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.
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 “ethical issues” explaining some of the examples given below. •You must explain how these influence an increasing range of business activities.
Operational activities: definitions of business ethics; ethical activities; values of businesses; professional ethics; individual ethical behaviour
Ethical issues: corporate governance; corporate social responsibility; environment; sustainability; human rights; corruption; trading fairly; legal and regulatory compliance; business practices; working conditions;...