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Business ethics Essay

This report is about the ethical approaches and practices are adopted by the business firm. It is very beneficial for the company, because it is increase the goodwill and improves the efficacy of the workers. The main aims of adopting the ethical activities to enhance or promote the goodwill of their business.

In this report we will discuss the different ethical approaches and ethics activities are adopted the mostly public firms and many small scale business have embraced ethics as a guide to their operations. Employee empowerment helps to create innovation, and employee have a stake with the company and providing the more beneficial ideas and problem solving solution when the obstacles are arises.

The main objective of policy is not to be build or create but convince the employee that is better and it is a better way for or solution the problems. Different approaches which are most ethical path and realize to evaluate the different situation in using the different criteria. Constant learn about ethics and apply to real world business decisions 2 | P A G E Introduction Ethical activities and practices that are adopting by the companies and it are mandatory by the government to follow these.

The ethics activities are adopted the mostly public firms and many small scale business have embraced ethics as a guide to their operations. The main aims of adopting the ethical activities to enhance or promote the goodwill of their business. By the continuous involvement of employee in decision, it has become a less resistance of implementing the new technology or strategy. It is the management tact’s how people are enabling to involve to continuous improvement and ongoing success of their work organization.

Employee empowerment helps to create innovation, and employee have a stake with the company and providing the more beneficial ideas and problem solving solution when the obstacles are arises. Team work is a very key part of employee empowerment process. A manufacturing business have a many small and large scale operational units worldwide and they are required the wide range of workers. When they come into one place for work there are too many issues are created, one thing is better for some people and it is totally against the ethical approach for the others.

Act of 2002 requires that the companies are creates the code of ethics and explain why they are not uses it. There are too many ways to adopt the ethical codes or approaches in their operational activities, if they are fully adopt the ethical practices in business. 3 | P A G E 3-1 Assess the role of the company acting as moral agent Ethics become the most important subject in the business world. The ethics activities are adopted the mostly public firms and many small scale business have embraced ethics as a guide to their operations.

The main aims of adopting the ethical activities to enhance or promote the goodwill of their business. In this era many companies of the world are practicing the ethical operation in their business places. We select the Tesco retailer firm, he act like a moral agent. Tesco was founded by the Jack Cohen in 1919 as a group of market stalls. The officially first Tesco store opened in 1929 in Burnt Oak, Barnet. The company success is depending on how efficiency it is providing the requirement of the customers.

He is focus to maintain the long run relation to and bring the ethical measures of activities. Following are the ethical activates are strictly adopting by the Tesco company. ?Providing the job security to employees ?Fulfill the government rules and regulation ?

Improving the quality of product ?Accomplish customer’s equipment ?Maintain CSR department for company and whole ?Providing the large verities of goods at low prices ?Quality of goods is their main objective and profit is last 3-2 Analyze the development of mechanisms for achieving employee involvement and empowerment Employee involvement is creating the better environment in which people have a bearing on decision and action that affect their jobs. Employee involvement in

organizational decision making process, it is goal or objective, it will be enhance the efficiency of the company. By the continuous involvement of employee in decision, it has become a less resistance of implementing the new technology or strategy. It is the management tact’s how people are enabling to involve to continuous improvement and 4 | P A G E ongoing success of their work organization. Tesco organization has involved their workers in decision making process and getting the feedback for thing improvement.

The term employee empowerment has been around in 1980’s, but in currently it has been grown too much and is implemented in the public and private sectors. Employee empower playing a very important role in the modern functional business. The employee’s participation and involvement affect the both employee and organization positively and negatively. According Ackers, Wilkinson & Dundon employee participation is a process in which decision in the organization are sharing with the individual who are unequal in hierarchy. This is improved decision making process, increase efficiency and effective of the workers, reduce stress and ensure the better time resources.

Employee empowerment helps to create innovation, and employee have a stake with the company and providing the more beneficial ideas and problem solving solution when the obstacles are arises. Team work is a very key part of employee empowerment process. Employee empowerment often calls the restructuring the organization and reduces hierarchy level or to provide more customer and process focused organization. In employee empowerment process is to giving or increasing the job enlargement and job enrichment of the employee to increase their efficiency and motivational level.

5 | P A G E 4-1 Research a current ethical issue affecting a selected business Increasing the globalization, cross-cultural exchange has thrived and business is spreading overseas than ever before. With meeting the new nations and people, a lot of new cases or problems are rises. By diversifying the business with new places and market than many new ethical issues are affected the business operation. A manufacturing business have a many small and large scale operational units worldwide and they are required the wide range of workers.

Having the variety of people of by different in color, race, genders and nation. When they come into one place for work there are too many issues are created, one thing is better for some people and it is totally against the ethical approach for the others. It is creating the difficulties for directors and managers for making the short or long term decision making process. In our selected organization Tesco have faces the many issues in operations, its strategies are very according to the area and nation. Some basically strategies is fitted in United Kingdom but it is not fruitful in Asian countries.

There are numerous ethical issues faced in our today world and have not straight solutions. It is very difficult for the company to choose the best ethical approach which is morally right and which is wrong. 4-2 Report on how the business could improve the ethics of their operations whilst meeting objectives and ensuring good employer / employee relationship Ethics govern how the business firm is using the ethical approaches.

Ethics of business defines the values of the business in which they believe and the employee of that organization is measures what is right and wrong, when it comes to conducting the business. It is how business operates in grey area and makes the ethics in today’s business workplace. By making the good ethical policy for the business and it is the responsibility of the employer to adopt or implement policies that are according with the ethical approaches. 6 | P A G E The main objective of policy is not to be build or create but convince the employee that is better and it is a better way for or solution the problems.

The employer are setup the training session for their employees and the main goal is to deliver them ethical policy of the company and what is expected to them regard to business ethics. By implementing the new ethical policy and implement it in the operational or functional activities of business, employees are more satisfied and they know rule and policies. It is not enough to make an ethical policy and thick about ethics, but should be adopt the ethical practices in the decision making process. Create the different approaches which are most ethical path and realize to evaluate the different situation in using the different criteria. Constant learn about ethics and apply to real world business decisions.

4-3 Design a suitable ethical code Business and professional organization espouse the code of ethics to help workers in their decision making process. If the company has made the new ethical codes and approaches to accept new kinds of behavior improve the efficiency of job, create the set of benchmark and strengthen the profession’s identity. Some business use the term interchangeably and the code of ethics is often differently from the code of conducts. The code of ethics is giving the way of doing business operationally and code of conduct is a way of behavior and measure the specific behavior.

The Sarbanes-Oxley Act of 2002 requires that the companies are creates the code of ethics and explain why they are not uses it. There are too many ways to adopt the ethical codes or approaches in their operational activities, if they are fully adopt the ethical practices in business. It will increase the company goodwill and increase the efficiency of the employees. By increasing the number of customer and making good image in market company should be followed the ethical codes. In the oil industry shell ensure that he will accept the code of ethics and make the law about health and safety, which is should be included the operational activities in the safe environment.

Without impacting any harm to all the natural resources along with adjacent people (Boulstridge and Carrigan 2000). 7 | P A G E Conclusion At the end of this report I am able to make the justifiable ethical approaches for the company. This report is about the ethical practices that the company is adopted and uses ethical code of conduct. For improving the company efficiency and goodwill of the business, many businesses are following the ethical practices in their operational activities.

We create the plan of employee involvement in organizational decision making process, it is goal or objective, it will be enhancing the efficiency of the company. Ethics govern how the business firm is using the ethical approaches. Ethics of business defines the values of the business in which they believe and the employee of that organization is measures what is right and wrong, when it comes to conducting the business. 8 | P A G E References http://asq. org/learn-about-quality/employee-involvement/overview/overview. html http://smallbusiness. chron. com/benefits-practicing-employee-involvement- empowerment-1842. html file:///C:/Users/WaQAs/Downloads/ejbrm-volume5-issue1-article168. pdf.


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