Explain the legal and ethical issues in relation to the use of business information
Legal ethical and operational issues effecting business information A business comes across very sensitive information about employees, customers and any stakeholders therefore they are obliged to laws to keep operating. There are certain acts in which businesses have to follow by law and some other information should be kept protected even though by law a business is not obliged to do it; this is because of ethics and if they do not oblige by these they can be in trouble with the law which may lead to them paying a £5,000 which is not a problem for bigger business but for smaller organisations £5,000 is a lot for them to pay. For ethical issues people may be concerned and campaigns can start against a business for not keeping this information secure, this would be bad publicity for the company and it would mean less people would want to do business with them because they do not keep information that is of interest to the public, this information can include: Photo’s, Phone numbers and email addresses. The operational information that would affect a business is: security of information which means they need to keep sensitive information secured which they can by encrypting it, putting several passwords on so that only authorised personal are able to access the information. Data Protection Act: Any organisation operating in the UK must comply with the DPA (1998.The
Explain the implications for the business and stakeholders of a business operating ethically.
Introduction For this task I have been asked to write the implications for a certain business and the stake holders of a business which is operating ethically. The business I have chosen to relate to is H&M. Understand the implications of businesses operating ethically Every business has a variety of stakeholders for instance H&M will have a number of stakeholders such as store managers, staff, customers and consumers each group will have interests in how the business is run on daily basis. Business owners are the key stakeholders they want and expect good financial performance from their investments in H&M, store managers know that their first priority is to deliver good financial results to keep the H&M owners pleased, their superiors will keep track off progress. Shareholders Shareholders are people who are involved in a business such as customers, consumers, suppliers and staffs all these are people are shareholders as they are involved in the business, an H&M shopper is a stakeholder as they are consuming products from Employees Citizen’s benefit from H&M activity during they provide labour force for business leaders to create wealth. When H&M hires employees they will need to follow certain laws that help workers from being exploited and made to work long hours, then be made redundant when they were no longer needed. H&M would have to provide satisfactory
Explain the ethical issues H & M needs to consider in its operational activities
Introduction In this report I will be talking about how my chosen organisation, which is H&M, uses ethical issues to consider in its every day operational activities. H&M may not have some ethical issues that I will be discussing about in this report, but I will talk in detail about how they could use them, issues in their business. I will be explaining how H&Ms way of selling affects ethical issues and will be discussing about the things they need to be aware of whilst selling their clothes. Human Rights Business ethics consider actions taken on behalf of organisations such as H&M. Business ethics as the business if its actions are good or bad for us humans. Many questions that arise in business ethics affect all of us such as the environmental ones. There are also some issues which relate to human rights too. Therefore it is important that H&M deal with these issues and questions correctly as they do affect humans and the environment. Human rights are mainly about discrimination. For example it is illegal in the UK to treat people differently because of their race, gender, religion, sexual orientation or disability. These are known as basic human rights. There are other types of human rights which are built into legal system. At H&M employees are entitled to a contract of employment, to work part time, to be able to join a union and to have hearing against wrongful
Unit 32 M1 The Need for Health and Safety at Work
Health and safety at work act 1974 (HASAWA) An Act to make further provision for securing the health, safety and welfare of persons at work, for protecting others against risks to health or safety in connection with the activities of persons at work, for controlling the keeping and use and preventing the unlawful acquisition, possession and use of dangerous substances, and for controlling certain emissions into the atmosphere. This impacts food retailers because: * All employers have a duty to ensure the health, safety and welfare of their employees. They also have a duty to protect non-employees from risks arising out of their work activities * Accidental injuries, dangerous occurrences and notifiable occupational diseases should be reported to the appropriate enforcing authority and records kept. Records also have to be kept of the results of workplace environmental monitoring, health surveillance and maintenance etc. * Adequate precautions should be taken against fires and explosions and adequate means of escape and firefighting equipment should be provided * The workplace must be made safe without risks to health. Accidents and work related health damage should be prevented by tackling risks. Also the workplace should have training programs for their employees to train them so the workplace is a safer place to work in for their employees or customers who go in and
P5 Explain the legal and ethical issues in relation to the use of business information
P5: Explain the legal and ethical issues in relation to the use of business information M2: analyse the legal, ethical and operational issues in relation to the use of business information using appropriate examples Data of protection Act 1998 This act has been created to protect the personal information of customers and stop them from being wrongly used. This Act concerns any business who keeps the personal data of their clients. It is very important for businesses who keep these sorts of information to * Acquire them lawfully * Make sure they are used for what they say they were going to use it for * Make sure the information acquired is correct and accurate * Make sure the information are kept up to date * Make sure information are processed in line with the customers rights The acquisition of this information enables the businesses to send offers to the customers if they choose to as it would be illegal for the business to send these offers without the customer’s consents. The importance of this act is that it will help protect customers’ rights from falling in the wrong hand being wrongly used. It will also help assure customers and make them trust companies like Tesco with their personal information. Freedom of information Act 2000 The Freedom of Information Act 2000 allows anyone from the public to access information that the public authorities
Business at work
Unit 1 "Business at work" The business that I have chosen to study as part of this assignment is Sainsbury's. Sainsbury's is a Plc (public limited company) in which is very successful and internationally known. I have chosen to study this particular business as I have an interest in Sainsbury's and also that I shop their regularly and this will enable me to access information much more efficiently and effectively then any other business I would study. Another thing is that I know former employees that had worked at Sainsbury's and this again may help me to obtain any information I may need in this assignment. The Plc that I am currently studying about (Sainsbury's) has a more complex form of ownership owned by shareholders. A public limited company allows anyone from around the world purchase shares from the stock market for the company that they wish to purchase shares from. As the customer doing this is allows them to have a small part of the business and in return the customer will receive a small dividend from the profit to them for how many shares that the customer will have purchased from Sainsbury's. There are also benefits and constraints to being a shareholder. Some of the benefits of being a shareholder are that first of all there may be an increase in the share price which would be very beneficial as the shareholder will gain more capital. Another advantage of
Business Ethics
Unit 26: BUSINESS ETHICS This assignment requires me to select a firm and investigate the business and its ethical dimension. I must also write a report addressing the following tasks: Introduction For this assignment, I have chosen to use a company called 'British American Tobacco, the reason why I chose this company is because they are familiar to me and I believe that they are involved in the ethical issues within the business and the employees working there as well as the customer. British American Tobacco has been in business for more than 100 years, trading through the turbulence of wars, revolutions and nationalizations as well as all the controversy surrounding smoking. The business was formed in 1902, as a joint venture between the UK's Imperial Tobacco Company and the American Tobacco Company founded by James 'Buck' Duke. Despite its name, derived from the home bases of its two founding companies, British American Tobacco was established to trade outside both the UK and the USA, and grew from its roots in dozens of countries across Africa, Asia, Latin America and continental Europe. They were 'born international', and have developed over a century's expertise in operating locally in diverse cultures around the world. Mission statements: 'Ours is the world's most international tobacco group, with quality brands sold in more than 180 markets and a
Easyjet
From: Pablo Cortez To: Tracy Feist Date: 29/09/08 Overview: The following is a report into a private sector organisation known as Easyjet. Easyjet is a Public Limited Company and trades on the London Stock Exchange. It is a financially strong company being Europes No.1 Air Network. Easyjet's principal activity is providing airline services on short-haul and medium-haul point-to-point routes within Europe. Flying 872 times a day, It operates a fleet of 137 aircraft through 77 airport networks in 21 countries with a workforce of 5493 employees. This report will look into the purpose of the easyjet, how easyjet is run, its mission statement , concept, culture, overall performance, financial information, and other general operating activities. Main Findings: The airline was founded by Sir Stelios Haji-Ioannou in 1995, and he and his family remain major shareholders in easyJet PLC . easyJet currently operates throughout the UK and mainland Europe. The fleet of aircraft consists of 55 owned and 82 under operating lease, comprising of 107 Airbus A319's and 30 Boeing 737-700's. easyJet favours an informal company culture with a very flat management structure, which it believes eliminates unnecessary and wasteful layers of management. easyJet has a casual dress policy for all office based employees and bans ties with the exception of pilots. The airline is based at Hangar
The Growth of Business.
The Growth of Business# Internal -v- External Growth There are two main ways in which a business can grow - internal growth and external growth. Internal growth (Often referred to as organic growth) refers to a situation where a business increases its size through investing in its existing product range, or by developing new products. This will normally be financed through the use of retained profits (from previous trading years), bank loans or, if the business is a PLC, through the issue of shares. This is a slower and safer method of expansion than external growth. External growth Involves much greater sums of money and takes place through the use of mergers and takeovers (often known as growth through amalgamation, or simply integration). Regardless of the method of growth, there are several reasons why firms wish to grow: - To achieve economies of scale and see the average cost of production decline. - To achieve a greater market share. - To satisfy the ego of the businessman. - To achieve security through becoming more diversified. - To survive in an increasingly competitive market. Murgers and takeovers A merger occurs where two firms combine, with the consent of both groups of shareholders and Directors. A takeover (also known as an acquisition) refers to a situation where over 50% of the shares in another company have been purchased - therefore giving
Linear Programming
Linear Programming Part A Introduction "Linear programming was developed by George B. Dantzig in 1947 as a technique for planning the diversified activities of the U.S Air Force." Linear programming is a powerful mathematical technique that can be used to deal with the problem of allocating limited facilities and resources among many alternative uses in order to find out the optimal benefits. The main objective of the linear programming problem in management is to maximize profit or minimize cost. Linear programming has a wide variety of applications. It is used by oil companies to determine the best mixture of ingredients for blending gasoline. It is also plays an important part in making the optimal schedules for transportation, production, and construction. In addition, linear programming is a flexible problem-solving tool for portfolio selection in finance, budgeting advertising expenditures in marketing, assigning personnel in human resources management. Applications One of the most important applications of linear programming is the formulation of blends. Blending problems appear whenever a manager must decide how to blend tow or more recourse in order to produce one or more products. In these situations, the recourses often contains one or more essential components that must be mixed in a given pattern and the final product will contains specific percentage of
