Society as a whole is responsible to conduct business ethically. Parallel to the formula that we use for inventing the laws that a society created to promote specific behaviors and actions that are appropriate to build trust and relationship, it is similar in corporations' behavior. According to Svensson & Woods "Society does have expectations of business and of its business leaders" (Svensson & Woods, 2008, p. 306). Ethical business behavior is a combination of values and normative ethics, which drive an organization. When analyzing Anglo-American and Primark for this case study.
Tesco AO1 Part B PESTLE stands for “Political, Economic, Sociological, Technological, Legal and Environmental” factors. I am going to explain how each of these factors affects Tesco as a business. Firstly I am going to explain how political effects Tesco as a business. Monitoring, understanding and adapting to the political environment is essential for any business, because political change affects every business, some of the factors are 1. Stability of the government 2.
Scholars and practitioners have increasingly acknowledged the gap of trust between leaders and followers, which undermine employees’ commitment, impair wealth creation, and create increased transaction costs in organizations throughout the world (Caldwell et al., 2010). This indicates that leadership of a company needs to ensure that they develop an organizational culture that uses ethical stewardship to develop a sense of corporate trustworthiness among its various stakeholders so that it can enhance its sustainability in a highly competitive market. Leadership Behavior According to Gini (1998), ethical leaders are leaders who use their social power in their decisions, their own actions, and their influence on others in such a way that they act in the best interest of followers and not enact harm upon them by respecting the rights of all parties. Rather than focusing on the intent or motivation of ethical
Trustworthiness, Ethical Stewardship in Leadership Anthony R. Gilmartin Northcentral University MGT7019-2 February 10, 2013 Abstract In this article, a comparison and contrast of the approaches of the parties who influence business decisions as it relates to ethics, and to whom the decisions influence. Furthermore, the article will scrutinize the differing objectives of company leaders who influence business decisions. Along with assessing the events that a corporation may take to arrange ethical considerations relative to social or financial performance, and corporation’s status in the community and business industry. The article will review the degree of consideration business leaders should use with social, ethical, and public issues when dealing with internal and external stakeholders. Last, the article will evaluate ethics in an academic setting, principally concerning academic integrity and the code of conduct.
It seems that Gap understood the importance of its worker’s welfare as stated by various sources including their own research coming from the Social Responsibility Report, and outside interests such as activist investors and the United States Against Sweatshops (USAS). Gap found to better understand and to grasp the enormity of the problem it had with such things as ethical employment practices and working conditions, a complete an analysis of their factories and outlets in regard to (working) conditions was necessary. Global corporate citizenship means that companies must not only be engaged with stakeholders but are stakeholders themselves alongside governments and civil society. Since companies depend on global development, which in turn relies on stability and increased prosperity, it is in their direct interest to help improve the state of the world. When Gap Social Responsibility Report in 2004, which was unprecedented, historic and in the category of pioneer work, I think Gap demonstrated global corporate citizenship.
(A) Identify and analyse Tesco’s current business strategy Tesco is one of the largest retailers in the world by revenues ($94,185 BILLION), just after Wal-Mart and Carrefour. Their goals are to improve value (Shareholder) and loyalty (Clubcard) for their customers. Tesco’s strategy in the UK market: i) Core UK Business Tesco has established supremacy in the United Kingdom; the keys’ factors of their success are characterized by the quality of their products, price and their strong relationship with their customers. ii) International strategy Tesco’s international expansion strategy has also been successful; they have stores in 14 countries across Europe (Czech Republic), Asia (China...), and North America (USA…). The
Every corporation is created in order to make profit and provide a service or a product to the consumer.Most consumers do not understand the complexity of the products they buy and the possible harm they could cause.Since large corporations created such a product, they alone have the knowledge of how to safely dispose of their product.Therefore corporations should provide information on their products to aid the consumer to understand the possible dangers of the products they purchase and how to dispose of them safely. Last but not least, no solution is 100% effective.There will still be pollution created by the products manufactured by large corporations. Corporations should therefore provide a solution that will minimize any loss they might make in disposing the byproduct of their products, dispose their products safely and involve the consumer in the disposal procedure, in order to educate the consumer as well as informing the consumer of what to do and what not to
1. Intro/ Executive Summary Wal-Mart is an aggressive company and has their own reputation throughout the world. In the US, Wal-Mart has various formats such as Supercenter, Discount Store, Neighborhood Market and Sam’s club. The company is currently a largest retail chain in the world and has been ranked on top on the Fortune 500. They have as many as 150000 items for customers to choose from.
Microsoft is headquarters in Redmond, Washington. Microsoft produces, licences a large range of products related to computing. Measured by revenue Microsoft is the world's largest software maker and is also one of the most valuable companies in the world. Microsoft was founded by Bill Gates and Paul Allen on April 4 1975. Local, National, International or Global Oxfam operated in over 90 countries.
Ethics Reflection Paper Name Strategic Planning & Implementation/581 Date Instructor’s Name Ethics Reflection Paper Ethics are the principles, values, and beliefs that provide a basic framework that businesses may choose to follow to set standards for what is right and wrong behavior in the workplace (Pearce & Robinson, 2011). Ethics is the means of deciding a course of action. According to Pearce and Robinson (2011), “ethical standards reflect not a universally accepted code, but rather the end product of a process of defining and clarifying the nature and content of human interaction.” Corporate social responsibility (CSR) embraces a company’s ethical policies to encourage employees to reach out to the community, including stakeholders with a positive impact to protect the company’s assets as well as promote a healthy secure work environment. Personal ethical standards help contribute to the decision and behavior of an organization to develop a strategic plan. The purpose of this paper is to explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and explain how my ethical perspective has evolved throughout the masters program at University of Phoenix.