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Understanding business ethics

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by

Robert Flay

on 14 May 2013

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Transcript of Understanding business ethics

ASDA Understanding business ethics Definition of 'Corporate social responsibility' The amount of responsibility business' take for what they have done to the enviornment as well as the areas around them. Financial ethics employees may face Financial ethics employees may face part 2 Executive pay is usually a mixture of an employees salary, bonuses, shares of the companies stock and benefits within the company. In most cases executive pay is rewarded to an employee for meeting a challenge in a set period of time but executive pay can be considered unethical to recieve because of how much is being given even though it was earned by the person who might recieve it. Human resources ethics From http://www.entrepreneur.com/encyclopedia/human-resources
" Definition: The department or support systems responsible for personnel sourcing and hiring, applicant tracking, skills development and tracking, benefits administration and compliance with associated government regulations" Sales and Marketing ethics http://www.smei.org/displaycommon.cfm?an=1&subarticlenbr=16
Detailed description stating some of the rules people agree to follow for Sales & Marketing By Robert Flay "Corporate initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. "
From{ http://www.investopedia.com/terms/c/corp-social-responsibility.asp } Websites used * http://www.globalheattransfer.co.uk/about-us/environmental-responsibility
* http://madhousefamilyreviews.blogspot.co.uk/2012/06/asda-have-pocket-money-priced-gifts-for.html
* http://www.thegloss.com/2010/05/17/fashion/sample-sale-security-guards-want-bribes-now/
* http://blog.transparency.org/2012/09/24/the-business-case-for-fighting-corruption/
* http://tayojet.blogspot.co.uk/2012/11/gender-inequality-nigerian-case.html
* http://www.bbc.co.uk/news/business-16002303
* http://www.kcra.com/news/green-energy-business-accused-of-dumping-hazardous-waste/-/11797728/20102242/-/e5usj6/-/index.html?absolute=true The financial ethics employees face could be a number of things from bribes, gifts, executive pay or corruption. * Bribes could be someone stealing products from ASDA and getting caught by a security guard who works thier but ends up getting bribed to let the people/thieves carry on. Example of being caught taking bribes http://www.mlive.com/news/detroit/index.ssf/2013/03/pontiac_councilman_everett_sea.html
http://www.fbi.gov/washingtondc/press-releases/2013/former-corrections-officer-found-guilty-of-bribery-for-taking-cash-to-smuggle-contraband-into-d.c.-jail * Gifts can be if someone who knows a person working at ASDA ask to pay less so that the customer doesn't have to pay as much for what they are buying * Corruption can be an abuse of position of trust in order to gain an unfair advantage which can involve action from two sides, one of the person who abuses their position of trust and the other getting an unfair advantage.
* http://www.thefiscaltimes.com/Articles/2011/12/13/The-Ten-Largest-Global-Business-Corruption-Cases.aspx#page1
10 Cases of corruption. Production and logistics ethics * A group of people or person responsible for finding and hiring, finding applicants, employee skills imporvement and benefits given to employees while following government rules. Gender discrimination: http://www.bbc.co.uk/news/world-us-canada-12601177
Women being mis-treated by managers in Walmart stores (Since Walmart owns Asda the same thing could be happening in asda stores too) Men recieving promotions was before female employees do. If people get offended by what Walmmat has been accused of then people might not want to go to their stores anymore which would also have a big impact on Asda because Walmart owns Asda. Sales & Marketing ethics are the rules and values that businesses follow when advertising their products or services to customers. http://www.bbc.co.uk/news/business-16002303
Shows 4 supermarkets including Asda about offers they provide customers that help be cheaper than the other supermarkets offer. * Asda needs to be careful with what they offer their customers, if they keep trying to be cheaper than other supermarkets they could start selling products at a price too cheap and either have to go back on their word which would be unethical or lose money because of the offers. How does Asda's production methods effect the environment. * It is important for Asda to be recycling on a consistant basis because it looks good on the business
* If Asda didn't recycle a big chunk of their customers would go to another business that does recycle in a method of protest http://www.kcra.com/news/green-energy-business-accused-of-dumping-hazardous-waste/-/11797728/20102242/-/e5usj6/-/index.html?absolute=true
Business accused of dumping hazardous waste which is a violation of state laws. Possibly resulting in the business being shut down or receiving a massive fine which is something Asda should hope to avoid if they want people to come to their stores.
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