Business Ethics Chapter Summary

Business Ethic
Chapter 1 What is ethics? –Moral principles that govern a person's or group's behavior. –The moral correctness of specified conduct. Understanding
rights and wrong Moral standard are principle based on religious, cultural or philosophical belief by judgments are made about good and bad
behavior. Value System A set of personal formalized into a code of behavior. A well defined value system is a moral code. Value conflict A social
problem is a condition defined by a considerable number of persons as a deviation from some social norm which they cherish. List four sources
influence for your personal moral standard?...show more content...
Ethics in Finance The п¬Ѓnance function of an organization can be divided into three distinct areas: п¬Ѓnancial transactions, accounting, and auditing:
Ethical Challenges For internal employees in the п¬Ѓ nance, accounting, and auditing departments, the ethical obligations are no diп¬Ђ erent from
those of any other employee of the organization. Chapter 4 CSR the voluntary actions that business can take, over and above compliance with
minimum legal requirements, to address both its own competitive interests and the interests of wider society The four components of CSR: Economic
LegalEthical Discretionary The 'Triple Bottom Line This means expanding the traditional reporting framework to take into account performance in
terms of: Social (People) Environmental (Planet), as well as Financial (Profit) –Concept developed by John Elkington in 1994 –Expects organisations to
be responsible to 'stakeholders' interests rather than 'shareholders' profit –Related concepts: –Full–cost accounting –Social entrepreneurialism –Social
and natural capital Type of CSR–Ethical CSR –Altruistic CSR –Strategic CSR Five major trend driving CSR? –Transparency –Knowledge
–sustainability–Globalization –Failure of the public sector Chapter
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The Importance of Ethics in Business Essay
Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific
conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in
regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be
done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.
Personal ethics are something that everyone has, but ones deeds decide whether the choices are the right ones or the wrong ones. Prior to World War
II society as a...show more content...
Codes of conduct are policies including rules such as maintaining honesty, attitude, and respect (Traveler, 2009) for co–workers, the organization and
customers. Only by separation of personal ethical choices in the work place, will an organization succeed and flourish. It is never appropriate for any
employee, management or otherwise, to conduct business for personal gain. The people who become harmed lose trust, confidence, and the expectation
of themselves and of the people who chose to put their personal ethical choice before the needs of the customer and business.
National Business Laws
Conducting business in the United States is regulated by different types of laws. The definition of business law, also known as commercial law, is the
governing of transactions between business entities. These include all aspects such as advertising, collection, banking, contracts, and trade in general
(Legal–Dictonary.com, 2011). Business laws consist of federal, state, and local laws that all organizations small or large must abide by. Federal laws
are comprised to include industry laws and regulations, employment and labor laws, handling of legal concerns, and understanding fair practice
(SBA.gov, 2011). State laws vary depending on which state the company operates from, and the type of industry. State laws affect all corporations
from banks to health care, mortgage companies to retail. Local laws are specific to the town or city the business

Business Ethics Essay
Many business managers argue that the primary responsibility of a business is to turn a profit; however, society is more concerned for corporations
to assume ethical responsibility, in which welfare for the greatest number of people will be promoted. This paper addresses the fact that the
subjectivity of morals within the military and individual leaders; as some issues could be viewed as ethical by a group but not so by others. The
members of an organization and its employees are part of the team, therefore the organization would benefit if their leaders are having strong ethical
principles and positive relationships . Because business ethics helps the team work better both individually and as a unit, thus inspiring ethical values
while...show more content...
The method of emphasizing ethics enables the leaders to be more inquisitive about their ethical issues not only in the leadership workshop but also
back at work. As we continue working to become "all you can be", we can start to let go of our petty self–interests. As we give back, we can potentially
reconstruct our communities. As we serve in for military using the values of freedom, justice, equality, caring, and dignity, we can constantly renew the
foundations of democracy.
Definition of Ethics In accordance to Velasquez, ethics is the discipline that deals with "right" and "wrong" or "good" and "evil" decisions that are
made in according with approved standards of behavior. This is normally regulated by society and legislated by laws from federal government, state,
and the country in which the business is executed, as well as, highly scrutinized by the media. But ethical behavior should not stop there, because
usually laws only set minimum standards which corporations could always improve on (Velasquez, 2006). The problems facing military personnel are
similar to those that business leaders deal with because, both industries see the need for an operational approach to communication, and the
commitment to their members to ensure profits and long term survival in their industry (Awad, E & Ghaziri, H., 2006). Additionally, the military
places strong emphasis in human

The notion of ethics deals with people's behaviors within a company. Social responsibility involves a company's moral obligations and the manner in
which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique
characteristics that express their differences and its independence of the other.Ethics and social responsibility have to be present and coincide with one
another for a business to be ethically sound.
Ethics is the application of one's personal beliefs and the impact on how a person makes decisions regarding the relationships involving a company. The
most common agents that involve a person's decisions are owners, employees, customers, clients,...show more content...
There is a fine line between what is ethically right or wrong with an action committed by an organization. According to Audi, "sometimes ethics is
compromised without dishonesty but by deficiencies in clarity or candor or both" (Audi, 2009). Being dishonest and not telling the entire truth are
examples of ethical dilemmas. On the contrary, social responsibility applies only to an organization or business, whereas ethics applies to people's
behaviors and how the obligations determine whether an action is right or wrong. Social responsibility is the application of a set of ethics to a business
or organization. Edwin Epstein's definition of corporate social responsibility supports the idea that corporate responsibility is ethically based in its
decisions with the agents associated with the company. Epstein stated, "Corporate social responsibility relates primarily to achieving outcomes from
organizational decisions concerning specific issues or problems which have beneficial rather than adverse effects upon pertinent corporate
stakeholders" (Carroll, 1996). Social responsibility contains both the responsibility to discover employee misconduct while also maintaining good
relationships with those outside of the business. According to Berenbeim, it is the corporation's responsibility to maintain those good relationships with
the agents of interest paramount to the obligations to minimize the risk of employee misconduct (Berenbeim,

Essay about Business Ethics
What is ethics? Ethics can be defined as a set of principles used by an individual to govern his or her decisions in an effort to ensure fairness and
equality. Business ethics, as defined by the Stanford Encyclopedia of Philosophy is the applied ethics discipline that addresses the moral features of
commercial activity. The same source also gives a history of business ethics which states that the concept as an academic principle is relatively
young–only about forty years old; but in general is as old as trade itself. In this paper, the following aspects of ethics will be discussed: Ethical issues
faced in business; recent trends in business ethics; international considerations in business ethics; quantitative techniques and ethics....show more
content...
As such, business people go to great lengths to protect the company's ideas; even going so far as to require employees to sign confidentiality
agreements. If an employee gives out confidential information, whether voluntarily or involuntarily, it has the potential to set the company back and
cause them to lose money.
According to Miranda Morley in her article titled 'What Are the Major Ethical Issues Businesses Face?' Other issues faced are employee behavior,
employee work conditions and supplier/customer relations. If, for example, a supervisor discriminated against an employee because off race,
religion or gender it would be deemed unethical. It may also be seen as unethical for an employee to spend company time doing personal activities.
In respect to employee work conditions, it is unethical for employers to subject employees to unsafe work areas; to not compensate employees
adequately for the work done; or to require an employee to do an unusually difficult task or work unusually long hours. With regard to supplier
/customer relations, business owners must consider whether it is ethical to do business with a supplier that has unethical practices. For example a
clothing store must decide if they will continue to do business with a supplier who utilizes child labor. Businesses must also ensure that they do not
falsely advertise products or services or produce anything sub–standard for clients.
Recent Trends in Business

Business, Ethics and The Society
What is Business Ethics?
A recognized authority defined business ethics as the application of our understanding of what is good and right to the assortment of institutions,
technologies, transactions and activities pursuits that we call business. It would have been simple if it were the choice of good or bad in the business.
Since it is not the case, it's not only a matter of legality or universal morality, but it more often related to a series of perceptions of the rightness
involved it daily issues.
De George in 1989 stated that business ethics has three inter–related levels:
The general political– economic system, which includes evaluation of the effects on the society.
The business system, which...show more content...
The False Claims Act provides protection for employees. The court in the United States will provide protection when:
An employee becomes a participant in a "protected activity" (i.e. when an employee decides to confront an employer about illegal activities such as
fraud).
The employer becomes aware of the "protected activity."
The employee is penalized as a result of coming forth about the activities like harassment, termination etc.
When it has been determined that an employee is a victim of retaliation, he or she may petition for:
Reinstatement with the same seniority that he/she would have had if the adverse action did not occur.
Any type of relief that will assist the employee in becoming a whole person again
Interest on the back pay
Two times back pay
Special damages (includes compensation for emotional distress, recovery of litigation costs and the attorney's

Business Ethics
Business Ethics
"Like Nailing Jell–O to the Wall"
What are ethics?
A simple definition for "ethics" is those standards or morals a person sets for himself or herself regarding what is good and bad and right and wrong.
If something is "ethical", it does not necessarily mean that it is legal, and vice–versa. This is partially because ethics are "subjective" – that is, each
person's ethics are unique to that individual. For example, Sally, who works at Becker's, may give a carton of milk to a young mother with a baby
who has no money for food. Though Sally believes this action is ethical, it is not legal. Another employee may not see Sally's action as ethical.
Where do ethics come from?
The most common factors that form a person's...show more content...
Arguments Against Business Ethics
Ultimately, businesses exist to make a profit for their owners and shareholders. In most cases, ethical behaviour adds expenses to the business, reducing
profits. Profits are a good thing – they ensure that people have jobs. The smaller the profits, the fewer income tax dollars are paid, which would hurt
government programs.
The government takes care of ensuring that businesses do things in an ethical way. No other forms of business ethics are required.
Arguments for business ethics
Business, like government, is a system that affects not only its managers and employees, but all members of the community. Many business decisions
affect the lives of people in important ways. If businesses operate in unethical ways, this can contribute to people getting sick (as a result of pollution
or defective products); or consumers could get taken advantage of (through false advertising).

The Harvard Business Review suggests that well over three–quarters of businesses are trying to build ethics into their organizations. Many business
managers believe that, though more costly in the short run, ethical behaviour is profitable in the long run as customers and government regulators will
appreciate it. This will ultimately result in higher profits.
Businesses earn huge profits from members of the community – they owe it to the communities to put something back through

What Is Business Ethics
Introduction
What is 'business ethics?'
Ethics, the search for 'a good way of being' for a wise course of action as it could be practiced by business firms is called business ethics. Ethics is
business deals with the ethical path business firms ought to adopt. Afflicting the least suffering to humans and the nature in its entirety, achieving the
greatest net benefit to the society and economy enriching the capability of the system in which it is functioning, being fair in all its dealings with its
proximate and remote stakeholders, being prepared to correct its mal–habits and nurturing and enduring virtuous corporate character in totality, can be
called business ethics. (Salehi & Saeidinia, 2012)
Literature review
"Ethics is not definable, is not implementable, because it is not conscious; it involves not...show more content...
This is very much attached with the human resources section of a company. Some of them are,
Ethics involves to basic human needs. In business ethics I is very important because a manager's decision would affect most of people's life. Most of
the human resources managers face these problems. When HR manager's response to honest and beneficial to the society automatically everybody will
be happy and the managers can be proud about their decisions. This will lead a company success.
Values create creditability with the public. The public think a company to be ethically nourished. Society respect the companies that have ethical values
among them. All the companies value the money at first. Public problems would be solved greatly.
Valued give the management creditability with its employees. The leader and the other people should be in the same platform. Without having
problems with employees if a manager can take decision people will respect him/her. Only the business strategies and benefits cannot win employees
creditability. There should be good attitude among managers to uplift a

Business Ethics
Business ethics is a diverse field that cannot be defined with a single definition. This area addresses numerous issues, problems, and dilemmas within
the management of businesses. Does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics
, we must explore the types of issues that business professionals are continuously confronted with. To understand one must know the definition of
corporate ethics as well as knowing what the ethics of responsibility are. After defining what ethics are, we then need to see how these are played out
within management. This will show the decline and fall of business ethics over time and how whistle blowing has...show more content...
Our profit comes about through our effort to promote the prosperity of the community as a whole. (p.15). There are many differences of opinion in
the role that ethics ought to play at the third level of evaluating policies and practices. This is because every person within a corporation may be held
to a different set of ethical standards depending upon the position they hold. Not all have the same feelings about the ethical standards that one
individual may have even though they all know what position he holds and what his job is. This can lead to potential conflicts between corporate
ethics programs, management roles, and individuals. Many sermons have been preached about the ethics of business and the ethics of businessmen. Of
these, one topic is plain. This is the use of everyday honesty. Businessmen are constantly told they should not cheat, steal, lie, bribe, or accept bribes.
Men and women do not gain exemption from these rules just because of their jobs or positions within a business or society for that matter. As such,
when these individuals do break the rules of ethics, they are usually severely punished. Often this punishment varies with the level of

The Ethics Of Business Ethics Essay
Resource A discusses how ethics is crucial in business. There are three key ideas used to understand this. Firstly, making ethically wrong decisions tend
to cause more upset than other general mistakes as purposeful unethical actions are not as easily forgiven or forgotten. Secondly, ethics provides
businesses with a broader understanding of everything to do with their business. Business ethics is effectively just business it its larger human context.
Thirdly, being unethical can tarnish the public image of a business which can lead to a drop in sales and profits. There is a myth in the business world
that business and ethics don't mix. The reason ethics are considered to be relevant to the bottom line is that regulation is the price business pays for bad
ethical strategy.
The whole point of business ethics is essentially to define and defend the basic goals of prosperity, freedom, fairness, and individual dignity. This goes
along with the 3 C's of business ethics; compliance, contribution and consequences.
Business ethics are the foundation of business, despite business thriving on competition, it survives on the basis of its ethics. Comparing business with
a game (practices) makes it easier to understand things like for example how having 'players' who cheat can impact badly on the business. Ethics is a
way of thinking which can defined under Solomon's eight rules.
Resource A provided me with a lot of new information about how important ethics really is to

What Are Business Ethics?
Business Ethics
Naveed Ahmed Saleem Janvekar
Introduction:
The survival of an organization depends upon the integration of business codes with the societal ethics. Ethics concentrates on the general nature of
morals and the specific moral choice an individual makes in relationship to others. It represents the rules and regulations governing conduct of the
member of a profession. The area of focus in this essay is to explore the effects of business ethics.
Business ethics are a set of moral principles and values that govern the way a person or a business behaves. Ethics involves distinguishing between
"right" and "wrong" and then making the "right" choice. It may fairly be easy to identify unethical behavior. However, it is not always easy to create
definitions of good ethical practices. (What are business ethics?, n.d.) Potential entrepreneurs sometimes overlook business ethics because they often
have other priorities, such as business ideas, advertising and financial matters to consider. However, business ethics have a more powerful influence
on the existence of a business operation than most people think as it creates a positive image of a company and increases the credibility. Practicing
business ethics increases the overall profitability of the business and hence adding to the growth of the company. However, flouting business ethics
could lead to serious damage to the company's reputation and decreasing a company's profitability by losing out on its

Business Ethics Paper
MOI UNIVERSITY
SCHOOL OF BUSINESS AND ECONOMICS
ELDORET WEST CAMPUS
(Human Resource option)
COURSE CODE:BBM 406
COURSE:BUSINESS ETHICS
TASK:Assignment I
PRESENTED BY:Jayne Wairimu Njenga
ADM NO. BBM/1491/07
PRESENTED TO:ROSE OMONDI Course Tutor
DATE:March 2009
Question:
Is good Ethics good business?
Definition of Business Ethics
Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by
organizations in both their strategy formulation and day–to–day operations. An ethical approach is becoming necessary both for corporate success and

a positive corporate image. Following pressure from...show more content...
3.Business to External Environment. Because businesses exist within a community from which they take resources, businesses have ethical
responsibilities to the community. This obligation to protect and enhance the society is called Social Responsibility. This also includes responsibilities
to the customers from which they earn profits. The main areas of Social Responsibility are:
Ecology and environmental quality – preventing and cleaning pollution, noise control, recycling, preserving land.
Consumerism – truth in advertising, warranties, control of harmful products.
Community needs – helping charities, aid with health care and urban renewal.
Governmental relations – elimination of bribery of officials and lobbying, following laws.
Minorities and disadvantaged persons – providing training and opportunities for these groups.
Labour relations – permitting unions, negotiating fairly, providing fair working conditions and compensation.
ARGUMENTS AGAINST BUSINESS ETHICS
Ultimately, businesses exist to make a profit for their owners and shareholders. In most cases, ethical behaviour adds expenses to the business, reducing
profits. Profits are a good thing – they ensure that people have jobs. The smaller the profits, the fewer income tax dollars are paid, which would hurt
government programs.
The government takes care of ensuring that businesses do things in an ethical way. No other forms of

According to Wikipedia, ethics, also known as "moral philosophy", is a branch of philosophy that addresses questions about morality. Concepts such as
good and bad, noble, right and wrong, justice and virtue. To business, ethics is a tool to examine principles and moral or ethical problems that arise in a
business environment. Therefore, business ethics can be both a normative and a descriptive discipline. Ethics is a part of the larger social ethics, and
also always affect business development. In other words, business ethics is a factor of determining the fundamental purposes of a company. Marketing
ethics is a subset of business ethics. Because in marketing, ethics deals with the principles, values and ideas by marketers; it shows how...show more
content...
San lu was the milk company that suffered the milk crisis in 2008. This company used to be well known over the country, and made huge
contributions to Chinas development. However, since 2000, the milk industry started getting more narrow for competition. For getting higher profits,
San lu had used chemical materials to produce dairy products. In 2008, the whole story was discovered, San lu lost thousands of millions of dollars
and reputation with the brand was broken. In the past, San lu is a large state–owned dairy producer and was the focus of the scandal since the issue
came to light. Afterward, the U.S Food and Drug Administration warned consumers to avoid buying infant formula imported from China. This would
taint China; also it alarmed all Chinese milk companies. In the early 2010, Shang Hai University published a survey with 300 pregnant women and
mothers from different places in China. 85% thought they would rather order milk products from overseas; 38% are not positive with the nationwide
milk industry. Since this happened, San lu paid a high price. The considerations of the public: What products could we trust? How we conduct with
something might come up with like San lu's story? How should we promote a fair and healthy market competition? Ethics is the key to a business firm.
It is a fundamental sector to determine development and policy creations. According to San lu's case, it reflects that importance of ethics in business.
For future

What Is Business Ethics? Essay
A.Ethics
In business everyone has the power with their ability to spend an amount of money. People have the capacity to change situations in which many
individual does not. As an organization may affect some people, they might have the obligations to their employees, consumers, community and the
outside world. They have the responsibility to manage or control the business in a way that it will not harm, positively the benefits like people as
possible and themselves. This can be simple, there may always be a conflict of interest between various groups of people. Each decision made by
business man or woman has to be made with an informed awareness of the specific situation and then act according to some sort of system of
principals, which is Business Ethics.
What is Business Ethics? .
Business ethics is a form of applied , and that knowethics or professional which analyse ethical principales and moral which means the ethical problem
that arise in business environment. it is examining what is wrong and right.
" Then doing the right thing, but "the right thing" is not as straightforward as explained in many business ethics books
B.Ethical Dilemmas
By definition, ethical dilemma is a moral dilemmas, is like kind of situation where there is a choice must to be make between two options, which the
situation might be resolve in ethically acceptable manner. Ethical situations sometimes present the the conflict, and it is sometimes tempting to
rationalize a particular course

Business Ethics Business ethics is a multifaceted field that cannot be defined with a single definition. This area addresses numerous issues, problems,
and dilemmas within the management of businesses. It does this through numerous perspectives and methods. Of course, in order to present the
complexities of business ethics, we must explore the types of issues that business professionals are confronted with all the time. Business ethics not only
portray to humans, but also to how businesses treat the environment.
My father stated to me that the enterprise in which he is engaged in, and the products or services that they market, should serve an inherently ethical
purpose and that a companies primary ethical responsibilities are defined...show more content...
Are your major stockholders informed of major problems in the company?
In the past there has been times where we have not informed out stockholders and let the problem blow over as to not cause a rapid sell of the
company stock. If the problem would of continued many people could of risked losing a fortune, so in fact that was unethical, I myself was worried
for my company stock investments. By keeping you stockholders and employees in the dark you could run the risk of problems like Enron is having.
Does ?? stay on top of handling customer service or does it put issues aside like other companies?
This is one item I can say is always handled professionally. The Japanese are very strict when it comes to keeping the customer happy and will do
almost anything to keep the return business. There are a few companies that do the same services we do. They are constantly trying to get more
business because of their ethics and the way they treat their clients. When a client is not big enough, I'm saying that they do $2 million a year in
business compared to the big three that do $100 million a year. A customer is a customer and purposely sabotaging their efforts to get them out of
the way for bigger clients in wrong. But as I have seen in from past experience, twenty loyal small clients are always better that one big client you will
leave for a price difference of

What Are Business Ethics? Essay
Business ethics; what does it really mean? Some say it's an oxymoron and the two words can't exist together as a concept. These people will tell you
that within business, there is no room for ethics and ethical behavior. Others will explain the need for businesses to practice good ethical and moral
values within their company, and the importance of this to our society. For me, in the past, I honestly never gave the idea or term a second thought.
Now after learning so much of business in our society I have a firm understanding of business ethics and I've developed my own personal view that
reflects it. At the roots of proper business ethics is undoubtedly, understanding. As with life, all truths and therefore all 'rights', come with...show more
content...
Mill's Harm Principle was written from his concern about the civil liberties of individuals in governed societies. Mill's harm principle states:
"the sole end for which mankind are warranted, individually or collectively, in interfering with the liberty of action of any of their number, is
self–protection. That the only purpose for which power can be rightfully exercised over any member of a civilised community, against his will, is to
prevent harm to others. His own good, either physical or moral, is not sufficient warrant. He cannot rightfully be compelled to do or forbear because
it will be better for him to do so, because it will make him happier, because, in the opinion of others, to do so would be wise, or even right...The only
part of the conduct of anyone, for which he is amenable to society, is that which concerns others. In the part which merely concerns himself, his
independence is, of right, absolute. Over himself, over his own body and mind, the individual is sovereign."(p.68)
What Mill's says here is that our actions shouldn't hurt others or hinder there happiness in anyway, even at the benefit of our own happiness.
Furthermore the only way we should stop someone from doing any sort of action is when that person harms another, and only then should there be
intervention. Though this

Ethics In Business Ethics
The theme I have chosen for the Meeting the Management Challenge for this Assignment is "Business Ethics" In this essay I have looked into the
definition of ethics, Business Ethics, International Principles of Business Ethics and How the use of Business ethics have influenced certain companies
like "Volkswagen" and "Toshiba". The importance of the use of businessethics to business leaders is also discussed further on in the essay.
2Essay
2.1Summary
In an age of development where people are more exposed to globalization, new ideas, morals and principals, ethics has become a very important
principle to keep up with. Ethics is generally defined as the most beneficial practice of behavior. It allows us to define our personal goals or objectives.
...show more content...
The writer has emphasized on the importance of ethical decision making as it plays a major role in business organizations. Ethical leadership
involves core values, integrity and good will. Currently, there is a negative consequences on business because of the lack of ethical leadership. It is
believed by the writer that there are a lot of non–ethical practices currently ongoing in India which includes corruption. For this reason it has become
crucial for the practice of ethical governance and ethical leadership. The leaders should also be ethical in decision making as their behaviors influence
others greatly. The recent global scandals in business emphasis on the importance of ethical behavior in organizations. For this reason the writer
believes that it is crucial to provide ethical education. In regards, the companies of India has also recognized the importance of integrity, transparency
and communication while running businesses. The companies have also realized that adopting the code of business ethics successfully would help in the
long run to overcome these problems. And hence so compulsory ethics education at all professional programs is recommended by the writer for

Understanding Business Ethics
Unit 37: National Diploma
Assignment brief
TASK 1:
Scenario: Business ethics – a study of a selected company
With growing interest among consumers regarding the business ethics of the businesses brands that consumers buy, Westminster council wants to
conduct an independent review of some of the organisations that sell their goods and services in the borough. You have been asked to select one of the
following brands and conduct research into their business ethics.
1. Using Primark as a case study, visit their website/conduct research into their activities to help with the tasks below.
Task 1: PRIMARK – GROUP PRESENTATION
Explain the ethical issues Primark needs to consider in its...show more content...
Task 2: Social Implications – McDonalds Describe the social implications of business ethics facing the selected business in its different areas or
activity (P3)
Assess the social implications of business ethics facing the business in its different areas of activity (M2)
Social implications refer to those actions of business that have an effect on society as a whole and relate to a number of areas of business activity.
McDonalds have come under growing criticism in the last few years in terms of the social implications of their business activities. Write a report which
should include the following:

A. Describe the social implications of McDonalds business activities. Include the following headings: – Nutritional value of McDonalds Products and
link with obesity
– Food

What Is Business Ethics?
MIS 6308 – Assignment: Business Ethics Essay (50 points) What is business ethics? Business ethics can be understood as codes that define the
actions and behavior of the employees in an institution. Standards are set by every company to define what is accepted as 'Right' and each
employee is expected to abide by these standards. For a business to run successfully it is important to abide by the set of standards that are defined.
Companies around the world observe these ethical principles strictly; ensuring that all of their employees follow the rules. When an employee is
hired he has moral as well legal obligations. The employee is expected to work as per the requirements in his contract. He should treat others with
legitimacy and dignity. One should always have a thought process of making ethical judgments, for example compare the views and experience of the
observer with what is already committed with the outlay of prevailing norms, which are acceptable. Some of the legal unethical scenarios may include
causing harm to company's work and co–workers. Moral unethical scenarios may include indulging in practices like fraud, corruption, unlawful
activities, even being dishonest to the customers about the safety of the product leads to hampering of individual's as well as company's reputation.
Unethical practice may include going against the law but breaking laws does not always mean a person is unethical. Sometimes a person might
accidently break a law and if he is ready to

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