I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.
The word ‘ethics’ comes from the Greek word ‘ethikos’, meaning ‘character’. One way to think about business ethics is to consider the ethics of people you might know. Individuals have different standards of ethics and so do businesses. In the business world, the organisation’s culture sets standards for determining the difference between good and bad decision making and behavior. Business ethics could be viewed as knowing the difference between right and wrong and choosing to do what is right. Business ethics can be used to describe the actions of individuals within organisations, as well as the organisation as a whole (Carroll, 2009).
So studying no more than four businesses from different industries you will be able to understand what business ethics is and how businesses are affected by it. You will explore and develop ideas and opinions on how ethics fits in business and what the business actually do in the name of ethical behavior.
You have been approached by your manager to produce a business report that will demonstrate your knowledge of business ethics. You are required to produce a report comprising of four sections for all the tasks outlined below.
LO1 AC, 1.1, 1.2. You need to use all the information you have learnt in class to complete the assignment. All tasks should be completed.
1.1: Using the theories studied in class explains the background and development of theoretical ethical approaches.
Consider the following; Ethical perspectives: deontological and teleological ethical theory; developments from these early approaches eg utilitarianism and other consequential approaches; early contributions of Kant and Mill; absolute and relative ethics; Institute of Business Ethics
1.2: In relation to the theories you have studied in class and in AC 1.1, compare and contrast deontology and relative theories. Use an example of a business to do this task.
Consider the following; definitions of business ethics; ethical activities; values of businesses; professional ethics
· Crane, A., and Matten, D. (2006) Business Ethics: Managing Corporate Citizenship and Sustainability in the Age of Globalization, 2nd ed., Oxford: OUP Oxford
· Crane, A., and Matten, D. (2010) Business Ethics: Managing corporate citizenship and sustainability in the age of globalization, 3rd ed., Oxford: OUP Oxford
· Fisher, C., Lovell, A., and Valero-Silva, N. (2012) Business Ethics and Values, Student Ed., London: Pearson
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· Potocan, V., and Mulej, M. (2009) Toward a holistical perception of the content of business ethics, Kybernetes, Vol. 38, No. 3, pp. 581 – 595
· Zsolnai, L. (2011) Environmental ethics for business sustainability, International Journal of Social Economics, Vol. 38, No. 11, pp. 892 – 899