P1 Describe the ethical issues a business needs to consider in its operational activities.
Ethical issues affect all businesses, if a particular business is becoming a victim of bad ethical problems it could close because the public perception would be very low. But if a company focuses on good ethical actions like recycling and only buying fair trade produce it would increase their popularity with consumers and boost sale.
I have chosen PepsiCo for my business to study because they have been in the headlines in the past with things to do with ethical issues. They are in the grain based snack foods and beverage and some other products. I have chosen this company because it an internationally recognized company that generated billions of pounds a year in revenue. Their headquarters is currently stationed in New York, the beverage drink product, Pepsi is originally developed in North Carolina in 1898 by a young business man and then sold to PepsiCo to 1961 where it was renamed Pepsi.
Mission Statement: Our mission is to be the world's premier consumer Products Company focused on convenient foods and beverages. We seek to produce financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate. And in everything we do, we strive for honesty, fairness and integrity.
PepsiCo’s mission statement goes into how they provide world premier products which is focused on foods and beverages. They speak about how they seek to provide all their employees with opportunities and growth also with a competitive salary. At the end they also proclaim that they are honest and fair, which is a good way for any company to be viewed by its customers.
Aims and objective: PepsiCo’s responsibility is to continually improve all aspects of the world in which we operate – environment, social, economic - creating a better tomorrow than today.
...P1 – Describe the ethicalissues Coca Cola needs to consider in its operationalactivities.
Your manager has asked you to prepare briefing papers to explain the ethicalissues the client organisation needs to consider in its operationalactivities (P1)
Understanding Business Ethics | Understanding business ethics |
Business Ethics plays an important role in business today and it can be defined as an examination of how people & institutions should behave in the world of commerce and it
Ethics - is the study of the moral obligations and the difference between right and wrong.
Ethical values – the standards that are held and are set by a business or individuals that control their behavior.
Every activity and every profession requires that employees work with the responsibility and must respect not only general, but also the special requirements of professional morality.
Since ancient times it comes to professional morality or professional ethics, emphasizing such things as professional conscience and responsibility, self-esteem and dignity.
Individuals and professionals within...
P1 – Explain the ethicalissues a businessneeds to consider in its operationalactivities.
Definition Of Business Ethics
Ethics are to do with what is right and what is wrong. Ethics plays an increasingly important role in business. A business is part of society and just as society requires a certain standard of behaviour from individuals; it also expects businesses to abide similar standards. Business ethics is therefore the application of ethical values to business behaviour. It applies to all aspects of business conduct from boardroom strategies and how companies treat their suppliers to sales techniques and accounting practices. Ethics goes beyond the legal requirements for a company and is therefore a matter of choice. Business ethics applies to the conduct both individuals and to the organisation. It is about how a company does its business and how its activities affect all of its stakeholders. Ethical behaviour within a particular business is different from an ethicalbusiness. An ethicalbusiness sets out from the beginning to work ethically and ethics from a part of its strategic aims.
What Is Business...
...Task 1 (P1): Explain the ethicalissues a businessneeds to consider in its operationalactivities.
Business Ethics is the moral principles of the right and wrong things that an organisation can do. The aims are controlled by organisations within the business, for example, Social services/a private business. An honourable behaviour is behaviour of right or wrong. Business moral values include the practices and behaviours (good or bad) within the organisation. Business managers in these organisations create decisions aimed at accomplishing their assigned aims and objectives. The decisions made can be related to the staff.
Tesco’s Ethical concerns:
Tesco’s mission of “unbeatable price” to its customers have reduced its prices, which is causing UK farmers to become very close to becoming bankrupt, due to the price reduction. This shows that Tesco don’t have care and a strong relationship for/with their suppliers. Tesco are doing this because they want to attract more customers to buy their products, so they reduce their prices to do this. However, as customers are first to be served within the business it means that they are a priority other than the farmers. This is because the farmers only supply the products, but Tesco would...
The Three Legal & EthicalIssues in Business in Bangladesh
Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of businessethicalissues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, today most major corporations promote their commitment to non-economic values under headings such as ethics codes and social responsibility charters. Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions. Ethics implicitly regulates areas and details of behavior that lie beyond governmental control. The emergence of large corporations with limited relationships and sensitivity to the communities in which they operate accelerated the development of formal ethics regimes.
Ethicalissues is pertaining to or dealing with morals or the principles of morality; ethical is pertaining to right and wrong in conduct, involving or expressing moral approval, in accordance...
...Current EthicalIssue in Business
Big Ben or Big Brother is an article that discusses a major aspect of today's ethicalissues in the business world. This ethicalissue has to do with invasion of privacy. Each year, the national members and affiliated organizations of Privacy International present the "Big Brother" awards to the government and private sector organizations which have done the most to threaten personal privacy in their countries. "Big Brother" awards are presented to the government agencies, companies and initiatives which have done most to invade personal privacy (Privacy International, n. d.). There are numerous amounts of countries that participate in the ceremonies for these awards, England being one of them.
In this article, the writer is discussing that the small town of Newham, England has more than 240 surveillance cameras; every where citizens look, someone has cameras trained on them, watching his or her every move. That is 240 cameras in Newham alone, in all Britain there are over a million cameras zooming in on the population. A person could be caught on film around 300 times by the time a person gets to where he is going and back home again. The article's author, Underhill (2000), states "the closed-circuit television system may be intrusivebut its record blunts any public outrage; Figures suggest that a network of cameras in a...
...Current EthicalIssues in Business
November 22, 2010
PHL/323: Mr. Michael Smith
Current EthicalIssues in Business
Ethics plays an important role in the function of a business. The overall standards of a company often determine the conscious effort and importance of ethical standards. There are various reasons for business ethics that go beyond the invisible line set by most business standards. Competition, security, and safety become compromised by carelessness, neglect, and ethic violations for companies that do not regulate themselves on a regular basis. Conflicts in leadership and a change in rank and procedures are often the end result in a company that has violated business ethics.
This paper will evaluate the Upper Big Branch mining incident in West Virginia last April, 2010. The accident that killed 29 miners was because of multiple safety violation; the business leadership made an unethical decision to attempt, to cover it up. This team will evaluate the events, causes, and leadership roles that occurred; and suggest proposed changes that could be made to ensure a better business ethic.
The issues that are involved are human error or correct the error to cover-up. In the Upper Branch Mining Disaster there was human error and also cover-up the problem. So, are...
...Current EthicalIssue in Business
The organization People for the Ethical Treatment of Animals (PETA) have been in the news for recent issues regarding animal cruelty. The same activists that had to fight to preserve the habitat of animals, the cruelty in the clothing industry and in medical experiments have been the focus of attention for the way they have handled disposing of dead dogs and cats. This paper will establish the ethicalissues, theories, ground rules, and how all apply to the PETA case. What is important to understand in a case like this is leadership has an important role to play. How far will a protector of animals go while hiding unethical practices?
Statement of the Problem
PETA claims that their mission is to champion the welfare of animals and protect them from abuse. They cite some of their goals as eliminating animal abuse in the fur industry, eliminating animal usage in research projects, eradicating food industry usage of animals, changing the living conditions for animals in shelters, and promoting bans on using animal products for clothing. PETA has enlisted many celebrities to help promote the national campaigns. These campaigns depict passionate, caring vegans whose goal is to save animals.
Recently PETA has had a challenge in North Carolina. Authorities made an arrest of two PETA employees for dumping dead animal carcasses into the...
...reporting profits. Being honest is a principle that has been universalized – consider the exception, which was exactly what happened in Italy back then: as a “generally accepted Italian practice”6, understating profits by 30%-70%7 was adopted by most companies in Italy when filing for tax. The consequence was that the Italian Tax Authorities no longer believed there is still any “honest player” and assumed every one cheats when filing tax. Thus in Italy a tax system that’s supported by honest and genuine self-reporting ceased to exist – the Tax Authorities had to meet the representative of the corporation (the commercialista8) and negotiate the “true tax payment” – the immoral action of being dishonest is thus self-defeating9.
Kant’s 2nd categorical imperative promotes “respect for persons” principle10 which, put in business context, requires that “people in a business relationship not to be used (coerced or deceived) and business practices to be arranged to contribute to the development of human rational and moral capacities” (the “positive freedom”)11. In this case the American manager refused to be coerced (forced to adopt the Italian tax-filing practice) and deceived (hiring a commercialista to represent the company and possibly ending up paying more tax than the company actually owes). The manager’s act is moral on the ground that it promotes the “positive freedom” and helps develop a business...