Analyzing Ethical Challenges in the Global Business Environment Report

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Added on  2022/11/28

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This report delves into the ethical challenges faced within the global business environment, focusing on the case of Morrison's supermarket chain. It begins by analyzing the significance of the global business environment and the ethical issues that arise, particularly corporate social responsibility (CSR). The report examines the positive and negative impacts of CSR, followed by an exploration of codes of conduct and their role in resolving ethical issues. It highlights the importance of collaboration, adopting best practices, and employee awareness. The report then discusses the support provided by professional bodies like ICRS and CIPD in addressing global environment issues. It further explores the impact of adhering to and disregarding codes of conduct and professional bodies. Finally, it includes a continuous professional development (CPD) plan, outlining learning areas, future implications, and actions to enhance professional growth in this domain. The report concludes by emphasizing the critical need for businesses to effectively address ethical concerns within the global context.
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Table of Contents
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
TASK 1.......................................................................................................................................3
Briefly analyse ethical challenge facing the global business environment............................3
Code of conduct that assist in resolving issue........................................................................4
State concept which effect on both support and codes of conduct have on issue..................5
CPD PLAN.............................................................................................................................6
CONCLUSION..........................................................................................................................8
REFERENCES...........................................................................................................................9
Books & Journal:....................................................................................................................9
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INTRODUCTION
Business sector is wider and broader which consists of different types of environment
and accordingly activities are carried out. Global Business environment refers to
environment which includes different integration with foreign countries and factors which
affect their environment and decision making (Ifinedo, 2018). Main aim of this report is to
examine the impact of global Business environment and identify the challenges encountered
within by organisation. Morrison’s supermarket chain headquartered in United Kingdom.
Enterprise deals in grocery items apparels, fashion and accessories etc. It has many
competitors like Amazon, eBay, Walmart, Tesco etc. This report consists of various kinds of
ethical challenges, code of conduct in providing solution to issues, positive & negative effect
of code of conduct. Continuous professional development plan is also examined.
MAIN BODY
TASK 1
Briefly analyse ethical challenge facing the global business environment
This is essential for business organisation to be aware about global Business
environment and what different it ethical issues can be arise during enterprise activities
functions and operations (Lu, 2019). In consideration of Morrison’s, with the help of market
and social message manager and leaders both are capable of analysing ethical issues which
could be arise within global business environment and impact upon processes. So, in today's
time corporate social responsibility is to be known as major challenge which is found and
encountered by multinational companies.
Corporate Social Responsibility
This is defined as an ethical challenge in which enterprises are integrated with social
as well as environmental concerned activities and execute their business operations with
consideration of improving environment. With changing period of time, it is becoming
critical essential for every entity to focus on corporate social responsibility so that
engagement towards stakeholders is done in most efficient manner. In reference of selected
organisation, it is a global located company which enforces them to fulfil their CSR so that it
become easier to follow all rules and regulations with environment, meet needs and demands
at all aspects of society or community.
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Positive impact
ď‚· Ease of organisational processes & activities- It is the positive effect of CSR which
is adopted by Morrison’s. When Corporate social responsibilities are properly filled
by select company it makes it easier for them to focus on execution of their business
activities in most efficient manner without facing any legal problem.
ď‚· Increases goodwill- It is another positive effect of CSR because when organisation
systematically fulfil their responsibilities with environment and people engagement
and Goodwill of a brand increases at higher scale with the market which also leads to
accomplishing of competitive benefits (Ngwane, 2018).
Negative impact-
ď‚· Requires wide range of information- It is a negative impact of CSR because when
company needs to fulfil their social integrated responsibilities they need a deep level
of information with the relevant data on the basis of which reports and documents are
prepared which is a time consuming and a lengthy process.
ď‚· Flexible- It is another negative impact of corporate social responsibility because it is
flexible according to the time and changing trends which makes it difficult for
organisation to fulfil their responsibilities at all aspects.
Code of conduct that assist in resolving issue
It is not easier for ownership to deal with explosives because then it should be resolved
with appropriate way so that processes of companies are not being affected. With proper use
of code of conduct it is convenient for organisation to carry out their activities and execute
them in ethical manner (Ali, 2020).
Working as collaboration team- This is too crucial code of conduct which is utilized by
Morrison’s when it comes to resolving issue of ethical problems because then employees in
organisation works together in become easier for companies to accomplish their task on given
deadline and promote mutual understanding at workplace which is beneficial for growth and
development.
Adopting practices- It is another important code of conduct image it focuses on
implementation of most effective strategies which can be used how to solve encountered
issue at workplace. Practices can be adopted beginning relevant information and analysis of
market which gives different ideas to individual how to deal with ethical issues.
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Employees- The purpose of meaning and carrying out all activities ethically and
professionally so that subordinates awareness is needed to be increased within workplace so
that all objectives are accomplished.
Thus, from the affected paragraph, it is seen that it is critically crucial for Morrison’s
to have appropriate knowledge of different code of conduct so that they are capable of
resolving issues within the time interval and decisions are undertaken accordingly
Support by professional bodies to help with global environment issue
Professional bodies are those that work for improving development and growth of
global Business environment and address in the issues as soon as possible. Different types of
professional bodies are available in UK who regulates different form of policies and
regulations and rules. With the help of these various types of professional bodies Morrison’s
is able to deal with global environment issues effectively. So whereas professional bodies are
described below-
ICRS
It is body which is expanded as Institute of corporate social responsibility and
sustainability whose main objective is to make ensure and regulate policies or regulations
which are needed by every business sector to execute their activities within environment
(Meyers, 2018). With the integration of these professional bodies Morrison’s find it easy
engage with customer society and community efficiently. Different and wide range of
information is laid down by ICRS which helps selected company to fulfil their
responsibilities at every respect and process.
CIPD
CIPD is expanded as continuous chartered Institute of personnel development which
is main professional body to award professional human resources qualifications (Macasaet,
2019). With the help of this professional body they provide a detailed knowledge and
information about personal development and growth is possible by resolving ethical issues.
From the above reflected paragraph it is stated that global environment issues are
easily resolved by professional bodies due to their level of expertise and information they
possess. It is duty of both managers and leaders to ensure that healthy relationships are
maintained with these associations which are beneficial for future growth.
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State concept which effect on both support and codes of conduct have on issue
Despite of being having option of following code of conduct there are many
organisation that do not properly follow them and faces many problems. Different impacts of
code of conduct are given below-
Influence when code of conduct and professional bodies followed
When professional bodies and code of conduct are properly being followed by
Morrison’s enterprise is capable of making changes in ethical way and also executes business
activities with effective decision making (Kumari, 2018).
Impact when code of conduct and professional bodies not followed
When professional body or codes of conduct are not followed by corporations various
problems are being faced like lack of customer engagement, conflicts between management
and many more.
This has been examined to that both professional bodies and code of conduct are
needed to be analysed and adopted by Morrison so that business processes or activities are
executed with proper considerations (Olawumi, 2018).
CPD PLAN
It refers to continuous professional development plan which is a written document
that depicts about out conducted by individual and what actions are taken to achieve those
activities.
Area of learning Reflection of
learning
Future implications Action
GBE
At the time of
module I gain a
deeper level of
learning about global
Business
environment and how
the impact on
business structure or
their operations.
It will have a wider
impact on my future
and career because
global Business
environment is being
focused by every
organisation on the
basis of which they
carry out their
processes.
In order to achieve
this target it will be
done by me by
generating and
gathering more and
more information
about different
business environment
of foreign countries
through search
engine browser.
Code of conducts
During module I also
learnt about different
code of conduct and
why they are
It will too to impact
on future and career
goals because with
proper use of code of
This learning will be
more developed and
achieved by doing
internship with
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essential for business
development and
growth.
conduct I will be
capable of improving
my abilities.
various professional
bodies.
CSR
It was the most
important learning
during module as
ethical issues such as
corporate social
responsibility was
memorized by me
which helps me in
understanding
different ethical
issues.
Every organisation is
linked with corporate
social responsibility
and concept so by
learning this will
improve my
knowledge towards
importance of needs
and wants of
communities.
Which may be
undertaken to
complete this
learning are
initiating workshops,
engaging with
people, community
etc.
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CONCLUSION
After above reflected report, it is critically analyse that global Business environment
directly impact upon enterprise over or structure which is required to be properly so
discussions have been made about different types of code of conduct ethical issues and
professional bodies. Therefore, it is necessary for multinational companies to focus on
resolving ethical issues effectively.
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REFERENCES
Books & Journal:
Ifinedo, 2018. Business undergraduates’ perceived use outcomes of Moodle in a blended
learning environment: The roles of usability factors and external support.
Telematics and Informatics, 35(1), pp.93-102.
Lu, 2019. ManuService ontology: a product data model for service-oriented business
interactions in a cloud manufacturing environment. Journal of Intelligent
Manufacturing, 30(1), pp.317-334.
Ngwane, 2018, March. Ethical Conduct of Female Entrepreneurs in South Africa. In ICIE
2018 6th International Conference on Innovation and Entrepreneurship: ICIE 2018
(p. 316). Academic Conferences and publishing limited.
Ali, 2020. The Pros and Challenges of Islamic Ethical Principles in Entrepreneurial
Activities in the Modern Era with Special Reference to Trade and Commerce.
Entrepreneurship in the New Era, p.90.
Meyers, 2018. Not your fairy-tale prince: the Nigerian business email compromise threat.
Computer Fraud & Security, 2018(8), pp.14-16.
Macasaet, 2019. Micro-business Requirements Patterns in Practice: Remote Communities in
Developing Nations. JUCS-Journal of Universal Computer Science, 25, p.764.
Kumari, 2018. Fog computing for Healthcare 4.0 environment: Opportunities and
challenges. Computers & Electrical Engineering, 72, pp.1-13.
Olawumi, 2018. A scientometric review of global research on sustainability and sustainable
development. Journal of cleaner production, 183, pp.231-250.
Fadelelmoula, 2018. The impacts of the quality dimensions of the ERP system on the
realization of the fundamental business objectives and perceived usefulness.
International Journal of Enterprise Information Systems (IJEIS), 14(4), pp.89-107.
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Martinsuo, 2019. Delivering value in projects and project-based business. International
journal of project management, 37(5), pp.631-635.
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