group who are inquisitive and focused on business. It could be anyone such as an individual‚ bank‚ customer‚ and employee. They also include owners who are focused on how much money the business makes. P2: Marks and Spencer‚ Emaar: The main stake holders for Marks and Spencer are the owners‚ banks‚ suppliers and the customers. The stakeholders for Emaar are the suppliers‚ government‚ trade unions and the owners. The owner are people who own the business and hence they have a word in the final
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P2-Explain the implications for the business and stakeholders of a business operating ethically. In this P2 task‚ I will be explaining the implications that Primark’s unethical practice has on itself and on its individual stakeholders. I will start of by introducing Primark’s 7 main stakeholders are and I will also explain how each of these stakeholders is affective by Primark unethical activities. I will now discuss how these stakeholders are affected positively or negatively by Primark’s unethical
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Unit 37 – Understanding Business Ethics Explain at least 3 general activities from an ethical viewpoint your chosen business needs to consider in its operational activities. Describe how the business is attempting to show its stakeholders that it is aware of the ethical concerns that apply. Corporate social responsibility (CSR) CSR is about how companies manage the business processes to produce an overall positive impact on society. Business ethics Business ethics is the accepted set of moral
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Explain the implications for the business and stakeholders of a business operating ethically. (P2) All businesses have a number of stakeholders each with individual interests in what the business does‚ the owners (In co-ops case‚ the members) will want good financial gains from their investments. Businesses such as co-op should be managed with the interests of all stakeholders in mind. Stakeholder is anyone with an interest in a business. Stakeholder can be individuals‚ groups or even organisations
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Understanding Business Ethics Introduction Over this task I will be choosing a business and providing brief background information on my select organisation. The company that I have chosen is in a controversial industry and has its fair share of pressure groups‚ none more so than Governments of several countries. My organisation is in a billion pound industry and in effect manufactures legalised poison. My selected business is Marlboro‚ an international billion pound company based in
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Unit 45: Business Ethics Unit code: M/601/1024 QCF level: 5 Credit value: 15 credits Aim The aim of this unit is to introduce learners to the concept of business ethics and to examine its relevance when considering business objectives and responsibilities. Unit abstract Most businesses today are concerned about the impact of their activities on the business environment. Ethical concerns and greater consumer awareness have resulted in many businesses promoting their
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Uma Sakaew E-ON-MBS-o-0-FI Task 1a: Select an appropriate company‚ discuss and agree your choice with your tutor. I choose this company‚ because I can find many information about Coca-Coa which are usable for these tasks. It’s also an interesting company for me‚ because I want to know how this company became a multinational company. What are their mission to stay strong against the other competitors. In this report you read the story about Coc- Cola company‚ about the start the formula‚ the bottle
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Business Ethics – Unit 37 Task One Understand the meaning and importance of ethics in the business world Businesses have aims and objectives they wish to achieve to be successful. Operational activities are the things the business does to get there‚ however sometimes businesses make bad decisions that can upset staff‚ customers‚ local people‚ etc. this is why ethics is a very important aspect of business management. Objectives are set as stepping stones which are taken in order for the business
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1 Unit 37 Understand health and safety in the social care settings 1.1: You will find all the legislations under the health and safety at work act 1974 this act is the overall cover for health and safety at work. 1.2 + 1.3: We have regulations and guidelines with policies and procedures to follow to protect the client for example hear are just a view ways in which we must do this: Make the work place safe Provide adequate first aid facilities Always use protective clothing
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P1 & P2 * The need to recruit: As Juda Truck Supplies Ltd going to open shops in tow new location in the UAE‚ they needs to appoint a new customer Services Executive in order to grow their business further. * Job Descriptions: Job descriptions are lists of the general tasks‚ or functions‚ and responsibilities of a position. Typically‚ they also include to whom the position reports‚ specifications such as the qualifications needed by the person in the job‚ salary range for the
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