...Business ethics are the moralities which makes a Business’s act right, the rules that apply to a person also applies to a business. Acting in an ethical way involves between “right” and “wrong” and then making the “right” choice. An ethical business has a broad schedule hence focuses on making a positive contributions to the public. In additional to that business operations refer to anything a business does in order to achieve its aims. Problems linked to ethics in business increase as some businesses make some bad operational/ strategic decisions hence these affect stake holders. Tesco’s always focuses on making a positive contribution to the community. Tesco’s support a lot of charities, aims to be the best retail with ‘unbeatable price’. Also they keep trying to improve their products by recycling etc. Tesco’s mission statement is to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn’t changed. Customers want great products at great value which they can buy easily and it’s our job to deliver this in the right way for them. Tesco’s mission of “unbeatable price” has made their products a lot cheaper for the customers to purchase hence the UK farmers to become very close to becoming bankrupt, due to the price drop. This shows that Tesco doesn’t have a very strong relationship with their suppliers. The organisation is doing this to attract more customers to buy their goods, so they reduce their prices to do this...
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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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...[pic] TASK 1 INDIVIDUAL POWERPOINT PRESENTATION Employed as a Junior Business Analyst in the Corporate Social Responsibility (CSR) division of the Romford Business Gazette, you have been assigned the task of researching Innocent Drinks in order to gain a better understanding of the company and its business operations, in particular: i) Innocent Drinks mission statement ii) Business aims and objectives (or values and goals) iii) Innocent Drinks ethical awareness and the impact of its business operations on its stakeholders Once you are satisfied with your research findings, you are required to deliver a formal business presentation of no longer than 10 minutes, clearly outlining the following: a) Explain the ethical issues Innocent Drinks needs to consider in its operational activities (P1) b) Explain the implications for Innocent Drinks and its stakeholders operating ethically[i] (P2) c) Assess how Innocent Drinks could improve its operational activities to be more ethical.[ii] (M1) TASK 2 WRITE A FORMAL BUSINESS REPORT You are required to produce a formal written business response in which you clearly and concisely document the following: a) Describe and assess the social implications of Innocent Drinks operating ethical in its different areas of activity (P3, M2) b) Evaluate the impact of Innocent Drinks ethical behaviour on internal and external stakeholders (D1) [pic] ...
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...21/1/2025 | 28/1/2015 | Qualification | Unit | BTEC LEVEL 3 EXTENDED DIPLOMA IN BUSINES | UNIT 37 UNDERSTANDING BUSINESS ETHICS | Assignment Title | | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria Reference | To achieve the criteria the evidence must show that the learner is able to: | Task no: | Page numbers: | P1 | Explain the ethical issues a business needs to consider in its operational activities | | | | | | | | | | | | | | | | | | | Learner Declaration | I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.Learner Signature: Date: 27/1/2015 | Introduction Task 1 (P1): Explain the ethical issues a business needs to consider in its operational activities. Business Ethics is the moral principles of the right and wrong things that an organization can do. The aims are controlled by organizations within the business, for example, Social services/a private business. An honorable behavior is behavior of right or wrong. Business moral values include the practices and behaviors’ (good or bad) within the organization. Business managers in these organizations create decisions aimed at accomplishing their assigned aims and objectives. The decisions made can be related to the staff...
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...and importance of ethics in the business world • Understand the implications of businesses operating ethically SCENARIO You are to host an ethics event, where you will invite small to medium sized organisations from around your local area. The purpose of the event is to educate local businesses about ethical issues; the types of practices they can implement through business activities; the implications of not operating ethically for both the business and society and the rewards gained from ethical policies. In preparation for the event you will be provided with two briefs detailing a number of research tasks. Brief 1 is below, Brief 2 is to follow. Brief 1: You are to investigate, through extensive research, the ethical activities of VOLKSWAGEN. Start with the company mission statement, examine their aims and objectives and review the different stakeholders that Volkswagen is associated with. Once you have this research carry out the following tasks detailed below. a) Explain the ethical issues Volkswagen needs to consider in its operational activities (P1) For this task you will need to research the different ethical issues facing organisations, this should include: corporate governance; corporate social responsibility; environment; sustainability; human rights; working conditions; corruption and trading fairly. Once you have explained these issues take a look at Volkswagen’s mission...
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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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...** Explain the ethical issues a business needs to consider in its operational activities. BUSINESS ETHICS: - is the application of ethical values (the standards that are set by a business or individuals that control their behaviour) to business behaviour. - apply to: all aspects of business conduct, all levels of the organization, all activities that affects stakeholders and the organization as a whole. P1 ETHICAL ISSUES: 1. Corporate governance and corporate social responsibility Corporate governance – the people and procedures for taking the major decisions within a business. It is "the system by which companies are directed and controlled". Corporate social responsibility (CSR) – refers to the extent that a business considers what it does in relation to a wider world. It is the policy of the business towards all stakeholders that takes their interests into account. It is when a firm establishes its own policies regarding its standards of behaviour and its relationship with stakeholders. 2. Environmental ethical issues and sustainability Environmental ethical issues – are problems with the planet's systems (air, water, soil, etc.) that have developed as a result of human interference or mistreatment of the planet. Sustainability - is the capacity to endure. For humans, sustainability is the long-term maintenance of responsibility, which has environmental, economic, and social dimensions, and encompasses the concept of the responsible management of resource...
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...Unit 4: Unit code: QCF Level 3: Credit value: Business Communication H/502/5413 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to show learners that the collection and management of business information, and the successful communication of that information throughout a business, is critical for the future prosperity of the organisation. Unit introduction A business needs accurate and relevant information from internal and external sources in order to operate profitably. Proper collection of data creates an environment where informed decisions can be taken for the benefit of the business. In order to manage information effectively, there must be good communication systems within the organisation. Staff must possess good verbal and written skills in order to communicate and share information Business information can be used to obtain competitive advantage and promote efficiency. Organisations generate information internally, recording details of products manufactured, purchased and sold, and their associated costs. Businesses use information to manage not only what is currently happening in the organisation but also to plan for the future and ensure their survival. Information is collected, stored, manipulated, analysed and reported to those who need to use it. People need to become skilled manipulators and users of information to ensure organisations become more efficient and succeed in achieving their stated purposes. Since the...
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...Cambridge TECHNICALS OCR LEVEL 3 CAMBRIDGE TECHNICAL CERTIFICATE/DIPLOMA IN BUSINESS BUSINESS COMMUNICATION H/502/5413 LEVEL 3 UNIT 6 GUIDED LEARNING HOURS: 60 UNIT CREDIT VALUE: 10 BUSINESS COMMUNICATION H/502/5413 LEVEL 3 UNIT 6 AIM OF THE UNIT Effective communication is a key area in terms of its contribution to business success. When studying this unit learners will gain a thorough understanding of the types of business information used both internally and externally by organisations and the methods used to communicate information to different audiences. In this unit, learners will have the opportunity to develop, analyse and evaluate a range of methods used to communicate different types of business information and will understand the purpose of such communication. They will also produce and evaluate different types of business communication of their own. www.ocr.org.uk 2 Business Communication Level 3 Unit 6 ASSESSMENT AND GRADING CRITERIA Learning Outcome (LO) Pass Merit 1 Understand different types of business information P1 explain different types of business information, their sources and purposes 2 Be able to present business information effectively P2 present complex internal business information using three different methods appropriate to the user’s needs The assessment criteria are To achieve a merit the the pass requirements for evidence must show that, this...
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...legal and ethical issues Contents Introduction…………………………………………………………………………………………..1 Ethical issues……………………………………………………………………………………….. 2 Legal issues………………………………………………………………………………………….3 Legal, Ethical and operational issues……………………………………………………………..7 * Introduction This report will explain the legal and ethical issues that relate to the use of business information. l personally think that legal and ethical issues are usually to do with something that involves people having to abide to a law, in most cases there will be a consequence for not abiding with the law. Tesco may collect and process information about you, including: * Information that you give to them. You may give them information about you by filling in forms on the Tesco website or by corresponding with them by phone, e-mail and more. The information you give Tesco may include your name, address, e-mail address, phone number, personal description and photograph. * Information they collect about you. With regard to each of your visits to the Tesco website they may automatically collect technical information and information about your visit. * Information they receive from other sources. Tesco may receive information about customers if they use any of the other websites they operate or the other services they provide. Tesco, as well as other business, also work closely with third parties, which mean they may receive information about you from them. * Ethical issues Ethical issues are moral...
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...Legal and Ethical Issues Relating to Business Information Introduction I this task I’m going to explain the legal and ethical issues in relation to the use of businesses information and also I’m going to explain operational issues as well in the last park of the task i going to analyse the legal ethical and operational issues using appropriate examples . Most people do not feel safe in putting or giving their personal details on different social networks like Facebook and Twitter and another organization who uses the personal detail from the people or customers , the reason being of many hackers invading other people's privacy this also can happen with many businesses as well such as Tesco ,Asda e.g. if they do not have a security system to keep them safe . Legal Issues These are various items of legislation to protect the use of business information. Data Protection Act 1998 is one of the legal issue business information. Many businesses store use information about people. The Data Protection Act protects information held about people from being misused. The information stored by businesses on databases must be: ✓ Obtained fairly and lawfully ✓ Used only for the purposes stated during collection ✓ Adequate, relevant and not excessive in relation to the intended use ✓ Accurate and up to date ✓ Not kept for longer than necessary ✓ Processed in line with your rights ✓ Subject to procedures to prevent unlawful processing, accidental loss, destruction...
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...|BTEC Assignment Front Sheet | | |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...
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...Dynamic Business Environment True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False 4. A controller is normally involved with preparing financial statements. True False 5. The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. True False Multiple Choice Questions 6. Which of the following statements about managerial accountants is false? A. Managerial accountants more and more are considered "business partners." B. Managerial accountants often are part of cross-functional teams. C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. D. In a number of companies, managerial accountants make significant business decisions and resolve operating problems. E. The role of managerial accountants has changed considerably over the past decade. 7. The day-to-day work of management teams will typically comprise all of the following activities except: A. decision making. B. planning. C. cost minimizing. D. directing operational activities...
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