You are a Business Ethics consultant, advising a small to medium sized business organisation on the best way to be ethical in business. You will consider ways in which practices are affected by ethical considerations, how different stakeholders may influence business decisions and how a business’s ethical standards affect the community. You have been tasked with undertaking a strategic review of what ethical measures are in place at the moment for your company’ and you need to give them feedback.
Explain the ethical issues a business needs to consider in its operational activities. P1 Explain the implications for the business and stakeholders of a business operating ethically. P2 Describe the social implications of business ethics facing a selected business in its different areas of activity. P3 Assess the social implications of business ethics facing a selected business in its different areas of activity. M2 Examine the ethical concerns of the communities in which a selected business operates. P4 Explain the ethical concerns of the communities in which a selected business operates and suggest measures that could be taken to improve corporate responsibility. M3 Assess how a selected business could improve the ethics of their operations. M1 Evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business.
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