Examining Ethical Leadership and Management in Tesco PLC

This essay provides a comprehensive analysis of business ethics at Tesco, examining the importance of ethical practices within the organization and its impact on stakeholders. It explores why Tesco is a suitable case study for evaluating business ethics, highlighting the company's efforts to conduct ethical venture practices concerning customers and workers. The essay discusses the significance of business ethics in avoiding legal obligations, building trustworthiness, and achieving a positive reputation. Furthermore, it delves into stakeholder theory and care theory, illustrating their relevance to contemporary debates in business ethics, particularly in the context of Tesco's operations. The conclusion emphasizes that by adhering to business ethics and incorporating principles from stakeholder and care ethics, Tesco has gained a competitive edge and established a strong brand image. Desklib provides a platform to access similar solved assignments and past papers for students.

LEADING AND
MANAGING ETHICALLY

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Explaining why TESCO is a good choice to critically discuss & evaluate business ethics........1
Explaining the importance of business ethics in Tesco...............................................................2
Stakeholder theory to contemporary debate in the context business ethics.................................2
Care theory to contemporary debate in the context business ethics............................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Leading and managing organization ethically refers to following certain rules &
regulations by adoption appropriate conducting into organizational processing. In the current
era, it has become essential to have proper application of ethics so that monitoring & controlling
can be effectively by avoiding irrelevant legal aspects. The current report is based on Tesco
which is one of the largest commercial retail company. It will comprise the reason , importance
& role of theories of business ethics.
MAIN BODY
Explaining why TESCO is a good choice to critically discuss & evaluate business ethics
Tesco is one of those popular organizations in the UK, which known as the most ethical
organization in the retail industry as it may effort to conduct ethical venture practices in regard
to customers and workers as well. For example, it may attempt to develop effective plan and
approaches that to fulfil the needs and expectations of consumers via production and supply of
quality items (Papaluca, Sciarelli and Tani, 2020). It may focus on those buyers who are
vegetarian and non-vegetarian, which enable workers to offer products accordingly, that is quite
important for success and continues progress of brand in market. Business ethics is defined as
suitable business practices and policies regarding specific controversial concepts such as bribery,
corporate social responsibility, insider trading, workplace discrimination and fiduciary
accountabilities.
Chosen company is suitable to critically discuss and examine venture ethics, because it
may take initiative to form a policy for workers and potential consumers safety, which prevent
them from any kind of fraud and impact of any unethical practice. For instance, in order to
maintain its valuable image and build on its success, management within organization may
conduct business in a way that is ethical, legal and sustainable.
Each staff member may sign an comprehend of confidentiality to firm when starting their
work or joining brand. It may effort to develop comprehensive policy which covers information
about how supermarket may treat confidential data of candidates, by using strong passwords and
placing information within advance systems with a hard copy which reduce risk of being stolen
by the other individuals who may misuse info, which may put negative impact of chosen
company. TESCO is the best example of those companies in retail industry that conduct ethical
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activities by considering each factor, just because of this reason it is good to evaluate the
concept.
Explaining the importance of business ethics in Tesco
Business Ethics (BE) are crucial for any organization so that proper compliance of rules
& regulation can be exerted in company. TESCO as being international organization effectively
execute BE in turn various benefits can be achieved. The one of the crucial reason for which
commercial organization highly give emphasis on BE is to get ability to avoid legal obligation
that can hinder organizational performance (Koven and Perez, 2021). In order to have
trustworthiness among stakeholders implementation of business ethics in managing & leading
operational practices provides assurance that net profitability, reflected expenditure, ROI, etc are
presented in accurate manner (Koven and Perez, 2021). In addition to this, TESCO largely pay
attention on having positive impact by implementing ethics in continuous manner.
This helps in providing information regarding the factors that employees favorable
condition, tax liabilities, corporate social responsibilities, etc are effectively accomplished by
TESCO. It provides assistance in achieving good reputation that can help in presenting positive
credibility tactics of company in turn raising fund from diverse sources becomes possible for
organization (Ferrell and et.al., 2019). Being ethical & trustworthy enable the organization to
attain opportunities of expansion from strong competitors. On the basis of this, it can be
identified that for having these mentioned benefits company require implementing business
ethics. TESCO has become successful due to its proper adherence of BE in operational practices
that has boosted its progress in retail industry.
Stakeholder theory to contemporary debate in the context business ethics
It is quite important for an organization, whether it is small or large to conduct ethical
business activities, because it enables them to sustain in specific market for longer and allow to
be competitive against key rivals (Hörisch, Schaltegger and Freeman, 2020). There are several
concepts and models accessible in the world of corporate that has been utilized in the context of
many firms to drive their attention and to provide comprehensive understanding about business
ethics importance and drawback, when they do not consider so. For example, stakeholder theory
provide a view of capitalism that conduct ethical activity and gain benefits throughout. It may
argue that a company whether it is private or public must develop value for all stakeholders. It
includes target market, suppliers, customers, managers and governmental bodies. By conducting
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sustainable and ethical practices, organization may grow continually. On the other hand, without
doing, so they may face major challenges or legal issues.
Care theory to contemporary debate in the context business ethics
There are various types of responsibilities for which firm of any scale is liable to comply
with it so that appropriate processing can be attained. This theory affirms caring motion, moral
deliberation, motivation, etc. It comprises the corporate social responsibilities which is
concerned with making sure by the commercial organization that they take certain actions like
educational, medical, etc type of assistance so that society can be motivated in positive manner
(Bell, Winchester and Wray-Bliss, 2020). There are legal norms as well which ensures that firm
is implementing this BE practices for caring & motivating society in favorable manner. On the
others side, this particular theory articulates that in absence of such activity implementation firm
may face consequences such as non-acceptance of product by society, inability of human
resources, etc. These all will result in hindering the performance of organization which can
justified that having appropriate implementation of business ethics si important to be satbel in
organization.
CONCLUSION
On the basis of above discussion, it has been determined that organization has gained
competitive edge and build strong brand image in market by following business ethics concept
and suggestions stated in stakeholder theory as well as care ethic.
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REFERENCES
Book and Journals
Bell, E., Winchester, N. and Wray-Bliss, E., 2020. Enchantment in business ethics
research. Journal of Business Ethics, pp.1-12.
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.
Hörisch, J., Schaltegger, S. and Freeman, R.E., 2020. Integrating stakeholder theory and
sustainability accounting: A conceptual synthesis. Journal of Cleaner Production. 275.
p.124097.
Klopotan, I., Aleksić, A. and Vinković, N., 2020. Do business ethics and ethical decision
making still matter: Perspective of different generational cohorts. Business Systems Research:
International journal of the Society for Advancing Innovation and Research in Economy. 11(1).
pp.31-43.
Koven, S. G. and Perez, A., 2021. Corruption and Business Ethics. In Oxford Research
Encyclopedia of Business and Management.
Papaluca, O., Sciarelli, M. and Tani, M., 2020. Ethical Branding in the Modern Retail: A
Comparison of Italy and UK Ethical Coffee Branding Strategies. International Journal of
Marketing Studies. 12(1).
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