Report on Business & Ethics

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Report on business & Ethics|
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Submitted ToCommunicationTrimester 02, 2011Submitted By|
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9/30/2011|

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Table of Contents
Introduction:3
Description of the Issue:4
Case Study:4
Case 1 - Controversial Chemical (Triclosan) Poses Challenge for Colgate-Palmolive4
Case 2 - Rupert Murdoch’s ‘News of the World’ to shut after 168 years; the voicemail-hacking scandal6 Problems and various aspects-7
Solutions:9
Colgate-Palmolive case-9
Rupert Murdoch’s “the News of the World” case -10
Conclusion:11
Bibliography14

Introduction:

There is a primitive saying that, “Empires down the history have been known to get built only to be lost subsequently”. This has proved true mainly for the business that built for self-serving motives and unethical decisions. Many businesses becomes history for not being changed with changes with technology, market dynamics, business environment, but the most remarkable cause for many corporate giants out of business only for their unethical moves and not being visionary in their business activities. Business ethics is all about the sprite of true “value creation” and excellence in business. (Mandal, 2010) The law is the key starting point for any business. Most leading businesses also have their own statement of Business Principles which set out their core values and standards. Here in this report we will discuss about two real life cases which can be interesting examples of business ethics issue. First case study is all about Colegate-Palmolive Company is in a high powered argument and in a main point of a case study in product disclosure and corporate ethics responsibility because of widely used chemical. This case shows the hazy regulatory review of the companies and how they handle their customers over unsettled science. In second case study we will talk about shutter down of 168-year-old “the News of the World" because of the voicemail-hacking scandal. This used to be one of the most renowned newspaper running by the business tycoon Rupert Murdoch. The paper that's been accused of hiring private investigators to hack into cell phones and performing a extensive conspiracy to hide it. Description of the Issue:

Ethics is a system of moral principles and attitude that guides our actions to be morally correct, fair and just. One can question what is business ethics all about? – Business ethics are moral values that can lead the way how business should carry out its activities. The same kind of principles that establish an individual’s dealings also be appropriate to business. Doing business in ethical way includes making the “right” choice by distinguishing between “right” and “wrong”. It is comparatively easy to identify unethical business activities. For example we can say, using of child labour, unlawfully use of copyrighted resources, engage within bribery. Even though, it is not all the time simple to make similar firm definitions of high-quality moral practice. Businesses have to make a competitive return for its shareholders and treat its employees fairly. Nonetheless companies also have extensive tasks. They should not generate any harm to the environment and work in ways that do not mess up with the communities in which they functioning. This is known as corporate social responsibility. (Mandal, 2010) Case Study:

Case 1 - Controversial Chemical (Triclosan) Poses Challenge for Colgate-Palmolive

Colegate-Palmolive Company is in a high powered argument and in a main point of a case study in product disclosure and corporate ethics responsibility because of widely used chemical. This case shows the hazy regulatory review of the companies and how they handle their customers over unsettled science. Because of the recent grip on Colgate from US food and drug administration (FDA) the company take decision to concentrate microscopes more intimately on triclosan, which is a chemical with antibacterial materials. Lately it has been...
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