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. However, as customers are first to be served within the business which means they are an importance other than the farmers. This is because the farmers only supply the products, but Tesco would still need their suppliers, because if they are bankrupt there wouldn’t be any stock coming