...FE BUSINESS,ENTERPRISE & TU STUDIES | COURSE TITLE: Diploma in Business | LEVEL:3 | UNIT NUMBER:37 | UNIT TITLE: Unit 37: Understanding Business Ethics | ASSIGNMENT TITLE:(Full or Part): Assignment 4 : Ethical concerns of the communities | ASSESSOR: SG | ISSUE DATE: WC 5/4/14 | SUBMISSION DATE: WC 12/5/14 | DATE OF INTERNAL VERIFICATION: | INTERNAL VERIFIER: | Learning Outcome (s) covered: (Number and detail)4 Understand ethical concerns facing different communities | TARGETED GRADING CRITERIA | GRADING CRITERIA DETAIL | P4 | examine the ethical concerns of the communities in which a selected business operates. | M3 | explain the ethical concerns of the communities in which a selected business operates and suggest measures that could be taken to improve corporate responsibility | Learner’s declaration I certify that the work submitted for this assignment is my own. Learner Name: _________________________________Date:______________ ------------------------------------------------- Plagiarism. ------------------------------------------------- ------------------------------------------------- Plagiarism is cheating and can result in expulsion from the course and college. Plagiarism is copying from a published text or another student, and passing the work off as your own. You must acknowledge all sources. Full reference details should be given in the bibliography. Unacknowledged...
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...Extended Diploma in Business ( Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up a report explaining business ethics for a...
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...in Business (Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behavior on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up a report explaining business ethics...
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...P4 & M3 Ethical concerns facing the communities Introduction I will be describing the ethical concerns facing the communities in which Apple oversees. For this part of the assignment I have chosen to continue using Apple as my selected organisation and look at them in more detail for this part of the task. Describe the ethical concerns facing the communities in which the selected business operates. Local communities Many businesses are of national importance and their activities have a crucial significance to local communities. Apple for example is a powerful presence in any community and can have an influence in many different ways. For more than 150 years, the British coalfields offered mining work to the communities around them. However, these communities were scarred for generations, because of them. Mining communities suffered a lot of environmental damage, with ugly slag heaps and, in some coalfields, serious coastal damage. Even today modern businesses leave their mark in many different ways on communities. Despite the environmental and other negative effects, local authorities still welcome new businesses. They bring jobs and cash to areas. When businesses of any size operate within a locality, there are always ethical concerns. Regional and national communities When entire communities go through difficulties, there are regional, and often national, effects. The UK car industry suffered from poor planning, inefficiency and bad industrial relations. The coal industry...
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... | |Learner Name: | | |Qualification: |BTEC Level 3 Extended Diploma Business | |Units Covered: |Understanding Business Ethics |Unit Numbers: |37 | |Assignment Issue Date: |w/c 11/05/15 |Assignment Due Date: |w/c 01/06/15 | |Duration (approximately) | | |I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that | |false declaration is a form of malpractice. | |Learner’s signature: | |Date: | / / | Assessor’s signature in this grid indicate which criteria have been awarded |Unit No. |Criterion |Assessor Signature |Criterion |Assessor Signature |Criterion |Assessor Signature | | |PASS | |MERIT ...
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...BTEC Business Level 3, Unit 37: Understanding Business Ethics Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have there origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. Businesses have not always behaved ethically and many still do not. This unit examines what pressures there are on businesses to behave in an ethical manner. Learning outcomes On completion of this unit you should: 1 Understand the meaning and importance of ethics in the business world 2 Understand the implications of businesses operating ethically 3 Know the social implications of business ethics 4 Understand ethical concerns facing different communities. Context: You have been asked to research and draw up a report explaining business ethics for an organisation that is about to be floated on the stock exchange. The report will demonstrate an understanding of ethical business behaviour; the implications of it and why it is increasingly seen as such a serious issue for more and more businesses. P1 explain the ethical issues a business needs to consider in its operational activities. • Begin by explaining your own understanding of the term...
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...BTEC Business Level 3, Unit 37: Understanding Business Ethics Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have there origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. Businesses have not always behaved ethically and many still do not. This unit examines what pressures there are on businesses to behave in an ethical manner. Learning outcomes On completion of this unit you should: 1 Understand the meaning and importance of ethics in the business world 2 Understand the implications of businesses operating ethically 3 Know the social implications of business ethics 4 Understand ethical concerns facing different communities. Context: You have been asked to research and draw up a report explaining business ethics for an organisation that is about to be floated on the stock exchange. The report will demonstrate an understanding of ethical business behaviour; the implications of it and why it is increasingly seen as such a serious issue for more and more businesses. P1 explain the ethical issues a business needs to consider in its operational activities. • Begin by explaining your own understanding of the term...
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...Subject: P4: Examine the ethical concerns of the communities in which BP operates and M3: Explain the ethical concerns of the communities in which a selected business operates and suggest measures that could be taken to improve corporate responsibility. Introduction: Within this report I will be explaining the ethical concerns for my chosen business BP and I will also be explaining what measurements BP carried out due to their ethical concerns. Some of BP’s ethical concerns: 1) The BP Oil Spill released over 200 million gallons of crude oil in which was pumped into the Gulf of Mexico for around 87 days, making it the biggest oil spill in history. 2) The oil spill caused 16,000 total miles of coastline to be affected, including Texas, Louisiana, Mississippi, Alabama, and Florida coasts. 3) The gushing oil was stopped in July 2010; but oil is still washing up on shores, which will cause long-term damages to people and animals living in the area. 4) Over 8,000 animals were reported dead as quick as 6 months after the spill. 5) The oil explosion killed in total 11 people and injured 17 others. Environment concerns 200 million gallons of crude oiled flowed into the Gulf of Mexico in which caused an explosion of the deep-water horizon oil rig. Oil and gas manufacture projects can have major implications on air, water and the wildlife. BP states that they try to diminish the environmental impact from the earliest stages of planning to the dismantling...
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...asked to explain the ethical concerns facing the communities in which my selected business operates and suggest measures that could be taken to improve corporate responsibility. What is corporate social responsibility; ( CRS) is about understanding my business impact on the wider world and considering how my business can use this impact in a positive way. Nike impact to the local community: Benefits; Nike opening new stores or factories will create more jobs which will mean more people in jobs and numbers of employed people down in the area they are operating in. Nike opening new stores in a local community will benefit the locals by giving them wider choice to pick from. Nike opening new stores or factories in a local community will benefit the locals and local councils in terms of investment in deprived areas. Nike operating in local communities will mean more sponsorships of local groups Nike operating in local communities will also mean convenience shopping for locals and also benefit of bringing in tourist and new people into the local community. Nike also operating in a local community could mean investment in the community in terms of reviving run down high street. Drawbacks; Nike opening new stores in a local community will be drawback for competing businesses in the same industry as Nike, as Nike is a major high street brand they are likely to drive out local businesses competing for same customers. The impact this has on the local communities is that...
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...CORPORATE GOVERNANCE The need for corporate governance is not something typical to our country or economy .even in countries where regulatory mechanism are more demanding in their content and more vigilant in its implementation. Flagrant violation under the corporate veil have generated the demand for better governance . The advent of information age has created an awakened shareholders , vigilant public and almost predatory journalistic fervour. Depending upon the model of corporate disclosure followed by different legal framework, right to information has forced corporation to divulge more than they ever did. Corporate governance is derived from Latin term ‘corpus’ which means ‘body’. governance means administering the process and system placed for satisfying stakeholders expectations . when the two terms are combined it together brings out set of system procedures , policies , practices , standards put in place by a corporate to ensure that relationship with various stakeholders is maintained in transparent and honest manner. One of the basic feature of corporate governance is that there is a separation of ownership and management. The board of directors work and operate as trustee and agent of shareholders and they have to safeguard the interest of shareholders and other stakeholders It may also be considered as a network of legal provisions , regulations, practices to bring accountability and transparcy in functioning of the body corporate. It specifies the distributions...
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...r The ‘real’ reasons behind Corporate Social Responsibility Management Summary With this thesis I would like to contribute on the on-going CSR discussion. I attempt to investigate the real motives why multinational corporations engage in corporate social responsibility activities. The debate in CSR is nowadays still focused on the link between CSR and financial performance. Research lacks real proof of this link and corporations are failing in formulating a business case. So why is it that MNCs are willing to engage in CSR activities. In the following thesis I would like to give an answer on this question. Inhoudsopgave 1. Introduction 5 1.1 Research Purpose 6 1.2 Problem Statement 6 1.3 Sub questions 7 1.4 Structure 7 2. Theory 8 2.1 Definition CSR 8 2.2 Definition Multinational Corporation (MNC) 9 2.3 Theoretical Framework (Garigga & Mele (2004)) 10 2.3.1 Instrumental theories 10 2.3.2 Political theories 12 2.3.3 Integrative theories 13 2.3.4 Ethical theories 14 2.3.5 Propositions 16 3. Methods 18 3.1 Research approach 18 4. Results 19 4.1 Instrumental motive 20 4.2 Political motive 20 4.3 Integrative motive 21 4.4 Ethical motive 22 5. Conclusion & Recommendation 24 5.1 Conclusion 24 5.2 Limitations & Recommendation 27 6. References 28 1. Introduction Corporate social responsibility is becoming more and more important for companies. The last few years there is an increase of interest from companies...
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...com/2045-4457.htm SAJGBR 2,1 Profiting from poverty: ethics of microfinance in BOP Linda M. Sama and R. Mitch Casselman Department of Management, Peter J. Tobin College of Business, St. John’s University, New York, New York, USA Abstract Purpose – This paper seeks to examine the ethical dilemmas that emerge when offering microfinance services in BOP markets. Design/methodology/approach – Utilizing the ethical lenses of deontology, teleology, virtue ethics and moral relativism, the paper builds on prior research on ethical issues in BOP markets and the ethics of microfinance to highlight the specific stakeholder impacts facing MFIs. Relevant literature and examples from practice are utilized to illustrate the different ethical perspectives. Findings – In general, many of the key dilemmas represent themselves in the extreme poverty segment of the BOP where commercial business models have the least traction. Research limitations/implications – Propositions are developed for the corrective actions in the paper which might allow future research to uncover differences in intervention success in different BOP markets. Practical implications – The discussion of potential interventions for the various stakeholders may ameliorate criticisms of MFIs, suggest opportunities for cross-sectoral partnerships and improve outreach to the poorest of the poor. Social implications – For each issue addressed, this paper looks at the types of corrections that are made or called for through markets...
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...Introduction The business as per the generally acceptable notion is a profit making entity and takes into account function of monetary transactions as the criteria measure for the success of its operational activities. Corporate social responsibility in the past is considered as unwanted activities which are imposed on business by law and governing bodies as unnecessary burden which is against the basic principle of profit making for the business organizations. Business organizations have been considered as bodies that meet the demand of the consumers by supplying their goods and services, and have the responsibility for generating wealth and employment opportunities. (Mette Morsing & Carmen Thyssen, 2003) In recent times after the increase in concern about the ecological imbalances and the impact of business on the environment, this above view is however changing and more and more entities are taking corporate social responsibility activities and few of them are also able to align their business goals in order to generate profits. The modern business also debates over the business responsibility towards the Shareholder’s and owners versus Stakeholders (employees, consumers, suppliers and shareholders) in the present day scenario. After taking the consideration of responsibility towards stakeholders, businesses are coming closer to the society and are altering the function of business organizations taking into considerations the business’ wider role. The wider role define...
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...RESEARCH REPORT 16 CORPORATE SOCIAL RESPONSIBILITY A ROLE IN GOVERNMENT POLICY AND REGULATION? Constantina Bichta The University of Bath School of Management is one of the oldest established management schools in Britain. It enjoys an international reputation for the quality of its teaching and research. Its mission is to offer a balanced portfolio of undergraduate, postgraduate and post-experience programmes, research and external activities, which provide a quality of intellectual life for those involved in keeping with the best traditions of British universities. CORPORATE SOCIAL RESPONSIBILITY A ROLE IN GOVERNMENT POLICY AND REGULATION? Constantina Bichta Desktop published by Jan Marchant © The University of Bath ISBN All rights reserved Centre for the study of Regulated Industries (CRI) The CRI is a research centre of the University of Bath School of Management. The CRI was founded in 1991 as part of the Chartered Institute of Public Finance and Accountancy (CIPFA). It transferred to the University of Bath School of Management in 1998. It is situated on the 8th floor of Wessex House (North), adjacent to West car park. The CRI is an interdisciplinary research centre investigating how regulation and competition are working in practice, both in the UK and abroad. It is independent and politically neutral. It aims to produce authoritative, practical contributions to regulatory policy and debate, which are put into the public domain. The CRI focuses...
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...CHAPTER 1 INTRODUCTION 1.1 BACKGROUND INFORMATION Corporate Social Responsibility (CSR) as a concept entails the practice whereby corporate entities voluntarily integrate both social and environment upliftment in their business philosophy and operations. A business enterprise is primarily established to create value by producing goods and services which society demands. The present-day conception of corporate social responsibility (CSR) implies that companies voluntarily integrate social and environmental concerns in their op¬erations and interaction with stakehold¬ers. The notion of CSR is one of ethical and moral issues surrounding corporate decision making and behaviour, thus if a company should undertake cer¬tain activities or refrain from doing so because they are beneficial or harmful to society is a central question. Social issues deserve moral consideration of their own and should lead managers to consider the social impacts of corporate activities in decision making. Regardless of any stake¬holders’ pressures. However, some arguments that the contri¬bution of concepts such as CSR is just a reminder that the search for profit should be constrained by social considerations (Manuel and Lúcia, 2007) and increasingly CSR is analysed as a source of competitive ad¬vantage and not as an end in itself (Bran¬co and Rodrigues, 2006). In effect, the concept of CSR has evolved from being regarded as detrimental to a company’s profitability, to being considered as some¬how benefiting...
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