. Furthermore, it distinguishes between personal and professional ethics, detailing their respective roles in decision-making and workplace conduct. The paper provides a detailed understanding of ethical practices and their implementation in a business environment, supported by relevant references. It covers various aspects of business ethics including whistleblowing, bribery, business conduct codes, personal ethics, and professional ethics.

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Running head: BUSINESS POLICY AND STRATEGY UNIT VII ASSESMENT
Business Policy and Strategy Unit Vii Assessment
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BUSINESS POLICY AND STRATEGY UNIT VII ASSESMENT
Answer 1
1A. a firm has several methods to ensure their code of business ethics. In this process
they make a good relationship between the employees and firm, it helps build the ethics standard
of their employees (Crane, 2016). To ensure the ethics of the firm they conduct some workshop
regarding to the ethics and make sure they understand the cause in which the ethics issue can
arises. To make sure they did not ignored the ethics the punishment regarding the code of
business ethics is mentioned to them as well the rewards for maintain the ethics.
1B. the concept of whistle blowing is generally good for the firm’s ethics. In this concept
it stated that the person who is blowing the whistle he is protesting against the unethical business
which is done in the company. This concept should be seen in a good way and encourage the
person for taking the step. It builds transparency through the employees and maintain good
atmosphere in the firm.
Answer 2
When a person is giving any valuable things or any money to other official with the intention to
get benefited then it was called bribery. Actions like earmark giving by the Politian or drugs
giving by the pharmaceuticals consist in bribery along with giving money to the police (Banuri &
Eckel, 2015) and which is not count in bribery is giving the salary to the employee, paying the
government tax and small token of gratitude.

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BUSINESS POLICY AND STRATEGY UNIT VII ASSESMENT
Answer 3
I would develop the business conduct code to build the ethics strongly in the business. In
the business I would like to conduct some workshop to make sure they could understand the
ethics properly (Bromley & Orchard 2016). There will be a proper dress code, fixed time
schedule, provide healthy atmosphere and rewards for maintaining the ethics.
Answer 4
Ethics basically detects the person’s behavior regarding any situation or the way of
treating the person. The ethics are two types one is personal ethics and the other is business
ethics. In the personal ethics it defines the morals and the influence which helps the person to
make the decision. The personal ethics is generally generated in the person when he is a child
and it exist till the death of that person. In this ethics it stated the honesty of the person or the
way he make the decision in his life (Taylor-Bianco et al.,2017). The professional ethics is the
kind of ethics which given him in the working field. The business ethics taught them to maintain
certain rules and regulations which should be mentioned in the business during the period of
work. The company rules are generally said that they should maintain the company policies,
maintain the dress code, work hours and they cannot disclose the company’s confidential matters
to the others. This two ethics are not similar because the personal ethics is used and followed by
the person in his own ways and the professional ethics which is mentioned by the company has
to be strictly followed by the person if he want to or not.

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BUSINESS POLICY AND STRATEGY UNIT VII ASSESMENT
References
Banuri, S., & Eckel, C. (2015). Cracking down on bribery. Social Choice and Welfare, 45(3),
579-600.
Bromley, P., & Orchard, C. D. (2016). Managed morality: The rise of professional codes of
conduct in the US nonprofit sector. Nonprofit and Voluntary Sector Quarterly, 45(2),
351-374..
Crane, A., & Matten, D. (2016). Business ethics: Managing corporate citizenship and
sustainability in the age of globalization. Oxford University Press.
Taylor-Bianco, A., Tucker, M., Rosado Feger, A., & Barnett, T. (2017). Teaching" Business"
Ethics: Affecting Change through Self-Regulation and Reflection. Journal of
Instructional Pedagogies, 19.