• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Social implications of business ethics. The main areas I will be highlighting are Ethics in Finance (bribery, executive pay, insider trading, lobbying), Ethics in human resource management, Ethics in production, Ethics in sales and marketing, Ethics in i

Extracts from this document...

Introduction

Social Implications of business ethics Throughout this report I will cover the social implications of ethics on a business. I will use examples from a range of different businesses showing my understanding and considering which of these issues affect society as a whole and those which only affect a small group or organisation. The main areas I will be highlighting are Ethics in Finance (bribery, executive pay, insider trading, lobbying), Ethics in human resource management, Ethics in production, Ethics in sales and marketing, Ethics in intellectual property, Environmental implications and finally a conclusion assessing all of the implications the above have on a business giving reasons and evidence for my answers. Ethics in financial dealing and payments, there are several kinds of unethical behaviour. All regulations and codes try to make sure that ethical practices are observed and followed through. Businesses in the financial sector, which offers loans which are expensive to repay, are increasingly subject to the scrutiny of the general public and authorities. The credit crisis was a result of too many business lending large amounts of money and letting customers and consumers have a much larger time scale to pay it back, which led to the business not having the money to pay back their providers and so on with the business. Free enterprise is to generate profit mainly and anything which prevents this goal from happening can be a realistic target for financial malpractice. Malpractice is improper, illegal, or negligent professional activity. Bribery is another form of corruption. This is the straightforward use of financial muscle to gain unfair advantage over others. 'IBM has received a slap on the wrist from the U.S. ...read more.

Middle

Whistleblowers are being deliberately undermined or removed from their workplace, despite repeated promises to protect them.' (Source: http://www.guardian.co.uk/money/2010/mar/22/tenfold-rise-whistleblower-cases-tribunal) This newspaper article just shows how within the workplace over the last few years it has become increasingly tense and confusing what can be said to each other and what information can be shared with other employees. When someone may be just mentioning something they think is suitable and appropriate for all ears they later find out they are being laid off by the business for as they know it 'whistleblowing'. Ethics in production of goods can lead to ethical problems for a company and their overall reputation and outlook. British law requires that any drug which is being introduced to the market has been tested on at least two different species of living mammal. One has to be a large non-rodent. The Animals Act 1986 insists that no animal experiments should be conducted if there is a realistic and viable alternative. The ethical question which revolves around animal testing is whether or not the general value of human life is more important in relation to animals. Another question raised is the extent of the pain which animals suffer throughout the procedures. People's opinions on animal testing differs, some are ok with it if it is for valid medical reasons and tests are done ethically, others refuse to accept animal testing altogether. In many cases when animal testing is done it is done when it is unnecessary, for example done when they know a certain ingredient will cause harm, when they know a certain ingredient will kill or harm the animal being tested upon, when the product is nowhere near being released, on large numbers of animals when it is not a necessary product, or when it is simply not required. ...read more.

Conclusion

These men who were jailed for the creation of pirate bay distributed millions of film and music files to users worldwide without paying for any of them. Environmental implications have a huge influence on a business these days. The most serious threat facing us comes from climate changes caused by human activity. One of the most major problems today is that economic activity is growing quickly in different areas spreads across the world. When a business is putting together new ideas and ways of developing already existing products they have to make sure that they are following all of the future aims for sustainability and reducing the use of greenhouse gases used in today's climate. The factory creating the product to the final sale stage to the consumer has to be viable and correct for future environmental expansion. This can also be directly linked to the suppliers and employees used such as how they are getting to work and transferring the products around the country or world. Many consumers and businesses will only work with people who have these aims and objectives set out clearly with a good positive direction for the overall reputation on the world and affect it can have. 'The software drinks giant has come up with a technology to use plant material in plastic bottles. But it is not an easy task.' (Source: http://www.guardian.co.uk/sustainable-business/coca-cola-green-plant-bottles) This shows how major companies are trying to create new initiative for being more green and helping towards using less harmful products for the environment. This type of movement means that many pressure groups that are out to harm businesses get on their side which is always good for consumer base and media attention. ?? ?? ?? ?? Unit 37 - Understanding Business Ethics P3 & M2 25/11/11 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. Unit 9: Marketing Strategy

    business as it is very easy to improve on 0 sales which is what Fabulous Frostings will open with. T This target is time related as it state that the increase should be made per month, however, it does not state how many months the target should remain for.

  2. Unit 12 - International Dimensions of Business Task 1

    areas of the globe, company owners must analyse whether or not their product will be accepted by the people of those countries/cultures. For example, if a beer company was gradually expanding and were thinking about what country to explore next, they must think about what cultures will restrict the people buying the product (beer)

  1. Tesco Marketing Activities

    Tesco were able to therefore target efforts to better and improve the accessibility of products to the disabled community. As a result of this Tesco Monaghan have now widened aisles for wheelchair use and made aisles shorter.

  2. Infosys and Corporate Social Responsibility in India

    analytical skills of students in Tier 2 and 3 towns of the country so that they become employable, was awarded as the best CSR initiative at the 8th National Outsourcing Association (NOA) Awards 2011, in London. It was especially lauded for making sure that no expense was incurred by the participating academicians in the program.

  1. Microsoft Case Study. Objectives, structure and marketing.

    The role of the customer services plays a big impact on the business; it provides useful information collected by other members to run a good business and to fulfil all needs. To keep a good customer service, member of the staff need to communicate effectively with customer, take in consideration of what they say, and be co-operate with them.

  2. Understanding business ethics at Primark

    On the other hand there are things that I would consider inappropriate for young children such as shirts with upside down crosses on them, leggings and sweatshirts with skulls but also bikini for children. This sort of clothing could really have a negative impact on families because of religious reasons.

  1. Unit 1 P5 Describe the influence of two contrasting economic environment on business activities ...

    The table below explains how the demands are influenced by the factors on the table. Affordability If the demand from consumers is increasing the suppliers will increase the amount of goods in the economy for consumer, but increasing the demand and supplies in businesses will have its, down fall for

  2. Unit 1 P3 P4 P5 P6 Business Organisation and The Business Enviroment - comparing ...

    the community Human resources Human resource department deals with recruitment, they decide whether or not to employ someone Finance They are run by the government so money is coming in continuously Marketing They use marketing to check what new books the users want Distribution They distribute to the community Research

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work